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Economy

Entrepreneurs keep economic wheel rolling on: Com Secy

Mr. Hedayetullah Al Mamoon, ndc, Senior Secretary, Ministry of Commerce appreciated the contribution of the entrepreneurs to keep country’s economic wheel rolling on, which he mentioned very important to achieve our national objective of transforming Bangladesh into a developed country by 2041. He said, since its inception IBFB has been playing a vital role in the development of business community and economy of the country. [caption id="attachment_19783" align="alignright" width="540"]ibfb Mr. David Meale, Chargé d'affaires, Dhaka U.S. Embassy addressing the inaugurati...

Bangladesh exports rise 4.7 percent

Bangladesh's income from exports in the first two months of the 2015-16 fiscal grew 4.71 percent to nearly $5.38 billion, an official said on Wednesday. export-importThe south Asian nation earned a total of $5.38 billion from exports during July-August of 2015-16 fiscal compared to $5.14 billion in the same period of the previous year, Xinhua quoted the Export Promotion Bureau (EPB) official as saying. The official said export performance for August was $2.76 billion -- 27.73 percent higher than that in the same month a year ago. Overal...

Tower business should be given to third party: HT Imam

The Political Advisor to Prime Minister Sheikh Hasina HT Imam  today said that he will actively press for policy reformation for the co-location facility of the towers of the mobile operators. "It will free the operators from being bogged down with the construction and maintenance of the mobile towers. Once they are free of those, they can concentrate on their services", said Imam while delivering his speech as the chief guest during the inauguration of International Infrastructure Summit organized by Edotco Bangladesh Ltd at a city hotel. Press Photo 2

Denim Expo attracting global buyers

The third edition of Bangladesh Denim Expo is scheduled to begin on November 11 in the capital Dhaka aiming to attract global buyers through showcasing jeanswear and latest accessories. Denim Expert Limited, a Bangladesh-Netherlands joint venture operating in the Chittagong-based Karnaphuli Export Processing Zone, is organizing fair to popularize the denimexpodenim products across the world. The two-day long exhibition will be held at Bashundhara Convention City in the capital city which also include a number of seminars on further sustainable devel...

IMF plans to empower emerging markets: report

The International Monetary Fund (IMF) is looking at a compromise deal on governance reforms by increasing the quota for emerging economies as an interim measure before a deadline for US action expires, sources quoting key officials at the IMF said. Under the compromise deal, the quotas of emerging economies will increase without any reduction in the US quota as proposed in 2010 and reaffirmed during the 2013 Spring Meeting of the IMF and the World Bank in Washington 0n 18 April 2013. IMFThe plan to double IMF’s resources and boost the voting rights of emergin...

Remittances up 1.1pc in August on year

Money sent home by Bangladeshis working overseas in August rose 1.1 percent from a year earlier to about $1.19 billion, the central bank said on Thursday. The figure was lower than $1.39 billion netted in July, when remittances fell 7 percent from a Remittance-450x325year earlier in the first annual dip since February. Millions of expatriate Bangladeshis remitted $15.31 billion in the financial year that ended in June, up 7.6 percent from a year earlier. Remittances from more than 10 million citizens abroad are critical for t...
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