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Economy

Biman’s fleet plans fall flat again

National flag-carrier Biman has failed to make any headway in its plan to lease three Boeing aircraft, as all respondents to the recent tender in relation to the plan were found ‘non-responsive’. “All the respondents of the tender were found non-responsive,” a Biman official told UNB on condition of anonymity. ‘Non-responsive’ denotes companies that submit their proposals without fulfilling the requirements set out in the tender document. bimanHe also said Biman is in a good position now and it has to maintain its quality to guard its reputation. “We...

Bangladesh taps Vietnam for jute export

Vietnamese industry and trade minister Vu Huy Hoang and Bangladeshi textile and jute minister Mirza Azam met recently to exchange views on promoting bilateral cooperation in general and cooperation on textile and jute in particular, the Vietnamese trade ministry said in a statement. [caption id="attachment_17076" align="alignleft" width="300"]172988184134 Courtesy: moit.gov.vn[/caption] Vu Huy Hoang appreciated the traditional friendly relationship with many similarities and long-term cooperation potential between the two countries. He hoped...

WTO rules in fixing transit fees for India

Bangladesh and India will fix the transit fees as per WTO rules in exchange for facilitating connectivity for India’s land-locked northeastern states, Finance Minister AMA Muhith has said. “During the visit of the Indian Prime Minister, the issue (transit fee) was discussed...the two countries will now finalise the arrangement over the fees in line with the WTO rules,” Muhith said yesterday. muhithSpeaking at a business conference here, he said the transit fees would include the infrastructure development costs as well for the sub-regional con...

Trade begins at fourth ‘haat’ on Indo-Bangladesh border

Braving heavy rain, thousands of people - including women and children - on Thursday gathered on both sides of the India-Bangladesh border to witness the inauguration of the fourth border ‘haat’ (market) in Kamalasagar-Tarapur area on Thursday. Indian and Bangladeshi singers were in attendance to regale the public with patriotic and popular bd-india bordersongs from both the countries, reports IANS. While Kamalasagar is situated 30 km south-west of Agartala in Sipahijala district of western Tripura, Tarapur is in Brahmanbaria ...

FAO bestows BR Sen Award

FAO’s work with the Government of Bangladesh to improve food security and nutrition policy and practices has resulted in two FAO specialists receiving the Organization’s highest achievement awards in back-to-back years, FAO announced today. Lalita Bhattacharjee, an FAO nutrition specialist working toward improvements in nutrition policy and practices in Bangladesh, has won the 2014 FAO B.R. Sen Award, while Ciro Fiorillo, an FAO manager and agricultural and development economist, has received the 2013 B.R Sen Award for exceptional leadership provided to the National Food Policy Capacity Strengthening

World Bank FSSP to improve financial market infrastructure

The World Bank approved a total of $476 million for two projects in Bangladesh to develop a strong financial sector and to improve agricultural productivity for one million poor farmers. The projects approved by the Bank’s Board of Executive Directors are $300 million for the Financial Sector Support Project (FSSP) and $176.06 million for the Second National Agricultural Technology Program. “These two projects will support Bangladesh to reach middle-income status by strengthening the financial sector and ensuring greater food security. These, in turn will create more and wb
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