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Economy

Nepal-Bangladesh trade talks slated to start tomorrow

Trade talks between Nepal and Bangladesh are scheduled to start on Wednesday in Kathmandu. During the meeting, Nepal has planned to ask for easy visa facility for Nepalis, preferential treatment for a number of Nepali goods, access to Bangladeshi ports for exports to third countries and determination of the exchange rate between the currencies of the two countries. bd-nepalbd-nepal According to the Ministry of Commerce and Supply (MoCS), a Bangladeshi delegation will be arriving in Kathmandu on Monday for the meeting. The two countries have been hol...

Bangladesh eyes fivefold increase in RMG exports to Canada

Bangladesh aims to raise its exports of readymade garments (RMG) to Canada at least fivefold to $3.5 billion by 2021, the chief of the Canada Bangladesh Chamber of Commerce and Industry (CanCham Bangladesh) said on Sunday. Bangladesh-rmg-workerMasud Rahman said total Bangladeshi exports to Canada stood at $1.1 billion in the fiscal year to June 2014, making it the fifth biggest market for the Asian country. Of that figure, RMG - Bangladesh’s main export - totalled $770 million. “The country aims to increase the val...

Govt, WB negotiate fresh aid package

Dhaka has agreed to join a fresh dialogue with the World Bank, on necessary reforms to receive aid under a ‘development policy credit’ package. The global agency, too, has expressed willingness to “do more to develop the country’s transport and energy infrastructures”. wbThe development came during a meeting between WB managing director and chief operating officer Sri Mulyani Indrawati and finance minister Abul Maal Abdul Muhith in Washington DC on Friday, according to a message in Dhaka on Sunday morning. They held talks on the sidelines of the ‘Spr...

Thailand looks to be BD’s new potential manpower market

As the government has intensified efforts to diversify its labour market abroad, Thailand offers a bright prospect where Bangladesh may have an access soon to two areas—deep sea fisheries and construction sectors. Both the countries are now in negotiations to finalise a memorandum of understanding (MoU) as Thailand is looking for bridging its labour gap by recruiting migrant workers from a number of countries, including Bangladesh. bd-thaiBangladesh Ambassador to Thailand Saida Muna Tasneem recently met Thai Labour Minister Surasak Karnjanarat at the ...

GDP dispute between WB, Finance Minister

Bangladeshi officials are disputing a new World Bank forecast that Bangladesh’s economy may shrink by 1 percent this fiscal year thanks to an opposition-led economic blockade and strike, which largely shut the nation down for three months. Finance Minister Abul Maal Abdul Muhith dismissed the bank’s figures as wildly exaggerated. Muhith“I don’t give much importance to what they say,” Finance Minister Abul Maal Abdul Muhith said this week after World Bank economists published their latest “Bangladesh Development Update.” “The World Bank, ADB ...

Finance sector stands behind Governor’s push for SMEs

As Dr. Atiur Rahman is honored by invitation to speak at the spring meetings of the IMF and World Bank, United World looks at how the finance sector has worked with the Governor to ensure inclusive growth. As the only Central Bank Governor speaking at the meetings, we look at the Bangladesh financial sector from the perspective of the top management of 13 key financial institutions in Bangladesh. From international and state owned, to commercial; there is one thing that they all agree upon – inclusive growth within the financial sector is reducing poverty and driving economic growth at over 6% per year. Over the next week, United World will feature
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