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Bangladesh ranked 2nd with 7pc GDP growth: IMF  

Bangladesh ranked at second place in the top 10 of growth rate with 7 percent GDP, according to IMF report. bangladeshAccording to an IMF projection Bangladesh will record the second highest growth in the world in 2019 with 7%. Iraq will top the list that year with 9.2% growth. The report only includes countries with a GDP worth over $100 billion (Tk7.8 lakh crore). Qatar topped the list in 2010 and 2011 to be replaced by Iraq in 2012. Ranging back to 2002, the graph shows Bangladesh among the top growers in 2012 with 6.1%. The follo...

New monetary policy for 15.5pc private credit growth

Bangladesh Bank has announced the monetary policy for the first half of 2015 with the “cautiously restrained” monetary policy stance of the latter half of 2014. Bangladesh BankPrivate sector credit will have space for 15.5 percent growth, a substancially higher level than that of the 12.7 percent November 2014 level, BB governor Atiur Rahman said while unveiling the new monetary policy today at a press conference in Dhaka. “There are no new loosening or tightening in the new monetary policy. The cautiously restrained policy wi...

Phl-Bangladesh Business Council launched

The Philippine-Bangladesh Business Council was launched last Jan. 21 in Manila through the initiative of Bangladesh Ambassador John Gomes (3rd from left front). The event was witnessed by the Philippine Ambassador to Bangladesh Vicente Vivencio Bandillo (2nd from left front), Miguel Varela, PCCI chairman (4th from left front), Rashed Maksud Khan, president of Bangladesh-Philippines Chamber phl-banglades-business-council-16of Commerce and Industry (BPCCI) (center f...

Garment exports to US on the decline  

Garment exports to the US, Bangladesh’s single largest export destination, declined 3.17 percent year-on-year to $4.64 billion during January-November last year, due to a slowdown in work orders after the Rana Plaza building collapse. Bangladesh was the sixth largest sourcing country for the US during the period though Bangladesh’s position was third even a few months ago, according to the US Department of Commerce, reports the Daily Star. Bangladesh-rmg-workerExports to the US started declining when retailers from...

Ctg port can boost business in northeast India, Bangladesh

A deal must be finalised to leverage the Chittagong international port for expanding business between northeast India and Bangladesh, Tripura Chief Minister Manik Sarkar has said. “Chittagong international port (in southeast Bangladesh) could play a catalyst role for the extension of business and economic growth between northeast India and Bangladesh. Governments of two countries must finalise a deal in this regard,” Sarkar said here Thursday night. export-import After inaugurating a photography exhibition of Bangladeshi journa...

Responsible business conduct in Italian clothing sector

The clothing industry has historically played an important role in the Italian economy. In 2011, Italy’s clothing sector comprised 31,350 companies and employed about 222,000 workers. Like many other manufacturing industries, the garment industry faces significant sustainability challenges in the supply chain. For example, according to public information, several Italian companies where implicated in the Rana Plaza factory collapse in April 2013. rmgConsidering the strategic role of the Italian clothing sector – at home and abroad – the Italian governmen...
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