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Bangladesh hopes green means go

Like Thailand, Bangladesh is suffering from prolonged political unrest and subdued economic activity. For a time earlier this year it seemed Moody’s Investor Service might downgrade the country’s credit rating due to the ongoing tensions on the ground, although in the end it held off from doing so. green goOpposition party-led strikes have weighed on the economy, prompting the International Monetary Fund in March to clip its growth forecast for the fiscal year to June-end to 6% from 6.4%. The Bangladeshi government had been targeting a 7.3% growth ...

Japanese firms expanding their reach in South Asia

Bangladesh, the world’s eighth most populous country with approximately 158 million people, is witnessing an economic growth rate surpassing five percent for the past ten years. The economy is expected to continue to grow and present many business opportunities. In one of the office buildings at Gulshan crossing in central Dhaka, the work is on for construction of a new branch office for Toshiba, the first Japanese electronics company to have a branch in Bangladesh. Toshiba-HQ-bldg1Sayaka Kanagawa, who joined Toshiba in 2008, has...

BD in right direction to exploit “Blue Economy”: ESCAP

Bangladesh has been moving in the right direction in exploiting “Blue Economy” and other countries should acquaint with the strategies of Bangladesh that are being implemented, a top official the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) has said. blue economyESCAP Executive Secretary Shamshad Akhter made the comments while opening a side event titled “Outcomes of regional consultations on sustainable development (SD) and the post-2015 development agenda in Asia and the Pacific” at the UN headquarters in Ne...

Medical Device Market: Bangladesh 2015

Bangladesh remains one of the poorest countries in the world. Poverty is widespread throughout and GDP is extremely low, despite it being the eighth most populous country on earth. Frequent large scale flooding also remains a constant threat. Government funding is low and the country continues to rely on international aid. An unstable political environment tarnished by corruption has made healthcare reform somewhat of an afterthought. medical marketThere is a marked disparity in the standard of healthcare between rural and urban areas. ...

Bangladesh Consortium, IFC launch $ 50m credit facility

The Alliance for Bangladesh Worker Safety (Alliance) has brokered a first-of-its-kind agreement with the International Finance Corporation (IFC) to help suppliers finance factory repairs. Through the resulting credit facility, the IFC will provide USD $10 million each to five Bangladeshi banks—USD $50 million total—for affordable loans to factory owners making necessary safety repairs. rmg“We are pleased to join forces with the IFC to launch this initiative, which promises to provide much-needed support to factory owners, speed the process of implementing repairs and h...

Remittance hits record $ 15.31b

In the just concluded fiscal year, migrant workers sent home $15.31 billion in remittance, the highest in the country’s history. The remittance in 2014-15 also rose 7.6 percent from $14.23 billion in the previous fiscal year, according to Bangladesh Bank (BB) statistics released yesterday. [caption id="attachment_4203" align="alignleft" width="300"]The reserves now stand at $19.04bn, enough to pay off six months’ imports and second highest among SAARC countries The reserves now stand at $19.04bn, enough to pay off six months’ imports and second highest among SAA...
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