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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

Bangladesh tyre market to grow at 9pc till 2020

Rise in automobile sales, improvement in public infrastructure, and growth in purchasing power to drive tyre sales in Bangladesh over the next five years According to the recently released TechSci Research report, “Bangladesh Tyre Market Forecast & Opportunities, 2020”, tyre market in Bangladesh is forecast to grow at over 9% CAGR until 2020 on the back of growth in automobile sales, tyreongoing improvements in public infrastructure, and growth-oriented government policies. Government of Bangladesh has laid special emphasis on enhancing the road infrastruc...

No pain, no gain – says Governor

Dr. Atiur Rahman, reputed as the ‘Green Governor’ has a reputation for innovative thinking and problem solving. He is renowned for his support of the agriculture sector and his focus on SME as well as green banking. As one of the most progressive and well-respected Central Bank Governors in the world, United World discusses Bangladesh’s economic growth outlook and the opportunities and challenges for the banking sector. dr. atiurAcross the region we have seen recent growth downgrades. How do you see the growth prospects for Bangladesh this ...

Low-cost refinancing scheme soon to boost milk cow rearing

The ministry of finance plans to roll out a low-cost refinancing scheme of Tk 200 crore from July to boost milk cow rearing in the country after finance minister AMA Muhith approved the proposal last week. The scheme involves a five per cent interest rate for borrowers to be lent through state-owned banks, while the finance ministry will subsidize the banks concerned, a govtsenior finance official said, reports the New Age. Bangladesh Bank will provide the fund to banks which will manage it to improve rural economy and ensure supply of cow milk fo...
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