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Regulators

WB forecasts 6.4pc growth in 2018 for Bangladesh

South Asia remains the fastest-growing region in the world with Bangladesh sustaining growth at 6.8 percent in 2017, gradually widening its lead relative to East Asia, according to a latest report of World Bank. Regional GDP growth of South Asia is expected to rise from 6.7 percent in 2016 to 6.8 percent in 2017, and 7.1 percent in 2018, according to the report. rmgbdThe economy of Bangladesh, the WB report said, has weathered global uncertainties well aided by strengthening investment and a recovery of exports. For Bangla...

Bangladesh calls Thailand for trade talks

Bangladesh has called on the Thai government to schedule the next meeting of the two countries’ Joint Trade Committee for June, as there remain a wide range of trade issues to discuss, notably high Thai import duties on Bangladeshi products. The JTC was created in the 1990s to enhance bilateral trade. Its last meeting was in Bangkok in 2013, and there many issues that need to be followed up, said Saida Muna Tasneem, the Bangladeshi ambassador. The JTC, which is co-chaired by the commerce ministers of the two countries, was supposed to BD-Thai

ICA joins IFC, others to invest $30m in power plant

IFC, a member of the World Bank Group, has brought in Japanese agency JICA to invest $30m in Sembcorp North-West Power Company, a joint venture of Sembcorp Utilities and Bangladesh‘s state-owned North-West Power Generation Company, that is building a 414MW dual-fuel combined-cycle power plant at Sirajganj, Bangladesh. The plant will significantly expand power-generation capacity in Bangladesh. JICAs $30 million is part of the total financing package of $ 165 million that includes a loan from IFCs own account as well as additional loans mobilized through partners. The total project cost is estimated at around $412 million. JICAs Senior Vice-President Kenichi Tomiyoshi said, “The project is expected to be one of the

ADB for increasing private investment

Vice President of Asian Development Bank (ADB) Wencai Zhang today said Bangladesh needs to take steps to increase private investment for maintaining the present trend of economic growth. “Infrastructure development is imperative for Bangladesh to ensure an investment friendly environment,” said the visiting ADB vice president at a press conference here, reports BSS. He said Bangladesh needs to build developed road connectivity in the country and at the same adb1time it will have to attach importance to develop regional connectivity...

Regional integration to achieve sustainable development

ICC Bangladesh President Mahbubur Rahman briefed the press about the forthcoming Asia-Pacific Business Forum (APBF) 2017 on Thursday 26 January. APBF on will be jointly organized by the International Chamber of Commerce (ICC) Bangladesh and the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) in Dhaka, Bangladesh, on 8-9 February 2017. The Forum will be held under the patronage of the Ministry of Commerce of the Government of Bangladesh. The theme of the 2017 Forum is “Regional Integration to Achieve Sustainable Development” as envisaged by the United Nations’ Sustainable Development Goals (SDGs). The Asia-Pacific Business Forum (APBF) is the flagship regional business event organized by

Export earnings to exceed $ 60b in 2021: Commerce Minister

Four-day long 3 international sourcing trade shows on RMG industry with participation of around 400 companies from more than 24 countries began yesterday (18 January, 2017, Wednesday) at International Convention City, Bashundhara (ICCB) in a bid to making apparel industry more developed. Tofail Ahmed, M.P., Hon’ble Minister for Commerce, Govt. of People’s Republic of Bangladesh inaugurated the three international events as the chief guest. Annisul Huq, Mayor, Dhaka North City Corporation (DNCC) were also present at the event as the Special Guest. In the inaugural ceremony Tofail Ahmed said, Export earning was US$ 14 billion when the
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