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BD demonstrates coping with climate change

If global warming carries on without action Bangladesh could disappear with one third of the country already less than 3 metres above sea level as cyclones and flooding will become more devastating. But Bangladeshis refuse to be helpless victims. At home they are raising the land to match sea level rise and already saving thousands of lives with improved cyclone defences. And this week in Marrakech, Morocco, they will be taking a leading role in the CoP 22 climate change negotiations – trying to limit global warming to 1.5 degrees to halt sea level rise, and pushing for compensation for the damage already done by industrial country emissions.

July-October exports up

Boosted by ready-made clothing sales, Bangladesh's total goods export income in the first four months of the current fiscal (July 2016-June 2017) grew about 7 percent year-on-year to nearly $11 billion, an official said on Monday. The Export Promotion Bureau (EPB) official told Xinhua news agency that the country fetched a rmgtotal of $10,791.65 million from exports during July-October compared to $10,130.49 million in the same period a year ago. Bangladesh shipped goods worth $2.71 billion in October, the 4th month of the current...

Remittance on the decline

Remittance’s slide continues for the third straight month in Bangladesh, after the month of October saw receipts decline 8.18 per cent year-on-year to $1.01 billion. Migrant workers sent home $4.26bn in the first four months of the fiscal year, down 17.31pc year-on-year. The decline in oil price, which dropped to its historic low in January this year from its historic forexhigh in the middle of 2014, affected incomes in the Gulf Cooperation Council economies, weakening the demand for migrant workers. The bonus and overtime...

Govt sets goal $ 5b in 2021 from leather industry: Tofail

The government has set a goal to export five billion US dollars from the leather and leather goods industry under Vision 2021 which marks the 50 year anniversary of independence. Commerce Minister Tofail Ahmed, MP, disclosed this in a three-day long international exhibition inauguration ceremony titled ‘Leathertech Bangladesh-2016’ held in city’s International Convention City, Bashundhara Wednesday. The Commerce Minister said, “Government expects to export 60 billion dollar in 2021 from image-2which Readymade garments sec...

Investment opportunities in Infrastructure Development

Bangladesh economy is moving on a stable path, despite external and internal challenges. With positive near-term macroeconomic outlook, declining inflation, rising reserve, contained fiscal deficit and stable public debt, which indicates brighter prospects. The country is among the top 12 developing countries, who achieved 6 plus percent growth in 2016. According to experts by any standards, Bangladesh economy is doing well and expected to achieve above 7% GDP this fiscal, according to the editorial of the current News Bulletin ((July-September 2016 issue) of International Chamber of Commerce-Bangladesh (ICCB) released today. The key challenges for Bangladesh in FY 16 were acceleration of private investments and the better use of public sector resources to implement important infrast...

4cr people remain food insecure in Bangladesh

Bangladesh’s four crore people have remained food insecure although the country has achieved food sufficiency and improved access to food, according to the World Food Programme (WFP). In its Strategic Review of Food Security and Nutrition in Bangladesh, the UN agency said an alarmingly large number of people still remain food insecure and hungry: one-quarter of the population was food insecure in 2014, which amounts to 40 million people. Among them, some 11 million people were found to suffer from acute hunger. Even larger numbers remain vulnerable to food insecurity in the face of periodic shocks.
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