Bangladesh lacks push India’s textile exports to US up
India’s textile and garment exports to the US are up a sharp 6 per cent in the first four months of 2014, the growth being largely attributed to a dip in shipments from Bangladesh in the wake of heightened safety compliance from global buyers after last year’s tragic collapse of the Rana Plaza garment factory building in Dhaka.
While a slowdown in Chinese supplies is a factor that has continued to help India as well as Vietnam in claiming the top two slots in terms of the rate of growth in shipments to the US, this has been at the cost of a perceptible dip in the export growth of Bangladesh — a very strong player in the garments segment — during the period (-0.21 per cent).
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BD has potential to achieve higher inclusive growth: IMF
The International Monetary Fund (IMF) on Wednesday said Bangladesh has a vibrant economy and strong potential to achieve a higher and sustained inclusive growth.
“Realising this potential will require safeguarding macroeconomic stability; further strengthening the financial sector, business climate and labour conditions,” said IMF Deputy Managing Director Naoyuki Shinohara in a statement at the conclusion of his two-day visit to Bangladesh.
He also laid emphasis on building a fiscal space to increase the level and quality of spending on health, ed...
He also laid emphasis on building a fiscal space to increase the level and quality of spending on health, ed...
Bangladesh receives $ 78.4m to install more solar systems
The Bangladesh government Tuesday signed a $78.4 million additional financing to further scale-up support for the successful solar home systems (SHS) program of Bangladesh.
The credit for the additional financing to the Bangladesh Rural Electrification and Renewable Energy Development II (RERED II) Project is from the International Development Association (IDA), the World Bank Group’s soft loan arm. The project will help install an additional 480,000 solar home systems that has emerged as a viable electrification option for areas without grid access to electricity.
Not many Bangladeshis going to India: Khaleda
BNP Chairperson Khaleda Zia has said she does not think that many Bangladeshis go to India, as they are doing well in the country.
“Nobody has given any clear proof that there are illegal immigrants from Bangladesh in India,” Khaleda said in an interview with the Indian Express on Sunday.
She was replying to a question on Narendra Modi-led Indian government’s stance on the illegal immigration in India.
Terming Modi’s invitation to Saarc leaders at his oath-taking ceremony a ‘welcome initiative’, the BNP chief said “It...
She was replying to a question on Narendra Modi-led Indian government’s stance on the illegal immigration in India.
Terming Modi’s invitation to Saarc leaders at his oath-taking ceremony a ‘welcome initiative’, the BNP chief said “It...
Saree diplomacy between India and Bangladesh
It is time for saree diplomacy in the South Asian region. What started of as a one –off affair a month ago between India and Pakistan, has now reached Dhaka marking the first stand alone foreign visit of Sushma Swaraj, the Indian External Affairs Minister.
Former premier Khaleda Zia presented two Jamdani sarees to Swaraj at her 30-minute meeting (one of the sarees was a gift for the visiting minister’s daughter) on Friday. The Indian officials have described the Zia-Swaraj meeting as Delhi’s effort to reach out to all sections of Bangladesh society. .
On Thursday the Indian minister met Prime Minister Sheik Hasina and presented a cream-coloured saree. In return Hasina gifted her famous Bangladeshi Jamdani saree.
Govt to bring back money sent abroad
Prime Minister Sheikh Hasina yesterday said her government would take steps to bring back money deposited with Swiss banks by some Bangladeshis.
Referring to recent media reports about deposition of money into Swiss bank accounts by Bangladeshis, she noted, “We've already taken initiatives to get the list of the depositors. We'll also take steps to know the amount of deposits and bring the money back.”
She was speaking at a rally at the capital's Suhrawardy Udyan in the afternoon marking the Awami League's 65th founding anniversary, reports the Daily Star.
