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Bangladesh

Foreign aid utilisation hits record low

Utilisation of foreign aid has hit a record low in the current fiscal year because of the stagnation in development activities amid political unrest due to conflict between the ruling party and opposition over holding the general elections. Finance ministry officials said only 11 per cent of total foreign aid disbursed until October was utilised, seven per cent lower than the same period of the last fiscal year. remmitanceThe trend is the lowest in recent past as utlisation rate o...

GDP growth may decline to 5.65pc: Unnayan Onneshan

The real rate of growth in GDP in the current fiscal year may decline to 5.65 percent against the government’s target of 7.2 percent, predicts Unnayan Onneshan, an independent multidisciplinary think-tank. The research organisation’s half-yearly assessment of the economy, coinciding with the end of the calendar year and the completion of the tenure of the present government, also states that the growth in GDP may fall below the decadal average of six percent due to fiscal and monetary management trap, functioned by lack of policy farsightedness and political contestations. Unnayan-Onnesh... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

Govt okays $85.5m foreign loan for 12 private projects

The government has approved $85.5 million foreign loan for 12 private projects including power, textile, telecom and pharmaceuticals. The Board of Investment Scrutiny Committee for approval of private sector foreign borrowing cleared the loan at its 81st meeting on Tuesday. boiThe meeting was presided over by Dr Atiur Rahman, Governor, Bangladesh Bank and Convenor of the committee, while the committee members including representatives of the Prime Minister's office, Ministry of Finance, Ministry of Comm...

RMG Bangladesh: Unraveling at the seams

All good things have a way of coming to an end-an unpleasant reality that Bangladeshi RMG players might soon be coming face to face with. The illustrious rise of the Bangladeshi textile profile is a case study in itself. The boom has contributed greatly to the country’s economic development; having created millions of jobs and helping drive down the country’s poverty rate. Bangladesh-rmg-workerBut, in recent years, the rapid change has also created new probl...

Bangladesh finalises deals with China for 2 submarines

Bangladesh has finalised a deal to buy two submarines from China as part of its plans to develop a three-dimensional navy, according to a media report today. The two Ming-class submarines are expected to strengthen the navy's ability to protect maritime resources and territorial waters, the New Age newspaper quoted unidentified officials as saying. "The state-to-state deal would cost Bangladesh Taka 1,600 crore or USD 203.3 million to procure the two Ming-class submarines," the report said. submarine

India reviews border security along Bangladesh

Indian Border Security Force (BSF) Director General Subhash Joshi Thursday inspected the India-Bangladesh border in Tripura, as New Delhi beefed up security along the border with turmoil-stricken Bangladesh, officials here said. “The BSF DG has directed all senior officials to closely monitor and review security along India’s border with Bangladesh,” a senior BSF official told reporters. Indian BSF personnel patrol a stretch of the India-Bangladesh border on the outskirts of Agartala
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