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Textile chemicals market forecast and opportunities, 2019

The textile chemicals market in Bangladesh is projected to grow at a CAGR of 6.9% during 2014-19, according to the recent announcement by Research and Markets’ in the addition of the "Bangladesh Textile Chemicals Market Forecast and Opportunities, 2019". textile chemicalThe country is witnessing significant investments in the textile market from all across the globe, primarily from China and India. The textile chemicals market is expected to witness healthy growth due to continuously increasing demand for Bangladeshi textiles and readyma...

EIB to provide 100m Euro for water supply project

The European Investment Bank (EIB) has decided to lend Euro 100 million to the government of Bangladesh to finance a new sustainable surface water supply system in Dhaka. The financing contract was signed here on Monday. This is the second lending operation to the public sector in the country, the first one being the Euro 82 million in support of more efficient power generation was signed in November 2013. eibThe EIB is granting this loan under the current lending mandate for Asia and Latin America (ALA IV), which enables it to support investment des...

ADB loans to tackle menace of river erosion

The Asian Development Bank (ADB) will fund state-of-the-art riverbank protection measures in Bangladesh to prevent land erosion, which is destroying livelihoods and costing the economy an estimated $250 million a year. An ADB multitranche loan financing facility of $255 million will help put in place riverbank protection structures and embankments along vulnerable portions of the Jamuna, Padma, and Ganges rivers—the country’s main waterways. adb-logoLow-lying Bangladesh is one of the most vulnerable countries in the world to floods and erosion, with u...

TIB denounce opportunity given to whiten black money

The Transparency International Bangladesh (TIB) has voiced concern over the opportunity given in the just passed Finance Bill to whiten black money by investing in the housing sector. tib In a statement on Sunday, TIB executive director Dr Iftekharuzzaman said it has now become clear that the government’s policy-structure has been gripped by graft due to continuation of the scope of whitening black money, reports UNB. He said that despite the finance minister’s and the MPs’ open stand against the unethical provision, the scope of whitening black money contin...

Ramadan begins amid soaring prices

Ramadan, the ninth month in the Islamic lunar calendar in which Muslims are meant to fast from dawn to dusk, begins on Monday amid the soaring prices of essentials. Ramadan is a said to be the time of restraint and austerity, and also a time for inner reflection, devotion to the Almighty Allah and self-control. RamadanDuring the month, all government, semi-government and autonomous and semi-autonomous organisations will follow a new office from Monday as announced by the government. All these offices will remain open from 9:00am to 3:30pm ...

2014-15 budget passed

The Jatiya Sangsad today passed the Tk 250,506 crore national budget for the 2014-15 fiscal year keeping the scope for whitening black money. The budget is the first fiscal plan of the Awami League- led grand alliance government that assumed in power through January 5 one-sided elections, reports the Daily Star. The budget was proposed at the parliament by Finance Minister AMA Muhith on June 5. sangsad bhabanThe House also adopted the Appropriation Bill-2014, piloted by the finance minister. The bill was passed by voice vote today. ...
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