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bangladesh

Economy to grow by 6.3pc in current FY- IMF

The Bangladesh economy will grow by 6.3 percent in the current financial year to end-June, the International Monetary Fund said on Monday, lower than the government target of 7 percent. IMF said Bangladesh’s growth is projected to accelerate gradually to 7 percent over the medium term, as public investment is further ramped up and constraints on investment ease, blue economywith private investment also supporting a recovery in private-sector credit. “Provided calm prevails, prudent policies remain in place, and ...

Sumitomo gets order for aviation security equipment

Sumitomo Corporation (head office: Chuo-ku, Tokyo; President and CEO: Kuniharu Nakamura), together with NEC Corporation (‘NEC’; head office: Minato-ku, Tokyo; President: Nobuhiro Endo), NEC Networks & System Integration Corporation (‘NEC Networks & SI’; head office: Bunkyo-ku, Tokyo; President: Masao Wada), Morita Corporation (‘Morita’; head office: Sanda, Hyogo Prefecture; President and Representative Director: Kazumi Ogata), and SANWA COMSYS Engineering Corporation (‘SANWA COMSYS Engineering’; head office: Suginami-ku, Tokyo; biman-300

Clarke Energy to supply GE’s diesel engines for Walton

Walton Group has selected Clarke Energy to supply three of GE’s new 616 diesel engines to generate on-site power at Walton Group’s factory in Gazipur, Bangladesh. The three 2.5-megawatt (MW) engines are the first 616 diesel engines to be deployed in Bangladesh. Clarke Energy is GE’s authorized multi gas and diesel engine distributor in Bangladesh. The three diesel engines are expected to provide more reliable power to support factory production in the face of local power grid instability. The diesel units also will deliver walton

FX reserves slip from record high

Bangladesh's foreign exchange reserves edged down to nearly $27.14 billion by January-end from a record high of $27.49 billion in the previous month, but were up 23 percent from a year earlier, the central bank said on Monday. A senior central bank official attributed the drop in January to a rise in imports; the reserves forexare enough to cover more than seven months of imports. Garment exports and remittances from Bangladeshis working overseas - two mainstay revenue generators - have helped foreign exchange reserves grow s...

Business Festival begins at SUST

A two day long ‘Business festival-2016’ has began  at Shahjalal University of Science and Technology (SUST) campus yesterday(Sunday). Department of Business Administration was arranged the festival with the slogan of ‘let’s learn outside campus’. A colorful procession was brought out in the campus yesterday in this connection at the first sustday of the program.  Later, some outdoor and indoor game competition was held in the campus as a part of the events. Head of the department Professor Dr Nazrul Islam, Convener of the festi...

39 dead as migrant boat capsizes off Turkey

At least 39 migrants, including several children, have drowned trying to cross the Aegean Sea from Turkey to Greece, coastguards say. More than 60 have been rescued from the sea near the Turkish resort of Ayvacik. Local officials say they expect the death toll to rise when the capsized boat is searched. Thousands of refugees and migrants continue to make the dangerous sea journey from Turkey to Greece to seek asylum in northern Europe. [caption id="attachment_21633" align="alignleft" width="540"]turkey-1wb_0 Turkish...
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