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economy

Huawei ‘Seeds for the Future’ winners return

The winners of ‘Huawei Bangladesh Seeds for Future’ event have safely returned to the country after completing a two week long training program in China. [caption id="attachment_19975" align="alignright" width="540"]Seeds for the Future winners return from China Huawei Seeds for the Future winners with their certificates along with high officials of Huawei. The Seeds for the Future winners recently completed a two week training workshop in China and returned to Bangladesh.[/caption] T...

India to bring cooking gas via Bangladesh water route

Indian Oil Corporation (IOC) has taken an initiative to bring cooking gas using water route of neighbouring Bangladesh as the key Assam—Agartala National Highway (NH44) remained blocked for a week due to landslide in Assam. bd-indiaThe IOC has asked the Central government to take up the matter with Bangladesh to arrange for bringing cooking gas from West Bengal via Ashuganj port in Brahmanbaria district of the neighbouring country which is about 50 kms from here. Giridhari Adhikari, Manager of Bishalgarh gas bottling plant, has written to the Princip...

Frontier markets: A second look at Bangladesh

Much has been written over the past few months about Bangladesh and none of it has been very complimentary. So I felt it was time again to revisit that country and see if any progress had been made on the economic front. Initially, I was pleased to read a report on the Asian Development Bank’s website indicating that the economic growth forecast for 2015 is 6.1% and 6.4% in 2016. Those indeed are very good numbers, considering that the main revenue-marketproducing element is the service sector and in particular the textile industry. Recently, however, the...

BD should prioritise Ctg port development

A leading Bangladeshi economist has declared that the country will not be able to emerge as a middle-income country and achieve the $50 billon garment export target without prioritising development of Chittagong, according to media reports in Bangladesh. “We cannot achieve the $50 billon export target without opening and widening a second hub for the sector in Chittagong after its huge growth in Dhaka and its adjoining areas,” said Hossain Zillur Rahman. Rahman made the comments while addressing a roundtable on “realising $50 billion target for Ctg port

WB pledges strong support for BD’s development

World Bank (WB) Vice President for the South Asia Region, Annette Dixon, has pledged strong support for the development of Bangladesh. Dixon praised Monday Bangladesh’s progress in poverty reduction and economic development during her second visit to the country in her current role, Xinghua reported. “The World Bank will continue to support Bangladesh in areas necessary to move up within middle income country status. Bangladesh will need sustained reform efforts for further wbadvancement,” said Dixon. The World Bank classified Bangladesh as a lower-middle cou...

ADB forecasts 6.7pc GDP growth

Bangladesh economy is expected to perform strongly this year, according to the latest figures from the Asian Development Bank (ADB). ADB in its outlook update 2015 forecasted that Bangladesh’s Gross Domestic Product (GDP) growth will be 6.7 percent this fiscal year, up from 6.5 percent in the previous year. adb1“Brisk domestic demand, supported by remittances, public investment and manufacturing for domestic market pulled the economic growth in FY2015,” Kazuhiko Higuchi, country director of ADB, said at a media briefing at the Bank’s Dhaka office today. T...
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