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China to help Bangladesh exploit Bay of Bengal

China yesterday offered to cooperate in the maritime and blue economy sector in Bangladesh and proposed to constitute a ‘Working Group’ in the Ministry of Commerce of China to work on the technical areas. Visiting Chinese Commerce Minister Gao Hucheng came up with the response when Bangladesh Foreign Minister AH Mahmood Ali sought Chinese government cooperation in setting up of the first ever ‘Marine Aquarium’ in Bangladesh at the National Oceanographic Research Institute bangladesh-and-china-flag(NORI) in Cox’s Bazar...

Income disparity despite economic success

Bangladesh has made great strides in expanding economic growth, extending life expectancy and cutting extreme poverty and illiteracy, yet experts warn that income disparity remains a key problem requiring urgent attention. For a first-time visitor to Dhaka, it’s hard to escape the sight of shiny imported cars jockeying for space with buses, trucks, three wheelers and other vehicles that clog the streets of the Bangladeshi capital. [caption id="attachment_19244" align="alignright" width="622"]farmers Bangladeshi farmers harvest rice on the outskirts of Dhaka, Ma...

Atiur urges environ friendly trade practices in SAARC

Bangladesh Bank Governor Dr. Atiur Rahman said the need of the hour is to develop socially inclusive, sustainable and environmental-friendly trade practices even as SAARC countries aim for financial integration in the region. In his special address at a roundtable on ‘SAARC Financial Integration: Progress and Prospects’ at the two-day banking conference FIBAC 2015 on Tuesday, jointly organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Banks’ Association (IBA) with Boston Consulting Group (BCG) as knowledge partners, Dr. Rahman said that the trade amongst SAARC nations is way below the desired figures. [caption id="attachment_19218" align="alignright" width="650"]

Russian copters with Russian credit

Russia would supply six Mil Mi-171Sh military and transport helicopters and one Mi-171E rotocraft to Bangladesh. The supply is a part of an agreement signed in April 2015, Russia’s Tass news agency reported. Rosoboronexport also said that it would provide the Asian country a loan of $1 billion so that it could buy the helicopters. [caption id="attachment_19211" align="alignright" width="650"]putin Russian President Putin looks on as the head of Rosoboronexport Chemezov and Hindustan Aeronautics Limited’s CEO Baweja sign an agreement at MAKS-2005 international air sh...

BB plans $2-bln funding for infrastructure

Bangladesh Bank said recently that it planned to provide funds of $2 billion to develop the country’s infrastructure, in hopes of spurring economic growth. Poor infrastructure is often cited as one of the major hindrances to growth in the South Asian bbcountry. “We may provide up to $2 billion from our $26 billion foreign-exchange reserve to the proposed sovereign wealth fund to develop infrastructure facilities across the country,” said Atiur Rahman, the governor of Bangladesh Bank. Bangladesh’s foreign exchange reserves hit a record $26.06 billion on Mond...

1st UN funds for Bangladesh solar home systems

Bangladesh was in news on August 20, 2015 as it received 3.56 million US Dollar Carbon Credit from UN Framework Convention for Climate Change (UNFCCC) for its fast growing solar home systems. With this, Bangladesh became the first country to receive funds from UN for solar home systems. Some other countries such as Senegal and India are in line to get the fund. Solar home systems are helping Bangladesh cut carbon emissions by reducing use of kerosene in rural areas. solar homeThe fund has been given to two Bangladeshi organisations named Infrastru...
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