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Traditional country boats nearing extinction

Bangladesh's traditional country boats are on the brink of extinction as after about four decades since independence, Bangladesh has developed a first class road infrastructure linking almost all rural villages under every union parishad, the lowest tier of local government in Bangladesh. The country, which was set target to become a middle income nation by the year 2021, has attached the utmost priority in its infrastructure development. country boatNow Prime Minister Sheikh Hasina's government and her state machine appear particu...

Bangladesh for South Asian free trade deal

Bangladesh Prime Minister Sheikh Hasina Wednesday called for implementing the free trade agreement (FTA) that the Saarc nations signed nearly a decade ago. In her address to the 18th South Asian Association for Regional Cooperation summit here, Hasina underlined the need to implement the South Asian Free SAARCTrade Agreement (Safta), Xinhua reported. The accord was signed by the Saarc member states Jan 6, 2004, at the 12th Saarc Summit in Pakistan’s capital Islamabad. Safta required the developing countries in South Asia—India, Pakist...

Par panel approves bill on Indo-Bangla agreement

A parliamentary panel is learnt to have approved a bill to give effect to the India-Bangladesh Land Boundary Agreement (LBA) recommending that the interests of state governments and the people be kept in mind. The “unanimous” report of the Standing Committee on External Affairs, headed by Congress member Shashi Tharoor, on the Constitution (119th Amendment) Bill, 2013 is likely to be tabled in Rajya Sabha next week, informed sources said. bd-indiaThey said the report has taken into cognisance most issues raised by Trinamool Congr...

Higher GDP growth demands larger FDI: ICC,B

Bangladesh’s economy has maintained a healthy 6%-plus growth rate in past decade, despite global shocks. The country now needs to accelerate GDP growth to over 8% as well as maintain the present remittance growth to become a middle-income country by 2021, according to the editorial of the current ICCB News Bulletin (July-September 2014 issue) of International Chamber of Commerce-Bangladesh released today. Cover ICC News Bulletin FinalSustained growth has generated higher demand for improved infrastruc...

Fenox puts the bang in BD by raising $200m fund

Bangladesh is not the first place you’d think of when talking about startup ecosystems. Their sheer size – a population of 156 million – however makes it the eighth most populous country in the world, and that alone deserves some reckoning. fenoxHere’s why. Despite only 21 percent of its population being internet users, that already makes up roughly 33 million people – not a number to laugh at. Throw in another 114 million mobile phone subscribers, and you’ve got a huge market just waiting to be taken. With 94 percent of its internet users accessin...

Muhith wakes up to soaring bad loans at last

After wasting much valuable time, finance minister AMA Muhith last week inquired about soaring bad loans that rocked several government run banks since 2011 in the backdrop of a series of shady credit scams facilitated by lax monitoring. The finance minister also inquired about raising the lending rates by the banks to depict healthier balance sheets and Bangladesh Bank’s silence over the issue. MuhithIn a directive issued last week, the finance minister asked the bank and financial institution division to let him know about the picture. Cri...
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