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Govt prioritizes low cost mass housing

The Minister of Housing and Public Works has seen a fast changing Bangladesh reach new heights in development, as he aims to create 100,000 new apartments in Dhaka by then end of the government’s term. Before we start talking about the housing sector, I want to talk to you as a member of this Cabinet, as a member of this Government. housingAs you were saying before, you fought for the independence of the country. The Father of the Nation has said “I’ve given you the independence, now go and preserve it”. Did you ever dream, back in 1971, that B...

ECNEC approves Tk 6.6b submarine cable project

The Executive Committee of the National Economic Council (ECNEC) approved the ‘Regional Submarine Telecommunication Project’ worth Tk 6.6 billion, aiming to connect Bangladesh with the 2nd submarine cable to meet the growing demand of bandwidth. acnec_1-450x225The approval came from the 27th ECNEC meeting of the current fiscal year held at the NEC conference room on Tuesday. Prime Minister Sheikh Hasina chaired the meeting in the city’s Sher-e-Bangla Nagar alongside the ECNEC chairperson, Finance Minister A...

New rules to provide welfare fund for garment workers

Following negotiations and discussions with Bangladesh’s garment workers and officials of the Bangladesh Garment Manufacturers and Exporters Association, the country’s government has finalized rules to establish a new labor welfare fund. “Garment factory owners will give 0.03 per cent of their total export earnings, which rmgwould be approximately $8 million per year, to the Bangladesh Labor Welfare Foundation, “ Shahidullah Azim, vice president of the Bangladesh Garment Manufacturers and Exporters Association, told WWD. “The money will be used for the w...

ICT industry: A boon for women’s employment

Bangladesh has made strong strides in accelerating growth over the last decades. However, the country needs to grow around 8% yearly to reach middle income status. Innovation and use of Information Communication Technology (ICT) can help end poverty and boost shared prosperity. The World Bank, in partnership with Microsoft, organized a two-day ‘Innovation for Impact” workshop to support local ict women 2Non-Government Organizations (NGOs) in integrating ICT into their work, which in turn would help these NGOs create jobs, especially for wo...

10pc tax slapped on rice import: Muhith

Finance Minister AMA Muhith today (Sunday) said the government has decided to impose 10 percent tax on rice import. muhith-3The minister made the disclosure at a pre-budget meeting with the chairmenof different parliamentary standing committees at the National Economic Council Auditorium in Dhaka this afternoon. Muhith said the decision was made for the sake of the country’s farmers. The minister also informed that the decision will take effect today.

- Star Online Report

New strategy of economic power competition

In the Asia Pacific Region, the US and China are having direct contacts through their territorial proximity (Guam) and the deployment of their various national military, naval and air assets. The emerging strategic and economic asymmetry in the US-China relationship will first manifest them in the Asia-Pacific Region. China’s strategy of competing with the U.S. in global finance and investment seems both prudent and shrewd, according to the editorial of the current ICCB News Bulletin of International Chamber of Commerce-Bangladesh released today (10 May 2015). China-USA
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