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Bangladesh potential manufacturing centre in Asia:Unctad  

Secretary General of United Nations Conference on Trade and Development (Unctad) Dr Mukhisa Kituyi has said Bangladesh is an increasingly attractive destination for foreign direct investment (FDI). He said the Investment Policy Review (IPR) reflects the desire of Bangladesh to build a successful investment framework and policy environment that attracts not only foreign investors, but also promotes domestic private sector development. “This will contribute to positioning the country as an important manufacturing centre in Asia,” said Dr Kituyi in the sixth session of the Investment, Enterprise and Development Commission of Unctad held in Geneva recently, according to message received here on Friday. <...

German-Bangladesh consultation from May 7 to review projects

The two-day biennial German-Bangladesh consultation, 2014 will be held in the capital on May 7-8 to review the implementation of the existing German-funded projects in Bangladesh as well as their possible future funding. “The two-day consultation will focus on review of the German-funded projects as well as future funding by Germany…representatives of the line ministries will attend the meeting,” Economic Relations Division Additional Secretary Abul Mansur Md Faizullah told the news media UNB. bd-zermanThe consultation will take place at the NEC-II...

GDP to be lower than 6pc 

Experts blamed political unrest and uncertainty surrounding elections held in January for economic slowdown in Bangladesh. As predicted by International Monetary Fund (IMF), Gross Domestic Product (GDP) of Bangladesh this year is to be a little over five percent, lower than the six percent GDP last year. Dr.-Hossain-Zillur-RahmanApart from the political instability, investment stagnation and reduced remittance inflows are also quoted as major cause of slowdown. As per Bangladesh Bank, remittance flow has di...

May Day observed with solemnity    

The historic May Day has been observed in the country on Thursday as elsewhere across the world with a fresh vow to establish the rights of workers. The May Day, also known as International Workers’ Solidarity Day, commemorates the historic uprising of working people in Chicago, USA, at the height of a prolonged fight for an eight-hour workday. The day is a public holiday. may_dayOn the occasion, the Labour and Employment Ministry brought out a rally around 7am from Shram Bhaban, which ended in front of the Jatiya Press Club after parading...

Compliance not possible without factory relocation   

Stating that ensuring the compliance is not possible without the relocation of poorly-equipped factories, business leaders at a meeting here on Wednesday suggested the government set up an industrial zone with all utility services either near Chittagong or Dhaka for shifting the RMG factories. “Many of our garment factories are now facing difficulties in ensuring compliance. It’s not possible to ensure that in all factories with the existing infrastructures. The government can set up an industrial zone either near Chittagong or Dhaka where there are gas, power and other facilities to relocate the factories so that they can ensure the compliance,” said former FBCCI president Anisul Haq.

BD’s foreign, domestic policies influenced by India: US    

While appreciating Bangladesh’s counterterrorism efforts as there had been no major terrorist incidents in 2013,  the United States in its ‘Country Reports on Terrorism 2013’ says the country’s foreign and domestic policies are heavily influenced by the region’s major powers, particularly India. “In past years, the India-Bangladesh relationship has provided openings for transnational threats, but the current government has demonstrated its interest in regional cooperation on counterterrorism” says the report released on Wednesday. Lauding its counterterrorism measures, the report says, “The (Bangladesh) government’s ongoing counterterrorism efforts have made it more difficult for transnational terrorists to operate in or use Bangladesh territory.”
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