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External trade openness crucial for growth: Atiur

Bangladesh Bank governor Dr. Atiur Rahman on Tuesday underlined the need for openness for growth in the regional and global trade. He was speaking at the inaugural session of “the SAARCFINANCE seminar on Management of external sector openness-South Asian country experiences”. Atiur said external trade openness frees up efficient domestic producers from demand limitations of the local markets. SAARCFINANCE Cell and Bangladesh Bank jointly organised the seminar with Abu Hena Mohd Razee Hassan in the chair, reports UNB. dr. atiurThe sem...

Poll unrest deals economic blow  

The country’s economy lost Tk. 108.5 billion ($1.4 billion) during the violent run-up to the January 5th general election, according to the World Bank. The service sector represented 86% of losses, followed by 11% in industry and the rest in agriculture, due to the political turmoil and uncertainty during 2013’s last quarter, the bank reported in its “Bangladesh Development Update”, released April 9th. violance BDThe loss equals nearly half the total estimated cost of Tk. 226 billion ($2.92 billion) to build the ...

PM urges for including migration issue in post- 2015 dev. Agenda    

Prime Minister Sheikh Hasina has urged the world leaders to include the migration issue in the post-2015 development agenda with due importance and view every migrant as a ‘human person’ instead of only a factor of production. “It is crucial that we all view every migrant as a human person - not just as an ‘element of economic activity or production’. They must enjoy all rights - as every other person,” she said. It’s a growing need for social protection for migrants and members of their families in the countries like Bangladesh, exposed to climate change and facing some acute challenges, while safeguarding lives and livelihoods of millions of people, she said.

BD seeks special tariff benefit in US market          

Bangladesh on Monday sought a preferential treatment on Bangladeshi products to the US market like Sub-Saharan African and Caribbean countries considering its extreme ‘vulnerability’ due to climate change. Bangladesh also demanded duty- and quota-free access to the US market under ‘Bali Package’ as the US imposes high tariff on Bangladeshi products. ticfa-usCommerce Secretary Mahbub Ahmed said this at a joint press conference after the first-ever meeting of Trade and Investment Cooperation Forum Agreement (Ticfa) between Dhaka and Washington at Sonarg...

NDA will send Bangladeshis back: Modi    

BJP’s prime ministerial candidate Narendra Modi on Sunday threatened to deport Bangladeshi immigrants if NDA comes to power, saying they were being welcomed with red carpets for vote bank politics. “I want to warn from here, brothers and sisters write down, that after May 16,  beyond the border with their bags and baggage,” Modi said alleging that Trinamool Congress supremo Mamata Banerjee was pursuing vote bank politics. modi“You are spreading the red carpet for the Bangladeshis for the sake of vote bank politics,” he said in this largely mixed co...

Bicycle export misses target  

The export of bicycle has increased by 7.12 per cent—some 4.31 per cent less than the target—during the first three quarters of the current fiscal year (FY), 2013-14. The market players said the export of bicycle did not grow as much as expected due to annulment of incentives on its export, an increase in its demand in the local market and financial meltdown in the European Union (EU) countries. Despite addition of two big players to the market --- PRAN-RFL and Sri Lankan Firefox Bicycle --- the export of the item did not increase substantially, reports the Financial Express.
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