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regulators

Green light for Indo-Bangla cross-border pact

Cargo movement be ween the city and Agartala turned seamless on Sunday with the introduction of the regional free trade agreement -the Bangladesh-Bhu an-India-Nepal (BBIN) Motor Vehicles Agreement. The first truck, which was flagged off from Nabanna, would pass through Bangladesh and travel just 640 kms, instead of he usual 1550kms route, to reach Agartala in less than half the time t would take earlier. bd-indiaThe agreement, signed on June 15, 2015, means transshipment of cargo wouldn’t be required at nternational borders and vehicles of each country ...

Doing business in Bangladesh slips 2 notches

Getting electricity, registering property and enforcing contracts are the worst issues in doing business in Bangladesh, according to the World Bank’s ranking. Its latest report on doing business has placed Bangladesh at 174th position among 189 economies around the world. The country is at the bottom in accessing electricity (189th) and enforcing contract (188th) and also ranks poorly at 185th position in registering property, said the global agency’s “Doing Business-DirectoryBusiness 2...

BB signs MoU with RBI on information exchange

Bangladesh Bank (BB) has signed a memorandum of understanding (MoU) with the Reserve Bank of India (RBI) for exchange of supervisory information. “The Reserve Bank of India, today, signed the Memorandum of Understanding (MoU) on bbSupervisory Cooperation and Exchange of Supervisory Information with the Bangladesh Bank, Peoples Republic of Bangladesh,” RBI said in a release. RBI has entered into Memorandam of Understanding, Letter for Supervisory Co-operation and Statement of Co-operation with supervisors of a few countries to promote greater cooperation and sha...

NEC approves new five-year development plan

The highest economic policy-making body of Bangladesh Tuesday approved a new five-year plan with the theme “Accelerating Growth, Empowering Citizens”. Bangladesh’s 7th five-year plan was approved at a meeting of the country’s National Economic Council with Prime Minister Sheikh Hasina in the chair on Tuesday here in the capital of Dhaka, Xinhua reported. gov1Bangladesh’s Planning Minister AHM Mustafa Kamal told journalists after the meeting that the new plan, which starts in the 2015-16 fiscal year (July 2015-June 2016) and ends in 2019-20 (July ...

No loans for packaging sans using jute sacks

Producers and traders of six essential goods will not get loans from bank if they fail to use jute sacks as directed by the government, Bangladesh Bank (BB) said today. The central bank in a circular said before approving fresh loan or renew the existing ones all bbbanks should make sure that their clients who produce or trade paddy, rice, sugar, wheat, maze and fertilizers use jute sacks for packaging. BB said that the directive was issued in-line with the government's decision of making use of jute sacks and bags mandatory to package paddy, rice, sugar, wheat...

WB to scale up funding in Bangladesh

The World Bank (WB) most likely will scale up its funding to Bangladesh, with pleading new financing commitments amounting to $1.9 billion for the current 2015-16 financial year (FY16). Referring to a meeting between finance minister Abul Maal Abdul Muhith and WB senior vice wbpresident Kyle Peters, the multi-donor agency in a press release issued here today (Sunday) said the agenda of the meeting included discussion on the WB's growing portfolio in Bangladesh. The meeting was held on the sidelines of the IMF-WB annual meeting held in Lima, Peru on Saturday where...
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