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regulators

BB to mobilise $ 7bn for infrastructure

Bangladesh Bank plans to mobilise up to $7.0 billion to develop the country’s infrastructure and boost economic growth, its governor said on Sunday. The bank would help reach that sum by establishing a sovereign wealth fund, issuing bonds and selling dollars from its reserves to designated banks and financial institutions, Governor Atiur Rahman told Reuters. “It is possible to mobilise the fund for development of the infrastructure to accelerate economic growth to 8 percent from the present 6.5 percent, aiming to becoming a middle-bbincome country by 2021,” he...

Govt wants to invest $ 8b in infrastructure

Government wants to invest $8 billion over the next few years in infrastructure to improve the economy and sought help from private sector to share the cost which the government could not bear alone. S A Samad, the executive chairman of the state run Board of Investment (BOI) highlighted the figure while meeting with business leaders from bilateral foreign chambers of commerce in Bangladesh. [caption id="attachment_19869" align="alignright" width="644"]s1.reutersmedia.net Bangladeshi children play on concrete pipes beside a road in Dha...

Entrepreneurs keep economic wheel rolling on: Com Secy

Mr. Hedayetullah Al Mamoon, ndc, Senior Secretary, Ministry of Commerce appreciated the contribution of the entrepreneurs to keep country’s economic wheel rolling on, which he mentioned very important to achieve our national objective of transforming Bangladesh into a developed country by 2041. He said, since its inception IBFB has been playing a vital role in the development of business community and economy of the country. [caption id="attachment_19783" align="alignright" width="540"]ibfb Mr. David Meale, Chargé d'affaires, Dhaka U.S. Embassy addressing the inaugurati...

Lack of a Bangladesh sovereign bond

Bangladesh has a good story to tell foreign investors, but the lack of a sovereign bond is preventing the country from putting itself on the map. Its capital markets are open to both inflows and outflows. There are no restrictions on repatriating capital or dividends. The taka is stable, government debt is low, its global credit ratings are stable, and the local-currency bond market offers attractive yields: 7.2% for the government two-year bond and 8.4% for the 10-year. But these markets are also small. The bond market is only $18 billion, or about 10% of the bb<...

Bangladesh exports rise 4.7 percent

Bangladesh's income from exports in the first two months of the 2015-16 fiscal grew 4.71 percent to nearly $5.38 billion, an official said on Wednesday. export-importThe south Asian nation earned a total of $5.38 billion from exports during July-August of 2015-16 fiscal compared to $5.14 billion in the same period of the previous year, Xinhua quoted the Export Promotion Bureau (EPB) official as saying. The official said export performance for August was $2.76 billion -- 27.73 percent higher than that in the same month a year ago. Overal...

Tower business should be given to third party: HT Imam

The Political Advisor to Prime Minister Sheikh Hasina HT Imam  today said that he will actively press for policy reformation for the co-location facility of the towers of the mobile operators. "It will free the operators from being bogged down with the construction and maintenance of the mobile towers. Once they are free of those, they can concentrate on their services", said Imam while delivering his speech as the chief guest during the inauguration of International Infrastructure Summit organized by Edotco Bangladesh Ltd at a city hotel. Press Photo 2
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