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Bangladesh Budget: Lofty goals, fragile base

Daily Star;  June 08, 2018 Lofty goals, fragile base Muhith unwraps yet another fat budget, hopes for a magical turnaround amid poor implementation record Inam Ahmed and Shakhawat Liton It looks like another repeat story. We had a big budget that failed to achieve its targets. Now we are pushing for a bigger one with […]

Pitch-perfect budget for an election year?  Ibrahim Hossain Ovi  Published at 01:17 am June 7th, 2018  Last updated at 03:50 am June 7th, 2018 Ten years. Ten budgets in a row. And this one – four times larger than the first Awami League post-1/11 budget – is the finance minister’s most ambitious, and may be […]

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Bangladesh Bets on Connectivity for Its Next Economic Leap By Charu Sudan Kasturi • MAY 04 2018 Why you should care Because Bangladesh aims to be the connectivity link between South and East Asia. Bangladesh 164,669,751Population BengaliSpoken Language $4,207GDP Per Capita DhakaCapital City Firecrackers lit the March sky over Dhaka as Bangladesh savored the U.N. […]

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Bangladesh faces major food-security challenges Updated:Mar 9, 2018 By Minhazur Rahman Rezvi Agriculture is essential for food security in two ways; it produces food for people to eat and it provides sources of livelihood for 36% of the world’s total workforce. In Bangladesh, almost half the population depends on agriculture for their livelihood. Agriculture is […]

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Industries minister Amir Hossain Amu inaugurates the ground breaking ceremony of a motorcycle manufacturing plant of Japanese Honda Motor Company at privately-owned Abdul Monem Economic Zone at Gazaria in Munshiganj on Sunday. — New Age photo Industries minister Amir Hossain Amu on Sunday laid the foundation stone of a motorcycle manufacturing plant of Japanese Honda […]

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Buoyed by higher shipments of apparel items, Bangladesh’s exports to the UK are on the rise although British consumers have been hit hard by rising inflation amid Brexit pressure. The UK’s key inflation rate hit its highest for more than five years in September, driven up by increases in transport and food prices. The Consumer […]

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Bangladesh needs to increase allocation for infrastructure development by more than 3.5 times from its current annual spending of $3.5 billion if it wants to benefit from regional and international connectivity, experts said yesterday. The idea that only the government should develop and maintain the infrastructure needs to be changed. “The private sector should also […]

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Accord on Fire and Building Safety, the legally binding initiative to ensure safe workplaces for readymade garment factory workers, will continue beyond its May 2018 deadline as the local regulatory body is not ready yet in Bangladesh. It said on Thursday that it would continue operations until the local regulatory body demonstrated ‘full capacity to […]

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About 92.50 percent of the people in Bangladesh are using mobile phones, indicating the breakneck speed at which the country is nearing the Digital Bangladesh goals. Some 95.90 percent of the people in urban areas are using mobile phones and 91.20 percent in rural areas, according to the Household Income and Expenditure Survey 2016, which […]

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In a rare move the government on Wednesday approved a proposal that would enable Akij Group to invest $20 million in Malaysia. The cabinet committee on economic affairs on the day at a meeting, presided over by finance minister AMA Muhith, approved the proposal put forward by the Financial Institutions Division to open the overseas […]

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The Asian Development Bank (ADB) has passed a $1.2 billion financing scheme for the second phase upgradation of the Dhaka-Northwest international trade corridor in Bangladesh. “Bangladesh has good prospects of becoming a regional trade hub, if the country’s transport infrastructure can be improved to bring down transport costs and make the sector more competitive,” Dong […]

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The prices of onion increased by more than 50 per cent within a month and it was retailing at Tk 65-Tk 75 a kilogram in the city markets due to off-season supply shortage in the country and the main import market in India. Traders said that prices of onion increased by Tk 10 a kg […]

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