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A U.S. threat to withdraw trade preferences will harm labor progress. Bangladesh has faced a military dictatorship and Islamist threats in the last decade, yet its economy keeps growing at 6% a year. That’s no small feat, and much credit goes to its garment exporters, who are even starting to edge out Chinese manufacturers. But […]

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(Reuters) – Bangladesh will import 250 megawatt-hours (MWh) a day of electricity from India starting in August, the two countries said in a joint statement, to help meet demand while power plants are under construction. A grid interconnection between Bheramara in Bangladesh and Baharampur in India will be completed by the end of July this […]

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FE Report Direct marine connectivity could help strengthen bilateral trade and investment between Bangladesh and Sri Lanka, said President of Dhaka Chamber of Commerce and Industry (DCCI) Md Sabur Khan Sunday. “Direct marine connectivity between Chittagong and Mongla with Colombo as well as Trincomalee in Sri Lanka will surely boost the bilateral trade and investment […]

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Reduced import costs brought down the country’s net trade deficit by 35 percent in the first six months of the current 2012-13 fiscal, relative to the previous financial year, though economists do not see as a positive trend. The reduction is contribution of decrease in the import of capital machinery and industrial raw materials, implying […]

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A cheque of $50 million was handed over to Prime Minister Sheikh Hasina by Indian External Affairs minister Salman Khurshid on Sunday as the first instalment of the $200 million grant by India. Prime Minister’s press secretary Abul Kalam Azad said the cheque was handed over by Mr Khurshid when he met the Prime Minister […]

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Shahana Bilkis Shipbuilding has of late emerged as an important sector in the Bangladesh economy. All inland and coastal ships are now manufactured in Bangladeshi shipyards. The government has declared shipping industry as one of the driving forces of our economy. The government’s move aims at developing the shipbuilding sector to its full scale so […]

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The USDA has made four upward revisions to the 2012-13 rice production forecast this month. Bangladesh’s rice production this year is now expected to reach about 34 million tons, up about 200,000 tons from the previous month’s forecast, mainly due to improvement in yield. Rice production forecast for Nepal has also been increased by about […]

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Could the UN have met its first Millennium Development Goal – to halve extreme poverty between 1990 and 2015 – five years early? The World bank thinks so. In an uplifting report released on Wednesday, it revealed that the percentage of people living on less than $1.25 a day declined in every region of the developing world […]

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FE Report Bangladesh Bank governor Dr. Atiur Rahman Wednesday said as part of its stronger supervisory vigilance on fraud in banks, the central bank has put in place an on-line electronic ‘supervision dashboard’, which can provide warning signs of potentially fraudulent transactions. Referring to a Material Loss Review (MLR) for recentbank fraud¸ he said the […]

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Rahman Jahangir Myanmar’s move to build a ‘mini Singapore’ in its territory should alert the authorities concerned in Bangladesh alert. This should serve as a wake-up call for this country. It may miss opportunities for large foreign investments if its neighbour takes advantage of what it has offered to foreign investors long ago–cheap labour cost. […]

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Doulot Akter Mala Corporate tax collection might face a blow in the current fiscal as taxmen predict a poor growth in businesses of the large companies including private commercial banks and mobile phone operators. Income tax officials said achieving the target for the current fiscal would be a big challenge as it is quite ambitious […]

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FHM Humayan Kabir The government has finally decided to borrow hard-term loans worth nearly US$1.5 billion from export credit agencies (ECAs) for setting up five big power plants, officials said Monday. The Power Division officials said they have already selected bidders for setting up the plants, to be mobilised with the ECA loans. “We have […]

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