Biz World
Biz World
Global trade finance gap widened to $1.7 tr in ‘20
Industry Desk: The global trade finance gap grew to an all-time high of $1.7 trillion in 2020, a 15% increase from two years earlier, as the pandemic heightened economic and financial uncertainties and devastated global trade, according to the latest Trade Finance Gaps, Growth, and Jobs Survey, released yesterday by…
Read More »IMF projects 6.4pc growth for Bangladesh in FY2022
Lower than estimate of BBS Staff Correspondent: The International Monetary Fund (IMF) has projected 6.5% growth of the Gross Domestic (GDP) for Bangladesh in the current fiscal year 2021-22.The projection came from the flagship report of the IMF titled “World Economic Outlook” released globally yesterday ahead of the annual meeting…
Read More »Bangladesh becomes one of fastest growing economies in world: ICCB
Industry Desk: Over the past five decades, Bangladesh has transformed itself from being a ‘Basket Case’ to one of the fastest growing economies in the world, said International Chamber of Commerce Bangladesh (ICCB) at its current news bulletin released yesterday.Before the onset of the COVID-19, the economy was growing rapidly,…
Read More »ADB pegs Bangladesh’s GDP at 6.8pc this fiscal
Special Correspondent: The Asian Development Bank (ADB) has revised Bangladesh’s growth forecast for the current fiscal amid fears of a third wave of the Covid pandemic.In its latest report, the regional lender has pegged Bangladesh’s gross domestic product (GDP) growth at 6.8 percent in the current fiscal.GDP is a monetary…
Read More »GSP+ probably to be way forward in post-LDC period
EU Ambassador 9-year extension of DFQF market access in EU market sought UNB: Head of Delegation of the European Union to Bangladesh Ambassador Rensje Teerink has said, Bangladesh with the graduation needs to follow the core issues related to the GSP Plus in detail because of “GSP Plus will probably…
Read More »Taliban establishes first contact with India through meeting in Doha
Industry Desk: Indian Ambassador to Qatar Deepak Mittal yesterday met the head of the Taliban’s political office Sher Mohammad Abbas Stanekzai in Doha — the first official contact between India and the Taliban.At the meeting, held at the Indian embassy in Qatar’s capital upon the Taliban’s request, “Mittal raised India’s…
Read More »Foreign companies seek long-term deals but experts want competitive bidding
LNG import Staff Correspondent: International suppliers are offering long-term deals with Bangladesh to meet its soaring demand for liquefied natural gas (LNG), while energy experts and consumer right groups want the government to go through a competitive bidding process to ensure transparency.Currently, the government is importing around five to six…
Read More »Bangladesh seeks Korean assistance on environment and climate change issues
Industry Desk:Environment, Forest and Climate Change Minister M Shahab Uddin yesterday sought South Korea’s help in implementing all the ambitious activities related to the environment and climate change.“At least 4 billion US dollars are being spent a year to tackle the negative impacts of climate change and a planetary emergency…
Read More »Pineapple fibre – a new fibre from Bangladesh for global fashion industry
Industry Desk:Bangladesh has made a name for itself as one of the most important garment manufacturing and exporting nations in the world. It has innovative entrepreneurs and a hardworking workforce, yet the country lacks significant amounts of natural resources for the textile industry, according to a press statement issued by…
Read More »Is Bitcoin going to legalize in BD?
Cryptocurrency trading is illegal: CID Trading cryptocurrency not crime: BB Special Correspondent: The latest stand of two state agencies has created new drama over the transaction of cryptocurrency like Bitcoin and some other online currencies. This has confused the traders of Bitcoin and other cryptocurrencies in the country.Currency regulatory authority-Bangladesh…
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Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
