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Category Archives: National Economy

BD ahead of India, Pakistan in inclusive development: WEF

Bangladesh is ranked ahead of both India and Pakistan in a global inclusive development index released on Monday, reports  It is ranked 36th, while India, the world’s fastest growing economy, is ranked 60th and neighbour Pakistan is ranked 52nd. China, the world’s second biggest economy after the US, is ranked 15th among 79 developing economies in the World Economic ... Read More »

Govt reverses decision to reduce fuel prices

The government has reversed its decision to reduce the price of fuel oil, reports  State Minister of Power, Energy and Mineral Resources Nasrul Hamid Bipu told the media on Wednesday the reversal decision was made because of recent trends in the global oil market. “The price of fuel oil was to be reduced in two stages,” he said. “We ... Read More »

32pc investment GDP ratio in next two-year: Muhith

Financial Desk Finance Minister AMA Muhith said the current investment environment of the country is very good and hoped that the investment GDP ratio would be 32 percent within the next two-year. He also expressed his firm hope that the country would attain 8.0 percent GDP growth in the two years. The Minister said this while addressing as the chief ... Read More »

‘BB heist: report after decision on rest of money’

Economic Desk Finance Minister AMA Muhith said that the probe report on Bangladesh Bank heist will be published after getting final decision on rest of the stolen money. The Minister made the opinion while addressing media today after meeting with a British delegation and Resident Representative for the World Bank Group in Dhaka. He said a portion of the heist ... Read More »

Liberty Fashion demands operation of factories The authorities  of  Liberty  Fashion  Wears  Limited  on Sunday  reiterated  the  demand  for allowing resumption of the factory`s  operations for  the  sake  of its 5,000 employees and  their  family  members   export  oriented company also sought necessary support and cooperation from the government, buyers and other stakeholders in this regard. Liberty Fashion chairman and managing Director (MD) Mozammel Huq placed ... Read More »

GDP growth on an elevated path : Citibank Bangladesh economy managed to grow at an impressive rate of 7.11 percent in 2015-16 financial year (FY16) signifying strong macroeconomic fundamentals, the US-based Citibank said in its annual update on Bangladesh economy and market. Both industrial and service sector registered higher growth in the FY16 compared to FY15 registering 11.09 and 6.25 percent growth respectively, the update, released today, ... Read More »

India v England: Virat Kohli and Kedar Jadhav lead stunning chase

Sports Desk A Virat Kohli masterclass helped India complete the highest successful chase in a one-day international against England and seal a three-wicket win. Chasing 351, India were reduced to 63-4 in Pune before Kohli, who made 122, and Kedar Jadhav (120) shared 200. India completed the joint-fourth best run chase of all time in 48.1 overs. Ben Stokes earlier ... Read More »

Walton starts New Year with zero pending servicing

Economic Reporter Walton Service Management System (WSMS) started its ‘New Year-2017’ journey with zero pending servicing claims. In fact, the number of customer’s claims for necessary post sales services were zero at the end of the last year. The Walton authorities termed the success as a great milestone to the post sales services in the country’s electronics and electrical appliances ... Read More »

BB gets 66 proposals involving $403.63m for long term financing Bangladesh Bank (BB) has already got 66 project proposals involving US$ 403.63 million through different private banks to facilitate long term financing under the World Bank funded Financial Sector Support Project (FSSP). “We have already approved 19 proposals with $90.26 million, of which $12.02 million has been disbursed, rest of the approved amount is under the process of disbursement,” ... Read More »

GDP to reach 8pc in 2 years: Muhith

KUAKATA : Finance Minister Abul Maal Abdul Muhith today said that Bangladesh would attain 8.0 percent GDP growth in two years. “The economy already attained over 7.0 percent growth, marking a golden era for the country,” the finance minister said, noting that Bangladesh had already established its image as a country where people are busy doing their jobs amid political ... Read More »