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Category Archives: Development News

7 Chinese firms look to invest in Bangladesh Seven Chinese state-owned companies signed investment and import agreements worth $186 million with 13 Bangladeshi companies yesterday, aiming to boost bilateral trade. Of the Bangladeshi companies, 12 are from the private sector; the one state-owned company is Bangladesh Jute Mills Corporation, said Abdul Matlub Ahmad, President of the Federation of Bangladesh Chambers of Commerce and Industry, at the signing ... Read More »

Project taken for dev of Railway Workshop: Mujibul

 Saidpur(Nilphamari)  Correspondent Railway Minister Mujibul Haq  visited Saidpur Railway Workshop with members of the  Parliamentary Standing Committee of  the Ministry of Railway on Thursday . Thhe  Minister was accompanied by the  members of the  Parliamentary Standing Committee of  the Ministry of Railway. The Minister in his speech said, Railway was totally neglected during the period of last government. The present ... Read More »

LGED launches innovative code of conduct online training programme

 City Desk The launching ceremony  of E-module on the code of conduct for the  LGED was held at LGED Headquarters, Agargaon in the city yesterday . The programme was jointly orgainsed by LGED, USAID and UNOPS at LGED Headquarters, Agargaon in the city yesterday. Additional Chief Engineer (Planning and Design) of LGED, Md. Khalilur Rahman, Project Director of Bangladesh Agriculture ... Read More »

Muhith plans to use forex from reserves on mega projects Finance Minister AMA Muhith believes Bangladesh Bank’s huge foreign currency reserves can be used on the government’s mega projects. “Our reserves are so high. … How to use this reserve? … We are doing some thinking about this. Bangladesh Bank has also given some ideas,” he told reporters on Wednesday at the Secretariat after a meeting of the cabinet ... Read More »

British company to invest $7.5 b in Dhaka-Payra seaport rail link A British company has proposed to invest $7.5 billion in the Dhaka-Payra seaport rail link project, a vital infrastructure as part of the government’s ambitious economic development plan. An official of the railways ministry said the UK firm — DP Rail — has submitted a proposal in this regard. The decision about the proposal would be made at a ... Read More »

Moghbazar-Mouchak flyover opens to traffic Another part of the much-awaited Moghbazar-Mouchak flyover was opened to traffic today as part of efforts to ease traffic congestions on Eskaton-Mouchak road further. Local Government, Rural Development and Cooperatives Minister Khandker Mosharraf Hossain inaugurated it around 11:00am. Vehicles on the two-km stretch of the flyover — near Janakantha building to near Aarong (Mouchak) – were moving soon after ... Read More »

BD sees impressive economic transformation: Atiur Bangladesh has been demonstrating an amazing story of macroeconomic transformation which is resilient, inclusive and broad-based, said Atiur Rahman, former governor of Bangladesh Bank. He spoke in an international research symposium jointly organised by the Business School of Monash University and the Faculty of Business Studies of Dhaka University in Melbourne. In his key note address, Rahman highlighted the ... Read More »

British investments in BD to remain unaffected despite terror attack: Stewart

British Minister of State at the Department for International Development Rory Stewart has allayed fears of any decline in British investment in Bangladesh and has said his country believes “in good for Bangladesh”. “The UK investments will be confident and the same, it will not be affected by terrorism attack,” the minister said during a school inspection at Mirpur on ... Read More »

BD starts new fiscal with plummeting exports

Abdur Rahim Harmachi,  Bangladesh has started the 2016-17 fiscal with exports taking a hit in another blow after remittance from expatriates plummeted. The country earned over $2.53 billion in July, the first month of the new financial year, 3.5 percent down from the same month last fiscal year. The export in the month has missed the target by 25 ... Read More »

High officials visit Maghbazar-Mouchack Flyover Abdul Malek, Secretary, Local Government Division of LGRD  and Cooperatives Ministry and LGED Chief Engineer Shyma Proshad Adhikari along with other  officials  visited the ongoing  work of Maghbazar-Mouchack Flyover from Eskaton point of Mouchack crossing on Saturday. The expressed satisfaction over the progress but  instructed the officials to complete the work within schedule time. This section will be opened ... Read More »