Tuesday , 15 June 2021
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Category Archives: Rural Economy

BB introduces refinancing scheme for Shariah-based funding

businessnews24bd.com Bangladesh Bank (BB) has introduced a refinancing scheme for Shariah-based funding with the particular aims of creating jobs in rural areas by helping existing agro-based industries and creating new entrepreneurs. The size of the fund had not been finalized yet, but it would be between Taka 100 crore and Taka 500 crore, depending on the demand, general manager of ... Read More »

Global food prices hit 4-year low

businessnews24bd.com Global food prices hit a four-year low as of August 2014, driven mainly by sharp decreases in the price of wheat and maize, according to the Food Price Watch. The September issue of the regular report of the World Bank on the global food price movements said international food prices decreased by 6.0 percent between April and August 2014, ... Read More »

Govt signs $125 m loan deal with ADB

businessnews24bd.com The Asian Development Bank (ADB) and the Government on Wednesday signed a loan agreement of $125 million to improve services and governance in the country’s pourashavas (municipalities). Economic Relations Division (ERD) Secretary Mohammad Mejbahuddin and Kazuhiko Higuchi, Country Director for ADB’s Bangladesh Resident Mission, signed the agreement on behalf of their respective sides at a ceremony at ERD. The ... Read More »

Ecnec approves TK 424.34cr compact township project for rural people

busionessnews24bd.com The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved a compact township project, ‘Palli Janapad’, for rural people based on cooperatives involving TK 424.34 crore, aiming to protect arable lands and thus ensure food security and improve their living standards, an agency reports.The approval came from the 5th Ecnec meeting of the current fiscal year held ... Read More »

Canadian envoy suggests BD to diversify exports

businessnews24bd.com Canada has suggested Bangladesh to diversify its exports to Canada to further expand bilateral trade tries between the two countries, reports a news agency.”We want to expand our exports and we also encourage Bangladesh to diversify its exports to Canada just to enrich the trade relationship,” she told a media interaction at the Jatiya Press Club on Monday. The ... Read More »

Ecnec approves Tk 720cr projects

businessnews24bd.com The Executive Committee of the National Economic Council (Ecnec) has approved four development projects involving Tk 720 crore and 70 lakh. The approval came from a meeting of Ecnec at the NEC conference room at Sher-e-Bangla Nagar in the capital on Tuesday morning. Ecnec Chairperson and Prime Minister Sheikh Hasina presided over the meeting. During briefing reporters after the ... Read More »

Work on Shahjalal Fertilizer Factory progressing fast

 SA Safee,  Sylhet Correspondent The construction work of  Shahjalal  Fertilizer Factory at  Fenchuganj is going on in full swing  and the work is expected to be completed by June next. M/S China National Compete Pant Import and Export Corporation Ltd  has been implementing the project at a cost of Tk about five thousand and fifty crore with M/s Chanda Engineering ... Read More »

BD moves up 4 notches in HDI

businessnews24bd.com Bangladesh is now one step forward meeting the Millennium Development Goals (MDG), as it has moved up four notches to 142nd among 187 countries in the world in terms of human development, according to the annual Human Development Report of UNDP. The country was at 146th position in the index in 2013. According to the report, although Bangladesh showed ... Read More »

Bangladesh eyes FDI to develop ETZ in Cox’s Bazar

Bangladesh is trying to attract foreign entrepreneurs to invest in a planned exclusive tourist zone (ETZ) in beach town Cox’s Bazar to boost the country’s tourism industry, reports UNB. It is planned to be set up at Sabrang Union of Teknaf upazila in the district under the Public Private Partnership (PPP) initiative. “We’re looking for foreign investors,” Civil Aviation and ... Read More »

Eid journey poses threat to home-goers as roads in deplorable condition

businessnews24bd.com The home-bound people, as it appears, will have to experience serious inconveniences ahead of the upcoming Eid-ul-Fitr during their journey, as most of the roads and highways across the country are in deplorable condition. Of the total 62,000 kilometers of roads and highways, of which, 12,000 km are under the Roads and Highways Department (RHD) and the rest 50,000 ... Read More »