The World Bank has been an ever-reassuring presence in Bangladesh's growth narrative, and the multilateral lender will continue to play that role, said its country director. The Washington-based multilateral lender would continue making funds available for Bangladesh to help the country pull out of the devastating impact...
Claiming success in preliminary animal modelling trial for Covid-19 vaccine, Globe Biotech Limited has claimed to be the first company from Bangladesh to have a Covid-19 vaccine under development. They received the result after conducting the preliminary trial on five rabbits from June 10 to June 28,...
The whole world has become contaminated with coronavirus. People have stopped moving forward. Especially the daily use of the words social or physical distance, home quarantine, isolation, lockdown, hard immunity, virus-infected and death has not only destabilized the human mind but the scene of uncertainty has started...
Bangladesh Bank yesterday introduced international factoring, a development that can be viewed as a mode of accelerating the country's exports and reduce exporters' risk of collecting their products' worth.
This new method is a form of payment guarantee for exporters, according to a central...
A study suggested identifying critically important sectors for reopening the country’s economy by assessing the high/low risks of the spread of Covid-19 infection in those sectors.
The survey, titled “Reopening the Bangladesh Economy: Search for a Framework”, was conducted by the Center for Enterprise...
State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said mega projects having 3,840 MW power generation capacity are being implementing at Payra, Maheshkhali and Matarbari areas aimed at ensuring power and energy security in the country.
“Considering land availability, fuel transportation...
The Bangladesh Chemical Industries Corporation (BCIC) and Saudi- based Engineering Dimension International Investment LLC (EDII) signed a joint venture agreement to set up a cement plant under the name of ‘Saudi Bangla Integrated Cement Company Ltd’ in Sunamganj.
The project is expected to start...
At least 23 more services of 10 ministries and organizations will come soon under the One Stop Service (OSS) centre of the Bangladesh Investment Development Authority (BIDA). The ministries and organizations are Land Ministry, Rajdhani Unnayan Kartripakkha (RAJUK), Department of Inspection of Factories and Establishments, Environment Authority,...
Remittance inflow hit a new record of $18.20 billion in the just concluding fiscal year, although coronavirus pandemic battered most of the global economies. The inbound remittance surged by 10.87% to $18.20 billion in the last fiscal year, as a 35% growth registered last month. The inflow...
All
major economic segments of the country will face deep trouble this year due to
the ongoing economic fallout brought on by the coronavirus pandemic, according
to a central bank report. Although the government had set a GDP growth target
of 8.20 per cent for this fiscal year citing a V-shaped...