Exports and Remittance, Two Linchpins of The Bangladesh Economy Outperform the Target in July
Bangladesh has taken a reverse course in combating the pandemic in contrast to the developing countries in the region. The remittance and export data for July have climbed significantly rendering the fears obsolete. It was initially anticipated that the two linchpins of the economy, exports, and remittance, would experience a fall down in response to […]
Bangladesh Could Witness a 27.8% Decline in Remittances due to COVID-19 ADB
Asian Development Bank (ADB) Remittance could fall by 27.8% for Bangladesh in the worst-case scenario following a pandemic. Since a hike in job losses and trimmed payrolls says Asian Development Bank (ADB). Moreover, the average remittance decline was 19.3 % in the global financial crisis,2009. The decline was of 2.7% for the remittance inflows in […]
Bangladesh “enmity to none” policy helps improve ties with Pakistan
After years of strained ties between Pakistan and Bangladesh, recent contacts between leaders of the two countries are a rare glimpse of hope. Possibly, if not yet probably, Islamabad and Dhaka might break the ice between them. Since 1971, the two have seen many ups and downs between relations. Jamaat-e-Islami and main opposition Bangladesh Nationalist […]
World Bank Approves $202 Million for Modern Food Storage Facilities Projects in Bangladesh
World Bank board of directors approves $202 million to additionally finance for the Modern Food Storage Facilities project. This stimulus is directed towards increasing the storage capacity of Bangladesh’s national strategic grain reserves. The financial coverage aims to increase storage reserves by 535,500 tons for 4.5 million households. Modern Food Storage Facilities project Moreover, the […]
China Approves 300 hectare Business Park in Bangladesh, Beijing Hustles to get the Work Done
China has given permission to begin work on a 300ha business park in Bangladesh. It has taken over five years for china to initiate the project. Furthermore, the Chinese Economic and Industrial Zone (CEIZ), will be executed near the southeastern port of Chittogram. Historical Background Similarly, Sheikh Hasina, the prime minister of Bangladesh first proposed […]
Bangladesh Sides with Pakistan and China Amidst Strained Relationship with India
Amidst strained relations with New Delhi, Bangladesh sides with Pakistan and China as its PM signals a shift to closer Pak-China ties.
Archaeologists Excavate an Ancient university in Bangladesh
A team from the archaeology department has arrived in Moulvibazar, Bangladesh. The five-member team is on a three-day visit. They are looking to unearth the remains of an ancient university dating back to the Chandra dynasty of the 10th century. The area is presently known as Kalimabad, Kulaura Upazila. The great city of Chandrapur now […]
First Bangladeshi Cargo Shipment makes it to India – Hints at Improved Indo-Bangladesh Economic Partnership
On Thursday, the first cargo shipment from Bangladesh Phantogram airport made its way to Agartala. The Ministry of External Affairs (MEA) announced it to be a “Historic Milestone” in Indo-Bangladesh economic partnership. The act was carried out in accordance with the agreement on operating Chattoram and Mongolia Ports. The operation will swiftly move India’s transit […]
Bangladesh Inaugurates the Country’s Largest Refugee Housing Scheme
Project inaugurated to house climate refugees Prime Minister Sheikh Hasina has inaugurated the country’s largest rehabilitation project in Cox’s Bazar, Bangladesh. The landmark called ‘Khurushkul Ashrayan Prokalpa’ will be home to 4000 families. Additionally, it lies on the outskirts of the southeastern beach town of Cox’s Bazar. The inauguration Furthermore, due to the pandemic, the […]
Bangladesh Set to Launch 4 Tech Centers in Economic Zones
Bangladesh\’s economic zones look forward to launching four tech centers in the country. The initiative includes installing new technologies to boost export earnings. One tech center is to be inaugurated at Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram and the other at Bangabandhu Hi-Tech City in Gazipur. EC4J Signed two lease agreements+ On Tuesday, the […]