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Well thought-out investment planning helps raise economic growth: WB

BSS Well thought-out investment planning helps raise economic growth rates, increases competitiveness, offers new economic opportunities, and bolsters improvements in human capital, said a new World Bank report. The report addresses need to better understand current levels of infrastructure quantity and quality. The report presents data about infrastructure provision in three key sectors

‘Bangladesh: A suitable place for investment’

A Chinese entrepreneur Xu Xiaochu said Bangladesh is the most suitable place for investment for global enterprises as it has a large population and huge market potential. Xu Xiaochu, the chairman of China’s Yabang Investment Holding Group Company Limited said this in a recent function. “It is the most suitable place for investment for

GDIC with WFP and Oxfam Bangladesh launches a new insurance scheme for agri laborers

Green Delta Insurance Company (GDIC) Ltd including the United Nations World Food Programme (WFP), Oxfam Bangladesh recently launched a new insurance scheme to protect casual agricultural laborers in Bangladesh from the ongoing floods. The ongoing flood has affected more than one million people in the South Asia, WFP press release said yesterday. Recognising

Remittances inflow, forex reserves hit new record in the country

The foreign currency reserve and inflow of remittances hit the new record in the country in July despite the economic fallout triggered by the COVID-19 pandemic, reports BSS. The expatriates have sent $2.6 billion which is an all-time high monthly amount in the country’s remittance history, according to a press release

BRAC Bank gets JPMorgan Chase recognition

Only Bangladeshi Bank to Retain U.S. Dollar Clearing MT103 and MT202 awards for three consecutive years BRAC Bank has received the ‘2020 U.S. Dollar Clearing MT103’ and ‘2020 U.S. Dollar Clearing MT202’ Quality Recognition Awards from JPMorgan Chase & Co., an American multinational investment bank and financial services holding company.  JPMorgan, considered

Trump economic advisor predicts 20% US second-half growth

Agence France-Presse (AFP)/TheJakartaPost Washington - The US economy will grow on the order of 20 percent in the third and fourth quarters, a top White House economic adviser predicted Sunday, despite reopening setbacks linked to a coronavirus resurgence. "I don't deny that some of these hotspot states moderate that recovery, but on

Flipkart purchases Indian stores from Walmart

Walmart Inc. is selling its Indian stores to Flipkart, the e-commerce startup it controls, consolidating its operations in the world’s second-most-populous country as it works to fend off Inc. Flipkart  said recently, it is launching a wholesale marketplace to serve small and medium-sized businesses and neighborhood stores in India, entering an

U.S. women lend support to female business start-ups in equality push

LOS ANGELES (Reuters) Members of the U.S. women’s national soccer side are using their experience as female entrepreneurs to lend their support to businesses selling everything from coffee to lingerie, as part of the team’s mission to try to level the playing field for women. A project called Stacy’s Rise will