BSS Photo: Bangla Tribune The Vulnerable 20 Group of Finance Ministers (V20) yesterday highlighted mounting pressures to their economies amidst growing costs from worsening climate disasters and the Covid-19 pandemic during the inaugural of Global Climate Adaptation Summit. The V20 is seeking support for new climate investments to exceed the low-bar $100
Economy
Razzaque for exporting agro products to Germany
BSS Agriculture Minister Dr Muhammad Abdur Razzaque has underscored the need for exporting high-value crops, such as fruits, vegetables and herbs, to Germany and other EU countries. “Bangladesh produces a huge variety of agricultural products. There are enormous potentials for exporting high-value crops such as fruits, vegetables and herbs to Germany and
Turkey keen to expand textiles, jute trade with Bangladesh
Photo: Collected Turkey has showed keen interest to expand its trade and cooperation with Bangladesh in textile and jute sectors. This was revealed yesterday when Turkish ambassador to Bangladesh Mustafa Osman Turan called on textiles and jute minister Golam Dastagir Gazi at secretariat here, an official handout said During the meeting, the
Contribution of SMEs to GDP around 26pc: Tipu
BSS Photo: Collected Commerce Minister Tipu Munshi yesterday said SMEs are the lifeline of Bangladesh’s economy contributing about 26 percent to the country’s GDP. “The global economic dimension has changed a lot. In order to sustain in the international market with an access to diversified export, we need to conduct more institutional
LDCs need to apply for extension of transition period to 5 or more years
Sheikh Fazle Fahim/Photo: Facebook Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) President Sheikh Fazle Fahim said that Bangladesh along with other LDC countries that will graduate this year should apply for extension of transition period to 5 or more years. Fahim advocated for the extension in context of the
Brash billionaire: Tesla CEO Musk world’s wealthiest person
NEW YORK (AFP) Elon Musk/Photo: The Verge Whether the topic is transforming the automobile or conquering the next frontier of space, Elon Musk has shown a knack for captivating an audience beyond investors and science geeks. The brash Tesla CEO, now the world’s wealthiest person following the electric automaker’s meteoric rise,
Country’s economy getting stronger, says Kamal
Mustafa Kamal/Photo: Collected Finance Minister AHM Mustafa Kamal yesterday reiterated that the economy of Bangladesh is in good shape as it is getting more dynamic and stronger day by day and there is no mismatch or distortion in the economy. “We’re immuned, our debt to GDP ratio is less and we never
Bangladesh and Jordan to work together to strengthen bilateral trade ties
Image: Fintech Bangladesh and Jordan have expressed keenness to work together in strengthening bilateral trade relations between the two countries. Bangladesh Ambassador Nahida Sobhan and Jordanian Industry, Trade and Supply Minister Maha Ali expressed the eagerness when the Bangladesh envoy met Maha Ali at her ministry office in Jordan on Tuesday,
BIDA, StanChart announce partnership to increase FDI
BSS Photo: Collected Bangladesh Investment Development Authority (BIDA) and Standard Chartered Bank yesterday announced a partnership to jointly promote Bangladesh as a preferred investment destination and work together to bring in targeted global investments to the country. The first initiative to be undertaken through this partnership will be the China-Bangladesh Investment Summit,
Bangladesh can afford more borrowing to address COVID-affected economy: BB
BSS Bangladesh now can afford more borrowing to address the economic fallout from COVID-19 pandemic as the country managed public debt to GDP ratio in a conservative way, as per a policy note, prepared by Bangladesh Bank (BB). According to the note, Bangladesh has experienced low debt to GDP ratio of around