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
Economy
‘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
ADB, HSBC to finance $1.2b in trade to boost supplies
BSS The Asian Development Bank (ADB) and the HSBC have launched a programme to support up to $1.2 billion a year in trade by companies in Asia and the Pacific producing goods crucial to the ongoing fight against the coronavirus disease (COVID-19) pandemic. The targeted financing available through the new program
Forex reserves touches $37 billion amid COVID19
This is the highest amount of remittance in a single month in the history of Bangladesh Country’s foreign exchange reserves for the first time has touched a new record of US$37.10 billion amid running pandemic. The inflow of remittance has played a vital role to raise the foreign exchange reserve to 37.10 billion
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 Amazon.com 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