A report on ‘Remittance hits record in May’ published by the Daily Star recently where it says that the month of May saw a record amount of remittance flow for a single month as expatriate Bangladeshis sent $1.75 billion to ensure that their loved ones back home can celebrate Eid-ul-Fitr
Economy
HONG KONG BUSINESSES EAGER TO INVEST IN BANGLADESH
A 24-member business delegation from Hong Kong, the highly prosperous special administrative region of China, has visited Bangladesh in quest of knowing investment opportunities as part of efforts under China’s Belt and Road Initiative. The delegation from the Chinese Manufacturers’ Association (CMA) of Hong Kong tripped to Bangladesh at the invitation
ASSET MANAGEMENT COMPANIES TO HELP RECOVER BAD LOANS
The government is reviewing proposals for establishing asset management companies to recover bad loans from the errant borrowers according to officials of the financial institutes division of the finance ministry The asset management companies, both private and public, are being proposed by enacting a new act with the securitization of nonperforming
JAPAN GOVERNMENT STANDS READY TO ACT TO CURB YEN VOLATILITY
A Japanese official said to the reporters at a conference on December 25 that volatility was rising in the currency market and the government stands ready to take necessary steps if the market becomes too erratic. “Volatility is going up. Each country shares the G7/G20 view that excess volatility and disorderly
US-China trade war may benefit Bangladesh
CANADIAN INVESTORS URGED TO INVEST IN BIGGER WAY
Bangladesh has urged Canadian investors and Bangladeshi Diaspora to bring in bigger investment here. Commerce Secretary Shubhashish Bose made the call while addressing a 'luncheon meeting' for attracting Canadian Diaspora organized by Canada Bangladesh Chamber of Commerce and Industry or CanCham Bangladesh in the city recently in the last month. Canadian High
Bangladesh tops list of growth rate of high net worth individuals: economists give mixed reactions
Bangladesh’s economists have welcomed the recent news of the country topping the list with the highest growth rate of the ultra rich, albeit with reservations. They pointed out that it is a “sort of good news”, interpreting it as an indicator of the country’s overall macroeconomic development. They, however, termed the growing
AIIB KEEN TO INVEST IN WATER MANAGEMENT, COMMUNICATION PROJECTS
Asian Infrastructure Investment Bank (AIIB) is interested to invest in the country’s water management and communication projects aimed at turning Bangladesh as a developed nation in the global arena. “We want to expand our investment in Bangladesh. We are looking forward to invest in municipal water supply and communication sector development,”
Muhith seeks IFC cooperation in securing more FDI
Finance Minister AMA Muhith has sought cooperation of the International Finance Corporation (IFC) to increase the flow of foreign direct investment (FDI) in the country. "We need all kinds of assistance in all sectors in both public and private sectors. We need deeper engagement of IFC," he said while addressing a
