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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

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

DCCI vows to work with BIDA to boost investment

DCCI President Rizawan Rahman Rizwan Rahman, newly elected President of Dhaka Chamber of Commerce and Industry (DCCI) yesterday called on Executive Chairman of the Bangladesh Investment Development Authority (BIDA) Md Sirazul Islam at the BIDA head office in the city. DCCI Senior Vice President N K A Mobin, Vice President Monowar Hossain

Country’s economy is in good shape: Kamal

BSS Photo: Bangla Tribune Finance Minister AHM Mustafa Kamal recently said that the economy of Bangladesh is in good shape and also heading towards the right direction despite the Coronavirus (COVID-19) pandemic is taking a toll on the global economy. “I think that our economy is in good condition. There is nothing

Banks awash with savings deposit during the Covid-19 pandemic

With a large number of restaurants, boutiques, and salons closed due to the COVID-19 pandemic, many Bangladeshis lucky enough to still have an income of any kind are discovering they're actually saving money. "I'm spending way less," said Golam Morshed, 32, who works in a bank in Dhaka. "With the exception of groceries, all of my

Australia exits first recession in almost 30 years

SYDNEY (AFP) Australia has exited its first recession in almost 30 years, after official figures released Wednesday showed the economy grew 3.3 percent in July-September compared with the previous quarter. With local transmission of Covid-19 largely under control, official data showed businesses have begun to rebound and consumer spending has

How local currency can revive a nation’s economy

Photo: Collected In this era of race toward economic excellence, every nation may face interlocking with a cluster of underperforming communities that hinders the expected growth. This indeed is an uphill challenge for every nation big and small to maintain a steady and competitive economic development growth in a global standard. As radical an idea as

BEPZA seeks for Japanese investment in EPZs

Photo: Collected Bangladesh Export Processing Zones Authority (BEPZA) has sought assistance from Japanese embassy and Japan External Trade Organization (JETRO) to attract more Japanese investment in the Export Processing Zones (EPZs) as well as the BEPZA Economic Zone. Member (investment promotion) of BEPZA Md Mahmudul Hossain Khan made the appeal during