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
Tag: economy
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
E-commerce market size to be $3b by 2023: DCCI
BSS Getty Images In 2020, the e-commerce business experienced a significant 166 percent growth and by the year 2023, the market size of this sector will reach US $3 billion, observed speakers at a webinar here yesterday. They mentioned that at present the size of e-commerce market in Bangladesh is of about USD
Govt raises working capital loan fund to Tk 400b
BSS Image: Collected The government has raised the amount of working capital loan for Covid-19 affected industries and service sectors under the Prime Minister’s announced Economic Stimulus Package to Taka 400 billion from Taka 330 billion. Initially, the loan package for such purpose was Taka 300 billion when it was first announced
IFC helps businesses in poorest countries with $4b
Image: Collected The International Finance Corporation (IFC) has said it has so far extended USD 4 billion to private sector businesses in the poorest countries to help fight the coronavirus pandemic. The IFC, which is the largest global development institution focused on the private sector in emerging markets, in March committed
Kamal urges IFC support for private sector
BSS Mustafa Kamal/Photo: Collected Finance Minister AHM Mustafa Kamal has urged the International Finance Corporation (IFC) to develop Bangladesh’s fixed income securities, especially the bond market, side by side providing more support to the private sector being affected by the COVID-19 pandemic. He also called upon the IFC to enrich the ‘Taka Bond’
Special wing needs to be built for housing project
Md. Shadi-uz-Zaman, Managing Director of Notundhora Assets Limited believes to have a special wing for housing project for further development in real estate and housing business. More than 30 lakh workers are directly involved in real estate and housing sector. Everything like furniture, lands, and apartments’ interior designs is connected all along
TK 15 crores distributed as SME loan in Gaibandha
BSS Image: Collected TK 15 crores had so far been distributed as small and medium enterprise (SME) loan to 100 entrepreneurs of the district to run their business activities smoothly. This was disclosed by Assistant General Manager (AGM) of Bangladesh Small And Cottage Industries Corporation (BSCIC) also Member Secretary of SME loan
Strong legal framework crucial for socio-economic uplift: Anisul
BSS Law, Justice and Parliamentary Affairs Minister Anisul Huq. Photo: Dhaka Tribune Law, Justice and Parliamentary Affairs Minister Anisul Haque on October 24 said a prosperous legal framework plays a crucial and regulatory role in the socio-economic development of any state. He made the remark while addressing a seminar on ‘Public Financial