Economic Data

Tue, Feb 7 2012 19:18 IST | 28 Views | Add your comment SHARE: India Tuesday urged Mauritius, the largest source of foreign direct investment (FDI), to further boost investments in in manufacturing, agro-processing, information technology and pharma sectors. Commerce and Industry Minister Anand Sharma held bilateral talks with his Mauritius counterpart Sayyad Abd-Al-Cader Sayed-Hossen aimed at further strengthening economic ties. "Our economic and commercial relations are...Read Full Story

Mozambiques development program has hardly been affected by the slowdown in global growth and world trade over the past two years because its growth has been driven by strong internal investment in new export-oriented projects. Over the next few years. Aluminium Smelter it has many opportunities to develop its metals industries for export and its ports and rail facilities to provide services for the regional market in southern Africa. In that respect, a resolution to the current...Read Full Story

Mon, Nov 28 2011 19:54 IST | 19 Views | Add your comment SHARE: Bangladesh was a key partner for Germany in "tackling global challenges", German President Christian Wulff said Monday after arriving in Dhaka for a three-day official visit to the country. Bangladesh President Zillur Rahman received Wulff who arrived along with an 84-member German delegation at the Shahjalal international airport, Xinhua reported. Wulff, the first German president to visit Bangladesh since...Read Full Story

http://www.thedailystar.net/newDesign/news-details.php?nid=216752 Remittance hits 10-year high Migrant workers remit more to cash in on falling taka against dollar Star Business Report Remittance inflows hit a decade high of $12.17 billion in the just concluded year, offering the government a much-needed cushion against dwindling foreign exchange reserves and exchange rate volatility. Remittances grew 10 percent in 2011 from the previous year. According to data from Bangladesh...Read Full Story

http://www.thedailystar.net/newDesign/news-details.php?nid=216946 Third Indo-Bangla trade fair on May 31 Dewan Sultan Ahmed, vice-president and chairman of the fair sub-committee for India Bangladesh Chamber of Commerce and Industry, and Kazi Wahidul Alam, chairman and managing director of Triune Exhibition and Event Management Services, sign a deal at a programme in Dhaka on Thursday to organise the third Indo-Bangla Trade Fair on May 31.Photo: Triune Star Business Desk Triune...Read Full Story

http://www.thedailystar.net/newDesign/news-details.php?nid=210387 Green Tech A stride in solar panel manufacturing A 3D model of the solar panel manufacturing plant in Ashulia, Dhaka. Photo: RAHIMAFROOZ Suman Saha Rahimafrooz Renewable Energy Ltd (RREL) is set to manufacturer solar panels in the country by next month, to tap growing demand for green energy at home and abroad. The company has already set up a plant in Ashulia in Dhaka to manufacture 18MW PV (photovoltaic) solar...Read Full Story

http://www.thedailystar.net/newDesign/news-details.php?nid=205157 Exports: focus on diversity A view of Chittagong Port. The Export Promotion Bureau is working to introduce some non-traditional export items under its 'one district one product programme'.Photo: STAR Refayet Ullah Mirdha The country’s exports are still heavily dependent on garment items as little diversification has taken place over the years. Bangladesh has much potential in exporting a number of other items across...Read Full Story

To assess the impact of economic slowdown on employment, Labour Bureau, Ministry of Labour and Employment conducted a quick survey during January – March 2011 (Tenth in the series). The survey covered important sectors including textiles and handlooms. According to the said report, 733 textile units including apparel were surveyed and noticed that the employment has declined by 1.21 lakh during the period March, 2011 over December, 2010. Similarly, of those 96 units surveyed in...Read Full Story

http://www.thefinancialexpress-bd.com/more.php?news_id=159515&date=2011-12-16 RMG export earnings may cross $40b by 2020 Nizam Ahmed The export earnings of the country’s garment sector are likely to cross $40 billion mark by 2020, if few challenges the industry is facing are addressed in the coming years, exporters and global market monitors said on Thursday. The challenges being faced by Bangladesh garment industry are poor port performance, weak road network, slower transportation...Read Full Story

http://www.daily-sun.com/details_ds-$877m-remittance-sent-in-3-weeks_435_1_3_1_3.html $877m remittance sent in 3 weeks Staff Correspondent The country fetched total US$ 877.21 million remittance in the last three weeks of the current month. Islami Bank Bangladesh Ltd (IBBL), a private commercial bank, channelled US$ 210.05 million, the highest amount in the said period while the inflow of foreign exchange through four state-owned commercial banks, Sonali, Agrani, Janata and Rupali Bank...Read Full Story