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[Bangladesh] Call for deep cuts in internet prices Reply

Bangladesh News • Tags: ,

Analysts take part in a roundtable — Bridging the internet usage gap: urban and rural areas — organised by the ICT ministry and The Daily Star at the newspaper’s office in the capital yesterday.

Analysts take part in a roundtable — Bridging the internet usage gap: urban and rural areas — organised by the ICT ministry and The Daily Star at the newspaper’s office in the capital yesterday.

Reposted from The Daily Star

The country needs to make internet more affordable to achieve the penetration levels it so desires, analysts said yesterday.

“Internet penetration is eight times lower in rural areas than in urban ones. So there is need of enforcement and incentive,” said Nazrul Islam Khan, information and communication technology (ICT) secretary.

Although the government plans to reduce the bandwidth price from Tk 8,000 to Tk 5,000 for per megabits per second, Khan suggested going step ahead and slashing it to Tk 3,000. More…

Bangladesh must not lose the opportunities it has Reply

Bangladesh News • Tags:

Dhaka, Bangladesh

Dhaka, Bangladesh

Reposted from The Financial Express
By Nilratan Halder

Pulling as many as 18 million people out of poverty trap for a country like Bangladesh, once dubbed a basket case, in a decade is no mean job. Yet the country has exactly achieved this extraordinary feat. And this is against a number of overwhelming odds. To many financial pundits’ surprise, the Goldman and Sachs predicted way back in 2005 that the country would find its place among the next emerging Asian 11. In the middle of the previous year, a number of organisations and institutions confirmed the baffling but phenomenal progress made by this tiny but highly populous country. Yet some of them considered it more an economic puzzle than a rational reconstruction, because the economic progress defied their known conceptual theories. More…

Bangladesh takes bold step to bridge Padma Reply

Bangladesh News • Tags:

Economists say a bridge over the Padma river could boost GDP by 1 percent a year [Bangladesh]

Economists say a bridge over the Padma river could boost GDP by 1 percent a year [Bangladesh]

Reposted from Al Jazeera
By Subir Bhaumik

Country moves to self-fund the Padma bridge, hoping to boost economy and national pride amid paralysing protests.

Once written off as a basket case by the former US secretary of state Henry Kissinger, Bangladesh is set to take a big step forward in embarking on its biggest-ever infrastructure project alone. More…

[Bangladesh] Ministry suggests cuts in import duty on industrial machinery Reply

Bangladesh News • Tags: ,

Industrialists call for continuation of the existing 1 percent duty on imported machinery used by export-oriented industries. Photo: Star

Industrialists call for continuation of the existing 1 percent duty on imported machinery used by export-oriented industries. Photo: Star

Reposted from The Daily Star
By Md Fazlur Rahman

The government should reduce duty on import of industrial machinery, and basic and intermediary raw materials to encourage entrepreneurs to set up new industries, according to a set of recommendations compiled by the industries ministry.

The government also needs to continue the existing zero duty policy for imports of essential commodities such as food items and 1 percent duty on imported machinery used by export-oriented industries. More…

Bangladesh, Vietnam pledge to deepen trade ties Reply

Bangladesh News, Vietnam News • Tags: ,

Flag-Pins-Vietnam-BangladeshReposted from The Daily Star

The second joint commission meeting between Vietnam and Bangladesh ended yesterday with a firm commitment to strengthening trade ties.

“We have always seen Bangladesh as a traditional partner and friend in South Asia. This meeting would remain a landmark for the two countries,” Vu Huy Hoang, Vietnam’s trade and investment minister, said at a joint press briefing. More…

Eight five-star hotels to be set up in Bangladesh in three years Reply

Bangladesh News • Tags: , , ,

Marriott logoReposted from The Financial Express
by FHM Humayan Kabir

Eight more luxury hotels will be set up in Bangladesh within next three years, officials said Saturday, adding that the operationalisation of the proposed hotels, upon the completion of the would-be ventures, will provide a big boost to the country’s hospitality industry.

A number of international chain of hotels have come forward to build five star hotels under joint venture arrangements in the fastest growing cities of Dhaka and Chittagong, they said. More…

IFC, Green Delta Ins ink deal Reply

Bangladesh News • Tags: ,

IFC has made an equity investment in Green Delta Insurance Company Ltd (GDIC) of Bangladesh for up to 10 per cent. The two parties signed and exchanged agreements in this regard at the head office of Green Delta Insurance Company in the city Sunday.

IFC has made an equity investment in Green Delta Insurance Company Ltd (GDIC) of Bangladesh for up to 10 per cent. The two parties signed and exchanged agreements in this regard at the head office of Green Delta Insurance Company in the city Sunday.

Reposted from The Financial Express

IFC, a member of the World Bank Group, has made an equity investment in Green Delta Insurance Company Ltd (GDIC) of Bangladesh for up to 10 per cent.

The two parties signed and exchanged agreements in this regard Sunday at the head office of Green Delta Insurance Company in the city.

“Through this investment it is expected that global best practices and product offerings will be available to the insurance industry and the consumers through a market leader in the country,” a Green Delta Insurance Company source said. More…

Bangladesh up on human development scale Reply

Bangladesh News • Tags: ,

UNDP-SonargaonReposted from bdnews24.com

The United Nations has listed Bangladesh as one of the 18 countries in the world that have made rapid progress in human development in the last three decades, though occupying a rather low position.

The United Nations Development Programme’s (UNDP) “2013 Human Development Report”, released on Friday in Dhaka as elsewhere in the world, measured national achievements in health, education and income to rank countries in the Human Development Index (HDI). More…

[Bangladesh] Japan loans $1bn for key schemes Reply

Bangladesh News • Tags: , , ,

JICA-signing_edReposted from bdnews24.com

The Japan International Cooperation Agency (JICA) will provide a loan package worth $1.03 billion to implement four key projects including construction of the four-lane second Kanchpur, Meghna and Gumti Bridge.

Bangladesh on Sunday inked the four agreements with Japan under which the package will be provided as Official Development Assistance (ODA). More…