Jun 052020
 
EU sets up financial crime unit in pandemic-hit economy

The European Union set up a unit of investigators on Friday to tackle an anticipated surge in financial crime in the economic downturn caused by the coronavirus pandemic. The European Financial and Economic Crime Center will work with Europol, the EU’s law enforcement agency. “The fallout from the COVID-19 pandemic has weakened our economy and …Read more

Jun 052020
 
A 6% Growth Forecast Makes Bangladesh Outlier in Global Economy

Bangladesh, the world’s second-largest apparel exporter, sees economic growth of at least 6% this year, a pace that could make it an outlier in a world set to contract. Growth will slow to a range of 6%-7% in the year to June 30, Planning Minister Muhammad Abdul Mannan said in an interview on Thursday. While …Read more

Jun 052020
 
Half price high street clothes aid workers in Bangladesh

A Dundee University graduate has developed a scheme to give income to thousands of garment workers in Bangladesh hit by cancelled orders from UK retailers. Cally Russell, who graduated in 2009, has founded Lost Stock, which offers a box of garments, originally destined for well-known UK retailers, directly to customers at half price. Garment manufacturers …Read more

Jun 052020
 
Bangladesh urges UK to create global supply chain fund

Bangladesh High Commissioner also called upon the UK to ensure equitable and affordable access to vaccines, therapeutics Bangladesh has urged the United Kingdom (UK) to create a “global supply chain sustainability fund” for post-Covid socio-economic recovery of countries including Bangladesh those have been victimized by the British retailers. The urge was made by Bangladesh High …Read more

Jun 042020
 
Businesses call for strict lockdown in Bangladesh to control coronavirus outbreak 

The economy will be greatly harmed despite the reopening while human lives will be lost if the situation spirals out of control, they warned at a dialogue via video conferencing on Thursday. Besides researchers Ahsan H Mansur and Professor Mustafizur Rahman, and business leaders Nihad Kabir and Abul Kasem Khan, former chairman of the National …Read more

Jun 042020
 
Malda takes lead in export

The export of Indian goods to Bangladesh via the Mahadipur border in Malda district started on Thursday after a gap of over 70 days. The trade came to a halt at the border, along with some other land ports of Bengal, on March 24, when the nationwide lockdown to curb the spread of Covid-19 was …Read more

Jun 042020
 
Pakistan receives Coronavirus treatment drug from Bangladesh Pharma

Bemsivir sent to Pakistan by Beximco Pharmaceuticals for Covid-19 patients by exclusive cargo flight as the coronavirus treatment drug. Coronavirus treatment drug sends by Bangladesh Pharma to Pakistan to treat coronavirus patients. Bangladeshi-based pharmaceutical company has sent drug to support treat critical Covid-19 patients. Beximco spoke persons said the medicine was sent to Pakistan on …Read more

May 192019
 
Philippines gains investments, more trade after joining BRI

Xinhua, Manila: The Philippines gained “real and actual benefits” from joining the Belt and Road Initiative (BRI), Philippine Trade and Industry Secretary Ramon Lopez said on Thursday, predicting the Philippines will continue to reap the benefits from China’s initiative. Lopez told Xinhua during a press conference arranged by the Philippine Presidential Communications Operations Office that …Read more

May 192019
 
Bangladesh will restrict import of rice, try to export

Bangladesh Finance Minister AHM Mustafa Kamal on Sunday said that the government would restrict import of rice and try to export it abroad to give relief to farmers. “From the government we’ll restrict import of rice and we’ll definitely take steps in this regard. Import of rice can’t be banned and it will not go …Read more

May 192019
 
Malaysia’s full-year growth forecast maintained at 4.7 pct

Xinhua, Kuala Lumpur: Malaysian economists have maintained Malaysia’s full-year growth forecast at 4.7 percent as they foresee the government’s recent stimulus measures will support the country’s economy. Maybank Investment Bank Research said on Friday that measures to stimulate the domestic economy have been rolled out with the central bank lowering the country’s interest rate and …Read more

May 192019
 
Mineral misery: Vietnam salt farmers battered by imports, climate

AFP, HON KHOI: The salt farmers of Hon Khoi rise before dawn as they have for generations, fanning out across shallow seawater pools in southern Vietnam to harvest the precious mineral, hoping for a better season than the last. The work is punishing and the incomes unstable, subject to seesawing demand swayed by foreign imports, …Read more