WB okays $102m to improve navigability of Jamuna

The World Bank has approved $102 million financing for Bangladesh to improve riverbank protection and navigability of the Jamuna river in an effort to save people from being displaced, protect their livelihoods, and spur economic activities. The approval came on Tuesday at a meeting of the global lender's board of directors

Country’s economy to grow slightly faster: ADB

Bangladesh's gross domestic product (GDP) is expected to grow by 6.5 percent in fiscal year (FY) 2024, compared to the 6.0 percent growth in the FY 2023, according to the latest Asian Development Bank (ADB) report released Wednesday. The slightly faster growth forecast reflects an improvement in domestic demand and better

Power Cell engages top US consultant

The government has initiated a move to gradually upgrade the existing conventional grid system to a "Smart Grid" within the next few years. As part of the move, initially the smart grid system will be established under the Power Grid Company of Bangladesh (PGCB) and Dhaka Power Distribution Company Limited (DPDC). According

Govt to procure edible oil, lentil, fertilizer

Cabinet committee on government purchase (CCGP) in a virtual meeting on Wednesday approved a number of proposals including procurement of edible oil, lentil and fertiliser. Finance Minister AHM Mustafa Kamal presided over the meeting. As per the approved proposals, placed by the Ministry of Commerce, its subordinate body Trading Corporation of Bangladesh

Progressive policies needed to build better digital lives

Telenor Asia, a prominent telco-tech company in Asia and a major investor in Grameenphone, brought together an array of influential figures, including senior government officials, industry leaders, and media representatives, for a significant industry event titled "Building Better Digital Lives for a Smart Bangladesh." The event, held at the Sheraton Dhaka

21 more factories at BSMSN will go into production in Nov

Another 21 factories in Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) are set to go into commercial production from November this year. "This industrial city has already ensured a good investment environment by ensuring all the facilities for industrial investment, including gas, electricity, and water. Already five companies have started production," said