Requirements for growth

Equip youth with skills to accelerate growth

Bangladesh's prominent strides towards a middle-income country faces many challenges, but it's also presented with many possibilities. One such possibility is unlocking the potentials of the youth, so that they can enjoy demographic dividends. Drawbacks for demographic dividends are that the proportion is increasingly being owed to elderly and dependents. Another such deficiency is the abundance of untrained and semi-skilled workforce. A significant connectivity must be created between educational institutions that communicate seamlessly with the various industries to provide highly skilled labor.

Further discussions and outlines of developmental issues were discussed in a conference on "Bangladesh: Way towards a middle income country". Policies and institutions, public perception on politicians, judiciary independence and governance agenda, uncertainty about the future reflected by private investments were some of the issues discussed in the meeting.

WB Economist speaks for Bangladesh

Bangladesh poised to be the next Asian Tiger

Bangladesh is a country on the "threshold of doing very well", said Kaushik Basu, the chief economist of World Bank who is currently on visit to this country. He also added of the possibility of Bangladesh becoming the "new Asian Tiger". He lauded the progress of several economic indicators namely per capita income, foreign direct investment and foreign exchange reserves; social  indicators are the significant poverty and mortality rate improvements. Mr. Basu furthermore highlighted pathways for improvement: infrastructure, ease of doing business, business ethos and providing training to workers.

Export health of Bangladesh

Exports to Japan will hit $2b by 2018: Tofail

Today we look at export situation of Bangladesh with a few partner countries

Doubling exports to Japan in the last five years, it could be crossing US$2 bn in 3 years ahead. Japan, opting for independence from Chinese trade, have been looking to countries such as Bangladesh to supply their domestic retailers for whom they allow duty-free access. Export consists of products of apparel, shrimp, leather and jute. Naturally, RMG has highest share (71.3%) and rising. In FY 2014-15, exports to Japan rose 6% to US$915.2 m, while imports stood at US$1.51 bn. Relations can be more in

RMG development charging ahead for Bangladesh

Govt to set up specialised bank for RMG sector (NewAge)

Our competitors are edging just ahead in the race, but Bangladesh is pushing up the competition to Vietnam, being ahead of India and Sri Lanka in absolute terms. This is what our RMG sector boasts in the first half, H1 of 2015, growing 9.47% to $2.68 billion from $2.45 billion last year’s corresponding period to the US market, however the growth being