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.

Country of steel

Bangladesh's steel sector beating global market

Stark contrast to the world steel market, Bangladesh is doing really well with a 15% increase in the steel capacity last year. With large infrastructure projects, including bridges and other major projects the steel makers are supplying happily and expecting further growth at least in the next 10 years. 2015 promises the industry to grow from a current level of just below 1 million tonnes, to over 3 million tonnes. Over four decades, the production has multiplied many folds and is expected to double in 2022.

Metro Rail developments

Expansion of metro rail line planned

A 20 km Metro-Rail line which has already been planned connecting Motijheel to Uttara, will be extended to EPZ at Savar from Uttara and to Kamlapur Railway Station from MotiJheel. The expansion was suggested as their is city expansion occurring in the north-western region owing to industrial development. The initial Mass Rapid Transit line-6 (MRT-6) was planned to be completed by the end of 2019, whereas the expansion is set upon completion for 2035. The expanded network is going to stretch along 41 km, stated the Executive Director of Dhaka Transport Coordination Authority (DTCA). The Dhaka Mass Rapid Transit Development (DMRTD) Project is a joint one with Japan (JICA), which will share with Bangladesh the technical and financial assistance.