Tag Archives: sector

MNA National Desk: Urging all to maintain austerity in electricity use, Prime Minister Sheikh Hasina on Thursday said it will not be possible to always provide subsidy for power generation. “It’s not always possible to give subsidy… everybody should keep it in mind,” she said. The Prime Minister said this while inaugurating two power generation stations, 11 grid sub-center, six transmission lines and 100 percent electrification activities in 31 upazilas under 18 districts across the country virtually from her official residence Ganobhaban. Sheikh Hasina said the actual cost of power generation is much higher than the price per unit at ...

MNA Business Desk: Prime minister Sheikh Hasina has called upon all concerned, including the textile sector entrepreneurs, to diversify products and expand markets to boost the country’s export income. “I think it’s very much necessary to diversify textile products by keeping consistency with the world market,” she said while inaugurating the ‘National Textile Day 2019 and Multipurpose Textile Fair’ at Bangabandhu International Conference Centre in Dhaka this morning (Thursday). The theme of the day is “Globalisation of the Textiles Sector-Sustainable Development”. She added: “Simultaneously, we have to add value to the existing products and explore new markets to raise the ...

MNA Business Desk: Prime Minister Sheikh Hasina on Wednesday announced continuation of incentives in leather sector for at least five more years aimed at achieving the desired export target of the leather and footwear industry. “The incentive in leather sector will be continued for at least five more years with a view to achieving the desired export target from the leather and footwear industry,” she said. The prime minister was addressing while inaugurating the third edition of three-day Bangladesh Leather Footwear and Leathergoods International Sourcing Show (BLLISS), 2019 at Bangabandhu International Conference Centre (BICC) in the city this morning. Noting ...

MNA Business Desk: Russia has expressed keen interest to invest in the country’s telecommunication sector for accelerating its journey towards digitization. It has also expressed willingness to extend financial and technical support to launch Bangabandhu-2 satellite. The Russian interest came at a meeting between Russian ambassador to Dhaka Alexander I Ignatov and Posts, Telecommunications and Information Technology Minister Mustafa Jabbar on Tuesday at the latter’s office in the city. A five member team of Russian satellite technology company Glavkosmos also joined the meeting led by the Russian envoy to discuss issues related to Bangabandhu-2 satellite and their interest in investing ...

MNA Business Desk: Speakers at a roundtable have urged the government to take swift measures to reform the banking sector and set up a dedicated commission to this end. Noted economist Prof Dr Mainul Islam presented the keynote paper at the programme arranged by Shushashoner Jonno Nagorik at the Jatiya Press Club on Saturday. “Finance Minister AHM Mustafa Kamal said he won’t give a single taka loan to defaulters. He applied a trick to simplify the process of writing-off bad debt. Various banks are now able to increase write-offs using this relaxed method,” he said. Writing-off more bad debts will ...

MNA Business Desk: Bangladesh needs to be serious to get the fourth pillar for its growing economy giving much importance to financial sector development to successfully make the country one of the top 20 economies of the world, says Asian Development Bank (ADB). “Financial sector development can be the fourth pillar of the Bangladesh economy,” said ADB Country Director Manmohan Parkash in an interview with UNB noting that Bangladesh economy is largely driven by domestic consumption, remittance and trade. He said preparing a 10-year roadmap for financial sector development based on three pillars of financial integration, fiscal transparency and financial ...

MNA Editorial Desk: Governance challenges in this sector exist that hinder further achievements. According to TIB’s National Household Survey (2012), 40.2% of the recipients of health services from public institutions became victims of irregularities and corruption while receiving services. Many doctors at district and upazila hospitals remain off-duty during office hours, while patients are suggested to go to private diagnostic centers or chambers. Patients at the public hospitals also have to pay bribes for beds, tests, ambulance and other services. Besides, political influence and lobbying are used for transfer or remaining in a privileged facility for longer period. For promotion ...