Imran Khan
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fed can print dollar man
Bangladesh Economic & Infrastructure Development - Updates & Discussions
- Thread starter BDforever
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https://www.dhakatribune.com/business/2018/12/05/export-earnings-post-17-24-growth-july-november
"Bangladesh's export earnings are keeping a higher growth momentum as merchandise sales posted a17.24% increase to $17.07 billion in the July-November period of FY19."
"Export earnings went up 11.94% year-on-year to $3.42 billion in November, according to the latest data of the Export Promotion Bureau (EPB)."
"The earnings are 12% higher than the target of $15.23 billion set for the period of July-November."
"The apparel sector, the largest contributor to national exports, registered an 18.60% rise to $14.18 billion in the July-November period, which was $11.96 billion in the same period a year ago. "
Ready made garments contributed 83% of total exports and so other sectors are rising as quickly.
BD is back with a vengeance in terms of export growth.
"Bangladesh's export earnings are keeping a higher growth momentum as merchandise sales posted a17.24% increase to $17.07 billion in the July-November period of FY19."
"Export earnings went up 11.94% year-on-year to $3.42 billion in November, according to the latest data of the Export Promotion Bureau (EPB)."
"The earnings are 12% higher than the target of $15.23 billion set for the period of July-November."
"The apparel sector, the largest contributor to national exports, registered an 18.60% rise to $14.18 billion in the July-November period, which was $11.96 billion in the same period a year ago. "
Ready made garments contributed 83% of total exports and so other sectors are rising as quickly.
BD is back with a vengeance in terms of export growth.
Export earnings post 17.24% growth July-November
Ibrahim Hossain Ovi
The earnings are 12% higher than the target of $15.23 billion set for the period of July-November Syed Zakir Hossain/Dhaka Tribune
Last month rises 11.94%
Bangladesh's export earnings are keeping a higher growth momentum as merchandise sales posted a17.24% increase to $17.07 billion in the July-November period of FY19.
Export earnings went up 11.94% year-on-year to $3.42 billion in November, according to the latest data of the Export Promotion Bureau (EPB).
The ongoing US-China trade war, strong US economy, the largest destination for products originating from Bangladesh, and improved factory capacity played vital roles for the leap in the earnings, stakeholders said.
In reaction to the healthy growth of export earnings, exporters, particularly apparel manufacturers have given credit to safety standard improvement in the sector, which restored buyers’ confidence in Bangladesh for sourcing products.
On the other hand, trade analysts have attributed to ongoing trade war between US and China as well as better growth of major non-RMG items for the rise in export earnings.
According the Export Promotion Bureau (EPB) data released on Wednesday, in the July-November period of the FY19, Bangladesh’s overall export earnings stood at $17.07 billion, up by 17.24%, which was $14.56 billion in the same period of last fiscal year.
The earnings are 12% higher than the target of $15.23 billion set for the period of July-November.
“Export earnings from the apparel sector have been steadilygrowing, helping to register a double digit growth in overall exports of the country,” Exporters Association of Bangladesh (EAB) president Abdus Salam Murshedy told the Dhaka Tribune.
Apparel exports are doing better as the safety standard improvement in the sector has enhanced buyer's confidence in Bangladesh, said Salam, a former president of BGMEA.
Further, the China-US trade war helps Bangladesh to get more work orders from global brands and retailers, he added.
The apparel sector, the largest contributor to national exports, registered an 18.60% rise to $14.18 billion in the July-November period, which was $11.96 billion in the same period a year ago.
Of the total amount, Knitwear products earned $7.30 billion, which is 17% higher than the $6.24 billion in the same period a year ago. Woven products earned $6.88 billion, up by 20.33%, compared to $5.71 billion a year ago.
“It is a positive sign for Bangladesh that it maintained a double digit growth for months in the current fiscal year. I hope, the momentum of the export growth will continue helping Bangladesh to reaching its export target,” Khondaker Golam Moazzem, research director of the Centre for Policy Dialogue (CPD) told the Dhaka Tribune.
This is largely because of theongoing US-China trade war, a reason that impacted export earnings positively, said the economist.
But the impact is temporary. In making the export growth sustainable, Bangladesh has to concentrate on attracting Foreign Direct Investment (FDI) as overseas investment is also shifting along with export orders, said Moazzem.
To this end, Bangladesh needs to improve the ease of doing business by offering more trade facilities to local and foreign investors, he added.
Among the major sectors, agricultural products have posted a sharp rise by a 76.64% growth to $458.64 million in the first five months of the current fiscal year, the EPB data said.
In addition, export earnings from the pharmaceuticals sector rose by 33.96% to $58 million, plastic goods by 30% to $48.75 million, and specialized and home textiles by 54.37% and 2.92% respectively.
However, earnings from leather and leather goods witnessed a 16.11% negative growth to $434.7 million during the period, which was $518.15 million last year.
Jute and jute goods, the third largest export earners, registered a 22% negative growth to $351 million, much to the worry of huge jute farmers.
Exports of frozen and live fish also fell to $1254.51 million from $272.4 million in the same period of the last fiscal year.
https://www.dhakatribune.com/business/2018/12/05/export-earnings-post-17-24-growth-july-november
Ibrahim Hossain Ovi
- Published at 10:33 pm December 5th, 2018
The earnings are 12% higher than the target of $15.23 billion set for the period of July-November Syed Zakir Hossain/Dhaka Tribune
Last month rises 11.94%
Bangladesh's export earnings are keeping a higher growth momentum as merchandise sales posted a17.24% increase to $17.07 billion in the July-November period of FY19.
Export earnings went up 11.94% year-on-year to $3.42 billion in November, according to the latest data of the Export Promotion Bureau (EPB).
The ongoing US-China trade war, strong US economy, the largest destination for products originating from Bangladesh, and improved factory capacity played vital roles for the leap in the earnings, stakeholders said.
In reaction to the healthy growth of export earnings, exporters, particularly apparel manufacturers have given credit to safety standard improvement in the sector, which restored buyers’ confidence in Bangladesh for sourcing products.
On the other hand, trade analysts have attributed to ongoing trade war between US and China as well as better growth of major non-RMG items for the rise in export earnings.
According the Export Promotion Bureau (EPB) data released on Wednesday, in the July-November period of the FY19, Bangladesh’s overall export earnings stood at $17.07 billion, up by 17.24%, which was $14.56 billion in the same period of last fiscal year.
The earnings are 12% higher than the target of $15.23 billion set for the period of July-November.
“Export earnings from the apparel sector have been steadilygrowing, helping to register a double digit growth in overall exports of the country,” Exporters Association of Bangladesh (EAB) president Abdus Salam Murshedy told the Dhaka Tribune.
Apparel exports are doing better as the safety standard improvement in the sector has enhanced buyer's confidence in Bangladesh, said Salam, a former president of BGMEA.
Further, the China-US trade war helps Bangladesh to get more work orders from global brands and retailers, he added.
The apparel sector, the largest contributor to national exports, registered an 18.60% rise to $14.18 billion in the July-November period, which was $11.96 billion in the same period a year ago.
Of the total amount, Knitwear products earned $7.30 billion, which is 17% higher than the $6.24 billion in the same period a year ago. Woven products earned $6.88 billion, up by 20.33%, compared to $5.71 billion a year ago.
“It is a positive sign for Bangladesh that it maintained a double digit growth for months in the current fiscal year. I hope, the momentum of the export growth will continue helping Bangladesh to reaching its export target,” Khondaker Golam Moazzem, research director of the Centre for Policy Dialogue (CPD) told the Dhaka Tribune.
This is largely because of theongoing US-China trade war, a reason that impacted export earnings positively, said the economist.
But the impact is temporary. In making the export growth sustainable, Bangladesh has to concentrate on attracting Foreign Direct Investment (FDI) as overseas investment is also shifting along with export orders, said Moazzem.
To this end, Bangladesh needs to improve the ease of doing business by offering more trade facilities to local and foreign investors, he added.
Among the major sectors, agricultural products have posted a sharp rise by a 76.64% growth to $458.64 million in the first five months of the current fiscal year, the EPB data said.
In addition, export earnings from the pharmaceuticals sector rose by 33.96% to $58 million, plastic goods by 30% to $48.75 million, and specialized and home textiles by 54.37% and 2.92% respectively.
However, earnings from leather and leather goods witnessed a 16.11% negative growth to $434.7 million during the period, which was $518.15 million last year.
Jute and jute goods, the third largest export earners, registered a 22% negative growth to $351 million, much to the worry of huge jute farmers.
Exports of frozen and live fish also fell to $1254.51 million from $272.4 million in the same period of the last fiscal year.
https://www.dhakatribune.com/business/2018/12/05/export-earnings-post-17-24-growth-july-november
Bilal9
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Summit Power is one of the larger power sector investors in Bangladesh supplying to the national grid. This is their MeghnaGhat plant.
Bangladesh's Summit Power to develop $3 bln LNG-to-power project with Japanese firms
13 Mar 2018
Bangladesh's Summit Power International said on Tuesday it signed a memorandum of understanding with Japan's Mitsubishi Corp and subsidiary Diamond Gas International to develop a $3 billion LNG-to-power project.
Under the MoU, subsidiary Summit Corp, group company Summit Holdings and the Japanese firms agreed to develop an integrated liquefied natural gas (LNG) onshore receiving terminal with regasification capacity of up to 1,500 million cubic feet per day (mmcfd) at Matarbari, Moheskhali in the Bay of Bengal.
'This MoU will help Summit Power International support Bangladesh's fast-growing energy, power and technology needs,' said Muhammed Aziz Khan, the chairman of Summit Power International.
'The two groups are well-positioned to uniquely benefit from opportunities arising from the Bangladesh government's move to raise LNG imports to meet the country's domestic natural gas shortfall and expand the country's power generation capacity.'
Summit Power is the largest independent power producer in Bangladesh, representing about 21 percent of the country's private power market last year.
Summit Power is set to be the first Bangladeshi firm to list in the Singapore Exchange (SGX) by April, as it seeks to raise funds to invest in assets across Asia.
With up to 30 percent of the over 160 million people in Bangladesh lacking access to electricity, Summit hopes to invest in projects to meet that expected increase in demand, Khan told Reuters in February. Bangladesh will require about 7 million tonnes of LNG by 2022 and similar volumes of coal by 2024, Khan had said.
Diamond Gas International is a wholly-owned LNG sales subsidiary that Mitsubishi Corp established in Singapore.
Bangladesh's Summit Power to develop $3 bln LNG-to-power project with Japanese firms
13 Mar 2018
Bangladesh's Summit Power International said on Tuesday it signed a memorandum of understanding with Japan's Mitsubishi Corp and subsidiary Diamond Gas International to develop a $3 billion LNG-to-power project.
Under the MoU, subsidiary Summit Corp, group company Summit Holdings and the Japanese firms agreed to develop an integrated liquefied natural gas (LNG) onshore receiving terminal with regasification capacity of up to 1,500 million cubic feet per day (mmcfd) at Matarbari, Moheskhali in the Bay of Bengal.
'This MoU will help Summit Power International support Bangladesh's fast-growing energy, power and technology needs,' said Muhammed Aziz Khan, the chairman of Summit Power International.
'The two groups are well-positioned to uniquely benefit from opportunities arising from the Bangladesh government's move to raise LNG imports to meet the country's domestic natural gas shortfall and expand the country's power generation capacity.'
Summit Power is the largest independent power producer in Bangladesh, representing about 21 percent of the country's private power market last year.
Summit Power is set to be the first Bangladeshi firm to list in the Singapore Exchange (SGX) by April, as it seeks to raise funds to invest in assets across Asia.
With up to 30 percent of the over 160 million people in Bangladesh lacking access to electricity, Summit hopes to invest in projects to meet that expected increase in demand, Khan told Reuters in February. Bangladesh will require about 7 million tonnes of LNG by 2022 and similar volumes of coal by 2024, Khan had said.
Diamond Gas International is a wholly-owned LNG sales subsidiary that Mitsubishi Corp established in Singapore.
Imran Khan
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not a good news at all . its sucks
Bilal9
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Investment of USD 35 billion required in Bangladesh’s power sector to meet the country’s energy needs: PwC- BIPPA report
Sushanto Biswas
Significant skill upgrade and capacity building of the workforce is also key to sustain growth of the power sector in Bangladesh. This is in addition to new generating sources, a changing generation mix, increased operational efficiency, according to a new report “Transforming the Power Sector in Bangladesh”, launched by Honourable State Minister for Power, Energy and Mineral Resources, Government of Bangladesh, Nasrul Hamid during PwC and Bangladesh Independent Power Producers Association(BIPPA)’s joint event – the Bangladesh Power Conclave 2018.
There is a need to develop a more efficient, transparent, deregulated and competitive power market for the supply of reliable and cheap power to citizens in Bangladesh. Bangladesh may also need to explore other sources of financing beyond the existing ones as it is envisaged that by 2041 the country would require investment of about 35 billion USD in the power sector, the report said.
Mamun Rashid, managing partner, PwC Bangladesh said: “Bangladesh’s power sector is one of the fastest growing in the South Asian region. The sector will play an important role in helping the country achieve its socio-economic goals. However there are constraints stemming from low energy access, rapid urbanisation, vulnerability to climate change and natural disasters and limited availability of land.”
Yogesh Daruka, partner – Power & Utilities, PwC India said: “Globally, power markets are undergoing a phase of disruptive transformation. The continuous interaction of various political, technological and economical forces are catalysing what could be the most dramatic change for the sector in the past century. This is the case with Bangladesh as well. With the Government’s aggressive efforts, continuous support from the developing partners and effective implementation of policies, the country has shown remarkable progress in its journey so far. However, with these ever evolving trends, the industry further needs to adapt itself to accelerate the progress of the sector.”
Honourable State Minister for Power, Energy and Mineral Resources, Government of Bangladesh, Nasrul Hamid, said: “The Government thinks that deregulation is the future. Private sector participation in transmission and distribution will bring investment and better service in this sector. However, providing reliable and affordable electricity to our citizens remains our main agenda, which is why we are treading carefully. But we want to start private sector partnership in transmission very soon as a test case.”
Bangladesh’s installed capacity has increased remarkably in the past 10 years, from 4.5 gigawatt (GW) to 12.8 GW. According to the report, augmenting the existing electricity infrastructure of the country and an increased focus on the industrial sector could further help the country in the successful transformation of the sector.
Speaking on the sector, Latif Khan, president, BIPPA and Vice Chairman of Summit Group said: "There are certain issues concerning regulation, financing and technology prevalent in the private power generation sector today. Bangladesh's power industry today needs to address these to attain our shared goal of implementing the Private Sector Power Generation Policy (PSPGP) and Power System Master Plan (2016)."
Sushanto Biswas
- Published at 09:27 pm March 18th, 2018
Significant skill upgrade and capacity building of the workforce is also key to sustain growth of the power sector in Bangladesh. This is in addition to new generating sources, a changing generation mix, increased operational efficiency, according to a new report “Transforming the Power Sector in Bangladesh”, launched by Honourable State Minister for Power, Energy and Mineral Resources, Government of Bangladesh, Nasrul Hamid during PwC and Bangladesh Independent Power Producers Association(BIPPA)’s joint event – the Bangladesh Power Conclave 2018.
There is a need to develop a more efficient, transparent, deregulated and competitive power market for the supply of reliable and cheap power to citizens in Bangladesh. Bangladesh may also need to explore other sources of financing beyond the existing ones as it is envisaged that by 2041 the country would require investment of about 35 billion USD in the power sector, the report said.
Mamun Rashid, managing partner, PwC Bangladesh said: “Bangladesh’s power sector is one of the fastest growing in the South Asian region. The sector will play an important role in helping the country achieve its socio-economic goals. However there are constraints stemming from low energy access, rapid urbanisation, vulnerability to climate change and natural disasters and limited availability of land.”
Yogesh Daruka, partner – Power & Utilities, PwC India said: “Globally, power markets are undergoing a phase of disruptive transformation. The continuous interaction of various political, technological and economical forces are catalysing what could be the most dramatic change for the sector in the past century. This is the case with Bangladesh as well. With the Government’s aggressive efforts, continuous support from the developing partners and effective implementation of policies, the country has shown remarkable progress in its journey so far. However, with these ever evolving trends, the industry further needs to adapt itself to accelerate the progress of the sector.”
Honourable State Minister for Power, Energy and Mineral Resources, Government of Bangladesh, Nasrul Hamid, said: “The Government thinks that deregulation is the future. Private sector participation in transmission and distribution will bring investment and better service in this sector. However, providing reliable and affordable electricity to our citizens remains our main agenda, which is why we are treading carefully. But we want to start private sector partnership in transmission very soon as a test case.”
Bangladesh’s installed capacity has increased remarkably in the past 10 years, from 4.5 gigawatt (GW) to 12.8 GW. According to the report, augmenting the existing electricity infrastructure of the country and an increased focus on the industrial sector could further help the country in the successful transformation of the sector.
Speaking on the sector, Latif Khan, president, BIPPA and Vice Chairman of Summit Group said: "There are certain issues concerning regulation, financing and technology prevalent in the private power generation sector today. Bangladesh's power industry today needs to address these to attain our shared goal of implementing the Private Sector Power Generation Policy (PSPGP) and Power System Master Plan (2016)."
The Ronin
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Exclusive: Bangladesh aims for 10% annual growth
PM Hasina says nation will seek bids for a second nuclear plant next year
YUJI KURONUMA, Nikkei staff writer, and GWEN ROBINSON, Nikkei Asian Review editor-at-largeDECEMBER 06, 2018 14:21 JST
DHAKA -- Prime Minister Sheikh Hasina said Wednesday that Bangladesh's rapid economic expansion will pick up further momentum to hit 10% annual growth over the next three years.
Speaking in an exclusive interview with the Nikkei Asian Review ahead of a general election on Dec. 30, the 71-year-old leader said her nation will shed its "least developed country" status from 2024.
Hasina has overseen nearly a decade of consistent expansions of around 6% to 7%, with the economy growing 7.86% in real terms in the fiscal year that ended in June. The prime minister said growth is projected to accelerate to 8.25% this fiscal year and would continue to increase. "If elected, I can assure you that the program we have undertaken will get us up to 10% by 2021," she said.
The prime minister said Bangladesh could become Asia's fastest growing economy through a range a policies. One example she gave was the country's attempt to coax foreign companies to set up in a new network of 100 special economic zones. Currently 11 of the zones are now functioning and 79 are under construction.
The election will be a crucial test of Hasina's policies. The previous poll in 2014, in which her Awami League retained power, was boycotted by the Bangladesh National Party, the largest opposition group. The BNP, headed by jailed opposition leader Khaleda Zia, will participate this time, but opinion polls show that the Awami League is expected to win a large majority in the 300-seat parliament.
Hasina said Bangladesh will begin seeking bids for its second nuclear power plant project as soon as next year. The plant is part of Dhaka's efforts to expand and diversify the country's power supply amid its prolonged economic boom.
Natural gas accounts for 58% of Bangladesh's 17,340 megawatts of installed power generation capacity, according to the Bangladesh Power Development Board. But with domestic gas production declining, the country plans to significantly increase imports of liquefied natural gas as well as employ nuclear power and renewable energy to meet demand, which is growing by an estimated 10% annually.
Hasina has embarked on an ambitious infrastructure program since taking office in early 2009 -- she was also prime minister from 1996 to 2001. The number of power plants has grown to 121 from 27, while access to electricity has risen to 93% of the 166 million population from 47%. She has pledged 100% access by the middle of next year.
Russia and India are building the country's first nuclear plant in Rooppur in western Bangladesh. Hasina said that the facility's two reactors, with output capacity totaling 2,400 megawatts, "will start producing electricity [in] 2024."
As for the proposed second plant, "we are still searching for land," she said, adding that she hopes to build it in the south, one of the country's poorest regions.
She said Bangladesh will consider inviting proposals after the election, once the land is secured. China, which has stepped up involvement in Bangladesh in recent years under its flagship Belt and Road Initiative, has expressed interest in building the plant, according to local media reports.
Among the deals in Beijing's estimated $38 billion total investment in Bangladesh are $24 billion in bilateral assistance for infrastructure projects and $13.6 billion in joint ventures, China recently acquired a 25% stake in the Dhaka Stock Exchange after outbidding Indian rivals. Bangladesh is also one of the top importers of Chinese military hardware.
Stressing her country's "good relations" with all powers, Hasina said only that Dhaka would choose a proposal for the plant that is "suitable and comfortable for our country."
Turning to the issue of the 800,000 or so Rohingya refugees who fled from Myanmar into Bangladesh from late 2016, Hasina brushed aside concerns that the situation would become an election issue.
She said Bangladeshis felt solidarity with the Rohingya after their own experiences in the independence war with Pakistan in 1971, when an estimated 10 million fled into neighboring India. Western estimates of the death toll range from 200,000 to 2 million people.
"I am very lucky that people trusted me, when I called upon my people to recognize their suffering. If necessary, we will share our food. Our people accepted this," she said of Bangladesh taking in Rohingya refugees.
"We have done our part," she added. "We gave them shelter, we are providing them food, health care and taking care of children and taking care of women."
The two countries had agreed to commence repatriation of refugees in mid-November but these efforts stalled after the first group of returnees refused to leave. Hasina confirmed plans to relocate some refugees to new facilities on a nearby island, but rejected international concerns that the flood-prone island would be like a prison camp.
"It is a beautiful island, it is used by people to farm cattle. They can live in a better way there; children will get education, health care; we built a warehouse so we can deliver the relief. At this moment, we are preparing for 100,000. But we can take 1 million there," she said.
The prime minister repeated assurances that no refugee would be forced to return to Myanmar but called on other countries and multinational organizations to help resolve the issue. It is now the international community's turn to figure out "how to make Myanmar take back their people to their own country," she said.
https://asia.nikkei.com/Editor-s-Pi...EtRItc_6M2XDM_raeagSqeQUF7g9x3XAmDvaaIyOCEE5s
PM Hasina says nation will seek bids for a second nuclear plant next year
YUJI KURONUMA, Nikkei staff writer, and GWEN ROBINSON, Nikkei Asian Review editor-at-largeDECEMBER 06, 2018 14:21 JST
DHAKA -- Prime Minister Sheikh Hasina said Wednesday that Bangladesh's rapid economic expansion will pick up further momentum to hit 10% annual growth over the next three years.
Speaking in an exclusive interview with the Nikkei Asian Review ahead of a general election on Dec. 30, the 71-year-old leader said her nation will shed its "least developed country" status from 2024.
Hasina has overseen nearly a decade of consistent expansions of around 6% to 7%, with the economy growing 7.86% in real terms in the fiscal year that ended in June. The prime minister said growth is projected to accelerate to 8.25% this fiscal year and would continue to increase. "If elected, I can assure you that the program we have undertaken will get us up to 10% by 2021," she said.
The prime minister said Bangladesh could become Asia's fastest growing economy through a range a policies. One example she gave was the country's attempt to coax foreign companies to set up in a new network of 100 special economic zones. Currently 11 of the zones are now functioning and 79 are under construction.
The election will be a crucial test of Hasina's policies. The previous poll in 2014, in which her Awami League retained power, was boycotted by the Bangladesh National Party, the largest opposition group. The BNP, headed by jailed opposition leader Khaleda Zia, will participate this time, but opinion polls show that the Awami League is expected to win a large majority in the 300-seat parliament.
Hasina said Bangladesh will begin seeking bids for its second nuclear power plant project as soon as next year. The plant is part of Dhaka's efforts to expand and diversify the country's power supply amid its prolonged economic boom.
Natural gas accounts for 58% of Bangladesh's 17,340 megawatts of installed power generation capacity, according to the Bangladesh Power Development Board. But with domestic gas production declining, the country plans to significantly increase imports of liquefied natural gas as well as employ nuclear power and renewable energy to meet demand, which is growing by an estimated 10% annually.
Hasina has embarked on an ambitious infrastructure program since taking office in early 2009 -- she was also prime minister from 1996 to 2001. The number of power plants has grown to 121 from 27, while access to electricity has risen to 93% of the 166 million population from 47%. She has pledged 100% access by the middle of next year.
Russia and India are building the country's first nuclear plant in Rooppur in western Bangladesh. Hasina said that the facility's two reactors, with output capacity totaling 2,400 megawatts, "will start producing electricity [in] 2024."
As for the proposed second plant, "we are still searching for land," she said, adding that she hopes to build it in the south, one of the country's poorest regions.
She said Bangladesh will consider inviting proposals after the election, once the land is secured. China, which has stepped up involvement in Bangladesh in recent years under its flagship Belt and Road Initiative, has expressed interest in building the plant, according to local media reports.
Among the deals in Beijing's estimated $38 billion total investment in Bangladesh are $24 billion in bilateral assistance for infrastructure projects and $13.6 billion in joint ventures, China recently acquired a 25% stake in the Dhaka Stock Exchange after outbidding Indian rivals. Bangladesh is also one of the top importers of Chinese military hardware.
Stressing her country's "good relations" with all powers, Hasina said only that Dhaka would choose a proposal for the plant that is "suitable and comfortable for our country."
Turning to the issue of the 800,000 or so Rohingya refugees who fled from Myanmar into Bangladesh from late 2016, Hasina brushed aside concerns that the situation would become an election issue.
She said Bangladeshis felt solidarity with the Rohingya after their own experiences in the independence war with Pakistan in 1971, when an estimated 10 million fled into neighboring India. Western estimates of the death toll range from 200,000 to 2 million people.
"I am very lucky that people trusted me, when I called upon my people to recognize their suffering. If necessary, we will share our food. Our people accepted this," she said of Bangladesh taking in Rohingya refugees.
"We have done our part," she added. "We gave them shelter, we are providing them food, health care and taking care of children and taking care of women."
The two countries had agreed to commence repatriation of refugees in mid-November but these efforts stalled after the first group of returnees refused to leave. Hasina confirmed plans to relocate some refugees to new facilities on a nearby island, but rejected international concerns that the flood-prone island would be like a prison camp.
"It is a beautiful island, it is used by people to farm cattle. They can live in a better way there; children will get education, health care; we built a warehouse so we can deliver the relief. At this moment, we are preparing for 100,000. But we can take 1 million there," she said.
The prime minister repeated assurances that no refugee would be forced to return to Myanmar but called on other countries and multinational organizations to help resolve the issue. It is now the international community's turn to figure out "how to make Myanmar take back their people to their own country," she said.
https://asia.nikkei.com/Editor-s-Pi...EtRItc_6M2XDM_raeagSqeQUF7g9x3XAmDvaaIyOCEE5s
All Jews are not Israelis
Homo Sapiens
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http://unb.com.bd/category/Business/industrl-sector-contributes-3371-in-gdp/7930
Industrial sector contributes 33.71% in GDP
Dhaka, December 6 (UNB): The Industries Minister Amir Hossain Amu today told that the industry sector is now contributing 33.71% in the Gross Domestic Products (GDP) of the country which was 17.77% in FY 2007-2008.
“We have noticed a positive change in the economic sector following good performance of the industry factories and various proper steps in the last five years. The country per capita income is now $1751 which $917 was in 2009” he also said.
The senior minister made these while addressing at a press briefing on the ministry’s success in the last five years held at his department on Thursday.
Amir Hossain Amu further said: “The country’s export income went up $36.67 billion in 2017-18 Fiscal Year which was $14.11 billion in FY2007-2008.
“To achieve sustainable and skill base industrialization, However, the ministry has taken various policy including National Industry policy-2016, Motorcycle industry development policy-2018, handicraft policy-2015, National Small and Medium-Sized Enterprises (SME) Policy, Geographical Indication (GI) act 2013, and “Bangladesh Ship Recycling Bill, 2018”,” he added.
He further added that An Active Pharmaceutical Ingredients (API) industrial park of public-private partnership was set up on more than 200 acre land costing Tk381 crore in Gazaria of Munsiganj. Raw materials of medicine will be produced on 42 plots in the city.
“Bangladesh Small and Cottage Industries Corporation (BSCIC) is being built on 400 acre land costing 628.10 crore in Sirajganj to strengthen rural economy. Around 100000 people will be employed in jobs there. Besides, the construction work of Light engineering, plastic, comical and printing industrial city is being continued in Dhaka and its surrounding areas,” he also said.
Amu further added that Re-rolling mill Dhaka steel workers limited under Bangladesh Steel and Engineering Corporation (BSEC) has been stated again after 24 years and environment friendly Bangladesh Ship Recycling activities were announced as industry. Besides, we have become able to bring manufacturing position from motorcycle assembling system.
“A regional office of South Asian Regional Standers Organization (SARSO) has been set up for open business in the countries of South Asian Association for Regional Cooperation (SAARC). Besides, a bilateral investment agreement was signed between Bangladesh and Cambodia in the last five years. Meanwhile, database and apps have been prepared in the industrial factories of the country. Different information can be known about the boilers by using the apps,” the minister also added.
Industrial sector contributes 33.71% in GDP
- UNB NEWS
- PUBLISH DATE - DECEMBER 06, 2018, 10:04 PM
Dhaka, December 6 (UNB): The Industries Minister Amir Hossain Amu today told that the industry sector is now contributing 33.71% in the Gross Domestic Products (GDP) of the country which was 17.77% in FY 2007-2008.
“We have noticed a positive change in the economic sector following good performance of the industry factories and various proper steps in the last five years. The country per capita income is now $1751 which $917 was in 2009” he also said.
The senior minister made these while addressing at a press briefing on the ministry’s success in the last five years held at his department on Thursday.
Amir Hossain Amu further said: “The country’s export income went up $36.67 billion in 2017-18 Fiscal Year which was $14.11 billion in FY2007-2008.
“To achieve sustainable and skill base industrialization, However, the ministry has taken various policy including National Industry policy-2016, Motorcycle industry development policy-2018, handicraft policy-2015, National Small and Medium-Sized Enterprises (SME) Policy, Geographical Indication (GI) act 2013, and “Bangladesh Ship Recycling Bill, 2018”,” he added.
He further added that An Active Pharmaceutical Ingredients (API) industrial park of public-private partnership was set up on more than 200 acre land costing Tk381 crore in Gazaria of Munsiganj. Raw materials of medicine will be produced on 42 plots in the city.
“Bangladesh Small and Cottage Industries Corporation (BSCIC) is being built on 400 acre land costing 628.10 crore in Sirajganj to strengthen rural economy. Around 100000 people will be employed in jobs there. Besides, the construction work of Light engineering, plastic, comical and printing industrial city is being continued in Dhaka and its surrounding areas,” he also said.
Amu further added that Re-rolling mill Dhaka steel workers limited under Bangladesh Steel and Engineering Corporation (BSEC) has been stated again after 24 years and environment friendly Bangladesh Ship Recycling activities were announced as industry. Besides, we have become able to bring manufacturing position from motorcycle assembling system.
“A regional office of South Asian Regional Standers Organization (SARSO) has been set up for open business in the countries of South Asian Association for Regional Cooperation (SAARC). Besides, a bilateral investment agreement was signed between Bangladesh and Cambodia in the last five years. Meanwhile, database and apps have been prepared in the industrial factories of the country. Different information can be known about the boilers by using the apps,” the minister also added.
Dubious
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JohnWick
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Hey buddy!
I also unable to introduce myself to you I am an MBBS student in Nishtar Medical University Multan.You can delete any of my post you want.but buddy plz also asked Bangladeshi not to hit our PM Imran Khan.......
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Black_cats
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Exclusive: Bangladesh aims for 10% annual growth
https://asia.nikkei.com/Editor-s-Picks/Interview/Exclusive-Bangladesh-aims-for-10-annual-growth
PM Hasina says nation will seek bids for a second nuclear plant next year
YUJI KURONUMA, Nikkei staff writer, and GWEN ROBINSON, Nikkei Asian Review editor-at-largeDECEMBER 06, 2018 14:21 JST
Bangladesh Prime Minister Sheikh Hasina predicts that her government will boost growth as high as 10% if she is re-elected this month. (Photo by Akira Kodaka)
DHAKA -- Prime Minister Sheikh Hasina said Wednesday that Bangladesh's rapid economic expansion will pick up further momentum to hit 10% annual growth over the next three years.
Speaking in an exclusive interview with the Nikkei Asian Review ahead of a general election on Dec. 30, the 71-year-old leader said her nation will shed its "least developed country" status from 2024.
Hasina has overseen nearly a decade of consistent expansions of around 6% to 7%, with the economy growing 7.86% in real terms in the fiscal year that ended in June. The prime minister said growth is projected to accelerate to 8.25% this fiscal year and would continue to increase. "If elected, I can assure you that the program we have undertaken will get us up to 10% by 2021," she said.
The prime minister said Bangladesh could become Asia's fastest growing economy through a range a policies. One example she gave was the country's attempt to coax foreign companies to set up in a new network of 100 special economic zones. Currently 11 of the zones are now functioning and 79 are under construction.
The election will be a crucial test of Hasina's policies. The previous poll in 2014, in which her Awami League retained power, was boycotted by the Bangladesh National Party, the largest opposition group. The BNP, headed by jailed opposition leader Khaleda Zia, will participate this time, but opinion polls show that the Awami League is expected to win a large majority in the 300-seat parliament.
The streets of Dhaka (Photo by Takaki Kashiwabara)
Hasina said Bangladesh will begin seeking bids for its second nuclear power plant project as soon as next year. The plant is part of Dhaka's efforts to expand and diversify the country's power supply amid its prolonged economic boom.
Natural gas accounts for 58% of Bangladesh's 17,340 megawatts of installed power generation capacity, according to the Bangladesh Power Development Board. But with domestic gas production declining, the country plans to significantly increase imports of liquefied natural gas as well as employ nuclear power and renewable energy to meet demand, which is growing by an estimated 10% annually.
Hasina has embarked on an ambitious infrastructure program since taking office in early 2009 -- she was also prime minister from 1996 to 2001. The number of power plants has grown to 121 from 27, while access to electricity has risen to 93% of the 166 million population from 47%. She has pledged 100% access by the middle of next year.
Russia and India are building the country's first nuclear plant in Rooppur in western Bangladesh. Hasina said that the facility's two reactors, with output capacity totaling 2,400 megawatts, "will start producing electricity [in] 2024."
As for the proposed second plant, "we are still searching for land," she said, adding that she hopes to build it in the south, one of the country's poorest regions.
She said Bangladesh will consider inviting proposals after the election, once the land is secured. China, which has stepped up involvement in Bangladesh in recent years under its flagship Belt and Road Initiative, has expressed interest in building the plant, according to local media reports.
Among the deals in Beijing's estimated $38 billion total investment in Bangladesh are $24 billion in bilateral assistance for infrastructure projects and $13.6 billion in joint ventures, China recently acquired a 25% stake in the Dhaka Stock Exchange after outbidding Indian rivals. Bangladesh is also one of the top importers of Chinese military hardware.
Stressing her country's "good relations" with all powers, Hasina said only that Dhaka would choose a proposal for the plant that is "suitable and comfortable for our country."
Rohingya refugee children pose for a picture at the Balukhali camp in Cox's Bazar © Reuters
Turning to the issue of the 800,000 or so Rohingya refugees who fled from Myanmar into Bangladesh from late 2016, Hasina brushed aside concerns that the situation would become an election issue.
She said Bangladeshis felt solidarity with the Rohingya after their own experiences in the independence war with Pakistan in 1971, when an estimated 10 million fled into neighboring India. Western estimates of the death toll range from 200,000 to 2 million people.
"I am very lucky that people trusted me, when I called upon my people to recognize their suffering. If necessary, we will share our food. Our people accepted this," she said of Bangladesh taking in Rohingya refugees.
"We have done our part," she added. "We gave them shelter, we are providing them food, health care and taking care of children and taking care of women."
The two countries had agreed to commence repatriation of refugees in mid-November but these efforts stalled after the first group of returnees refused to leave. Hasina confirmed plans to relocate some refugees to new facilities on a nearby island, but rejected international concerns that the flood-prone island would be like a prison camp.
"It is a beautiful island, it is used by people to farm cattle. They can live in a better way there; children will get education, health care; we built a warehouse so we can deliver the relief. At this moment, we are preparing for 100,000. But we can take 1 million there," she said.
The prime minister repeated assurances that no refugee would be forced to return to Myanmar but called on other countries and multinational organizations to help resolve the issue. It is now the international community's turn to figure out "how to make Myanmar take back their people to their own country," she said.
https://asia.nikkei.com/Editor-s-Picks/Interview/Exclusive-Bangladesh-aims-for-10-annual-growth
PM Hasina says nation will seek bids for a second nuclear plant next year
YUJI KURONUMA, Nikkei staff writer, and GWEN ROBINSON, Nikkei Asian Review editor-at-largeDECEMBER 06, 2018 14:21 JST
Bangladesh Prime Minister Sheikh Hasina predicts that her government will boost growth as high as 10% if she is re-elected this month. (Photo by Akira Kodaka)
DHAKA -- Prime Minister Sheikh Hasina said Wednesday that Bangladesh's rapid economic expansion will pick up further momentum to hit 10% annual growth over the next three years.
Speaking in an exclusive interview with the Nikkei Asian Review ahead of a general election on Dec. 30, the 71-year-old leader said her nation will shed its "least developed country" status from 2024.
Hasina has overseen nearly a decade of consistent expansions of around 6% to 7%, with the economy growing 7.86% in real terms in the fiscal year that ended in June. The prime minister said growth is projected to accelerate to 8.25% this fiscal year and would continue to increase. "If elected, I can assure you that the program we have undertaken will get us up to 10% by 2021," she said.
The prime minister said Bangladesh could become Asia's fastest growing economy through a range a policies. One example she gave was the country's attempt to coax foreign companies to set up in a new network of 100 special economic zones. Currently 11 of the zones are now functioning and 79 are under construction.
The election will be a crucial test of Hasina's policies. The previous poll in 2014, in which her Awami League retained power, was boycotted by the Bangladesh National Party, the largest opposition group. The BNP, headed by jailed opposition leader Khaleda Zia, will participate this time, but opinion polls show that the Awami League is expected to win a large majority in the 300-seat parliament.
Hasina said Bangladesh will begin seeking bids for its second nuclear power plant project as soon as next year. The plant is part of Dhaka's efforts to expand and diversify the country's power supply amid its prolonged economic boom.
Natural gas accounts for 58% of Bangladesh's 17,340 megawatts of installed power generation capacity, according to the Bangladesh Power Development Board. But with domestic gas production declining, the country plans to significantly increase imports of liquefied natural gas as well as employ nuclear power and renewable energy to meet demand, which is growing by an estimated 10% annually.
Hasina has embarked on an ambitious infrastructure program since taking office in early 2009 -- she was also prime minister from 1996 to 2001. The number of power plants has grown to 121 from 27, while access to electricity has risen to 93% of the 166 million population from 47%. She has pledged 100% access by the middle of next year.
Russia and India are building the country's first nuclear plant in Rooppur in western Bangladesh. Hasina said that the facility's two reactors, with output capacity totaling 2,400 megawatts, "will start producing electricity [in] 2024."
As for the proposed second plant, "we are still searching for land," she said, adding that she hopes to build it in the south, one of the country's poorest regions.
She said Bangladesh will consider inviting proposals after the election, once the land is secured. China, which has stepped up involvement in Bangladesh in recent years under its flagship Belt and Road Initiative, has expressed interest in building the plant, according to local media reports.
Among the deals in Beijing's estimated $38 billion total investment in Bangladesh are $24 billion in bilateral assistance for infrastructure projects and $13.6 billion in joint ventures, China recently acquired a 25% stake in the Dhaka Stock Exchange after outbidding Indian rivals. Bangladesh is also one of the top importers of Chinese military hardware.
Stressing her country's "good relations" with all powers, Hasina said only that Dhaka would choose a proposal for the plant that is "suitable and comfortable for our country."
Turning to the issue of the 800,000 or so Rohingya refugees who fled from Myanmar into Bangladesh from late 2016, Hasina brushed aside concerns that the situation would become an election issue.
She said Bangladeshis felt solidarity with the Rohingya after their own experiences in the independence war with Pakistan in 1971, when an estimated 10 million fled into neighboring India. Western estimates of the death toll range from 200,000 to 2 million people.
"I am very lucky that people trusted me, when I called upon my people to recognize their suffering. If necessary, we will share our food. Our people accepted this," she said of Bangladesh taking in Rohingya refugees.
"We have done our part," she added. "We gave them shelter, we are providing them food, health care and taking care of children and taking care of women."
The two countries had agreed to commence repatriation of refugees in mid-November but these efforts stalled after the first group of returnees refused to leave. Hasina confirmed plans to relocate some refugees to new facilities on a nearby island, but rejected international concerns that the flood-prone island would be like a prison camp.
"It is a beautiful island, it is used by people to farm cattle. They can live in a better way there; children will get education, health care; we built a warehouse so we can deliver the relief. At this moment, we are preparing for 100,000. But we can take 1 million there," she said.
The prime minister repeated assurances that no refugee would be forced to return to Myanmar but called on other countries and multinational organizations to help resolve the issue. It is now the international community's turn to figure out "how to make Myanmar take back their people to their own country," she said.
"but opinion polls show that the Awami League is expected to win a large majority in the 300-seat parliament."
We need another Awami League term to secure the long term future of the economy and military.
We need another Awami League term to secure the long term future of the economy and military.
Bilal9
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Well OT though it is - we have at least a 'two-millioner' estimate now, going by 'Western estimates'. No sources attributed however _and_ on how that number was arrived at. Not doubting it - I am interested however in the methods used.
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