study

Bangladesh team to study mutual business prospects in Kingdom

The Bangladesh consulate in Jeddah is working to establish channels of communication between the trading communities in the port cities of Jeddah and Chittagong.
A senior delegation is expected to visit the Kingdom soon to explore business opportunities in both countries, said Mohammed Nazmul Islam, consul general of Bangladesh in Jeddah.
Chittagong is a strategic port in Asia and the business hub of Bangladesh while Jeddah is an important port on the Red Sea.
Nazmul Islam stated that Chittagong is strategically located sharing borders with Burma, China and India while the landlocked neighbors such as Nepal and Bhutan need the port as an entry point for cargo to be transported to their countries.
Besides these two countries, the emerging economic giant India also wants access to Chittagong to send goods to its seven northeastern states.
The top priorities, which will be explored in the proposed visit by the Bangladesh delegation, will be garments, pharmaceuticals and the manpower sectors, Islam said.
The Bangladesh consul general visited the Makkah Chamber of Commerce and Industry on Wednesday to meet with officials to discuss the strengthening of business ties between the two countries. Islam was received by MCCI Vice President Mazin bin Fuad Tunsi and presented him with a memento.
The MCCI will play an important role in developing business channels between the two countries, Islam added.
“Bangladesh is expecting to receive positive news from the Kingdom in terms of manpower recruitment from Bangladesh,” he added.
Islam confirmed that the recruitment process is expected to take place soon and that the Bangladesh Embassy in Riyadh has been working closely with Saudi authorities in this regard.
Bangladesh is one of the few countries where the Haj pilgrimage costs did not surge compared to other countries owing to its strong economy.
In the last five years, its GDP has grown at an average rate of 6.3 percent per year, in the midst of one of the worst global downturns in recent times.
It has achieved its 2015 UN Millennium Development Goals two years in advance. In 2013, it had brought down the number of poor to less than 30 percent of its population — a target set for 2015 by the UN.
In most indices of human development, especially gender-related, Bangladesh has surged miles (in some cases, yards) ahead of India and other south Asian nations. Where India is unable to manage its spiraling current account deficit, Bangladesh sits on a comfortable current account surplus of $2.57 billion for the first time in history since independence.

More from study

This is why the textile industry is relocating to places like Bangladesh

If there is any doubt that the global apparel trade has involved a massive scramble to the bottom when it comes to wages and working conditions, the Center for American Progress and the anti-sweatshop Workers Rights Consortium would like to … read more

Bangladesh Budget in Brief 2013-14

  Budget speech_en 2013-14 Budget at a Glance Graph – I Non-Development and Development Budget : 2013-14 Resources Coming From Statement – I Broad Details of Revenue Receipts Statement – II Non-Development and Development Expenditure Graph – II Non-Development & Development Budget … read more

Govt prepares draft of Ticfa deal with US

Ahead of the US Secretary of State Hillary Clinton’s visit to Bangladesh, the government has prepared the draft of the Trade and Investment Cooperation Framework Agreement (Ticfa) that the two countries may sign in future. A copy of the draft … read more

Turkey – Bangladesh Relation – An Open Letter to Turkish Business Community by Prof Syed Ahsanul Alam

In Recent time  A new horizon in the relations between Bangladesh and Turkey  .prof syed Ahsanul Alam  introduced Bangladesh with an open letter to Turkish Business Community  while visiting Turkey with the Prime Minister of Bangladesh.The potential of Turkey-Bangladesh bilateral relation … read more

Optimism protects against heart attack and stroke, study shows

Stay positive – it just might save your life. New research shows being a positive-thinking person can lead to protective benefits for the heart. The study found people with a positive look at life had a reduced risk for heart … read more

Meet Mirazun Mitu studing UK ,from Bangladesh

Mirazun Mitu is a junior who is majoring in Math and Electrical Engineering. She is originally from Dhaka, Bangladesh. Dhaka is the capital of Bangladesh and has a population of 7,000,940 people. Bangladesh is located in southern Asia. “Before I … read more

Conversion to Christ in Bangladesh: marriages, social dissatisfaction and the search for God

Changing from one religion to another is a complex process where often material and spiritual interests are confused. Islam is the state religion, but the constitution guarantees freedom of religion and the conversions are generally accepted. Legal pressures for Muslims … read more

Asian University For Women Faces Problems and Flak

The Asian University for Women in Bangladesh, the dream of a U.S. lawyer of Bangladeshi origin called Muktadir Kamal Ahmad, is facing a nightmare of negative publicity. The university opened its doors in 2008 in Chittagong, Bangladesh, to offer liberal … read more

Russia has agreed to provide 85 percent of the fund for the first-ever nuclear power plant in Bangladesh.

Russia has agreed to provide 85 percent of the fund for the first-ever nuclear power plant in Bangladesh.“They [Russia] will give us the money as state credit. It will be a soft loan,” State Minister for Science and Technology Yeafesh … read more

Poverty reduction for economic development

THE impact of economic growth on the pace and magnitude of poverty reduction depends to a large extent on the nature of inequality of income arising from the very growth process. As such, the concept of pro-poor growth strategy appears … read more