Business Desk :Bangladesh expects to receive $12 billion to $15 billion in credit support from the Asian Development Bank (ADB)...
Business Desk :The Asian Development Bank (ADB) on Tuesday announced plans to provide at least $14 billion over 2022-2025 in a comprehensive program of support to ease a worsening food crisis in Asia and the Pacific.The fund will also be used to improve long-term food security by strengthening food systems against the impacts of climate change and biodiversity loss, said a press release.The assistance expands ADB’s already significant support for food security in the region, where nearly 1.1 billion people...
Business Desk :Bangladesh should go for regulatory and taxation reforms along with building level playing fields for local and foreign firms to attract more foreign direct investment from the European Union, EU Ambassador Charles Whiteley said on Tuesday.Sky is the limit for EU’s investment for Bangladesh, but for that regulatory reforms are needed to attract investment from the European nations, the ambassador said.The general inflow of FDI from the EU to Bangladesh was good over the last five years when...
Business Desk :The Chattogram port must fast-track the unloading of goods, install modern equipment, and improve service quality in order to cut congestion and facilitate Bangladesh’s fast-expanding global trade, speakers said on Tuesday.“The system of releasing goods from the Chittagong port is quite complex. We need to get out of this as soon as possible,” said Bangladesh Freight Forwarders Association Vice President Khairul Alam Sujan.He urged the customs authorities to extend support to this end.He spoke at a roundtable titled...
Reuters :Rocketing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of a handful of international energy majors and top global trading houses.This grip is not expected to ease until 2026 when more liquefied natural gas (LNG) starts to materialise and lower prices, adding to supply worries for poorer states reliant on it to generate power and driving up costs for big Asia economies, reports Reuters.The global LNG market has more than doubled...