Feb 12, 2022


Bangladesh economy posts blistering growth, GDP growth rate rebounds

Braving the second wave of the coronavirus pandemic, the gross domestic product (GDP) growth rate of Bangladesh pulled off a 6.94% in fiscal year 2020-2021 while the per capita income increased to $2,591, way higher than the initial estimate, according to the final report of Bangladesh Bureau of Statistics (BBS). This set of accomplishments, stand out as a shining testament to the prudent and able leadership of Honourable Prime Minister (HPM) Sheikh Hasina in the country’s pursuit for becoming for a developed country by 2041. The final figure is up 1.51% points compared to the provisional estimate, thanks to the rebound of the industrial sector. Acording to a number of media reports the economic growth has been achieved largely because Bangladesh has been able to take the opportunity amid the pandemic instead of going into lockdown.

Big boost for Bangladesh’s Covid vaccination, 100 million people get 1st dose, curbs on movement extended until Feb 21

Owing to a plentiful stock of Covid vaccine, around 100 million people received the first dose of coronavirus vaccine in the country during the last one year starting from 7 February 2021. The government has also inoculated a large number of people with 2nd and booster doses of the vaccine during the period. The government is still continuing the vaccination campaign to bring the target groups of people under complete vaccination coverage in the country. The government has extended the period of the existing restrictions on people's movement and other activities until February 21 and imposed two new ones considering the worsening Covid-19 situation in the country.

More than 10 million farmers to get smart agriculture cards

The government has decided to provide farmers with smart agriculture cards to digitalise the agricultural system in the country. Under the initiative, more than 10 million will be given smart cards. To this end, a project has been taken up to provide area- and demand-based agricultural services and ensure the exchange of agricultural information required for digital analysis and management of agricultural information. Headed by HPM Sheikh Hasina, the Executive Committee of the National Economic Council (Ecnec) last week approved the pilot project, titled "Smart agriculture card and digital agriculture".

RMG exports hit $24bn in 7 months, tea production hits all-time high

With knitwear items export fetched 13.27 billion dollars apparel export marked a 30.30 percent rise year-on-year to $23.99 billion during July-January period, showed latest official export data, released last week. For the single month of January 2021, the RMG export grew by 42.71 percent and reached $4.08 billion, which is the highest ever single month export of this sector. Meanwhile, the tea production in the country has reached record 96.506 million kilograms in 2021 which is the highest in 167-year history of the tea industry, that dates back to British rule. Currently, there are a total of 167 tea gardens and small plantations in the country.

Digital business identification launched for safe e-commerce firms

The government has introduced digital business ID for more safer and secured e-commerce in the country which pledges full transparent and accountable digital transactions amid a steady rise in popularity of e-commerce platform. All those measures are put in place to ensure that customers are not deceived and that customer service is ensured. Thanks to the Digital Bangladesh initiative, as implemented by the Awami League led government, more than 1,600 e-commerce companies and nearly 500000 financial commerce companies are involved in Bangladesh's e-commerce business.

Austria keen to boost economic relations with Bangladesh, says its chancellor

On the occasion of Golden Jubilee of the diplomatic relations of the two countries, Honourable Chancellor of Australia Karl Nehammer phoned HPM Sheikh Hasina and expressed his country’s interest to become partner in Bangladesh’s development and build up economic relations with the country. In response, the Bangladesh premier expressed her gratitude to Austrian chancellor and thanked him for giving 1.5 million coronavirus vaccine as gift. Terming Bangladesh Bangladesh’s business climate very much congenial for investment, the honourable envoy expressed his interest to visit Bangladesh after HPM Sheikh Hasina invited him.

23, Bangabandhu Avenue, Dhaka-1000. Bangladesh.

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