Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Wednesday, December 19, 2018 08:42:49 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

PM to S'pore investors

Be our dev partners

By
14th-Mar-2018       
Comments
Share your thought
Post a comment »
Read all () »

UNB, Singapore :
Prime Minister Sheikh Hasina on Tuesday invited the business community in Singapore to be Bangladesh's partners in its journey towards economic development as the country is now transforming.
"Bangladesh has a huge young, energetic and easily trainable workforce with competitive wages. It offers opportunities for duty- and quota-free access to the markets of the EU, Australia, Canada, India, Japan and New Zealand," she said.
The Prime Minister was speaking at the opening programme of the Bangladesh-Singapore Business Forum 2018, which was jointly organised by International Enterprise Singapore, Singapore Business Federation and Bangladesh Business Chamber of Singapore (BDCham) at Shangri-La Hotel here.
Describing Bangladesh's success in the ready-made garment sector, Sheikh Hasina said the volume of textile export was almost $30 billion in 2017, the second after China, and the country wants to increase the amount to $ 50 billion by 2021. Similarly, she said, pharmaceutical items of Bangladesh are now being exported to 120 countries, including the USA and the EU, after meeting 97 percent of domestic demands. "Bangladesh is emerging fast as a major global hub for high quality, low-cost generic medicines," she said.
The Prime Minister said Bangladesh's knowledge industry, ICT and related industry are also expanding rapidly. "Shipbuilding is yet another promising industry in Bangladesh. Our builders have drawn global attention by making world-class light to medium-sized ocean-going vessels," she said.
She also informed the Singaporean business leaders that Bangladesh is now establishing 100 'Special Economic Zones (SEZs)' in different parts of the country as part of its initiative to accelerate industrialisation.
"We're also developing several hi-tech parks in Bangladesh for IT industries with foreign investment. We've a target to export $ 5 billion worth of IT goods and services by 2021," she said.
From a humble subsistence agriculture-based economy, Bangladesh is shifting towards a modern, resilient and diversified one, the Prime Minister said, adding, "The manufacturing sectors now occupy four-fifth of our GDP." She cited the prediction of Price Waterhouse Cooper in 2017 of Bangladesh as one of the three fastest growing economies globally over the next three decades with two other countries being India and Vietnam.
Leading UK Daily Financial Times in its August 8, 2017 issue stated that Bangladesh has achieved an economic miracle in the past 20 years, Hasina said. "We expect half of our population to become urbanised consumers by 2030 creating a large market."
Talking about the rapid growth of the economy, she said Bangladesh's economy posted a GDP growth rate of 7.28 percent last year while the foreign currency reserve jumped to over US$ 33 billion in 2017 from a mere $ 3.5 billion in 2005.
"Our export volume increased to $ 34.67 billion in 2016-17 fiscal year from $ 10.52 billion in 2005-06. The poverty rate has been slashed to 22 percent now from 41.5 percent in 2005 while the life expectancy has increased to 72.4 years from 65 years in 2006," she added.
At present, the prime minister said, the per capita income rose to US$ 1,610 from $ 543 in 2005.
"Bangladesh has now ranked the 33rd largest economy in the world in terms of purchasing power parity (PPP). We're expecting the United Nations to announce Bangladesh's graduation from the LDC very soon as recognition of our recent economic performances," she said.
"We're now transforming the nation into a knowledge-based society, driven by our 'Digital Bangladesh' Vision-2021. We've set a clear goal to become a middle-income country by 2021 and a developed one by 2041."

Tariff
Add Rate

News Archive

Inside The New Nation

Entertainment »

I always try to push negativity aside: Sunny Leone


Adult film star-turned-Bollywood actor Sunny Leone, who is often a target of sexist and disparaging remarks by people, says she is disturbed when "nonsense" gets highlighted."I always try to push negativity aside, but there are some things which I can't because I am also a human and I have feelings."I ...

Cricket »

Australia wins 2nd Test vs India by 146 runs, series 1-1


AP, Australia :Australia trounced India by 146 runs in the second Test to level the four-Test series 1-1 on the final day on Tuesday.Needing 287 runs to win, India resumed the day on 112-5 and was all out in a hurry for 140 in the second innings, and Australia was ...

Sports »

WTA changes rules affecting players returning from pregnancy


AP, St. Petersburg :The women's tennis tour approved rule changes Monday that are meant to ensure players are not penalized after they return from pregnancy or an injury that causes a long absence.The changes were prompted, in part, by the experiences of former No. 1 players Serena Williams and Victoria ...

Editorial »

The administration must prove its ability to hold free and fair polls


NEW United States ambassador in Dhaka Robert Earl Miller said that his country expected the upcoming December 30 elections in Bangladesh to be free, fair and credible as he paid a courtesy call on Prime Minister Sheikh Hasina. The US Ambassador informed the PM that his country would send 32 ...

Business & Economy »

Parveen Haque Sikder, EC Chairperson of National Bank Limited, inaugurating its 201st branch at Hili Land Port on Tuesday. Ali Haider Mortuza, Vice-President, other officials of the Bank, local businessmen and elites were also present.


International »

Former FBI chief lashes out at Trump, Republicans for telling `lies`


CNN, Washington :Washington (CNN)Former FBI Director James Comey slammed Republicans on Monday for not speaking out against President Donald Trump's attacks on the FBI and strongly defended the agency's conduct, following his second round of questioning at a closed-door congressional interview."Somebody has to stand up and speak for the FBI," ...

Chittagong »

A discussion meeting was held at Chattogram University of Engineering and Technology (CUET) marking the Victory Day on Sunday. Prof Dr Md Rafiqual Alam, VC of the University was present as Chief Guest.


City »

Vice-Chancellor of Dhaka University Prof Dr Akhtaruzzaman poses for photo session with the recipients of Provost Awards of Bijoy Ekattor Hall of DU in its auditorium on Tuesday.


Entertainment »

Ankhi Alamgir enthrals Kolkata audience


Entertainment Report :   In the beginning of current year popular singer Ankhi Alamgir performed in Utsab at Jodhpur Park in Kolkata. In the meantime, she also went to Kolkata for several times. On December 14, she got the opportunity to perform as a leading singer of Bangladesh at outdoor pool ...

Business & Economy »

Choudhury Atiur Rasul, Chief Financial Officer of Agricultural Marketing Company Limited (AMCL), a sister concern of PRAN Group, receiving the 'ICMAB Best Corporate Award-2017' in the Miscellaneous Manufacturing Category from Finance Minister Abul Maal Abdul Muhith, at a programme held at a hotel in the city on Saturday. Dr. M Khairul Hossain, Chairman of Bangladesh Securities and Exchange Commission and Suvod Kumar Karn, President of South Asian Federation of Accountants were also present.


.

Cricket »

Shakib Al Hasan plays a shot during the first Twenty20 International match between Bangladesh and West Indies at Sylhet International Cricket Stadium on Monday. Shakib scored 61 runs.


Cricket »

Fizz moves to top five in ODI rankings


Mustafizur Rahman has made a big leap to enter into the top five ranks of ICC ODI bowling rankings. Other Bangladeshi players have also made progress in the rankings after the end of Bangladesh-Windies ODIs.The Fizz moved five places to no.5 in the rankings. He has career-best 695 points against ...

Editorial »

Dhaka must involve ASEAN nations for early Rohingya repatriation


MALAYSIAN Prime Minister Mahathir Mohamad on Sunday asked the ASEAN nations to take tough measures for creating pressure on Myanmar and its de facto leader Aung San Suu Kyi to end atrocities against the Rohingya Muslims. More than 720,000 Rohingyas have fled Myanmar's strife-torn Rakhine State to Bangladesh since August ...

International »

Indian troops enforce lockdown to foil Kashmir public march


AP, Srinagar :Soldiers and police fanned out across Indian-controlled Kashmir on Monday to enforce a security lockdown for a second straight day to stop anti-India protests and foil a call by separatists for a march toward India's main military garrison in the disputed region.Government forces patrolled streets in the region's ...

Cricket »

Sri Lanka 275-9 at stumps on day 1, 1st Test vs New Zealand


AP, New Zealand :Tim Southee took 5-67 as New Zealand exploited an influential toss to contain Sri Lanka to 275-9 Saturday on the first day of the first cricket Test at the Basin Reserve.A late unbeaten half century by wicketkeeper Niroshan Dickwella helped swing the day a little in Sri ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news