Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Monday, June 25, 2018 08:14:29 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

Sports »

Members of England's rugby league team celebrate a win over New Zealand by raising the Rugby League Football International Challenge Cup on Saturday in Denver. England won 36-18.


International »

First Russia air strikes hit southern Syria as govt assault looms


AFP, Beirut : Russia bombed rebel-held parts of southern Syria late Saturday for the first time since brokering a ceasefire there nearly a year ago, a monitor group said, as allied regime troops prepare a ground assault.Southern Syria is a strategic prize for local and global players involved in the country's ...

International »

Zimbabwe's President narrowly escapes assassination bid


The Washington Post :Zimbabwe's election campaign season took a worrying turn Saturday afternoon when a crude bombing at a speech delivered by President Emmerson Mnangagwa appeared to be an attempt on his life.Mnangagwa had just finished giving a speech in a stadium in Zimbabwe's second-largest city, Bulawayo, when the blast ...

City »

Newly -appointed Nepalese Ambassador Dr Chop Lal Bhusal called on Prime Minister Sheikh Hasina at her office yesterday.


Editorial »

Fatal accidents are increasing, make roads and highways safe for passengers


TERMING it as the deadliest day, the news media reported that at least 55 people were killed in separate road accidents in different districts across the country on Saturday. Bangladesh Jatri Kallyan Samity said it was the highest number of casualties in a single day in recent times. An 11-member ...

Entertainment »

Richi returns to country tomorrow


Entertainment Report :In last January, popular TV actress Richi Solaiman came to Bangladesh to pass times with her mother and brother by own way. After five months, she is returning to her motherland tomorrow. This time she is coming for several reasons including to celebrate Eid-ul-Azha with her mother, to ...

Editorial »

American people rose against inhumanity of Trump`s immigration policy : Trump remains un-American


US President Donald Trump took an U-turn and changed his own policy amid strong protest by American people.  There are huge criticism and outcry in America over the way undocumented parents and children have been kept forcibly apart. He said he changed his mind by seeing images of children who ...

International »

UN Chief appeals for end to fighting in south Syria


AFP, United Nations :UN Secretary-General Antonio Guterres on Friday called for an immediate end to a military escalation in southwest Syria and a return to ceasefire arrangements agreed by Russia, the United States and Jordan.US Ambassador Nikki Haley separately urged Russia to pressure its Syrian ally to uphold the truce. ...

Football »

Nigeria`s John Obi Mikel (left) and Iceland`s Gylfi Sigurdsson compete for the ball during the group D match between Nigeria and Iceland at the 2018 soccer World Cup at the Volgograd Arena in Volgograd, Russia on Friday.


Football »

Portugal's Ruben Dias talks to journalists during a news conference prior the training session of Portugal at the 2018 soccer World Cup in Kratovo, outskirts Moscow, Russia on Saturday.


City »

Prime Minister and Awami League President Sheikh Hasina inaugurating the newly constructed building of the party's central office by releasing balloons in the city's Bangabandhu Avenue on Saturday.


Entertainment »

Sunny Leone hospitalised


Bollywood star and reality show host Sunny Leone was hospitalised on Thursday. Leone was taken to Brijesh Hospital Kashipur in the Udham Singh Nagar district of Uttarakhand on Thursday after she complained of stomach ache. However, her state was declared satisfactory on Friday morning.The doctor attending her has given the ...

Editorial »

Trump disregards the American core human right values : He is against America`s greatness


The United States withdrew from the United Nations Human Rights Council on Tuesday, condemning the "hypocrisy" of its members and its alleged "unrelenting bias" against Israel vividly face-off US stance in favour of rights violation. National and international news outlets reported that the US ambassador to the UN, Nikki Haley, ...

Entertainment »

Kriti Sanon shares glimpses from her IIFA performance


Actress Kriti Sanon took to social media to share glimpses from her upcoming electrifying performance at the IIFA awards. Kriti Sanon who landed in Bangkok on Thursday morning for IIFA wasted no time as she took to rehearsals for her much-awaited performance. Sharing insights into her performances, Kriti Sanon posted ...

Entertainment »

A fan paints a wall with Nidhhi Agerwal’s graffiti art


An ardent fan of Nidhhi Agerwal took to Twitter to share a Graffiti art of the actress painted on a wall. The fan artist painted a wall with the actress’ image giving showcasing his love for Nidhhi. The artist spent a huge amount of time getting every detail right to ...

 
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