Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Tuesday, March 26, 2019 10:56:23 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

Editorial »

Nation's supreme sacrifice for independence must not go in vain


THE nation is set to celebrate 49th Independence Day and National Day today. This year, the Independence Day has got special attention following the announcement of United Nations Under-Secretary General and Special Adviser on Prevention of Genocide Adama Dieng. The special envoy on Sunday said that UN will raise the ...

Cricket »

Brian Lara hopes to witness an India-Pakistan final in WC 2019


Former West Indies legend Brian Lara predicted India as favorites to claim the World Cup title.While the cricketing interactions between sub continental arch rivals hit an all-time low in barometer following never ending political disarray, Caribean living legend has foreseen a repeat of the 2017 ICC Champions' Trophy final where ...

International »

Venezuela crisis: Russian military planes land near Caracas


Two Russian military planes landed in Venezuela's main airport on Saturday, reportedly carrying dozens of troops and large amounts of equipment.The planes were sent to "fulfil technical military contracts", Russia's Sputnik news agency reported.Javier Mayorca, a Venezuelan journalist, wrote on Twitter that he saw about 100 troops and 35 tonnes ...

International »

New Zealand's Ardern orders top-level inquiry


New Zealand's Prime Minister Jacinda Ardern has ordered a top-level inquiry into the Christchurch mosque attacks that left 50 people dead.She said a royal commission would examine whether police and intelligence services could have done more to prevent the 15 March shootings.A royal commission is the highest level of independent ...

Entertainment »

I am a part of a film that will help people see beauty in different light: Deepika


Bollywood’s leading lady Deepika Padukone has time and again exhibited her thirst for challenging roles with her diverse choice of films. Giving testimony of the same yet again, Deepika will be seen slipping into the skin of an acid victim survivor for Chhapaak and is exhilarated to give to the ...

Cricket »

Rumana receives T20 Team of the Year cap from ICC


Bangladesh Women's team star Rumana Ahmed received the 2018 ICC T20 Team of the Year cap from the International Cricket Council (ICC) on Sunday, according to a message sent by Bangladesh Cricket Board (BCB).Rumana is the first Bangladesh player to have been selected in the ICC squad. The right-arm leg-spinner ...

International »

Maduro vows ‘deep’ change in Venezuela government amid pressure


AP, Venezuela :Venezuela President Nicolas Maduro vowed a major shake-up in his government, a sign he is feeling pressure from U.S. sanctions and an international outcry for him to resign."I will in the coming hours announce new government methods and a profound change in the entire government of Venezuela," Maduro ...

Football »

England, France win big, Portugal held as Euro defense opens


AP, London :Big and slick wins for France and England. Not even a goal for Portugal.Even with Cristiano Ronaldo returning to the Portugal side for the first time since last year's World Cup, the European champions could only begin their title defense with a 0-0 home draw against Ukraine.The goals ...

Sports »

Serena survives scare to advance in Miami


AFP, Miami :Serena Williams survived an "irresponsible" second set lapse on Friday to see off Sweden's Rebecca Peterson 6-3, 1-6, 6-1 in her second-round opener of the WTA and ATP Miami Open."I wasn't really happy with my performance," admitted the 23-time Grand Slam champion, who is playing in just her ...

Entertainment »

I was lucky that it wasn't a dance-off - Alia Bhatt


An Abhishek Varman directorial, Kalank starring Alia Bhatt, Madhuri Dixit, Varun Dhawan, Aditya Roy Kapur, Sonakshi Sinha, and Sanjay Dutt has been making headlines ever since its announcement. It was just yesterday when the makers of the film dropped in the first song, titled Gharore pardesiya, featuring Alia and Madhuri ...

International »

Pope replaces Santiago bishop after abuse cover-up claims


Reuters, Vatican City :Pope Francis has accepted the resignation of Cardinal Ricardo Ezzati, the archbishop of Santiago and the highest ranking member of the Catholic Church in Chile, who has been caught up in the country's sex abuse scandal.A Vatican statement on Saturday said the pope had named Bishop Celestino ...

International »

May makes final push for Brexit deal with new timetable


Prime Minister Theresa May returns to Britain on Friday vowing to make "every effort" to win over MPs opposed to her EU divorce deal, hours after securing a delay to Brexit from European leaders in Brussels.The embattled premier faces daunting odds to persuade recalcitrant British lawmakers to back a plan ...

City »

Gonoforum President Dr. Kamal Hossain speaking at a press conference organised by Gonoforum at the Jatiya Press Club on Saturday demanding safe road.


Editorial »

Modernise the railways and make it corruption-free


BANGLADESH Railway has been showing less importance and interest to recover its grabbed lands though thousands of acres of land are now illegally possessed by a section of influential people and some organisations. It has also no visible plan to use many unused lands across the country too. An initiative ...

Editorial »

Save Halda from dying


DEPARTMENT of Environment has revealed that waste from a housing estate and some factories are polluting the Halda river in Chattogram to the extent that it caused dying of fish. Currently, the pollution of the Halda is severely affecting the livelihood of adjacent people, in particular the fishermen. In June ...

 
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