Economic Affairs
Money laundering threatens to render development meaningless
Former State Minister for Planning, eminent economist Dr. Shamsul Alam expressed his concern over money laundering while delivering a keynote speech at a seminar organized by the Bangladesh Agricultural Economists Association on June 20. The seminar's theme was "Bangladesh's Economy in the Global Context: Growth, Inflation, Food, and Nutrition." Dr. Shamsul Alam stated that each year, 7 to 8 billion US dollars are being laundered from Bangladesh. He identified money laundering as a significant reason behind the ongoing foreign currency reserve crisis in the country. The former State Minister also mentioned that money laundering is creating complex problems for the country's economy.
ISPR requests not to get misled by rumours over security of St. Martin’s
Inter Services Public Relation Directorate (ISPR) has urged all not to be misguided by rumours spreading through social media over the security of St. Martin’s island centering Myanmar's ongoing internal conflict near the island.
How feasible is it to achieve an ambitious export target
The Cabinet Committee on Economic Affairs has given in-principle approval to the draft of the National Export Policy for a three-year term (fiscal years 2024-2025 to 2026-2027). This approved draft of the export policy is extremely significant by any measure. The policy mentions providing subsidies and special benefits in sectors such as electricity, water, and gas, as well as offering loans at comparatively low interest rates for the highest priority and special development sectors. However, these benefits will be provided in accordance with the guidelines of the World Trade Organization (WTO).
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