Bangladesh economy receives 'stable' S&P rating

DHAKA: Bangladesh got its first sovereign credit rating on Tuesday, with Standard & Poor’s saying Dhaka’s economic outlook was stable but constrained by high levels of debt and poor revenue collection.
 
The move means import and export costs will be significantly lower, while the country will be able to attract more foreign direct investment, central bank governor Atiur Rahman said.

Bangladesh releases Pakistan-bound jute consignment

Friday, January 08, 2010
ISLAMABAD: After a month-long delay, the Bangladeshi government has finally released a consignment of raw jute for Pakistan which was brought for loading on ships for export, The News has learnt.

It is interesting to note that in December 2009, the Bangladeshi government had banned jute exports to Pakistan. It had also banned its export to 12 other countries.

Bangladesh to build 2.4-billion-dollar bridge

DHAKA: Bangladesh is to build the country's biggest bridge at a cost of 2.4 billion dollars in a bid to spur economic growth in its impoverished southwest, a minister said Monday.

Finance Minister A.M.A Muhith said the government would invite international tenders for the 6.15-kilometre (3.8-mile) road and rail bridge over the river Padma in February.

Construction of what will be the longest bridge in Bangladesh is set to begin in the second half of 2010.