APRIL 2021 – SBBC WISHES YOU HAPPY BENGALI NEW YEAR 1428. STAY SAFE!

Visit following website for the current stutas of COVID-19 in Bangladesh . Click here> Coronavirus disease (COVID-19) update and for travel restrictions to Bangladesh visit Bangladesh Embassy in Stockholm click here>

Bangladesh is the most gender-equal country in South Asia for the seventh time in a row, according to the Global Gender Gap Report produced by the World Economic Forum (WEF). Bangladesh has managed to stay ahead of its regional neighbours since 2014. Read more click here>

World Bank Bangladesh – The latest Bangladesh Development Update shows that the economy is showing early signs of recovery with a rebound in exports, strong remittance inflows and the ongoing vaccination program. Read more click here>

Startup Bangladesh, the flagship VC fund of the country’s ICT Ministry, announced the launch of its US$65 million fund. This fund called ShotoBorshe Shoto Asha, the fund has already invested in seven startups as of March 31 and it aims to back 50 companies by the end of the year, according to a statement. Read more click here>

Incepta Pharmaceuticals authorities say it has the capacity to produce 1.2 billion single doses of bacterial and viral vaccines. If approved, the company will be able to make Covid-19 vaccine in the country, said the company. Read more click here>

Bangladesh Bank (BB) will provide a total of Tk 600 billion financing to Small and Medium Enterprises (SMEs) by 2023 to ensure economic resilience that will enhance GDP, employment, and inclusive development. Deputy Governor of the central bank Abu Farah Md Naser said this at the Virtual Dialogue titled “Creating Resilient Recovery for Businesses through Enhancing Investment Opportunities: A Case of Southwest Bangladesh.” Read more click here>

Factory owners in Bangladesh’s huge garment industry will get helping installing rooftop solar after the sector’s main trade body signed a memorandum of understanding with the government’s Sustainable and Renewable Energy Development Authority (SREDA). The government body will help Bangladesh Garment Manufacturers and Exporters Association (BGMEA) members benefit from improved energy efficiency and rooftop solar, including through access to installation information and low-cost finance. Read more click here>

Bangladesh Construction and Infrastructure Market Analysis and Forecast 2020-2026 report helps the clients to take business decisions and to understand the strategies of major players in the industry. The report also calls for market-driven results deriving feasibility studies for client needs. Read more click here>

Dutch development bank FMO has approved a $50 million investment in Bangladesh-based microfinance lender BRAC. BRAC has a microfinance loan portfolio of $3.2 billion and serves more than 7.4 million customers in more than 69,000 villages, according to an FMO disclosure. BRAC focuses on primary education, essential health care and agricultural support, along with female empowerment, microfinance and enterprise development, thereby creating opportunities for people at the bottom of the pyramid in Bangladesh. Read more click here>

The economy has undergone a transformation over the past two decades, spearheaded by a rapid expansion of the garment industry, which has acted as a catalyst for women empowerment. This has also contributed to raising per capita income, with Bangladesh now reaching lower middle-income country status. Read more click here>

First GREEN BOND – Bangladesh has approved its first green bond, to finance environmentally-friendly projects including renewables. Read more click here>

The democratic situation in Bangladesh is declining as the country’s position in the liberal democracy index and electoral democracy index are weakening, Sweden-based research organisation Varieties of Democracy (V-Dem) in a report indicated. V-Dem Institute of Gothenburg University has been measuring democracy around the world for the last five years. Read more click here>

Bangladesh joins hydrogen energy race – The Bangladeshi government has launched a pilot hydrogen production project as part of its effort to reduce the country’s dependency on fossil fuels and accelerate the transition to clean energy. Read more click here>

Bangladesh has come second on a list comparing ethical auditing practices of major countries undergoing industrialisation, that too during the 2020 pandemic period, according to a first quarter report by supply chain compliance solutions provider QIMA released last week. Read more click here>

Salman F Rahman, the private industry and investment adviser to the prime minister, yesterday said that the judicial system needs major reforms for Bangladesh to do better on the Ease of Doing Business index. Salman also said that Bangladesh should have policy reforms throughout the taxation system. For more revenue generation, he emphasized widening the tax net. Read more click here>

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