Staff ReporterBangladesh Bank will do all to absorb the shock of cyclone Sidr and will also release dollar from its reserve for food import, if necessary, Governor Dr Salehuddin Ahmed said yesterday.The central bank chief urged the banks to forget about making profits this year as the country is passing through a tough time following [...]

Staff Reporter
The Asian Development Bank (ADB) Country Director Hua Du has said Bangladesh is going through a very difficult and challenging situation in its history after the country’s independence in 1971 due to natural calamities and impact of the international market. “The government and people of Bangladesh are really going through a difficult and challenging [...]

Staff Reporter
Disbursement of agricultural credit by the banks is paradoxically very low when farmers are hungry for money for fresh cropping and when huge money is lying idle with the banks.Time and again directives of the Bangladesh Bank (BB), in this regard, is also not heeded. BB, which set a target for the banks to [...]

Dr Mahbub Hossain said that Bangladesh needs to import a million ton of rice in order to fill in the shortage which is caused by repeated floods followed by strong storm. [Read more]

AP, GenevaImprovements to a global network of early warning systems helped save many lives in Bangladesh last week when a powerful cyclone pummeled the country’s southwestern coast, an intergovernmental group said Wednesday.The government’s official death toll Wednesday stood at 3,167, with 1,724 people missing. Though the Bangladesh Red Crescent Society has suggested the final figure [...]

Dr Mahbub Hossain said that Bangladesh needs to import a million ton of rice in order to fill in the shortage which is caused by repeated floods followed by strong storm. [Read more]

Mostafa Kamal Majumder
Cyclone SIDR that hit Bangladesh with a hurricane core of winds could not be the worse to come right at the time of harvest of Aman paddy and the production of winter vegetables that had started becoming plentiful in supply and gradually cheaper. The cyclone followed two waves of big floods that hit [...]

Pulack Ghatack
Economic crises have been exacerbating with emergence of spectre of a food crisis, for the hurricane Sidr has damaged crops in millions of acres of farmland in the country. Since Bangladesh’s economy is heavily dependent on agriculture, the catastrophic cyclone would affect the GDP growth making the targeted 7 per cent GDP growth in [...]

Pulack Ghatack
Economic crises have been exacerbating with emergence of spectre of a food crisis, for the hurricane Sidr has damaged crops in millions of acres of farmland in the country. Since Bangladesh’s economy is heavily dependent on agriculture, the catastrophic cyclone would affect the GDP growth making the targeted 7 per cent GDP growth in [...]

Staff ReporterThe devastating cyclone SIDR has damaged Aman paddy of nearly 5 lakh hectares of land on Thursday night, which will cost the country a deficit of 6 lakh metric tones.An Agriculture Ministry meeting yesterday revealed that the volume of loss of crops might increase once the comprehensive report is available within the next [...]