Green Development Takes Center Stage with World Bank's $1.16B Boost

• World Bank approves $1.16B for three Bangladesh projects - Supporting health services, water access, and green initiatives Source

• Direct Bangladesh-Pakistan shipping route reduced transit times by over 50%, enhancing regional connectivity Source

• EU apparel imports from Bangladesh increased by 1.43%, marking a steady demand Source

• Chattogram Port is on track for record container handling, showcasing robust trade growth Source

• Bangladesh’s forex reserves cross $20 billion, driven by strong remittance inflows (~2B in 21 Days) Source

• LEED-certified factories reach 232 in Bangladesh, emphasizing sustainable RMG practices Source

• MFS platforms process $92M in remittance flows, gaining traction with incentives Source

• Bangladesh’s policy reforms outline the separation of revenue collection and strategy, enhancing efficiency. Source

Economy & Banking

• World Bank Approves $1.16B for Green Development and Health Projects: The funds will aid Bangladesh in improving health services, boosting water and sanitation access, and advancing green and climate-resilient development Source

• Bangladesh Signs $900M Agreements with World Bank: These funds focus on green development credit and urban infrastructure climate resilience, targeting seven major city clusters Source

• Forex Reserves Reach $20.17 Billion: Remittance inflows and eased bank restrictions contributed to this milestone, stabilizing foreign currency flow Source

• Revenue Reform Proposals Finalized: Plans include separating the National Board of Revenue’s policy and revenue collection roles, aiming to improve efficiency Source

• Short-Term External Debt Falls to $10.52B: Economic uncertainties and Industrial energy challenges have led to conservative borrowing trends Source

Business & Corporate

• ACI Motors Sells 18.5% Stake to Japan’s Mitsui: This $22.75M investment will boost global market connectivity through strategic partnerships Source

• Bangladesh Shipping Corporation Expands Fleet: The company plans to buy two bulk carriers using its own funds after repaying government loans Source

• EXIM Bank Drops Merger Plan with Padma Bank: After challenges faced by Padma Bank, EXIM Bank decided to abandon the proposed merger Source

Trade & Commerce

• Garment Workers to Receive 9% Annual Increment: This rise, effective December 1, addresses previous labor unrest and improves wage growth Source

• EU Garment Imports from Bangladesh Rise by 1.43%: Despite modest price declines, export volume continues to grow steadily Source

• Direct Bangladesh-Pakistan Shipping Route Boosts Trade: Over 1,000 containers have been shipped since October, cutting transit times by over 50% Source

• Chattogram Port to Break Annual Container-Handling Record: The port expects to handle 3.3 million TEUs by year-end, showcasing trade resilience Source

International

• Honda and Nissan Begin Merger Talks: The potential merger aims to tackle rising competition from Chinese EV manufacturers Source

• China to Peak Oil Consumption by 2027: Sinopec forecasts reduced diesel and gasoline demand, impacting global oil markets Source

• Russia Leverages Bitcoin in International Trade: Cryptocurrency payments are now used to bypass Western sanctions, supported by regulatory changes Source