Page 45 - Five Year News Today

NEC approves 8th FYP, setting target of 8.51pc growth in 2025 644 DHAKA, Dec 29, 2020 (BSS) – The National Economic Council (NEC) today approved the 8th Five Year Plan (July, 2020-June, 2025), setting a target to attain 8.51 percent GDP growth in the fiscal 2024-25 along with aiming to achieve various economic and social targets as envisioned under the country’s 2nd Perspective Plan (2021-2041). NEC Chairperson and Prime Minister Sheikh Hasina presided over the meeting virtually from her of...

NEC to approve 8th FYP (2021-2025) tomorrow 479 tomorrow to consider the 8th Five Year Plan (2021-2025) of the country in order to attain 8 percent GDP growth on average per year and also to achieve various economic and social targets during the five-year period as envisioned under the country’s 2nd Perspective Plan (2021-2041). NEC Chairperson and Prime Minister Sheikh Hasina will preside over the meeting virtually from her official Ganobhaban residence while Ministers, State Ministers and o...

It’s been a bumpy year for China-Australian bilateral relations in 2020 on the diplomatic front. How will the intensifying tensions affect economic and trade ties between the two countries? How do Australian firms evaluate the Chinese market at the moment and in the future? The Global Times (GT) recently conducted an exclusive interview with Nick Coyle, CEO of China-Australia Chamber of Commerce (AustCham China) to share insights on the topic.

Manoj Joshi Distinguished Fellow, Observer Research Foundation Some people think that the Biden era may see a reduction in the pushback that China has been facing. But the Chinese themselves are bracing for an intensification of that pressure and, indeed, a wider challenge. This is evident from the recent references to ‘National security’ in discussions in the higher echelons of the Communist Party of China (CPC). Not to forget, of course, the ramming through of the National Security Law in...

Lockheed Martin eyes fast growth in hypersonics 27 Jan: Lockheed Martin’s revenue from the rapidly growing area of hypersonic weapons could double to USD3 billion a year by the middle of the decade, according to a company official. Lockheed Martin expects to have hypersonics sales of USD1.5 billion in 2021, up 25% from USD1.2 billion in 2020, said Kenneth Possenriede, the US defence contractor’s chief financial officer. Several Lockheed Martin programmes are poised to achieve key developmen...

Soy plantation in Bolivia. China is the leading importer of soy, a commodity that drives tropical deforestation. Photo by Neil Palmer/CIAT via Wikimedia Commons A recent study by Chinese and international experts argues that China’s leaders are recognizing  the importance of greening the country’s commodity value chains. As China reassesses the vulnerability and risks of its global value chains due to the COVID-19 pandemic and considers how to build back its economy with greater resilience...

December 9th, 2020 by Kevin Rudd The following is the full text of ASPI President  Kevin Rudds prepared remarks, which he delivered in part during an Asia Society virtual discussion on December 9, 2020. While both America and the world were transfixed by the U.S. presidential election on the 3rd of November, very few people would have noticed that just five days before, China concluded a major meeting of the Central Committee of the Chinese Communist Party which outlined the core o...