Major commodity processors more into crushing oilseeds
Imports triple to 30 lakh tonnes in 3 years
A farmer sprays pesticides in his soybean field to control pests. The photo was taken from Char Hasan village of Subarnachar upazila in Noakhali. Photo: Star file
Local firms are gradually expanding their oilseed crushing capacities, not just to get more oil but to also cater to a growing demand for soybean meals among feed manufacturers, industry leaders said.
Two big commodity importers and processors City Group and Meghna Group of Industries (MGI) – have enlarged their abilities over threefold in the past one year.
Another major commodity trader, TK Group of Industries, is building facilities to foray into the annual soybean meal market of roughly 15 lakh tonnes for the making of poultry, fish and animal feed by dedicated mills.
Govt targets 11.9m new jobs in 5 yrs
20th December, 2020 11:19:19
The government is aiming to create 11.9 million jobs in the next five years riding on an 8 per cent plus GDP growth with the hope of speedy post-Covid-19 economic recovery.
The target is being set in the final draft of the upcoming 8th five-year plan that the Planning Commission is now preparing incorporating the pandemic impacts, Planning Commission sources said.
General Economics Division (GED) has prepared a preliminary concept paper on Employment Projection for the Eighth Five-Year Plan Period.”
“Coronavirus pandemic won’t affect the projected jobs and growth that much as corona situation is expected to cool down within one year,” commented Dr Shamsul Aalam, the chief of General Economics Division (GED).
Although Bangladesh achieved food security and improved access to food, eight percent of the households where the urban poor live still go to sleep with empty stomachs, reveals a government survey.
The first-ever study of its kind also found people of around 12 percent of the poor urban households had no food in their house.
The Urban Socioeconomic Assessment Survey (USAS) 2019 was conducted by the Bangladesh Bureau of Statistics from December 8 to 26 last year.
There was not enough food at over 21 percent of the households surveyed and 20.64 percent of the respondents could not eat what they preferred, said the survey released in the last week of November.
19 December 2020,
Child labor
Life and livelihood are tied in the same thread in recent times. There have been various problems and worries about livelihood. Many lives have stopped for Covid-19. This epidemic time explains that life is a struggle for survival. So, we have to struggle and survive. This world is very cruel today. However, many people have been accustomed to and familiar with this cruelty for many years. Poor children and street children understand what the urge for livelihood is, what hunger means. In developing countries like Bangladesh, the rate of child labor is very high. This number has also increased significantly in Covid-19. According to the South Asia Economic Focus report of the World Bank published in October, the number of poor people in Bangladesh has doubled during the Corona period. The poverty rate has increased from 12.5 percent to 22 percent. According to a report by the World Bank, Bangladesh s economic growth could fall from 7% to two or three p
Dr Zaid Bakht: An economist with a mission
Staff Correspondent
Economist Dr Zaid Bakht
Eminent economist Dr Zaid Bakht has made a significant contribution to national-level policy formulation in the field of industry, national income accounting practices, development planning and public expenditure.
The acclaimed and renowned development economist is conducting and guiding research projects in the field of development economics focusing on trade, industry, private sector, SME development, macroeconomic management and physical infrastructures.
He has been leading the transformation of the state-run Agrani Bank as the government recently extended the tenure for the third term.
From the beginning of his role as the chairman of Agrani Bank, the eminent economist has been focusing on the internal audit of Agrani Bank to ensure financial transparency.