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Standard Bank Ltd. || TAO (20-07-2018) || 2018

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Blue Economy of Bangladesh

Blue economy has become a part and parcel of Bangladesh's development agenda. Now, we just need to conserve and sustainable use of the oceans and seas and marine resources for sustainable development. The delimitation of sea boundary with Myanmar and India has indeed opened up a new window of opportunities in terms of harnessing resources and enhancing existing external trade. Bangladesh, a unique delta has been blessed with nice sea outlet. They Bay of Bengal and coastal areas can be the powerhouse of our national economy.

Fishery is one of the most important sectors of blue economy. Fish makes up 15% of animal protein consumed globally and the value of fish traded by developing countries is estimated at 25 billion dollar. These are about 475 species of fish found in Bangladesh EEZ compared to 250 species on land. About 80 million tons fishes are caught every year in the Bay of Bengal. Bangladesh's fisherman can reap only 7 million tones. Rest of the fishes are caught by the fishermen of Myanmar and India.

Bangladesh has so far discovered 26 gas fields by which we had about 27 TFC (Trillion Cubic Feet) gas. But we have already exhausted well over 14 TFC. In the face of ever-increasing demand of gas in the country, this reserve would run within 10 to 15 years. And there is no real possibility of finding more gas fields in the near future. Under such circumstances, there is no option left for Bangladesh other than exploring gas blocks in the Bay of Bengal. Because, according to a recent survey, jointly conducted by Petrobangla and United States Geological Survey (USGS), there is a huge amount of gas reserve in the Bangladesh Maritime area of the Bay of Bengal.

Shipping and port facilities are considered as the backbone of blue economy. Bangladesh as a coastal state needs to stands out prominently in terms of part facilities and capacities to keep pace with the growing trade. Around 600 ships anchor in Chittagong and Mongla port per year. Certainly, the number can be substantially increased and Bangladesh can earn a hefty amount of money as port duties with the opening out of blue economy.

Bangladesh's expressed desire to be the middle income country within the shortest possible time. It can reach at the earliest an even greater destination if the prospect of the country's blue economy is properly be harnessed. But the thrust should be given now for developing experts and technicians to exploit our marine resources in the Bay of Bengal. It is necessary for us to keep in mind that time is a great factor for advancing our economy in this competitive world.

9 months ago

China's surplus with the United States hit a record last month.

= গত মাসে যুক্তরাষ্ট্রের সাথে চীনের উদ্বৃত্ত বাণিজ্য রেকর্ড পরিমাণে পৌঁছায়।

9 months ago

Many businessmen went into hiding failing to repay their loans in this country.

= এই দেশের অনেক ব্যবসায়িক ঋণ পরিশোধ করতে না পেরে আত্নগোপন করে।

9 months ago

Religious enforcement has far-reaching impacts in villages that go beyond freedom of expression.

= গ্রামগুলোতে ধর্মীয় কার্যকারীতার একটি সুদূর প্রসারী প্রভাব রয়েছে যা বাক্ স্বাধীনতার উর্ধ্বে ।

9 months ago

Yet even after having a booming economy, millions of youth are struggling with unemployment.

= অর্থনীতিতে সমৃদ্ধি অর্জনের পরও লক্ষ লক্ষ যুবক বেকার রয়েছে।

9 months ago

Depending completely on some institution to curb unemployment is not an ideal option.

= বেকার সমস্যার সমধানের জন্য কিছু প্রতিষ্ঠানের উপর পুরোপুরি নির্ভর করাটা কোনো আদর্শ ধারণা নয় ।

9 months ago

প্রাকৃতিক উৎসের মাছে বাংলাদেশ বিশ্বে তৃতীয়।

= Bangladesh is second in terms of natural sources of fish.

9 months ago

ব্যাংকের কার্যক্রমে অবিশ্বাস দেখা দিয়েছে।

= There has been a untrustworthiness in the banking activities.

9 months ago

শিক্ষা এবং স্বাস্থ্যে সবচেয়ে কম ব্যয় করে বাংলাদেশ।

= Bangladesh spends the least in education and health.

9 months ago

ব্যবসা ও যোগাযোগ প্রযুক্তি খাতে সাইবার হুমকি বাড়ছে ।

= Cyber threat is going up in commerce and communication technology.

9 months ago

শীত, গ্রীষ্ম, শরৎ সব ঋতুতেই চলছে বৃষ্টির দাপট।

= Rain is predominating in all the winter, summer and autumn seasons.

9 months ago

প্রশ্নে বলা হচ্ছে যে, 60 লিটারের একটি মিশ্রণে দুধ ও পানি 2 : 1 অনুপাতে আছে। কতটুকু পানি মেশালে দুধ ও পানির অনুপাত 1 : 2 হবে?

Sum of the given ratio = 2 + 1 = 3

∴ Quantity of milk = 60 of 23 = 40 liters

Hence, quantity of water will be = 60-40 = 20 liters

Assume, x liters water needs to be added.

∴ According to question, 40x+20 = 12

 x+20 = 80 x = 80 - 20 = 60  x = 60 So, 60 liters water needs to be added.

9 months ago

Given x = 3 +22

 x = 25  52 = x  5 = x  x = 5 Now, x - 1x = 5 - 15 Putting the value of x = 25-15 = 245  x - 1x = 245

9 months ago