A seminar on ‘Chartered Acountancy: Career excellence’ a career oriented program organized by the Institute of Chartered Accounts of Bangladesh (ICAB) in association with the department of Accounting and Information Systems (AIS) of Rajshahi University (RU) was held at the…
The Appellate Division of the Supreme Court (SC) on Sunday asked two high officials of Destiny Group to deposit Tk 2,500 crore to the government treasury within six months to get bail in two money-laundering cases.The two Destiny officials are…
Dhaka – The Executive Committee of the National Economic Council (Ecnec) on Thursday approved the ‘Bangladesh Regional Domestic Shipping Transport Project-1 with an outlay of Tk 3,20 billion, aiming to ensure safe journeys of passengers and goods transportation through Chittagong-Dhaka-Ashuganj…
Hundreds of Bangladeshi citizens, who come to India for medical treatment, have been adversely affected by India’s sudden demonetisation of higher value currency notes.India announced on Tuesday that its 1,000 and 500 rupee notes will no longer be valid tender…
Dhaka – Currency notes of Rs 500 and Rs 1000 denominations will not be legal tender beginning November 9. This was announced by Prime Minister Narendra Modi in a special address to the nation on Tuesday evening.
The Asian Development Bank (ADB) will provide US$ 8 billion to Bangladesh in five years to help implement its ongoing 7th 5-year plan (2016-2020).
The government has brought an estimated of 53 lakh disadvantaged people under the programme for allowances for elderly, destitute, insolvent, disabled and other section of people across the country.”Around 53 lakh disadvantaged people like elderly, destitute, insolvent disabled, tea garden…
27th October 2016 Tropical Landscapes Finance Facility Unlocks Private Sector Finance for Climate, Biodiversity and Jobs JAKARTA, INDONESIA – Media OutReach – 27 October 2016 – The Tropical Landscapes Finance Facility, launched in Jakarta yesterday, will bring long-term finance to…
Delhi (Indrajit Bose) — The Green Climate Fund (GCF) at its 14th meeting in Songdo, South Korea, in a decision adopted by the Board to facilitate access to environmentally sound technologies (ESTs), encouraged developing countries to submit proposals in this…
Dhaka: The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved the 3rd revision of the ‘One House One Farm’ project raising its cost by Tk 6,813.27 crore, aiming to reduce the country’s poverty rate to 10 percent…
World Bank Group President Jim Yong Kim on Tuesday pledged $2 billion over the next three years in new funding to help the country become less vulnerable to climate change.The $2 billion pledge in new money for climate change is…
The Associated Press Benaulm, India – The newly formed multilateral New Development Bank has been widely praised at this weekend’s BRICS summit, with leaders from the grouping hailing the bank’s achievements and its support for clean energy and sustainable development…
Dhaka – Dhaka needs smart negotiations with Beijing as Bangladesh is witnessing a very good momentum in terms of Chinese investment, a leading economist said in Dhaka on Monday, UNB news agency reported. “We need very smart negotiations with China…
As part of the government’s move to bring all foreigners working in Bangladesh under a database, two taskforces have stated collecting information about foreigners and their employers in Dhaka and Chittagong.A software is now being developed to preserve the information…
Richard Kozul-Wright Geneva – At the G20 summit last month in Hangzhou, China, world leaders outlined an ambitious plan for a “new era of global growth.” But they left out a key ingredient: fixing the investment climate. Conventional wisdom holds…
Dhaka – (AP/UNB) Twenty-five members of the International Monetary Fund (IMF) have committed a total of SDR 243 billion (US$340 billion) in bilateral borrowed resources with maximum terms through end-2020.
Washington (AP/UNB) — Olympic athletes who bring home the gold, silver and bronze for Team USA will no longer pay a “victory tax” for their achievement under a bill President Barack Obama signed into law Friday. The IRS will now…
The remittance inflow to the country has declined by $141 million as it received $1.043 billion in September while it was $1.183billion in August.
Dhaka: A study report, released on Thursday in Washington DC, quantifies the economic cost of internet shutdowns around the world over the past year, including those that occurred in Bangladesh.
The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved the ‘Procurement of 200 MG passenger coaches for Bangladesh Railway’ project involving Tk 927.52 crore, aiming to provide modern, safe and improved services to commuters.The approval came from…
Toledo (AP/UNB) — Hillary Clinton tore into Donald Trump’s tax maneuvering, business skills and trustworthiness Monday as she sought to capitalize on news that the New York real estate mogul may have paid no federal taxes for years. Unfazed, he…
Saudi Arabia has shifted to the Gregorian or “Western” calendar as a basis for paying civil servants as part of an austerity package. The kingdom adopted the lunar Islamic calendar when it was founded in 1932. The birthplace of Islam…
Deposit and investment of Islami Bank Bangladesh Limited stood at Tk. 667,318 million and 694,319 million respectively till September 30, 2016 which are 58,268 million and 61,721 million higher than the figure one year ago. The bank handled foreign exchange…
Washington – The United States is providing another $364 million in humanitarian aid to those affected by Syria’s civil war.
“In many ways Bangladesh has been the Silicon valley of pro-poor financial innovation, embracing and empowering the people at the base of the pyramid, mostly through bottom up experimentation”– said Dr. Atiur Rahman in a seminar at IMF on Thursday,…
In the Al Quoz industrial area of Dubai in the United Arab Emirates (UAE), a number of medium and large-sized buses can be spotted transporting workers clad in company uniforms to distant worksites early in the morning. In the evening…
Finance minister AMA Muhith is not going to release the final report on the Bangladesh Bank (BB) cyber heist submitted by a government-commissioned probe committee as it may hinder the recovery process of heist money. “We are corresponding with Philippines…
Dhaka – Finance Minister AMA Muhith on Monday said the government is planning to bring those who earn Tk 16,000 or more a month under the tax net from the next fiscal year, UNB news agency reported. He came up…
Dhaka – The Appellate Division of the Supreme Court on Wednesday stayed for two months the High Court order that declared illegal the government’s two gazettes imposing 15 percent tax on private universities, private medical, dental and engineering colleges, UNB…
The global economy is in transition. Anywhere you look in the world, you can see this. From private companies embracing clean technology and clean energy, to countries putting sustainable growth at the center of national planning, the drive is toward…