Bangladesh Bank (BB) Governor Dr. Atiur Rahman made a presentation at the third Advisory Council Meeting of UNEP’s inquiry on ‘Design of a Sustainable Financial System’ held in Zurich, Switzerland on 05 May 2015. The meeting was attended by all…
Category: Finance
Dhaka’s moves countering illicit financing lauded
In a panel discussion of spring meeting of World Bank events on illicit financial flows agenda held at Washington DC on 17 April 2015, has won the plaudits of Raymond WBaker, President, Global Financial Integrity (GFI), a non-profit, Washington based…
One of six business pioneers in finance of all time
Financial Times has chosen Professor Muhammed Yunus as one six greatest Finance Pioneers of all time. In the March 31, 2015 issue in an article entitled “Business Pioneers in Finance” Professor Yunus has been placed alongside Warren Buffett, Amadeo Giannini,…
World Bank puts pol turmoil loss at Tk 17,150 crore
Bangladesh has suffered a financial loss of around $2.2 billion or around TK 17,150 crore in the current fiscal year especially over the last three months due to political turmoil, said the World Bank. The World Bank revealed the findings…
Hakim Yusuf Harun Bhuiya elected SIBL Director
Hakim Md Yousuf Haroon Bhuiyan, Chief Motualli and Managing Director of Hamdard Bangladesh Ltd, has been elected director of Social Islami Bank Ltd (SIBL).
1pc surcharge on mobile phone usage in offing
A new law has got the Cabinet’s final approval for imposition of a one percent surcharge on mobile phone usage. The Development Surcharge and Levy Act 2015 was cleared in Monday’s regular Cabinet meeting chaired by Prime Minister Sheikh Hasina.…
Prof Yunus’ Gift Tax issue
Professor Yunus receives very high fees for speaking at international conferences. At many places, audiences purchase tickets to hear him speak. Several books written by him have been translated into 25 languages around the world. His books have been included…
IMF says, 6pc growth in Bangladesh this fiscal
The International Monetary Fund (IMF) on Tuesday said the resurgence of unrest in recent months is taking a toll on the economy in Bangladesh and expects that the real GDP to grow by about 6 percent in the current fiscal…
Foreign exchange reserve now $23billion
The country’s foreign exchange reserve on Thursday set a new record hitting $23.03 billion on the positive remittance inflow. “The decrease in import also contributed to setting the new forex-reserve record,” according to a Bangladesh Bank press release.
‘Speeding up rural socioeconomic uplift underscored’
Speakers at the inaugural ceremony have stressed for speeding up of the socioeconomic uplift in rural areas through strengthening unity and organisational activities of the local communities.
Youth unemployment, income inequality keep rising
By Josh Butler U N, Feb(IPS) – Global youth unemployment may be “six or seven times” what the International Labor Organisation’s (ILO) latest figures state, due to what a youth advocacy group calls a flawed system of assessment. The ILO…
Blockade economic loss Tk 750 billion: FBCCI
The economic loss to the countrywide ceaseless blockade and recurring shutdowns would be not less than Taka 75,000 crore, said the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). Reading out a statement here Sunday at the street protest…
Bangladesh-EU joint economic commission likely soon
A Joint Economic Commission (JEC) will be formed between Bangladesh and the European Union (EU) with a view to increasing mutual financial assistance. An EU delegation headed by its Ambassador Pierre Mayaudon informed Speaker of the House Dr Shirin Sharmin…
Graft, pol pressure bedevil CAG office: TIB
Besides massive internal corruption, the Office of the Comptroller and Auditor General (CAG) is hobbled by immense political pressure distorting its recruitment process, according to a new study of the Transparency International Bangladesh (TIB). It says politicians, including ministers, MPs…
Tackling poverty, climate change two sides of the same coin
This year presents significant opportunities for the global community to lay the foundation for a development agenda that puts efforts to tackle climate change and poverty on the same path. In recent years, the development community’s efforts to eradicate extreme…
IMF lowers global growth forecast to 3.5 percent
The International Monetary Fund (IMF) has lowered its forecast for global economic growth for this year and next. The IMF now expects growth of 3.5pc this year, compared with the previous estimate of 3.8pc which it made in October. The…
Richest one pc to own more than rest of world: Oxfam
Wealth amassed by the richest 1% will overtake the amount owned by the rest of the people in the world, according to a study by charity group Oxfam. The richest 1% of people will see their share of global wealth…
Private insurers may help Indian farmers weather the storm
By: Sandip Das New Delhi – In a bid to protect farmers from erratic weather pattern, the government has invited private insurance companies, along with state-owned Agriculture Insurance Company of India (AIC), for providing various products relating to crop, weather…
‘100pc salary hike for armed forces personnel’
The committee, formed by the government for making recommendations to raise the salary of the armed forces, on Thursday in its report suggested a 100 percent salary hike fixing the minimum basic salary at Tk 8,200 while the maximum for…
New pay scale to magnify inflation: BB forecast for 2015
Contradicting Finance Minister AMA Muhith’s stance on new pay hike for government employees Bangladesh Bank on Monday said that the new pay scales would have ‘an upward pressure’. The central bank has said, the reasons for inflationary pressure include the…
Flower business booming at Benapole ahead of New Year
Flower farmers and traders at Godkhali in Jhikargacha upazila of the district are passing a busy time as their sale has got a boost ahead of the New Year’s Day.
Govt allocates rice for rural development in Joypurhat
The government has allocated more than 501 tonnes of rice under the ‘Food for Work Programme’ for rural infrastructure development of the district.
Will population growth end in this century?
New Worldwatch Institute analysis explores the debate about our planet’s future population. Washington D.C.-The human population nearly tripled from 2.5 billion people in 1950 to 7.3 billion today and will continue growing through 2070, according to two recent demographic projections.…
Rating agency trafficking financial information?
Greenwatch News The Bangladesh Securities and Exchange Commission (SEC) has started inspection into the alleged ‘trafficking’ of coutnry’s thousands of financial information to a neighbouring country by the Bangladesh Rating Agency Limited (BDRAL), informed sources said. The securities regulator’s inspection…
TI finds Bangladesh most corrupt in South Asia
Bangladesh ranked 14th from the bottom in the Transparency International’s Corruption Perceptions Index (CPI) 2014, two notches worse than last year’s 16th position, showing that the country’s overall corruption scenario has deteriorated compared to the previous year. Executive director of…
G20 summit ends outlining economic pledges
The Australian Prime Minister, Tony Abbott, has brought the G20 summit to a close by detailing economic pledges agreed by the world leaders. He said the package, if implemented, would boost global economic growth over five years by 2.1% more…
Isis to introduce its own currency, the Islamic dinar
Website affiliated with Islamic State says leader Abu Bakr al-Baghdadi has instructed his followers to start minting coins Islamic State says its leader has ordered that the organisation start minting gold, silver and copper coins for its own currency, the…
Inflation declines by 0.24 percentage point in October
The overall general point-to-point inflation rate slightly declined by 0.24 percentage point to 6.60 percent in October this year from 6.84 percent in the previous month (September). Planning Minister AHM Mustafa Kamal stated this while releasing the monthly Consumer Price…
DAE fixes 13.33-lakh tonnes wheat production target
The Department of Agriculture Extension (DAE) has fixed a record target of producing 13.33 lakh tonnes of wheat from 4.30 lakh hectares land in the country during the current Rabi season, official sources said.
No duty-free access to US, Tofail refutes Mozena claim
Bangladesh does not get duty free access of the exports to the United States, Commerce Minister Tofail Ahmed said Wednesday. Refuting US Ambassador Dan W Mozena’s claim of zero tariff facility for Bangladesh in the US, Tofail said this in…