The government on Sunday announced a Tk 79.99 crore incentive for 6,90,970 farmers across the country, aiming to increase the production of 11 varieties of crops.
Category: Finance
Dhaka seeks EU’s trade facilities after graduation from LDC
Dhaka, Oct 4 – Commerce Minister Tofail Ahmed on Thursday urged the European Union (EU) to continue trade facilities for Bangladesh in the form of GSP Plus after its graduation from the group of least developed countries (LDCs) to a…
Fixing the crisis of confidence in the Green Climate Fund
The Green Climate Fund’s mandate couldn’t be more crucial: accelerating climate action in developing countries by supporting transformational investments in adaptation and emissions reduction.
Settle disputes, prevent conflicts, invest in Burma too: PM
UN, Sept 25 – Prime Minister Sheikh Hasina has said world leaders must commit to settle all the international disputes and prevent conflicts to ensure global peace which is eluding.
Barapukuria Coalmine case hearing against Khaleda Oct 25
Dhaka, Sept 23 – The Special Judge Court-2 of Dhaka yesterday fixed October 25 for hearing on charge framing in Barapukuria Coalmine graft case filed against BNP Chief Khaleda Zia and 9 others.
BHBFC offers loan at 9pc interest in Dhaka, Ctg
Bangladesh House Building Finance Corporation (BHBFC) is going to offer 9 percent interest for Dhaka and Chattogram areas instead of existing 9.5 percent.
Another global financial crisis for developing countries?
George Soros, Bill Gates and other pundits have been predicting another financial crisis. In their recent book, Revolution Required: The Ticking Bombs of the G7 Model, Peter Dittus and Herve Hamoun, former senior officials of the Bank of International Settlements,…
Urban pollution costs BD about $6.5 bn a year: WB
Every year Bangladesh loses about $6.5 billion, which is about 3.4 percent of 2015 Gross Domestic Product (GDP), due to pollution and environmental degradation in urban areas, says a new World Bank report.
2.3 lakh loan defaulters in BD, Finance Minister
Classified loan soars to Tk 1,31,666 cr Dhaka, Sept 12 – There are 2.3 lakh loan defaulters in the country with the amount of the classified loan soaring to Tk 1,31,666 crore in the banks and financial institutions, Finance Minister…
The next crisis will be worse than the financial one
Economists have been pretty silent over the summer. It has probably been too hot to come up with new ideas. Generally speaking, most of them are more passionate about 2% inflation or ½% growth and other economic key figures than…
BD Police HQ probing TIB findings on law enforcers’ graft
Bangladesh Police has formed a committee to look into a survey report that found out the law enforcement agencies as the most corrupt service sector in the country.
Positive move on finance vital to execute Paris Deal – G77
Bangkok, 7 Sept. 2018 (Prerna Bomzan) – At a joint-stocktake session of the Bangkok climate talks held on Sept 6 to assess progress on the work to produce a negotiating text for guidelines to implement the Paris Agreement (PA), developing countries called…
No hurry for new collective goal on finance, say Industrial nations
Bangkok, 6 September (TWN) – Developed countries are refusing to determine a process for setting a new collective quantified goal on finance under the Paris Agreement (PA), claiming that it was too early in the process to deal with this.…
Climate action can add $26 trillion to world economy: study
Ambitious action on climate change could contribute an extra $26 trillion to the world economy by 2030, international experts said on Wednesday, urging nations and businesses to step up their engagement.
Riyadh denies plans to tax foreign remittances
Saudi Arabia’s Ministry of Finance has denied plans to tax the remittances of foreign workers. The statement to Saudi Press Agency came in response to reports of a proposal to tax transfers, the ministry said. “The Ministry of Finance denies…
UN Relief Works Agency will prevail despite US funding cut
Geneva, 3 Sep (Kanaga Raja) – Expressing deep regret and disappointment at the decision by the United States on 31 August to provide no additional funding to the UN Relief and Works Agency for Palestine Refugees in the Near East…
Myanmar seeking donation to resolve Rohingya crisis
Dhaka, Sept 2 – Though Myanmar apparently delaying Rohingya repatriation process, it is seeking donation through its missions abroad to give what it says a helping hand in resolving the Rakhine State issue. “To donate even a little, donors are kindly…
No law to protect graft, nothing to rejoice: ACC
Referring to the draft Sarkari Chakori Ain which proposed taking prior permission for arresting any public servant, Anti-Corruption Commission (ACC) Chairman Iqbal Mahmood on Monday said the corrupt officials have nothing to rejoice with it.
Palestinians: US aid cut to pressure Jerusalem stance
Palestinian President Mahmoud Abbas’ spokesman says the U.S. decision to cut more than $200 million in aid is meant to force the Palestinians to abandon their claim to Jerusalem.
US will cut $200m aid to Gaza, West Bank
US President Donald Trump has ordered more than $200m (£155m) in economic aid which was to be allocated to Gaza and the West Bank be redirected elsewhere. A State Department official said the decision was made after a review “to…
Putting FDI on the G20 Agenda
by Axel Berger, Karl P. Sauvant New York – While much of the world’s attention is focused on the economic damage being wrought by US President Donald Trump’s trade wars, global trade’s twin – foreign direct investment – has largely…
$25.44mn ADB grant to promote solar-powered irrigation in BD
The Asian Development Bank (ADB) and the government of Bangladesh on Thursday signed agreements for $25.44 million in grant to spur off-grid solar photovoltaic (SPV) pumping for agricultural irrigation.
Presentation on entrepreneurship awareness at BAU
Mymensingh, Aug – A presentation on entrepreneurship awareness for Bangladesh Agricultural University (BAU) students was held Shilpacharya Zainul Abedin auditorium of the university on Tuesday.
IFAD, BD invest US$109mn to boost rural household incomes
Rome, 1 August 2018 – The International Fund for Agricultural Development (IFAD) and Bangladesh today signed a financing agreement to significantly increase incomes and food and nutrition security for 250,000 rural households in southern Bangladesh where the highest percentage of…
UK eyes Bangladesh infrastructure sector for investment
The United Kingdom wants to invest in a big way in Bangladesh to help achieve its middle-income country status saying the next generation of British Bangladeshis can make the difference with their cemented ties with Bangladesh, says a British trade…
RMG workers in BD press for Tk 16,000 minimum salary
Garment workers on Friday threatened to wage a tougher movement if their demand for fixing Tk 16,000 as minimum wage is not met within the next 15 days.
Decentralised collective bargaining: Oversold
by Ronald Janssen Many international economic institutions share the idea that collective bargaining should take place at the level of individual companies. For example, the OECD, as far back as its 1994 Jobs Strategy, pushed for more firm-level bargaining by…
How countries fulfill requirements of climate finance
Kathmandu, 15 July (Prerna Bomzan)- The UNFCCC’s Standing Committee on Finance (SCF) organized a two-day forum on “The Climate Finance Architecture: Enhancing collaboration, seizing opportunities,” held on 5-6 July in Songdo, South Korea.
UAE Cabinet approves VAT refund for tourists
Tourists visiting the UAE will be provided with a refund system for value-added tax (VAT), it was announced on recently. The UAE Cabinet has adopted a decision to implement the new system, which will be integrated between retail outlets with…
Are money matters moral matters? A plea for ‘yes’
by Carlos Joly Money matters. Money in national budget allocations determines who gets health care, who gets educated, who gets unemployment cover, which industries and companies are favoured, and whether the country goes to war. Obviously, national budget line items…