Dhaka- Bangladesh Telecommunication Regulatory Commission (BTRC) on Tuesday earned Tk 5268.51 crore in revenue from 4G spectrum auction and tech neutrality fees from three mobile operators.
Category: Finance
Stock market turmoil may expose flaws in global finance
By Martin Khor Penang, Malaysia, Feb 12 (IPS) – Was last week’s global stock market sell-off only a “correction” or does it signify a new period of financial instability, caused by major flaws in the world financial system? The stock…
Trade Fair fetches export order of $1.6 billion
Dhaka, Feb 4 – After a four-day extension, the closing ceremony of the 23rd Dhaka International Trade Fair (DITF-2018) was held at Sher-e-Bangla Nagar in the capital on Sunday. Commerce Minister Tofail Ahmed who was the chief guest of the…
Int’l firm may dig out info on money laundered from BD
Dhaka, 04 Feb – The National Board of Revenue (NBR) is planning to appoint an international accounting firm to dig out information about money laundered from the country, said NBR chairman Md Mosharraf Hossain Bhuiyan.
FDI flows fell by 16% last year, says UNCTAD
Geneva, 25 Jan (Kanaga Raja) – Global foreign direct investment (FDI) fell by 16% in 2017, to an estimated US$1.52 trillion, with the slump in FDI flows to developed countries being the principal factor behind this global decline, the UN…
Solar home prog in BD suffers for lack of coordination
Sadrul Hasan, UNB Staff Writer Dhaka, Jan 30 – Lack of coordination among government entities in rural electrification has put state-owned Infrastructure Development Company Ltd (IDCO) and its partner organisations (POs) into a great trouble as their investment of about…
Davos of the many for the few
It is easy to dismiss Davos as nothing more than a talkfest among greedy CEOs, cheerful philanthropists and photogenic celebrity activists. Yet this narrative – which is annually recited by mainstream media – fails to do justice to what the…
Muhith warns of widespread use of black money
Dhaka, 28 Jan – With less than a year to the national election, Finance Minister AMA Muhith has warned banks and the regulator of a widespread use of ‘black money’.
US shutdown ends as Congress passes bill
The U.S. government is almost back in business after the Senate voted overwhelmingly to end a shutdown that started on Saturday, imperiling both political parties and leaving hundreds of thousands of federal employees out of work, The New York Times…
Non-govt teachers take to streets for nationalising schools
Dhaka 22 Jan – Hundreds of teachers of the non-government primary schools are not caring to take classes rather they have taken the streets in the capital to meet their demand for nationalisation.
Rohingya crisis growing, more aid needed: World Bank
The Rohingya refugee crisis is growing quickly and support is needed to help cope with the influx, the World Bank said. World Bank South Asia Region Vice President Annette Dixon praised the Bangladesh government for sheltering and caring for the…
US shutdown looms: Move to agree stopgap funding
Last-ditch efforts are being made in Washington to prevent a shutdown of the US government. With a Senate vote due shortly before the Friday midnight deadline, Republicans leaders are struggling to gather support to pass a budget bill.
US Student extends support to accident victim BD student
Rajshahi, 19 Jan – At the benevolence of an American student, a Bangladeshi student Mesbaul Haque gets back his life from his critical condition.
EU steps up support to address the Rohingya crisis in BD
Dhaka, 17 Jan – The European Union has adopted a new €5 million programme to support the Rohingya refugees in Bangladesh, aimed at supporting their identification and registration, facilitating the provision of humanitarian support, and ensuring the better protection of…
US to withhold $65m in aid for Palestinian refugees
The United States will give a UN agency $60m in aid for Palestinian refugees but withhold a further $65m for now, the state department said on Tuesday, as the Trump administration carried out a threat it made two weeks ago…
PM Hasina opens BD dev forum: Asks for SDGs funding
Dhaka, Jan 17 – Prime Minister Sheikh Hasina on Wednesday urged the developed countries to come forward with financial and technical assistance to implement the development goals for achieving the sustainable development goals (SDGs).
RMG workers get new wage board
The government has formed a new wage board to review the existing wages of the garment industry workers.State Minister for Labour and Employment Mujibul Haque Chunnu came up with the information at a press conference at the secretariat on Sunday.Earlier,…
Japan to provide $3 million to Myanmar for Rohingya repatriation
Japanese’s foreign minister on Friday urged Myanmar’s civilian leader Aung San Suu Kyi to guarantee the safe and voluntary return of Rohingya Muslims who have fled violence in troubled Rakhine state. While Foreign Minister Taro Kono is visiting Myanmar, the…
Sweden warns against cutting US aid to Palestinians
‘It’s vindictive of US to deprive UN of money to feed, educate Palestinian children in order to blackmail PA’ Sweden, a big donor country that has recognized Palestine as a state, warned Tuesday that any US decision to withdraw funds…
Dhaka needs to engage Delhi, Beijing on trade-investment
Dhaka, Jan 10 – Bangladesh needs to proactively engage the two economic powers – India and China – on trade and investment, said a leading economist on Wednesday.
How low-income Bangladeshis use loans
By Stuart Rutherford Washington DC, Jan 8 (IPS) – Bangladeshis have a long tradition of borrowing from family, neighbors and other informal sources. Microfinance institutions (MFIs) have proliferated over the past three decades and offer a more formal loan service…
11 Saudi princes arrested for holding anti-austerity protest
Dhaka, Jan 7 – Saudi authorities have arrested 11 princes for holding a protest at a royal palace in the capital Riyadh. The group were angered by the government’s decision to stop paying the water and energy bills of royals.…
US freezes payment to UN agency for Palestinian refugees
By Max Greenwood The Trump administration is reportedly freezing $125 million in funding to the United Nations (U.N.) agency charged with assisting Palestinian refugees amid frustrations over a lack of progress on a peace deal between the Palestinians and Israelis.
Non-MPO teachers withdraw hunger strike on PM’s assurance
Dhaka, 05 Jan – The teachers and employees of the non-government educational institutions that are out of the Monthly Payment Order (MPO) facilities yesterday fwithdrew their hunger strike after obtaining assurance from Prime Minister Sheikh Hasina.
Pre-2018 leases exempt from VAT, says Saudi tax authority
Saudi Arabia’s General Authority for Zakat and Tax (GAZT) has announced that all lease contracts that were concluded before January 1 are exempt from VAT. The announcement affects assets that were delivered under leasing or rental deals last year including…
Seven bkash agents held for alleged illegal transaction
Dhaka, 03 Jan – The Crime Investigation department (CID) arrested seven bkash Agent for allegation of illegal transactions. CID said seven agents of bkash were arrested on Wednesday in several districts of the country. Eight money laundering cases were filed…
Billionaires, fiscal paradise, world’s debt, and victims
By Roberto Savio Rome, Jan 2 (IPS) – Among Bloomberg’s many profitable activities is a convenient Bloomberg Billionaires Index that has just published its findings for 2017. It covers only the 500 richest people, and it proudly announces that they…
Bangladesh Bank plans to reduce banks’ ADR limit
Dhaka, Jan 3, 2018 – The Bangladesh Bank (BB) is planning to reduce the limit of the Advance Deposit Ratio (ADR) of banks for avoiding their aggressive lending and ensuring quality investment for the country’s development.
Bangladesh stock markets on upbeat note
Dhaka, Jan 3 – Trading on the country’s two bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – is underway with upward trends of share-price indices on Wednesday.
Trump threatens stop to Palestinian aid
The US may stop aid payments to Palestinians who are “no long willing to talk peace”, President Trump said. On Twitter, Mr Trump said the United States received “no appreciation or respect” in return for its aid.