Dhaka, Sept 17 – Finance Minister AHM Mustafa Kamal on Tuesday said punitive actions will be taken against anyone involved in defaulting loans.
Category: Economy
Make multi-storied buildings environment-friendly: PM
Dhaka, Sept 12 (UNB) – Prime Minister Sheikh Hasina on Thursday asked the architects to design multistorey buildings in a planned way taking the movement of people and traffic in surrounding roads, open space and waste management into consideration.
The world and the UN must reduce population growth
by Frank Götmark, Robin Maynard Gothenburg/London – On September 24-25, world leaders will gather at the United Nations in New York to review progress toward the UN’s 2030 Agenda and its 17 Sustainable Development Goals. The SDGs, which aim “to…
High road-construction costs in BD for soil texture, Quader
Dhaka, Sept 9 – Road Transport and Bridges Minister Obaidul Quader on Monday told parliament that road-construction cost in Bangladesh is higher than that of India and China due to the difference in soil conditions.
Export earnings fall by 11.49 percent in August
Dhaka, Sept 9 – Export earnings in the second month (August) of the current financial year 2019-20 fell by 11.49 per cent to $2.84 billion from $3.21 billion in the same month of the last fiscal, due to lower shipments…
SMEs to get access to finance, market; policy okayed
Dhaka, Sept 9 (UNB) – The Cabinet on Monday approved the draft of SME Policy 2019, aiming to ensure access to finance, technology and market for some 78 lakh SMEs in the country. The approval came at the Cabinet meeting…
Shadow of recession deepens over the eurozone
by John Weeks on 9th September 2019 @johnweeks41 Some orthodox economists predicted fiscal austerity would build confidence and so foster recovery. Yet at the end of the lost eurozone decade recession looms once more.
Are 9-to-5 jobs fast becoming history – even at the UN?
By Thalif Deen UN, Sep 6 2019 (IPS) – With the rapid leap in digital technology – including increased access to conference calls, e-translations, skype, text messaging and emails—more and more offices in the United States are providing employees with…
Govt has depleted Bangladesh economy: BNP
Dhaka, Sept 6 – The BNP on Friday accused the Awami League government of depleting the economy through ‘widespread plundering’.
Dhaka procuring 10000 electronic tools to check VAT evasion
Dhaka, Sept 6 (UNB) – The National Board of Revenue (NBR) has started the process to procure modern technology-based electronic fiscal devices (EFDs), aiming to check VAT evasion both at the retail and wholesale levels. Sources at the NBR said…
Blue economy confce adopts 17-point declaration
DHAKA, Sept 5, 2019 (BSS) – The 3rd Indian Ocean Rim Association (IORA) Blue Economy Ministerial Conference ended here today adopting a 17-point Dhaka declaration that underlined to consider ‘Marine Spatial Planning’ as useful tool to develop marine value chains…
Dhaka eyes huge blue economy potentials in the Bay
Dhaka, Sept 05 – Bangladesh has a huge potential for harvesting blue economy but still it is in the nascent stage because of the shortage of technical know-how, lack of policy and entrepreneurs to invest in this sector.
The growing inequality in South Asia – SAAPE
04 September 2019, Kathmandu – South Asian countries have failed to make the use of economic growth in the region to improve the lives of the poor and marginalized people of the community, mostly women, girls and marginalised communities and…
Inequality in Europe—wider than it looks
by Michael Dauderstädt on 3rd September 2019 Most discussion of inequality in Europe is confined to individual member states. Aggregating incomes across the EU, however, presents a sobering picture. How unequal is the distribution of income within the European Union?…
ADB to finance upgradation of four BD highways
Dhaka, Sep 4 (UNB) – The Asian Development Bank (ADB) is going to provide funds for the upgradation of the country’s four highways into four-lane ones, said its country director Manmohan Parkash on Wednesday. The four highways — Dhaka-Sylhet, Rangpur-Banglabandha,…
Eastern Caribbean takes up strategy for blue-green economy
By Jewel Fraser Saint Augustine, Trinidad and Tobago, Sep 3 2019 (IPS) – Micro, small and medium enterprises as well as niche markets and experiences such as bee tourism may well hold the key for the Organisation of Eastern Caribbean…
Toll on using national highways for long-distance trips: PM
Dhaka, Sept 3 (UNB) – Prime Minister Sheikh Hasina on Tuesday said toll should be collected from the long-distance vehicles that plyfour national highways and the money should be used forthe maintenance of the major roads. The Prime Minister said…
Reimagining ‘Crazy Rich Asians’ on Inequality in Asia-Pacific
By Srinivas Tata and Jaco Cilliers Bangkok, Thailand, (IPS) – It’s 1962, and in a modest Hong Kong neighbourhood, a poetic love story unfolds. Filmed almost twenty years ago, Wong Kar-wai’s seminal movie In the Mood for Love captured the…
Bangladesh had top GDP growth in last ten years
Dhaka, Sept 2 (UNB) – Bangladesh has topped the growth in Gross Domestic Product (GDP) in the last 10 years since 2009, according to the recently released Spectator Index. This was discussed at the Cabinet meeting held at the Bangladesh…
Managing the next gold rush
by Sharon E. Burke Washington, DC – The International Seabed Authority (ISA) sits perched above the concrete boardwalk of Jamaica’s Kingston Harbor, across the bay from the spot where “Calico Jack” Rackham was once gibbeted as a warning to other…
S Korea interested to invest in Bangladesh’s ports, shipping
South Korea has expressed their interest to invest in the development of Bangladesh’s shipping sector, especially in the establishment of Chittagong Port’s Bay-terminal and Liquefied Natural Gas (LNG) terminal. The country has informed Bangladesh about their interest in these sectors…
How South Asia can remain world’s fastest-growing sub-region
Lei Lei Song Since 2014, South Asia has been the fastest-growing subregion in the world, with its eight economies collectively boasting average annual growth of 7.0%. This is higher even than East Asia (6.2%), which includes China; Southeast Asia (4.9%);…
Why can’t dynamic Asia-Pacific beat poverty?
By Shuvojit Banerjee and Poh Lynn Ng Bangkok, Aug 2019 (IPS) – Asia and the Pacific is lauded globally for its rapid economic growth over recent decades and has lifted 1.1 billion people out of extreme poverty since 1990. Nevertheless,…
Water pollution can reduce economic growth by a third: WB
Heavily polluted water is reducing economic growth by up to a third in some countries, a World Bank report said Tuesday, calling for action to address human and environmental harm.
A key role for 1.8 bn youth in UN’s 2030 dev agenda
By Thalif Deen UN, Aug 16 2019 (IPS) – The UN Population Fund (UNFPA) is convinced that the world’s 1.8 billion adolescents and youth– a quarter of the global population—have a key role to play in helping implement the UN’s…
Dhaka to introduce an app to check tax evasion cases
Dhaka, Aug 16 – The National Board of Revenue (NBR) of Bangladesh has taken an initiative to introduce a mobile application and a software, aiming to check the cases of tax evasion and increase the number of taxpayers.
Women and Green Economy: Engaging with New Dev Bank
By Govind Kelkar and Sudeshna Sengupta PWESCR is happy to present BRICS Feminist Watch’s position paper, Women and the Green Economy: Engaging with New Development Bank. The concept of Green Economy has been operationalized for the last 10 years. Politically,…
Is India on track to beat the perfect storm?
By Manipadma Jena New Delhi, Aug 12 2019 (IPS) – “The Perfect Storm” was a dire prediction that by 2030 food shortages, scarce water and insufficient energy resources together with climate change would threaten to unleash public unrest, cross-border conflicts…
$54.8 mn to improve living in BD coastal chars: IFAD
Rome, 8 August 2019 – More than 342,000 people in southeast Bangladesh living on coastal chars created by silt deposits will benefit from new financing for a project to reduce poverty and hunger and develop rural livelihoods. People living on…
BD eyes more remittance inflow from migrant worker incentive
Dhaka, Aug 7 – Finance Minister AHM Mustafa Kamal has expressed the hope that the remittance inflow will reach $20 billion in the current fiscal year from $16.42 billion in 2018-19FY following the 2 percent incentives announced by the government…