Central bank set to file case over its heist Wednesday night Dhaka, Jan 30 – Bangladesh Bank on Wednesday unveiled its monetary policy statement (MPS) for the second half (January-June) of the 2018-19 fiscal year. Central bank Governor Fazle Kabir…
Category: Economy
President emphasises national unity to achieve prosperity
Dhaka, Jan 30 (UNB) – President Abdul Hamid on Wednesday called for forging a unity of all on basic issues mentioning that peace and prosperity cannot take the permanent shape without the national unity. He also urged all the MPs…
Mild cold wave starts sweeping across Bangladesh
Dhaka, Jan 29 – The Bangladesh Meteorological Department (BMD) on Tuesday forecast mild cold wave in late Magh is likely to sweep over the western parts of the country in the next 72 hours. The mild cold wave may be…
$4 bn must to protect 41 mn children from conflict, disaster
Tens of millions of children living through conflict, disaster and other emergencies in dozens of countries urgently need protection, UN Children’s Fund (UNICEF) said on Tuesday, in an appeal for $3.9 billion to support its humanitarian work around the world.…
AIIB sees infrastructural development in Bangladesh
Dhaka, Jan 29 (UNB) – Bangladesh will remain a priority market for the Asian Infrastructure Investment Bank (AIIB) in 2019 despite infrastructure stakeholders’ concerns about inflationary pressures and their projected depreciation of the taka, said a new report released on…
Bangladesh 2nd most corrupt country in S Asia: TIB
Dhaka, Jan 29 (UNB) – Bangladesh stands the second most corrupt country in South Asia, according to Transparency International Bangladesh (TIB). In addition, Bangladesh ranked 149 in the world, 13th from the bottom, according to the Corruption Perceptions Index 2018. Earlier…
European citizens back unemployment reinsurance
Experts argue that European Monetary Union (EMU) has to be completed by ‘automatic fiscal stabilisers’. Welfare states have built-in stabilisers which cushion economic shocks—unemployment benefits, for instance, support the purchasing power of people who lose their jobs and so sustain…
Ending poverty is possible, but by facing up to inequality
UNITED NATIONS, Jan 28 2019 (IPS) – World leaders have committed to ending poverty everywhere for all people by 2030. Achieving this aim means facing up to the need for dramatic declines in inequalities – in income, in opportunity, in exposure…
Trump ends govt shutdown sans his border wall money for now
By Emma Ockerman Jan 26, 2019President Donald Trump went on national television, walked out of a meeting with key Congressional leaders, and incessantly tweeted, all to insist he wouldn’t reopen the government until he received $5.7 billion in funding for…
A human-centred agenda for the future of work
When the International Labour Organization (ILO) was founded 100 years ago in the aftermath of the first world war, governments, employers and workers came together convinced that lasting peace and stability depended on social justice. This is still true and, given the…
U.S. Shutdown effects ripple to farmers, food banks
From Danielle Nierenberg Greetings from Washington, D.C.! In the United States, this week marks the second missed paycheck for furloughed federal workers. Now on its 34th day, the shutdown’s effects are permeating beyond the lives of federal workers, as farmers,…
Can Italy survive its self-inflicted wounds?
Despite political instability being part of its DNA, Italy is still the ninth biggest economy in the world. Since 1946, when the first republican government took power, there have been 65 administrations over 72 years, or about one government every…
Brexit, Trump and ‘yellow vests’
Sixty years ago, the sociologist WG Runciman published an influential study of attitudes to ’relative deprivation’ in 20th century England. Runciman sought to explain why at crucial periods in the past century, notably after the first world war and in…
Moving beyond just building toilets
One of the most laudable initiatives of the current government’s regime is the Swachh Bharat Mission (SBM) that was launched on Oct 2, 2014, with a larger vision of a clean India. The critical aspect of the mission was that—unlike…
Task force to identify, bring foreign workers under tax net
The National Board of Revenue (NBR)is going to form a taskforce to identify the foreign nationals working in Bangladesh to bring them under the tax net. There will be representatives of Bangladesh Investment Development Authority (Bida), National Security Intelligence (NSI)…
Exclusive: Seven years jail for illegal recruiters
Special Correspondent Those who indulge in illegal recrutiment can be jailed for seven years and fined OMR2,800, (Rs500,000) a draft of Indian Emigration Bill 2019 reveals. According to the draft, which is likely to be tabled in the February Budget…
Making tourism more responsible
Long before Joy Daniels became the manager of a travel company she was cleaning rooms at a guesthouse. But after joining a Fair Trade-certified business, a place that valued its staff, in a few years she was soon promoted to…
Hospital public private partnerships undermine healthcare
However, any government considering healthcare PPPs should be aware of the Australian experience, especially after what has happened with the Northern Beaches Hospital, a PPP between the New South Wales government and Healthscope. The A$600m facility was officially opened with…
Bd Minister wants govt jobs as off-limits for Jamaat people
Liberation War Affairs Minister AKM Mozammel Huq on Wednesday said a law will have to be formulated so that children of Jamaat leaders do not get government jobs. “Not only banning Jamaat organisationally, but also assets of its leaders will…
Seventh span of Padma Bridge installed Wednesday
Around 900 meters of the much-hyped Padma bridge is visible now following the installation of another span named F-6 on the pillars no 36 and 37 on Wednesday.
Wind turbine blades erosion solved with artificial intel
The erosion of materials used in wind turbine blades due to the effect of weather conditions is a problem that applies to the whole wind energy sector. VTT’s antiAGE project found a functional solution to the material problem with the…
IFAD meet to explore rural innovation-entrepreneurship link
Rome, 23 January 2019 – Pope Francis will address heads-of-state, government ministers, and policy and development leaders during the opening ceremony of the 42nd annual Governing Council meeting of the International Fund for Agricultural Development (IFAD), 14-15 February 2019 in…
Demo at Shahbagh demanding reinstatement of FF quota
The children and grandchildren of Freedom Fighters (FF) on Tuesday formed a human chain blocking the city’s Shahbagh intersection for around two and half hours demanding the reinstatement of 30 percent FF quota in government jobs.
Eat plants, save the Planet
While the modern agricultural system has helped stave off famines and feed the world’s 7 billion residents, the way we eat and produce food is posing a threat to future populations’ food security.
UN forecasts global economic growth around 3 percent in 2019
The global economy will grow around 3 percent annually in 2019 and 2020, but waning support for multilateralism, escalating trade disputes, increasing debt and rising climate risks are clouding prospects, the United Nations said Monday.
Uniform mortal remains repatriation cost for expats urged
Migrant Forum of Asia A call has gone out for unified rates across the GCC to repatriate the mortal remains of Indian expatriates. This comes as India’s national carrier, Air India (AI), introduced new levies, after its earlier method of calculating freight…
Billionaire gains grew $2.5 bn a day in 2018 – poorest lost
Billionaire fortunes increased by 12 percent last year – or $2.5 billion a day – while the 3.8 billion people who make up the poorest half of humanity saw their wealth decline by 11 percent, reveals a new report from…
Cabinet committee for journalists’ 9th wage board recast
The cabinet committee formed to review the Ninth Wage Board Award for journalists and employees working in newspapers and news agencies has been reconstituted keeping its terms of reference unchanged.
72 shanties gutted in N’ganj slum fire
A fire that broke out at Chandmari slum in Fatulla early Monday gutted 72 shanties.
Cabinet clears President’s 75000-word JS inaugural speech
The cabinet on Monday approved the draft speech of President Abdul Hamid to be delivered at the inaugural session of the 11th Parliament, which will begin on January 30 next.