Four of the top five most impactful threats in this year’s World Economic Forum´s Global Risks report are related to climate change. The report warns that we are “sleepwalking to disaster” . But that is not true.
Category: Economy
RCC plans Tk 3,000cr road network project
Rajshahi City Corporation (RCC) has taken an initiative of implementing a road network project involving around Taka 3,000 crore aims at lessening the gradually mounting pressure on the existing roads.
Garment workers demand withdrawal of false cases
Dhaka, Jan 18 – ‘Bangladesh Garments Sromik Songhoti’ on Friday formed a human chain in front of the national press club in the capital and demanded the withdrawal of false cases against their fellows, which have filled after the protest…
Bangladesh moves to connect with 3rd submarine cable
The government has decided to connect Bangladesh with another submarine cable, its third, in order to cope with its burgeoning tech-savvy population’s hunger for data consumption, according to Post, Telecommunications and Information Technology Minister Mustafa Jabbar.
Tackling insecure work in Europe—a critical moment
Europe has a growing crisis of insecure work. Just before Christmas, the European Commission triumphantly announced that employment in the EU had reached record levels in the latter part of 2018, with over 239 million people in work. Good news…
Gloom ahead of world economic storm
In light of the uncertainty caused by the US-China trade war, the IMF expects the US economic growth to slow from a three-year high of 2.9 per cent in 2018 to 2.5 per cent in 2019, while China’s expansion has…
The ‘paradox of debt’—or how to avoid austerity again
Macroeconomic analysis teaches us that certain decisions which seem reasonable for an individual may have opposite results when all individuals act in a similar way—or when the agent taking the decision is the government. One of these is the ‘paradox…
Brexit: Theresa May faces ‘meaningful vote’ on her deal
MPs are preparing to vote on whether to back Theresa May’s deal for leaving the European Union.The so-called “meaningful vote” will take place later as five days of debate on Brexit comes to an end.
VAT withdrawn against SIM replacement
The government on Monday withdrew all value added taxes and supplementary duties imposed against every SIM card replacement through the Mobile Number Portability (MNP) service.
Social dialogue key to fixing minimum wages: ILO
The International Labour Organisation (ILO) Country Office in Bangladesh has said it is encouraged by the Bangladesh government’s decision to revisit the minimum wages for readymade garment workers through an agreement reached by a special tripartite committee set to examine…
Gharials back from the brink faces development pressures
Lalsa Yadav gushes with a big smile on his face every time he spots a gharial in the river Gandak, that flows through West Champaran district of Bihar, bordering Nepal.
Disrupting multilateral climate finance
by Håvard Halland, Justin Yifu Lin Beijing – A recent report by the United Nations Intergovernmental Panel on Climate Change warns that to avoid the direct consequences of global warming, societies must make social and economic changes on a scale…
Govt revises wage structure of RMG workers
Gazette in 2-3 days with retrospective effect from Dec 1 Dhaka, Jan 13 – In the wake of widespread protests by RMG workers for the last few days over the disparity in their new wage structure, the government on Sunday…
Storm clouds are brewing for the global economy
The outlook for the global economy in 2019 has darkened. International trade and investment have softened. Trade tensions remain elevated. Several large emerging markets underwent substantial financial pressures last year. Against this challenging backdrop, growth in emerging market and developing…
PM for Armed Forces’ participation in country’s uplift
Prime Minister Sheikh Hasina on Sunday stressed the need for the participation the Armed Forces in overall development of the country.
US government shutdown set to hit record length
Washington, Jan 12 (AP/UNB) — President Donald Trump says it would be easy for him just to declare a national emergency and find federal money to build a barrier along the southern border, but he’s not going to be so…
German envoy for peaceful mechanism to resolve RMG issues
Dhaka, Jan 12 – German Ambassador to Bangladesh Peter Fahrenholtz has laid emphasis on finding a peaceful way to resolve the issues related to the RMG sector in Bangladesh.
Bangladesh garment workers’ unrest on; 50 factories closed
Dhaka, Jan 12 –Readymade garment (RMG) workers demonstrated for a sixth consecutive day on Saturday in the capital, Ashulia and Gazipur demanding higher wages.
Recast of Delta Plan 2100 based on local experience urged
Dhaka, Dec 12 – The Bangladesh Delta Plan 2100 came under serious scrutiny at an international seminar organized in Dhaka on Friday. Speakers at the seminar said that a plan modelled on the Netherlands would not work in Bangladesh because…
The Left must respond to grievances over immigration
The main challenges facing the left and Western democracies more generally fall into two core categories: economic and social. In recent years a general consensus emerged regarding the former that the left had moved too far in a neoliberal direction…
A closer look at the World Bank’s sizable China portfolio
China continues to borrow an average of $2 billion a year from the World Bank, making it one of the Bank’s top borrowers—despite being the world’s second-largest economy and itself a major global lender, according to our study released today.
No rise in default loan from now on, says finance minister
New Finance Minister AHM Mustafa Kamal on Thursday announced that there will be no rise in default loan from now on and it will be reduced gradually.
Dhaka seeks ADB support for 50MW floating solar power project
Dhaka, Jan 11 – Dhaka awaits financial support from the Asian Development Bank (ADB) to a 50MW floating solar project in the Kaptai Lake in the Rangamati Hill District on Southeast Bangladesh, official sources say.
Bd RMG workers staging demo again in capital, suburbs
At least 35 people were injured in clashes between garment workers and police in different areas of Savar, Gazipur and the capital on Thursday.
50 injured as Bd garment workers police clash Near Dhaka
At least 50 people were injured in separate clashes between garment workers and police at Savar, Ashuliaand Gazipur district on Wednesday.
Time for a new Paradigm
The person most qualified to write the foreword for the latest work by Riccardo Petrella, In the Name of Humanity, would actually be Pope Francis, who, using other words but speaking of values and making denouncements, has often argued what…
Innovation helps solidarity-based biogas networks in Cuba
Black plastic pipes, readily available on the mainly empty shelves of Cuba’s shops, distribute biogas to homes in the rural town of La Macuca, buried under the ground or running through the grass and stones in people’s yards.
One RMG worker killed in Savar clash over minimum wage
Savar, Jan 8 – A readymade garment (RMG) worker was killed and 30 others were injured in clashes with policemen during demonstrations at Hemayetpur on Tuesday.
RMG workers continue protests for minimum wage 50 injured
Readymade garment workers, protesting for a third consecutive day, clashed with police in Dhaka and Savar on Tuesday, leaving dozens of people injured.
Mass immigration and the growth of inequality
The claim that immigration is economically beneficial appears to be an article of faith amongst those who consider themselves progressive. However, mere changes in total GDP often mean little in terms of the lived reality of society. Much more important…