Foreign Minister Dr AK Abdul Momen on Monday said Singapore will recruit 10,000 Bangladeshis while Romania 2000 more soon.
Category: Economy
Highest-ever fund promised to IFAD to tackle hunger, poverty
US$3.8 billion, that’s how much the UN’s International Fund for Agricultural Development (IFAD) will now be able to invest in the world’s rural poor.
Bitcoin lacks a unique selling proposition
by Peter Bofinger Peter Bofinger identifies the cryptocurrency’s Achilles heel. Following the steep rise in the price of Bitcoin since autumn 2020, public interest in this cryptocurrency has been reignited. Yet the massive drop in price since its peak on…
Europe’s ESG Opportunity
By Olivia Grégoire and Bertrand Badré PARIS – Finance is evolving in a more sustainable direction, and just in time. Pension funds, insurance companies, and sovereign wealth funds have made multiple commitments on climate change, biodiversity, and economic inclusion. In…
A Marshall Plan for the Planet
By Paul Polman LONDON – In a year dominated by COVID-19, it’s perhaps understandable that we’ve neglected the most profound, existential crisis we face: runaway climate change. But we must quickly make up for lost time before it’s too late.
Transition to Digital Economy Must Ensure Access to All
By Samira Sadeque It is crucial to ensure that any transition to a digital economy has mechanisms in place that are non-digital to avoid “double exclusion”, according to Shahrashoub Razavi, director of the social protection department at the International Labour…
People in poverty doubled, extreme poverty trebled in 2020
Dhaka, Jan 23 – The South Asian Network on Economic Modeling (SANEM) on Saturday said the percentage of the population living below the poverty line (upper poverty line) has nearly doubled from 21.6% in 2018 to 42% in 2020, while…
High Court summons 280 People’s Leasing defaulters
The High Court on Thursday summoned 280 loan defaulters from non-banking financial institution People’s Leasing and Financial Services.
Bangladesh economy showed resilience during Covid shock: PM Hasina
Prime Minister Sheikh Hasina on Wednesday said Bangladesh has been able to avert the economic recession due to the Covid-19 pandemic though many countries across the world have suffered the most.
Govt measures need to be implemented for poverty alleviation
Measures taken by the government need to be implemented to alleviate poverty in the country.
Bangladesh to seek LDC benefits for 5 years after graduation
Dhaka, Jan 12 – Bangladesh has called on the international community for the continuation of international support measures for an extended period to make its upcoming graduation out of Least Developed Country (LDC) status smooth and sustainable.
Inequality Is Not Inevitable
By Joseph E. Stiglitz An insidious trend has developed over this past third of a century. A country that experienced shared growth after World War II began to tear apart, so much so that when the Great Recession hit in…
Advocate Tasmiah new country director, ‘Global Peace Chain’
Dhaka, Jan 11 – The United States-based advocacy group ‘Global Peace Chain’ has appointed young Bangladeshi lawyer Advocate Tasmiah Nuhiya Ahmed as its Country Director for Bangladesh.
IFAD, GCF act to better life, boost African Great Green Wall
Paris, 11 January 2021 – Millions of poor farmers living in the world’s most climate-impacted parts of the Sahel have cause for hope today because of their governments’ support for accelerating Africa’s Great Green Wall (GGW), an area covering 11…
Inflation in Bangladesh falls slightly in December
Dhaka, Jan 5 – The inflation rate declined by 0.23 percent on a point-to-point basis in December 2020 as it came down at 5.29 percent last month from 5.52 percent in November 2020.
Dhaka to recover imports as economy may speed up in 3 years
Dhaka, Jan 5 – Although imports fell drastically in 2019-20 fiscal, the government aims to turn things around aiming for average import growth of 8% per year over the next three fiscals, including the current 2020-21.
PM orders another stimulus package for 2nd Covid wave in BD
Dhaka, Dec 23 – Prime Minister Sheikh Hasina on Wednesday asked the Finance Ministry and other relevant ministries and divisions to formulate another financial stimulus package keeping in mind the ‘second wave’ of Covid-19.
Bangladesh moves 2 notches up in Human Dev Index
Dhaka, Dec 21 – Bangladesh has moved up two notches in the traditional Human Development Index (HDI) to 133 compared to last year, says a new report on Monday.
Urgently Needed Deficit Financing No Excuse for Fiscal Abuse
By Jomo Kwame Sundaram and Anis Chowdhury KUALA LUMPUR and SYDNEY, Dec 8 2020 (IPS) – Fiscal and monetary measures needed to fight the economic downturn, largely due to COVID-19 policy responses, require more government accountability and discipline to minimise…
German support to IFAD to help avert COVID-19 food crisis
Rome, 7 December 2020 – In the face of a looming food crisis due to the COVID-19 pandemic, Germany has committed funds to the UN’s International Fund for Agricultural Development (IFAD) to help ensure small-scale farmers can continue growing food…
Dhaka sees tax buoyancy at 12.2% in 2022
Dhaka, Dec 05 – The government has projected a marginal improvement in the tax to gross domestic product (GDP) ratio in the 2022-23 fiscal, despite the Covid-19 taking a toll on the country’s revenue collections this financial year.
China’s Path to Net Zero
By Erik Berglöf BEIJING – China is aiming to halt the rise in its carbon dioxide emissions before 2030 and to achieve carbon neutrality before 2060. If it succeeds, the country will have gone, in less than 40 years, from…
Europe’s Green Opportunity
By Ann Mettler and Cyril Garcia BRUSSELS – The COVID-19 crisis has presented Europe with a once-in-a-generation opportunity to launch a new era of economic growth. If the private sector and governments across the European Union work together on bold,…
The G20 Debt Plan Does Not Go Far Enough
By Shamshad Akhtar, Kevin P. Gallagher, and Ulrich Volz ISLAMABAD/BOSTON/LONDON – The COVID-19 crisis has come at the worst possible time for humanity. The poorest countries were already struggling to meet their development goals in the face of cyclones, wildfires,…
COVID-19 could push over 1 bln into extreme poverty: UNDP
An additional 207 million people could be pushed into extreme poverty by severe long-term impact of the coronavirus pandemic, bringing the total number to more than 1 billion by 2030, according to a new study from the UN Development Programme…
Electronics manufacturers demand protection in import policy
Bangladesh Refrigerator Manufacturers and Exporters Association (BRMEA) requested the government to make the import policy friendly for the fastest growing local electronics and hi-tech products manufacturing industry.
Bangladesh’s agri day labourers get flood insurance benefits
Some 2,000 flood-affected casual labourers from Kurigram district received an insurance pay-out of Tk 2,700, the WFP said Wednesday.
Income tax return submission date extended to Dec 31
The National Board of Revenue (NBR) has extended the deadline for income tax return submission up to December 31.
Millions of New Poor Are on the Way – Who Cares?
By Roberto Savio ROME, Nov 26 2020 (IPS) – The recent meeting of the G20 – scheduled to take place in Riyadh but held virtually due to the Coronavirus pandemic – has been an eloquent example of how the world…
UN: Economic cost of Israeli occupation in Gaza is $16.7 bn
Geneva, 26 Nov (Kanaga Raja) – The cumulative economic cost of the Israeli occupation in Gaza on account of prolonged closure and economic and movement restrictions as well as military operations during the period from 2007-2018 is estimated at $16.7…