Geneva, 18 Oct (Kanaga Raja) – Global foreign direct investment (FDI) flows fell by 41%, from US$794 billion in the first half of 2017 to an estimated US$470 billion in the first half of 2018, the UN Conference on Trade…
Category: Economy
‘New’ perspectives for Europe
I am invited to talk about New Perspectives on Europe, but new ones fail me, and the Trumpian decay afflicting even the core of Europe makes me seriously question my old perspectives. Certainly, the risks associated with a significantly changed…
Incompetence and inability to run WTO secretariat alleged
DG did not read the report issued by WTO-IMF-WB at Bali Geneva, 17 Oct (D. Ravi Kanth) – The WTO Director-General Roberto Azevedo said on Tuesday that he has not had the opportunity to read the report on “Reinvigorating Trade…
780 mn people in Asia-Pacific out of extreme poverty by 2013
Asia and the Pacific accounted for 42.6% of global GDP at purchasing power parity in 2017, up from 30.1% in 2000. Around 780 million people from the region moved out of extreme poverty from 2002 to 2013.
Poverty to go by 2020 if AL reelected, says Hasina
Prime Minister Sheikh Hasina on Sunday announced that there will be no hunger and poverty in the country if Awami League is voted to power again in the upcoming general election.
Went for Padma Bridge work defying minister, adviser: PM
Dhaka, Oct 20 – Prime Minister Sheikh Hasina on Saturday said she went for constructing the Padma Bridge with own resources defying the strong opposition from her finance minister and an adviser.
Water turning from community resource to a private privilege
Water is becoming a private privilege rather than a community resource. It is also one of the world’s most precious resources. As vital to the survival of the human species as the air that we breathe.
Developing countries losing out to digital giants
A new United Nations report warns that the potential benefits to developing countries of digital technologies are likely to be lost to a small number of successful first movers who have established digital monopolies.
China’s economic growth slows amid trade battle with US
China’s economic growth slowed further in the latest quarter, adding to challenges for its communist leaders as they fight a tariff battle with Washington.
Going above and beyond to end poverty
New ways of measuring poverty shed new light on the challenges ahead. The fight to end extreme poverty is revealing a developing dichotomy. On the one hand, extreme poverty continues to be stubborn in certain parts of the world, while…
Asia-Pacific finance ministers fret over US-China spat
The trade spat between the world’s two largest economies — China and the United States — is imperilling the entire Asia-Pacific, regional finance ministers have warned.
‘Six priority areas of development under Delta Plan’
Government plans to spend 37.5 billion USD by 2030 under the ‘Delta Plan 2100’ on various projects to ensure food and water security, eliminate poverty and stop river erosion.
Riyadh keen to be part of Dhaka’s ongoing dev: Crown Prince
Saudi Crown Prince Muhammad bin Salman bin Abdulaziz Al Saud said Saudi Arabia is keen to be part of the ongoing development of Bangladesh by investing in its different sectors.
The economy’s Cuban Missle Crisis
In 2008 a global financial meltdown was just barely contained. But Adam Tooze says that the crisis of confidence has had long aftershocks.
Rangpur Bus Terminal with modern facilities soon
State Minister for LGRD and Cooperatives Mashiur Rahman Ranga has said the Rangpur Central Bus Terminal is being reconstructed with all modern facilities soon.
PM woos Saudi entrepreneurs to invest in Bangladesh
Prime Minister Sheikh Hasina on Wednesday invited Saudi entrepreneurs to invest in Bangladesh for mutual benefits as both the countries lag behind in exploiting their full potentials of trade and investment opportunities.
Bangladesh one notch down in global competitiveness
Bangladesh slipped down to 103rd position among 140 countries from 102th in last year in Global Competitiveness Index 2018 released by World Economic Forum (WEF) though its overall score increased by 0.7 percentage points this year.
Are blue-collar jobs turning white?
Manual jobs in European manufacturing are being transformed as blue-collar workers take on more intellectual tasks. This is a consequence of the increasing use of digital tools and the growing importance of quality control in production. The severe losses of…
EU brings relief to riverbank collapse victims in Bangladesh
Dhaka, 15 October 2018 – In response to the collapse of the Padma River embankment in the central Bangladeshi district of Shariatpur, the European Union is providing EUR 80 000 (BDT 7.84 million) in humanitarian aid funding to address the…
What Is wrong with the nordic model?
Political scientists love the Nordics. They seem to have everything right. Their model is often held up as the pinnacle of good governance, economics, and social policy. Adoption of Scandinavian institutions and ways of doing things by other countries is…
People’s Global Confce vows wider movement against IMF-WB
The Peoples’ Global Conference (PGC) against the IMF-World Bank have successfully concluded their activities on October 13, 2018, despite the repressive actions of the Indonesia government of Joko Widodo in complicity with the IMF-World Bank. More than 150 individuals representing…
150 farmers get livestock cards in Rajshahi
A total of 150 grassroots farmers were given livestock cards so that they can get their need-based services of boosting livestock through the best uses of the cards.
IMF-World Bank ends meetings with call to brace for risks
Global financial leaders wrapped up an annual meeting of the International Monetary Fund and World Bank on Saturday by urging countries to brace for potential risks from trade disputes and other tensions.
Hurricane victims in US getting IRS tax filing relief
Panama City, Oct 13 (AP/UNB) — The Internal Revenue Service says victims of Hurricane Michael will get a grace period before having to file some tax returns and payments. The IRS said Friday it’s offering the relief in parts of…
Rwanda leverages GCF Options to fast-track sustainable growth
By Aimable Twahirwa Kigali, Oct 12 2018 (IPS) – In a move to achieve its green growth aspirations by 2050, Rwanda has placed a major focus on promoting project proposals that shift away from “business as usual” and have a…
Is the monetary system facing the risk of recession?
The International Monetary Fund, other economic institutions, politicians, experts, and a good number of indicators predict a new economic downturn. The causes will be diverse but the significant one is that debt worldwide has grown at an exaggerated rate. According…
Sustainable dev depends on better nutrition for all nations
From cold chains and blockchains – major technological revolutions are on the brink of transforming food systems.
Effective watchdog to monitor BD Climate Change Trust Fund urged
Dhaka, Oct 11 – Members of parliament and representatives of government and non-government yesterday recommended the formation of a high powered representative commission led by the Prime Minister to ensure good governance in climate change funding.
Fishers ask for compensation during hilsa ban period
Bangladesh Fish Workers’ Alliance (BFWA), a platform of fishermen and farmers’ organizations, on Thursday demanded a monthly allowance of Tk 8,000 for each fisherman’s family as compensation during the period when fishing Hilsa is banned.
Harness maritime resources to expedite uplift in S Asia: PM
Dhaka, Oct 9 – Prime Minister Sheikh Hasina on Tuesday said it is possible to make a big lead into the socio-economic development of the people of South Asia through utilising huge potential of the maritime sector in the region.