By International Organization for Migration Jun 28, 2018 (IOM) – Migration is one of the major defining factors of our time. Today, one billion people – one out of seven people in the world – are migrants, including over 250…
Category: Economy
Dr Yunus urges all to get out of civilisation based on greed
Nobel Laureate Professor Muhammad Yunus on Thursday urged everyone to get out of the civilisation based on greed and move on with a farsighted vision addressing global issues.
The Queen presents awards to 2 young Bangladeshis
Young people from 38 countries across the Commonwealth celebrate their Queen’s Young Leaders Award with guests including Sir John Major, David Beckham OBE, Sir Lenny Henry CBE, Nicola Adams OBE, Neelam Gill, Caspar Lee, Tina Daheley and Ore Oduba Their…
PM for long-term Bangladesh Delta Plan
Dhaka – Prime Minister Sheikh Hasina on Wednesday put emphasis on taking a long-term plan to improve the living standard and livelihood of the people of the country’s deltaic region.
First electric vehicle in Phnom Penh by DHL Express Cambodia
Phnom Penh, Cambodia – Media OutReach – 27 June 2018 – DHL Express, the world’s leading international express services provider, has deployed the country’s first electric vehicle in the Phnom Penh Special Economic Zone for delivery and pick-ups within the…
Europe’s Economic Recovery Continues In Times Of Political Instability
Europe is showing visible signs of progress; in most countries, labour markets are healthier than they have been in a decade, with more people active and in work than ever before, while social exclusion is declining. However, it is also…
Budget not favourable for equity: Experts
Speakers in a budget reaction programme on Monday claimed that the proposed budget for the fiscal year 2018-19 is not favourable for equity and inclusive development.
Case for a macroeconomic stabilisation function for EU
In the midst of continuing heavy discussions on future reforms of the European Monetary Union, the European Commission presented in May its long-awaited proposal for the next EU Budget (MFF) 2021 – 2027. It crucially includes a macroeconomic stabilisation function…
80MW power grid station installed in Sylhet
Power Grid Company of Bangladesh (PGCB) has installed a power grid station with the capacity of 80 megawatts at Charkhai of the district aiming to boost power supply in Zakiganj, Beanibazar and Kanaighat upazilas.
Stocks open the week upward
Stocks opened the week upward today as all indices on the country’s two bourses- the Dhaka Stock Exchange (DSE) and the Chattogram Stock Exchange (CSE)-gained on the day.
The costs of trade war
by Mukhisa Kituyi Geneva – According to an old African proverb, “When elephants fight, it is the grass that suffers.” The same is true for full-blown trade wars: when major economies clash, developing countries will be among the hardest hit.
‘Water, sanitation, hygiene needs more equitable allocations’
Dhaka, June 24 – More equitable budget allocation for water, sanitation and hygiene (WASH) sectors are needed in the proposed national budget for 2018-19 to achieve the sustainable development goal-6 (SDG-6), according to experts.
Proposed tobacco taxes: Protect death trade, not public health
A post-budget press conference on the issue of tobacco taxation in the proposed budget for the FY 2018-19 was held Saturday (23 June, 2018) at the VIP Lounge of National Press Club at the initiative of PROGGA and Anti-Tobacco Media Alliance…
DSE turnover hits 7-month high
DHAKA – With active participation of investors, the daily turnover value at Dhaka Stock Exchange (DSE) on Thursday crossed Taka 850 crore, the highest in over seven months.
BD’s premier chamber questions corporate tax cut for banks
Speakers at a programme on Thursday described the government’s budgetary move of corporate tax cut disappointing as it applies for banks and financial institutions only and not for all.
Lottery for disabled people’s organization, BPKS, launched
Dhaka, June 20 – The Minister for food Quamrul Islam on Wednesday opened a lottery of the Bangladesh Protibandhi Kallyan Somity (BPKS) to raise fund for this national voluntary organization dedicated to the welfare of people with all forms of…
Assistance urgent for Rohingya facing severe monsoon: AI
On World Refugee Day, Amnesty International calls on the international community to urgently step up international assistance for more than 900,000 Rohingya refugees in Bangladesh’s Cox’s Bazar District as they face severe monsoon weather.
Interest rates on Bank loan to be 9 percent in July
Dhaka, June 20 – The Bangladesh Association of Bankers (BAB) has decided to reduce the bank loan interest rate to a single digit. From July next, the rate would be 9 percent and it would be 6 percent for deposits.
PM Hasina promises 9.9 million jobs by 2020
Prime Minister Sheikh Hasina today said about 99 lakh new workforce would be added to the country’s manpower sector by 2020.
Anti-graft body for quick end of probe into Panama papers
Anti-Corruption Commission (ACC) Chairman Iqbal Mahmood on Wednesday ordered all ACC officials to complete enquiries by June 30 against individuals or entities whose names have been appeared in Panama Paper and Paradise Paper leaks.
Germany: Merkel’s Bavarian allies critical on euro budget
Chancellor Angela Merkel’s Bavarian allies warned the German leader Wednesday against offering financial concessions to other European countries to resolve a conflict over migration that has shaken her government.
Pvt banks to lower lending, deposit rates from July
Private banks will charge highest 9 percent interest in lending from July next.
Prospective IT sector decries duty burden
Leaders of various IT organisations on Wednesday said that the 21.75 percent VAT and other surcharges imposed on internet is becoming a burden on them.
OECD meets picketty: An alternative narrative
Today’s Profits Are Not Tomorrow’s Investments A picture can say more than a thousand words. This is certainly true for the set of graphs (see below) that the OECD published in its latest Economic Outlook and that show the rate…
UN scy gen, WB president due in Dhaka Wednesday
Dhaka, June 19 – United Nations secretary general António Guterres and World Bank president Jim Yong Kim are due to arrive in the capital Dhaka on Wednesday on a 3-day visit that will include a trip to Rohingya settlements to…
Firoz Rashid accuses Finance Minister of helping bank theft
Jatiya Party MP Kazi Firoz Rashid on Tuesday harshly criticised Finance Minister AMA Muhith for placing the national budget for the 2018-19 fiscal which what he said is laced with both poison and honey to facilitate those plundered banks and…
Stocks mark slight rise in indices
Stocks witnessed a tedious session today as all indices on the country’s two bourses- the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE)-gained marginally on the day.
An approach to fuel innovation led growth
The world is afflicted by problems that people experience in their daily lives: clean air in congested cities, a healthy and independent life in old age, access to digital technologies that improve public services, and treatment of diseases like cancer…
Bringing informal workers under social protection umbrella
Well-structured and administered social protection programs are both financially feasible and socially and economically beneficial. • Strategies for Providing Social Protection for All • Informal workers dominate Asia’s labour force but most lack social protection. • Delivering effective social protection…
Int’l investment treaty terminations outpace new treaties
Geneva, 14 Jun (Kanaga Raja) – Investment treaty-making has reached a turning point, as for the first time, the number of effective treaty terminations outpaced the number of new IIA (international investment agreement) conclusions, according to the UN Conference on…