After a very long and rather Kafkaesque election night in Hungary, FIDESZ secured a victory for a third term of governing with a two-thirds majority. After eight years in government, the vote for the radical right in fact increased, with…
Category: Economy
Asian markets rally as energy firms track oil surge
Asian markets enjoyed another day of gains Thursday as energy firms tracked a surge in oil prices, while fears over Syria and a possible China-US trade war eased. Fresh hopes that Donald Trump and North Korea’s leader Kim Jong Un…
Another debt crisis for poor countries?
By Masood Ahmed Washington DC, Apr 18 (IPS) – When the world’s finance ministers and central bank governors assemble in Washington later this month for their semi-annual IMF meeting, they will no doubt set aside time for yet another discussion…
DU withdraws expulsion of Esha, hall mates afraid
Dhaka, April 18 – The Dhaka University authority on Wednesday withdrew the expulsion order on Kabi Sufia Kamal Hall BCL unit president Iffat Jahan Esha of the University who allegedly assaulted three resident students of the movement for joining quota…
Quota protesters want cases withdrawn in 7 days
The organisation of students demanding reforms to quota system in government jobs has given the police and Dhaka University authorities a week’s deadline to withdraw the cases over violent clashes during the protests.
Asian markets rise as Wall St, N.Korea provide positive lead
Asian markets climbed Wednesday following a rally on Wall Street as easing trade and Syria concerns allowed investors to concentrate on earnings and upbeat data, while
Make women empowerment cornerstone of society: PM
Prime Minister Sheikh Hasina on Tuesday underlined the need for building a future where world peace and women empowerment will remain the cornerstone to create a peaceful society free from poverty and discrimination.
Working people’s real income falls: CPD
Dhaka, April 17 – Bangladesh is sliding towards an ‘incomeless employment’ as real income of working class people has declined.
Police refutes quota-reform activists’ claim of blindfolding
Police today denied the claim of three quota reform activists’ that they were blindfolded while being taken to Detective Branch (DB) office yesterday, saying “It was a misunderstanding”.
Long-term unemployed youth: The legacy of the crisis
A decade on from the financial crisis and Europe is finally on a stable path towards recovery, with growing economies and robust improvements in labour market participation in all Member States. However, the long-term implications of the crisis still weigh…
Oil prices ease after Syria air strikes
Oil prices slid on Monday amid relief that US-led strikes on Syria did not provoke an escalation in the conflict, easing investor fears about the security of crude oil supply.Russia holding back on any military riposte helped lift Wall Street,…
Quota protesters threaten fresh agitation
Bangladesh General Students’ Rights Protection Council’ on Monday threatened to wage a fresh movement if the cases filed against them during the quota-reform movement are not withdrawn within the next two days.
Stocks up on large cap vive
Stocks witnessed upward trend on Monday with rising trend of all the indices at Dhaka and Chittagong stock exchanges on higher activities of large-cap securities.
3 quota demo leaders released after ‘detention’ by DB
Dhaka, April 16 – Barely an hour after their ultimatum for withdrawal of all the cases filed against them during their demonstration for quota reform, three leaders of Bangladesh General Students’ Rights Protection Council were reportedly picked up by detectives…
‘The labour market basis for populism’
All over the world, populist parties and movements are growing ever more strongly, and established parties appear to lack effective strategies to combat this. A newly-published report from Stockholm-based think tank Futurion confirms that this growing populism can be explained…
Asia stocks fall after Syria strike
Asian markets fell on Monday after a US-led strike on Syrian targets fuelled fresh geopolitical concerns over the tinderbox Middle East, though analysts said investors were hopeful the crisis would not escalate. The US, Britain and France carried out their…
Stocks start week down as major sectors dip
Stocks witnessed a sluggish trend on the first day of the week on Sunday as most of the indices of both Dhaka and Chittagong stock exchanges witnessed a fall.
China’s largest trade fair opens
China’s largest trade fair opened its 123rd session Sunday in south China’s Guangdong Province, attracting more than 25,000 companies as exhibitors.
Bring down interest rates to promote investment: PM
Prime Minister Sheikh Hasina on Friday asked bankers to bring down the interest rates of loan to single digit to boost investment in the country.
BSEC working to introduce Islamic ‘Sukuk’ in capital market
Bangladesh Securities and Exchange Commission (BSEC) is working to introduce ‘Sukuk’, an Islamic financial certificate similar to bond, in the capital market for financing the large projects. “The work is going on to form rules of Sukuk. Recently, we had…
BNP sees trick in PM’s quota abolition declaration
Dhaka, Apr 12 – BNP on Thursday alleged that there is a trick in Prime Minister Sheikh Hasina’s announcement for quota abolition in public service as she did it out of her anger.
PM Hasina calls for austerity in electricity consumption
Dhaka, Apr 12 – Prime Minister Sheikh Hasina on Thursday urged all to practice austerity in using the electricity as consumers are getting it at a very lower price due to government subsidy in this sector.
No new move in budget in election year
Hinting at no major change in the upcoming national budget Finance Minister AMA Muhith on Thursday said that the ongoing measures in the revenue collection will continue in the next fiscal.
FBCCI for slashing corporate tax, raising tax-free income ceiling
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today proposed slashing corporate tax by 2.50 percent and increasing the individual tax-free income limit to Taka 3.50 lakh from the existing Taka 2.50 lakh.
Job seekers and students call off quota reform protests
Dhaka, Apr 12 – Bangladesh General Students’ Rights Protection Council on Thursday announced to stay all their protest programmes in response to Prime Minister Sheikh Hasina’s decision to cancel all quotas for government jobs.
Europe: PPPs show ‘widespread shortcomings, limited benefits’
Geneva, 11 Apr (Chakravarthi Raghavan) – While Public-Private Partnership s (PPPs) have the potential to achieve faster policy implementation and ensure good maintenance standards, an audit of such projects in the European Union show s “widespread shortcomings and limited benefits”,…
BAU students again block Dhaka-Mymensingh rail track
Mymensingh, April 11 – Students of the Bangladesh Agricultural University (BAU) blocked Dhaka-Mymensingh rail track today as a part of their movement demanding revision of quota system and protesting at the attack on a student of Kabi Sufia Kamal Hall…
BNP welcomes cancellation of job quota system
Dhaka, April 11 – The BNP, arch rival of the ruling Awami League, has welcome Prime Minister Sheikh Hasina’s announcement of cancellation of quota system in government service in the wake of movement of students and jobseekers.
Quota system abolition people’s victory: Moudud
BNP senior leader Moudud Ahmed on Wednesday described the Prime Minister’s announcement to abolish the quota system in public service in the face of a students’ movement as people’s ‘victory’.
Rusian Rouble falls on Trump missile threat, sanctions
The Russian ruble has again fallen sharply as last week’s U.S. sanctions continue to bite and President Donald Trump threatened a missile strike on Syria.