Bangladesh’s gross domestic product (GDP) will be 7 percent in the current fiscal year (2017-’18) while 7.2 percent in the next fiscal as its economy looks to be in a very good shape, says the Asian Development Bank (ADB).
Category: Economy
Quota reform protesters to continue demo till Thursday
Bangladesh General Students’ Rights Protection Council on Wednesday announced to halt their movement until Thursday morning and disclose their decision over it in a press conference in the morning.
US-Bangla plane crash: Family of each deceased to get $50,000
Dhaka, Apr 11 – Families of those killed in the US-Bangla airplane crash will get at least $50,000 as compensation from the Tribhuban International Airport authority in Nepal, said Civil Aviation and Tourism Minister AKM Shahjahan Kamal. -UNB
Demos for quota reform halt Dhaka traffic
Dhaka, Apr 11 -Traffic movement in different parts of the capital came to a halt on Wednesday as university students continued their demonstrations for the fourth consecutive day blocking roads to press home their demand for reform of the quota…
No quota system in govt jobs anymore, announces PM
Dhaka, Apr 11 – Prime Minister Sheikh Hasina on Wednesday announced that there will be no quota system in government jobs anymore. -UNB
Tokyo stocks flat at the open
Tokyo stocks opened flat Wednesday, taking a breather after rises the previous day as a conciliatory speech by Chinese President Xi Jinping eased fears of a trade war with the United States.
Palestinians denied the right to development: Untad
Geneva, 5 Apr (Kanaga Raja) – A number of practices by Israel with regard to the Occupied Palestinian Territory have imposed economic costs on the Palestinian people, either by obstructing their economic activity or impeding economic advancement and development, a…
Renewable energy can build prosperity in Pakistan: IRENA
IRENA assessment shows Pakistan’s abundant renewable resources can boost power generation and energy access Islamabad, 10 April — Pakistan can spur social and economic development with renewable energy while increasing energy security and improving energy access, according to a new…
5-member body to probe attack on DU VC’s house
Dhaka, April 10 – A five-member probe committee headed by Prof Dr Nasrin Ahmad, pro-VC of Dhaka University, has been formed to investigate into the attack on the residence of Dhaka University Vice-chancellor.
No plan to impose vat on Private Universities: PM
Prime Minister Sheikh Hasina on Tuesday said the government has no plan to impose value added tax (VAT) on education, including private universities.
Quota protesters reunite to continue movement
Overcoming its division and confusion over continuing the quota reform movement, Bangladesh General Students’ Rights Protection Council on Tuesday afternoon announced to go on with the agitation until a specific statement from the Prime Minister to this end is made.
Govt agents behind attack on DU VC’s house: BNP
BNP on Tuesday alleged that ‘government agents’ carried out the attack on the residence of Dhaka University Vice Chancellor (VC) to divert the general students’ quota-reform movement to a different direction.
Quota system reexamination after budget: Muhith
Finance Minister AMA Muhith said the government will re-examine the quota system of the public servant recruitment after the national budget.
NBR to organize ‘Halkhata’ on April 14
DHAKA, April 10 -National Board of Revenue (NBR) will organise ‘Halkhata Day’ marking Pahela Baishakh, the first day of Bengali New Year. -BSS
Empty university classrooms speak volumes for quota reform
Dhaka, Apr 10 – While the flame of quota reform demand is gaining momentum with the growing involvement of students and jobseekers at the foot of Raju Sculpture on the Dhaka University campus, students boycotted their regular classes apparently to…
Matia terms anti-liberation forces behind quota mayhem
SANGSAD BHABAN, April 9 – Agriculture Minister Begum Matia Chowdhury today said the agents of the anti-liberation forces had created mayhem in the name of protest staged by the students in the capital yesterday for review of the quota system…
Asian markets rally as Xi soothes fears of a China-US trade war
Asian markets rallied Tuesday after Chinese President Xi Jinping eased worries over a simmering US trade conflict by promising new measures to open his country’s massive economy “wider and wider”. In a closely watched speech at the Boao Forum—dubbed the…
Wave of protest in support of quota reform at RU
Dhaka, April 9 – Demanding the reform of Quota system and protesting cop’s attack on protesters students of Rajshahi University blocked the Dhaka-Rajshahi Highway on Monday.
Dhaka-Delhi sign 6 MoUs to strengthen ties
Bangladesh and India on Monday signed six documents to strengthen development cooperation between the two countries. Indian Foreign Secretary Vijay Keshav Gokhale and his Bangladesh counterpart M Shahidul Haque witnessed the signing of the documents at state guesthouse Padma after…
Banks get three more months to bring down ADR
DHAKA, April 9 – Bangladesh Bank today extended the time by three months for banks to bring down their respective Advanced Deposit Ratio (ADR) or Investment Deposit Ratio (IDR) within the new limit declared on January 30. -BSS
Demonstrations for quota reform continue across country
Dhaka, Apr 9 – Students of different universities in the country continued their protests for the second consecutive day on Monday demanding that the exiting quota system in public service be reformed. –UNB
Protestors postpone movement for quota reform until May 7
Dhaka, Apr 09 –The protesters postponed their movement until May 7 following the assurancefrom the government to bring ‘logical reform’ in the existing quota system, said Road Transport and Bridges Minister Obaidul Quader on Monday. -UNB
Rolls-Royce sells German unit L’Orange
British engine maker Rolls-Royce said Monday it has sold German division L’Orange for 700 million euros ($860 million) to US group Woodward.
Women’s recruitment through civil service exams on decline
Dhaka, Apr 8 – The rate of women recruitment through the BCS examination has declined over the last four BCS tests.
China’s five big banks see faster profit growth
China’s five major banks reported faster net profit growth and lower bad loan rates in 2017. The country’s biggest bank, the Industrial and Commercial Bank of China (ICBC), saw its net profit up by 3 percent in 2017, while Bank…
Safety nets saved one-third very poor from extreme poverty
The State of Social Safety Nets 2018: Safety nets protect vulnerable households from impacts of economic shocks, natural disasters, and other crises • An estimated 36 percent of the very poor escaped extreme poverty because of social safety nets, providing…
‘Next decade for BD economy looks bright’
Bangladesh Bank’s Chief Economist Faisal Ahmed on Saturday said the diversification in Bangladeshi business beyond the RMG sector is shaping the country for a better future in the next decade.
UN SDGs cannot be achieved if bombs keep falling from sky
By Miroslav Lajčák Baku, Azerbaijan, Apr 6 (IPS) – I am honoured to pay a visit to the Non-Aligned Movement (NAM) to address this Ministerial Meeting. I would like to use this opportunity to commend the role of the Non-Aligned…
Micro gardening scheme to help feed Rohingya refugees
By International Organization for Migration Cox’s Bazar, Bangladesh, Apr 6 (IOM) – IOM, the UN Migration Agency, and the UN Food and Agriculture Organization (FAO) are distributing 50,000 vegetable gardening kits to tackle malnutrition and improve the diet of people…
How corruption impedes universal health coverage
Sania Nishtar Islamabad – Half of the planet cannot access essential health services. For many people, paying to see a doctor, obtaining medications, seeking family-planning advice, or even getting immunized against common illnesses is a choice between staying healthy and…