Cihan Sultanoğlu New York – In the World Bank’s most recent “Doing Business” report, half of the Eastern European and Central Asian countries included in the global ranking were among the top 50. As a measure of economic maturity, the…
Category: Economy
Healthcare professions and jobs going digital
by Aida Ponce Del Castillo With the advent of new technologies, the healthcare sector is confronted with an unprecedented wave of change. What will the sector look like in a few years time? How can healthcare workers navigate an environment…
Samsung Electronics flags record $14.7 bn Q1 operating profit
Samsung Electronics flagged Friday a first-quarter operating profit of 15.6 trillion won ($14.7 billion), a record for any three-month period, as it benefited from soaring demand for its memory chips for mobile devices. Sales for January to March are expected…
Asian stocks broadly higher as trade fears ease
Asian stocks were mainly higher during the opening skirmishes Thursday, taking their cue from a stronger session on Wall Street as investors judged recent trade war fears were overblown.
Bangladesh receives over $1,300m remittance in March
Expatriate Bangladeshis have sent US$1,300.46 million remittance in March this year, which is $222.94 million above than the same month of previous year.
Bahrain’s labour force shrinks
Bahrain’s labour force shrank for the first time in five years in 2017 as the Gulf island kingdom tackled tough economic conditions. In comments carried by state-run Bahrain News Agency, minister of labour and social development Jameel bin Mohammed Ali…
Govt to spend Tk 607cr on excavating city’s 5 canals
The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved 10 projects, including one to excavate and re-excavate five canals in the capital to resolve the water-logging problem, involving around Tk 3,416 crore.
BD-India starts trial run of container trains
Bangladesh and India will now be able to send and receive containerised goods through railways as trial run of first container train from India to Bangladesh was flagged off on Tuesday.
Russia finds Bangladesh as reliable partner in S Asia
Bangladesh and Russia have made substantial headway in trade and economic sector, says a Russian official mentioning that Dhaka is Moscow’s longtime and reliable partner in South Asia. In late 2017, the bilateral trade volumes between the two countries reached…
Tokyo drives Asia stocks higher in light holiday trade
Tokyo stocks led Asian markets higher on Monday, shrugging off disappointing business confidence data to climb slightly higher in thin holiday trade. With no direction from Europe or Wall Street — both closed for Easter holidays at the end of…
Bahrain discovers largest oilfield since 1932
Bahrain said it had discovered the country’s largest oilfield in decades, located off the west coast of the kingdom, according to state news agency BNA. The new tight oil and deep gas resource is expected to contain many times the…
Ethiopia export revenue hits 42 mln USD from industrial parks in six months
Ethiopia earned 42 million US dollars in export revenue from industrial parks during the first six months of Ethiopian Fiscal Year 2017/18 which started July 9, an Ethiopian official said on Saturday.
Rising debt to hinder development, think-tank fears
Unnayan Onneshan (UO), an independent multidisciplinary think-tank, reveals that persistently increasing outstanding debt along with high debt-service payment every year is likely to lower development finance and escalate intergenerational debt burden.
Lebanon approves 2018 budget ahead of support summit
Lebanon’s parliament has adopted a 2018 government budget projecting a slightly reduced deficit of $4.8 billion.
Japan factory output turns up in February
Japan’s factory output picked up in February while the jobless rate stayed low, official data showed Friday as the world’s third largest economy continues a solid expansion. Factory output rose 4.1 percent month-on-month, according to industry ministry data, falling short…
Women’s Economic Inclusion: Legal barriers still widespread
Washington, March 29 – Governments in 65 economies took steps to improve women’s economic inclusion, enacting 87 legal reforms in the past two years, says the World Bank Group’s Women, Business and Law 2018 report, released today.
Apex BD business chamber for business-friendly revenue system
Leaders of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Thursday demanded that a business-friendly and hassle-free system be devised for effectively collecting revenue. They came up with the demand at a meeting with the National Board…
Conflicts force up global hunger levels
Largely driven by conflict, the number of hungry people has dramatically increased around the world, reversing decades of progress, according to a new report.
Celebrations herald new set of hurdles for Bangladesh
Bangladesh’s great strides in human development were widely celebrated this month, although they come at the potential cost of Western trade benefits that have helped underpin the nation’s export success for decades.
Asia markets see more losses as Easter break approaches
Most Asian stocks extended their selling on Thursday as a volatile week draws to an early close in many markets, while bubbling trade tensions and another painful day for Wall Street technology shares continued to feed uncertainty.
‘Urban poverty requires immediate attention’
Urban poverty, caused by rapid urbanisation for economic opportunities, has taken a serious turn in the country that requires an immediate attention, says ActionAid Bangladesh on Wednesday.
We need more social investment but no more PPPs
Europe needs to spend €1.5 trillion on social infrastructure between now and 2030 to redress the massive underspend over recent years and to address the increasing demands on social services. This is one of the main arguments of the report,…
Asian markets tumble again as US tech sell-off spreads
Asian markets resumed their downward spiral on Wednesday following a sell-off on Wall Street, with technology firms tracking their US counterparts, while trade war fears continue to niggle at investor confidence.
$930M given for Yemen aid as Saudi prince meets UN leader
United Nations, Mar 28 (AP/UNB) — Saudi Arabia and the United Arab Emirates have given $930 million to U.N. humanitarian efforts in Yemen as a war between a Saudi-led military coalition and Yemen’s Houthi rebels enters its fourth year.
RAKUB’s fisheries programme becomes boon for farmers
Special credit programme of Rajshahi Krishi Unnayan Bank (RAKUB) for boosting fish production has been gaining popularity everywhere in the country’s northwest region over the last decade.
IFAD-Myanmar $65.2m smallholder agriculture deal
Rome, 26 March – The International Fund for Agricultural Development (IFAD) and Myanmar signed a financing agreement today to improve incomes for 62,400 poor rural households who depend on smallholder agriculture, agroforestry, or rural wage labour in the eastern states…
Asian markets suffer fresh losses on trade war fears
Asian markets extended last week’s worldwide plunge as investors fret that Donald Trump’s controversial tariffs on $60 billion of Chinese goods will spark a trade war that would hammer the global economy. The US move to impose levies, claiming China…
Asian markets plunge with Wall Street as Trump sparks trade war fears
Asian markets plunged Friday following a sell-off in New York as Donald Trump sparked fresh trade war fears by imposing huge tariffs on Chinese imports and Beijing unveiled countermeasures against US goods. The president announced levies on up to $60…
PM launches week-long LDC graduation program
DHAKA, March 22, 2018 (BSS) – Prime Minister Sheikh Hasina today urged the countrymen to keep up the achievement dedicating Bangladesh’s graduation to a developing nation to them as she was accorded a grand reception for her stewardship for the…
Govt changed only AL-men’s fortunes: BNP
Dhaka – BNP senior leader Amir Khasru Mahmud Chowdhury on Thursday alleged that the government has only developed the ruling party’s position and its leaders and activists, not the country over its nine-year rule. “Have you ever seen such processions…