Rajshahi zone has realized income taxes of Taka 388.15 crore in the first eight months of the current 2017-18 fiscal year up by Taka 100.54 crore than corresponding months of the previous fiscal. Number of taxpayers has also been stood…
Category: Economy
Unlock new dynamics in renewable energy, BD President tells ISA
New Delhi, Mar 11 – President Abdul Hamid on Sunday said Bangladesh is ready to cooperate with all the International Solar Alliance (ISA) members countries in ensuring affordable, reliable, sustainable energy, and urged all to protect the environment for the…
IRENA-ISA to accelerate solar energy deployment
Joint Declaration by the International Renewable Energy Agency and International Solar Alliance pledges close cooperation to promote solar energy globally New Delhi, India, 11 March – On the occasion of the Founding Conference of the International Solar Alliance (ISA) Sunday,…
After Cohn, Mnuchin positions himself as the economic moderate
With President Donald Trump’s top economic advisor Gary Cohn out the door, US Treasury Secretary Steven Mnuchin is working to assume the mantle of the White House’s main economic voice of reason.
Democracy, economic justice inalienable: Dr. Zafrullah Chy
Founder of Gonoshasthya Kendra, Dr. Zafrullah Chowdhury on Saturday called for courage to assert the democratic rights and raise voice against economic injustice. These are the two main cornerstones on which the War of Liberation was fought, he said.
US stocks rally after strong jobs report; Nasdaq ends at record
Wall Street stocks surged Friday, with the Nasdaq ending at a record following a strong US jobs report and the announcement of a summit between the US and North Korea. However, uncertainty surrounding US President Trump’s tariffs plans and fears…
Cautious Bank of Japan holds line on monetary policy
Japan’s central bank on Friday said it was keeping its ultra-loose monetary policy in place, in keeping with expectations, as the world’s third-largest economy struggles to rekindle growth. The Bank of Japan’s massive monetary easing programme is a cornerstone of…
8000 flats planned for insolvent BD freedom fighters
Dhaka, March 8 – The Executive Committee of the National Economic Council (ECNEC) today approved a total of six projects involving an overall estimated cost of Taka 7,466.73 crore including one to construct some 8,000 flats for the insolvent freedom…
$40m German grant for climate resilient infrastructure in BD
Dhaka, March 9 – Germany will provide $40 million in grant for Climate resilient infrastructure mainstreaming in Bangladesh. A Financing Agreement to the tune of $40 million has been signed on Thursday between the Bangladesh and KfW, Development Bank German…
The Bitcoin threat
By Harold James Unless a currency has been authenticated by a government, it is unlikely to be fully trusted. But that does not mean that it cannot become a plaything for the naïve and gullible, or a weapon of financial…
Use new data tools to transform research on Gender Equality
Danielle Nierenberg March 8 is International Women’s Day, a day to celebrate the economic, social, cultural, political, and agricultural achievements of women all around the world. This year’s theme is #PressforProgress, a call to women everywhere to unite against gender…
Slowing Australia economic growth puts off rate hike expectations
A slowdown in Australia’s economic expansion will keep interest rates at a record-low for much of this year, analysts said Wednesday, as net exports weighed on growth even as consumer spending lifted.
Fundamental rights Fear loathing and poverty: Italy after elections
The post-election map of Italy has two main traits: fear and poverty. Northern and Central regions have gone to a Centre-Right-wing coalition where the leader is not anymore Forza Italia’s Silvio Berlusconi but the League’s Matteo Salvini, who dropped its…
Outline of a new world currency system
The financial and economic crisis and the drastic situation in the Eurozone have shown the limitations of liberalised markets in ensuring – of their own accord – some sort of consistent order. For more than thirty years, our politicians have…
Weak wage growth keeps Australia rates on hold
Australia’s central bank kept interest rates at a record low Tuesday in a widely expected decision with wages growth still weak and inflation below target.
Green Climate Fund approves $1 billion for funding 23 units
Songdo, 5 March (Indrajit Bose) — The Board of the Green Climate Fund (GCF) agreed on a process for the replenishment of its resources after much wrangling. It also adopted a host of decisions and approved over USD 1 billion…
The future of fish farming
Linus Blomqvist New Haven – Demand for seafood is skyrocketing, and will continue to rise throughout this century. The only way to meet it will be through aquaculture. Yet, while next-generation aquaculture will be far more ecologically responsible than its…
Berlusconi’s flat tax fallacy
“A flat tax is for a flat earth”: This was my answer to Grzegorz Kolodko, Poland’s Minister of Finance and First Deputy Premier for the Economy (1994-97 and 2002-03), when in the mid-1990s he asked me – his adviser sponsored…
Insurance sector contributing to national economy: Ashiqur
The country’s boosting insurance sector is significantly contributing to the national economy, infrastructural development, cutting unemployment side by side with enhancing the Gross Domestic Product (GDP).
Stocks open optimistic on both bourses
Dhaka, Mar 4 – The prices of most shares on both bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed an upward trend in early hours of trading on Sunday as enthusiastic investors remain active.
Trump steps up war of words over trade tariffs
US President Donald Trump has stepped up his war of words over trade tariffs, threatening to “apply a tax” on imports of cars from the European Union. Mr Trump said other countries had taken advantage of the US for years…
Green details on how Power Africa changes Africa
Mohammad Zainal Abedin, NY New York – USAID Administrator Mark Green details how Power Africa brings about revolutionary changes in Africa. Addressing the three-day 4th Powering Africa Summit (PAS) held at Marriott Marquis Hotel in Washington, D.C from February 28 to…
819 houses brought under power network in Chandpur
A total of 819 houses of seven villages under Faridganj upazila of the district have been brought under rural electrification network by Chandpur Palli Bidyut Samity-2 (CPBS) on Saturday.
Europe’s poor need more than jobs
More EU citizens work than ever recorded. Twelve million moved into work in just the past four years. That is more than the total population of Belgium or Greece. That’s the exciting news. But what will it mean for Europe’s…
Saudi developer to close Umm Al Qura merger this year
Jabal Omar Development Co., one of Saudi Arabia’s largest listed property developers, expects to finalise its merger deal with Umm Al Qura Development and Construction in 2018, a senior company executive told Reuters. The deal, announced in November, is key…
Toyota: US tariffs will ‘substantially’ increase car prices
Japanese car giant Toyota on Friday warned that US steel and aluminium tariffs would harm automakers and “substantially” increase the price of cars sold in America.
Stock trading witnessed mixed trending on Thursday
The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw mixed trend in early hours of trading on Thursday as investors remain active on both sides of the trading session.
Asian markets see in March with another sell-off
Asian markets saw in March with sharp losses on Thursday, extending a global sell-off on US interest rate hike fears, with energy firms taking another hit from plunging oil prices. After a couple of weeks of calm, the volatility that…
Behind Benin’s cotton harvest, worries over ‘monopoly’
The sleepy town of Bohicon in southern-central Benin roars into life during the cotton harvest between January and March. Enormous trucks piled high with “white gold” trundle down the roads to the town’s cotton-processing plant.
Saudi Arabia to recruit Bangladeshi manpower on priority
STAFF REPORTER Dhaka, Feb 27 – Saudi Arabia has pledged to give priority to Bangladesh in recruiting manpower both male and female from abroad, said Minister for Expatriate Welfare and Overseas Employment Nurul Islam.