Bangladesh Bank (BB) will organise a three-day fair in the city from March 8 for the successful women entrepreneurs to display and promote their products.
Category: Economy
Bankers should follow basic concept strictly
Senior bankers have asked their newly recruited cashiers to follow the basic concepts in banking activities strictly to gain success in the profession. They added the junior bankers should know about the banking basic concept and be familiarised with it…
ADB partners with DBBL to provide support for trade
The Asian Development Bank’s (ADB) Trade Finance Program (TFP) and Dutch-Bangla Bank Limited (DBBL) on Thursday signed an agreement to provide $10 million in loans annually to support trade in Bangladesh. ADB’s TFP has been operating in Bangladesh since 2004…
Reframing the free market debate
March 1, 2006. America has two pre-eminent values, individual liberty and democracy. Our economic conversation emphasizes free markets, and free markets based on laws of property and contract do a relatively good job advancing individual liberty. However, markets do less…
Riyadh to bar foreign workers from some sectors
Saudi Arabia has no intention of slowing down its plans to bar foreign workers from some roles, the kingdom’s labour minister has said. Ali Al-Ghafis made the remarks during a meeting with the heads of Saudi chambers of commerce and…
Hong Kong stocks bounce at open
Hong Kong stocks rallied more than one percent after opening on Friday morning, rebounding from the previous day’s losses and helped by gains on Wall Street.
Palli Sanchay Bank to open branches in all upzillas by March
Palli Sanchay Bank (PSB) will open its branches in all upzilla headquarters to help poor and extreme-poor become self-reliant by providing them with collateral-free loans and brining their micro-savings in a revolving credit scheme. “The bank has already started its…
Dubai real estate slump to continue for two more years: S&P
The downturn impacting the Dubai property market is expected to continue for at least another two years, according to ratings agency S&P. In a report, the company said prices and rents had declined the 5-10 per cent it expected last…
Do Trump’s deficit matter
Should Democrats complain about the large deficits that Trump and the Republicans are creating? Or is this playing into the Republican narrative that made the stimulus in 2009 inadequate and gave us austerity from then onwards?
Ensuring a water and food secure future through farmer-led irrigation
by Steven Schonberger How can we think in new ways about expanding farmer-led irrigation in support of global food security and poverty reduction? This was the question at the heart of the 2017 Water for Food International Forum. The t…
Vision 2030 & the political costs of Saudi reforms – Part 2
By Adel Abdel Ghafar Doha, Qatar, Feb 20 (IPS) – A pillar of the Saudi social contract has been the allocation of oil rents to the population in exchange for loyalty and fidelity to the Saud clan. A key weakness…
EU doubling renewables by 2030, key to emission reductions
A New IRENA report outlines how increasing share of renewables to 34% can boost economy, and help meet emission reductions goals Brussels, 20 Feb — The European Union (EU) can increase the share of renewable energy in its energy mix…
Long-term investment in infrastructure urged
Speakers on Tuesday put emphasis on the long-term infrastructure investment plan and more use of inland waterways to reduce container jam in Chittagong port.
32 Bangladesh missions meet export target
Thirty-two out of 57 Bangladesh missions abroad successfully achieved their respective export targets in the first half of the current fiscal year (2017-18), according to the Export Promotion Bureau (EPB).
HR-based approach to SDGs helps realise right to work
Geneva, 19 Feb (Kanaga Raja) – Implementing the Sustainable Development Goals and targets applicable to work in accordance with a human rights-based approach will make a significant contribution to the realisation of the right to work.
Hasina invites Dutch PM to launch BD Delta Plan 2100
Dhaka, Feb 19 – Prime Minister Sheikh Hasina has invited her Dutch counterpart Mark Rutte to visit Bangladesh for launching the Bangladesh Delta Plan 2100 here this year.
Will Vision 2030 usher the new Kingdom of Saud? – Part 1
By Adel Abdel Ghafar Doha, Qatar, Feb 19 (IPS) – The Kingdom of Saudi Arabia is undergoing a process of change in its social, economic, and political structures unseen since its founding in 1932. Crown Prince Mohammed Bin Salman and…
Debt restructuring turns more difficult and costly
The South Centre has announced the publication of Investment Policy Brief No. 10 entitled “How international investment agreements have made debt restructuring even more difficult and costly” by Yuefen LI, Special Advisor on Economics and Development Finance of the South…
Protect rights of labourers in Gulf: Filipino community
A call to ensure the rights of unskilled domestic workers in Gulf countries has been issued by the Filipino community. It comes as the Philippines Department of Labour and Employment (DOLE) on Monday issued an employment ban of overseas Filipino workers…
Latin America focuses on attacking pockets of rural poverty
By Orlando Milesi Santiago, Feb 19 (IPS) – Identifying territories where rural poverty is most entrenched in Latin America and the Caribbean to apply new tools and innovative policies to combat hunger is the new strategy that will be discussed…
Chinese bourses to become Dhaka Stock’s strategic partners
The Dhaka Stock Exchange Limited has given the final go-ahead to a consortium of two Chinese bourses to become strategic partners with 25 percent stakes in the company.
Tokyo stocks open higher after Wall St gains
Tokyo stocks opened higher on Monday, buoyed by investor relief over continued gains on Wall Street last week. The benchmark Nikkei 225 index rose 0.72 percent or 155.32 points to 21,875.57 in early trade while the broader Topix index was…
King Salman endorses after cabinet okays bankruptcy law
Saudi Arabia’s cabinet has approved a bankruptcy law, sources familiar with the matter said, giving a boost to efforts to make the kingdom more enticing to investors. Modern bankruptcy legislation does not currently exist in Saudi Arabia, creating difficulties for…
Jute Mills Corpn incurs loss despite efforts to rejuvenate it
Dhaka, Feb 18 – Despite the taking of several steps to expedite the activities including economic performance of the state-owned Bangladesh Jute Mills Corporation (BJMC), the organization has incurred about to Tk 500 crore as loss last year.
Investment with Islami banks increases 19 percent
The investments with the Islamic banking accounts have increased by 19.03 percent at end of the October-December quarter of 2017 compared to the corresponding period of the preceding year, 2016.
IMF’s Lagarde warns on rate risk from US tax reform
IMF chief Christine Lagarde warned Saturday that economic stimulus from US tax cuts may lead to a rapid rise in interest rates which would weigh on countries with high debt levels.
‘Take comprehensive preparations for sustainable LDC graduation’
Dhaka – Speakers at a seminar on Saturday stressed the need for taking comprehensive preparations for the country’s sustainable graduation from Least Developed Countries (LDCs) as Bangladesh will not avail itself of the LDC facilities in the world trade after…
World stocks most rise as rate-hike fears ebb
Global stocks mostly rose Friday as investors continued to ramp up purchases as equities have stabilized following a bout of volatility earlier in the month.
Self-interest and countries left behind
The world’s wealthiest countries today promote development abroad in a way that is relatively new. For centuries, some of these countries colonized the developing world. As former colonies gained independence they were caught in the international power struggle of the…
Debt is a determining factor in History
By Eric Toussaint Sovereign debt has been a crucial factor in a series of major historical events. From the early 19th century, in Latin American countries such as Colombia, Mexico and Argentina, struggling for independence,as well as Greece when seeking…