Bangladesh Bank governor Fazle Kabir has said remittance inflow through proper banking channel has increased as the central bank has taken initiatives to discourage it through non-banking channels.
Category: Economy
Structural neglect of human rights impacts financial crisis
Geneva (Kanaga Raja) – The policy responses to the recent financial crisis have revealed a deep-seated structural neglect of human rights in economic policy formulation, insufficient protection of the most vulnerable and a lack of attention to participation, consultation, transparency…
US$92.4m to improve livelihoods in flood-prone areas
Rome, 13 February 2018 – The International Fund for Agricultural Development (IFAD) and Bangladesh signed a financing agreement today to sustainably improve incomes and promote resilience to extreme weather conditions for 303,000 rural households in six flood-prone districts in northern…
4G auction fetches BTRC Tk 5268.51 cr
Dhaka- Bangladesh Telecommunication Regulatory Commission (BTRC) on Tuesday earned Tk 5268.51 crore in revenue from 4G spectrum auction and tech neutrality fees from three mobile operators.
Kamal urges Canada to invest more in Bangladesh
Planning Minister AHM Mustafa Kamal today urged Canada to invest in Bangladesh in a larger volume utilising the existing investment-friendly policy of the government.
Stock market turmoil may expose flaws in global finance
By Martin Khor Penang, Malaysia, Feb 12 (IPS) – Was last week’s global stock market sell-off only a “correction” or does it signify a new period of financial instability, caused by major flaws in the world financial system? The stock…
IFAD member states renew vow to reduce hunger, poverty
Rome, 12 Feb – At a time when hunger is on the rise due to conflict and climate change, the 176 Member States of the International Fund for Agricultural Development (IFAD) today announced a target for contributions that will support…
Global markets seeing ‘necessary corrections’: IMF chief
The latest volatility in global financial markets represents “necessary corrections”, IMF chief Christine Lagarde said in Dubai on Sunday, in the wake of a Wall Street plunge. “The market trepidations that we have seen in the last few days are…
US stocks end brutal week on benign note; European, Asian stocks dive
Wall Street stocks ended a bruising week on a benign note courtesy of a late-session surge Friday, while equity markets in Europe and Asia fell sharply in volatile trading. US stocks lurched back and forth in a rollercoaster session, opening…
Work on world’s tallest tower continues after Saudi corruption purge
Construction of the world’s tallest skyscraper in Jeddah is going ahead, the head of the consortium behind the $1.5bn project said, despite the detention of some businessmen backing the plan in Saudi Arabia’s crackdown on corruption. His comments were a…
Dhaka, Delhi agree to set up more border haats
Bangladesh and India have agreed in principle to set up more border haats (markets) along the common borders of the two countries in future considering the local demand.
US govt shuts down for second time this year
The US government has officially shut down for the second time this year because Congress failed to meet a deadline to vote on a new budget. Senators struggled with last-minute objections from Republican Rand Paul, but have now passed the…
Asian markets bounce back from ‘sell-off we had to have’
Tokyo and Hong Kong led a rebound across Asian markets on Wednesday as investor confidence returned after the previous day’s battering, with Wall Street providing a positive lead. Trading floors were a sea of red Tuesday after a record one-day…
LDCs’ outlook improving, but fraught with uncertainties
Geneva, 5 Feb (Kanaga Raja) – While real GDP growth for the Least Developed Countries (LDCs) as a group is forecast to strengthen somewhat to 5 per cent in 2017 and 5.4 per cent in 2018, the modest improvements in…
Blaming Immigrants For Economic Troubles
Immigration has always been a prominent issue in American politics. It has become even more salient with the presidency of Donald Trump. A major debate at the moment concerns the economic impact of immigration—low-skilled immigration, in particular. It is argued…
US services sector sees record growth in January
The US services sector expanded at a record pace in January, springing to life after slowing for two straight months, according to a business survey released Monday.
Net Neutrality: Trump’s deregulation sets digital giants free
The current querelle on net neutrality offers a telling example of how self-regulation could be the “evil” of the Internet rather than its “panacea” if it alone sets the rules.
Asian markets tank after Wall St sell-off, rising yields fan fear
Asian markets tumbled on Monday after US stocks were pummelled at the end of last week, with traders fretting that a surging US economy will lead to sharp interest rate hikes by the Federal Reserve. The selling was also fuelled…
Trade Fair fetches export order of $1.6 billion
Dhaka, Feb 4 – After a four-day extension, the closing ceremony of the 23rd Dhaka International Trade Fair (DITF-2018) was held at Sher-e-Bangla Nagar in the capital on Sunday. Commerce Minister Tofail Ahmed who was the chief guest of the…
Int’l firm may dig out info on money laundered from BD
Dhaka, 04 Feb – The National Board of Revenue (NBR) is planning to appoint an international accounting firm to dig out information about money laundered from the country, said NBR chairman Md Mosharraf Hossain Bhuiyan.
FDI flows fell by 16% last year, says UNCTAD
Geneva, 25 Jan (Kanaga Raja) – Global foreign direct investment (FDI) fell by 16% in 2017, to an estimated US$1.52 trillion, with the slump in FDI flows to developed countries being the principal factor behind this global decline, the UN…
India appeals to key rural areas in last budget before election
India promised hundreds of billions of dollars to develop poor rural areas and to help struggling farmers in its annual budget Thursday, looking to win over voters ahead of the next general election. Finance Minister Arun Jaitley said the government…
BD middle class potential yet to be fully tapped
Abdur Rahman Jahangir, UNB Staff Writer Dhaka, Feb 1 – Though Bangladesh has been witnessing a tremendous growth of its middle-class population over the last two decades, the full potential of this driving economic force still remains untapped, mainly for…
RMG sector will continue its growth: Amu
Industries Minister Amir Hossain Amu today said the development of the country’s ready-made garments (RMG) sector will not be hindered since the government is sincerely working to continue its pace. “Despite different negative campaigns against Bangladesh in the international market,…
Tackling inequality talk is easy
By Anis Chowdhury and Jomo Kwame Sundaram Sydney & Kuala Lumpur, Jan 30 (IPS) – At this year’s Davos World Economic Forum (WEF), Canada’s Prime Minister, Justin Trudeau warned the world’s business leaders and fellow politicians, “tackle inequality or risk…
The myth that Davos can change the world
By Thalif Deen UN, Jan 29 2018 (IPS) – When the World Economic Forum (WEF) concluded in Davos, Switzerland last week, the outcome of the annual talk-fest was seemingly predictable—plenty of unrestrained platitudes but, surprisingly, less of the American populist,…
E-commerce key to modern farming in China
The 19th National Congress of the Communist Party of the People’s Republic of China (PRC), held in October 2017, called for implementing the national strategy of revitalizing rural villages and townships. So-called “internet plus agriculture” was identified as an important…
Tokyo stocks open lower after Wall Street falls
Tokyo stocks opened lower on Tuesday, with investor sentiment weighed down by a strong yen and a retreat from records on Wall Street.
Solar home prog in BD suffers for lack of coordination
Sadrul Hasan, UNB Staff Writer Dhaka, Jan 30 – Lack of coordination among government entities in rural electrification has put state-owned Infrastructure Development Company Ltd (IDCO) and its partner organisations (POs) into a great trouble as their investment of about…
Bangladesh bank talks tough against loan defaulters
Central bank has sounded tough against perennial loan defaulters.“Legal actions will be taken against those borrowers without any bias if they again become defaulters,” – was the response of Bangladesh Bank governor when journalists asked him on Monday about the…