Dhaka, Jan 11– Defending its chairperson’s comment that Padma Bridge is being constructed with patchworks, BNP now demanded an international probe into the bridge project bringing the allegation of huge corruption in it.
Category: Economy
Bangabandhu Square to be established in Rajshahi
Rajshahi, 11 Jan – Under a project worth Taka 59 Crore 28 lakh a ‘Bangabandhu Square’ is going to be established at the Talaimari intersection of Rajshahi by the Rajshahi Development Authority (RDA) in soon.
Hasina for People’s participation in development projects
Prime Minister Sheikh Hasina today urged all concerned to create awareness among the people about the projects and programmes under taken by the government for their welfare and also encourage them to participate in the implementation process. “Participation and cooperation…
Bitcoin is not the currency of the future
There seems to be no end in sight for the Bitcoin bubble. This comes close to the great bubble developments that we have known in history, including the tulip bulb bubble in sixteenth century Holland, the South Sea bubble in…
Sweden warns against cutting US aid to Palestinians
‘It’s vindictive of US to deprive UN of money to feed, educate Palestinian children in order to blackmail PA’ Sweden, a big donor country that has recognized Palestine as a state, warned Tuesday that any US decision to withdraw funds…
Inequality in Europe
“Inequality is the defining issue of our time”. This is what then US President Barack Obama said about inequality at the end of 2013. Almost half a decade later we unfortunately have to conclude that it still is one of…
Dhaka needs to engage Delhi, Beijing on trade-investment
Dhaka, Jan 10 – Bangladesh needs to proactively engage the two economic powers – India and China – on trade and investment, said a leading economist on Wednesday.
World Bank forecasts 7.6 percent growth this year
The World Bank (WB) in a report today upgraded its forecast for the Bangladesh economy, attributing the progress to the supportive fiscal policy, stable political situation and effective development initiatives. The WB in its Global Economic Prospects, released in Washington,…
AFTA has worked for US oil industry: executive
The US oil industry has benefitted from the free trade pact with Canada and Mexico, and an industry representative on Tuesday urged the Trump administration to keep the deal intact.
Clean energy sources manage to cut electricity bill in Chile
By Orlando Milesi Santiago, Jan 9 (IPS) – A 75 percent drop in electricity rates, thanks to a quadrupled clean generation capacity, is one of the legacies to be left in Chile by the administration of Michelle Bachelet, who steps…
How low-income Bangladeshis use loans
By Stuart Rutherford Washington DC, Jan 8 (IPS) – Bangladeshis have a long tradition of borrowing from family, neighbors and other informal sources. Microfinance institutions (MFIs) have proliferated over the past three decades and offer a more formal loan service…
To resist robots invest in people
The rise of robots is inevitable, but the associated grim predictions around job losses aren’t. Asian Development Bank vice president Stephen Groff explains how countries can prepare for the Fourth Industrial Revolution. By Stephen Groff A knitting factory in Bangladesh…
Eurozone unemployment falls to 9-year low as recovery strengthens
Europe’s economic recovery is deepening, data showed on Tuesday, with eurozone unemployment falling to its lowest level since January 2009.
Asian markets mostly up at start of week but Hong Kong struggles
Most Asian markets rose on Monday following yet more records on Wall Street but Hong Kong turned lower after nine days of gains.
UAE to distribute 70pc of VAT revenue to local governments
The UAE is set to distribute 70 per cent of value added tax revenues to local governments, the country’s prime minister has announced. Sheikh Mohammed Bin Rashid Al Maktoum, who is also the vice president of the UAE and ruler…
Product Dev Competition finale at JU Monday
Savar, Dhaka 07 Jan – ‘Battle Royal, the final round of PRODEX 2017 –the product development competition—will be held on Jahangirnagar University (JU) campus on Monday.
Mustafa Jabbar says assigned to salvage sinking telecom secgtor
Mentioning that the Prime Minister has assigned him to salvage the ‘sinking telecom sector’, newly appointed Posts, Telecommunications and Information Technology Minister Mustafa Jabbar on Saturday expressed the hope that he will succeed in the job using his vast experience.
Entrepreneurship promotion needed for economic uplift
Business leaders at a discussion here mentioned more thrust is needed for promotion of entrepreneurship particularly women through small and medium enterprises (SME) financing to accelerate the economy in the region. Narrating the enormous significance of more development of entrepreneurship…
11 Saudi princes arrested for holding anti-austerity protest
Dhaka, Jan 7 – Saudi authorities have arrested 11 princes for holding a protest at a royal palace in the capital Riyadh. The group were angered by the government’s decision to stop paying the water and energy bills of royals.…
US freezes payment to UN agency for Palestinian refugees
By Max Greenwood The Trump administration is reportedly freezing $125 million in funding to the United Nations (U.N.) agency charged with assisting Palestinian refugees amid frustrations over a lack of progress on a peace deal between the Palestinians and Israelis.
Non-MPO teachers withdraw hunger strike on PM’s assurance
Dhaka, 05 Jan – The teachers and employees of the non-government educational institutions that are out of the Monthly Payment Order (MPO) facilities yesterday fwithdrew their hunger strike after obtaining assurance from Prime Minister Sheikh Hasina.
Oman’s expat population to fall 10pc by 2040
The percentage of expats making up Oman’s population is expected to fall dramatically by 2040, as Omanisation plans take effect. Government analysts suggest that the number of foreigners living in the sultanate will fall by 10 per cent within 22…
UAE consumers to pay 25pc more for some products
The introduction of value added tax on January 1 could mean UAE consumers pay 25 per cent more for some cheaper products, according to reports. The National cited the Department of Economic Development – Abu Dhabi as confirming that shops…
Pre-2018 leases exempt from VAT, says Saudi tax authority
Saudi Arabia’s General Authority for Zakat and Tax (GAZT) has announced that all lease contracts that were concluded before January 1 are exempt from VAT. The announcement affects assets that were delivered under leasing or rental deals last year including…
Remittance inflow rises 4.5 times in 10yr
The flow of remittances into the country has increased 4.50 times in the last 10 years which can be viewed as a milestone in way of upgrading Bangladesh a developed country. According to the Bangladesh Bank (BB) data, expatriate Bangladeshis…
Seven bkash agents held for alleged illegal transaction
Dhaka, 03 Jan – The Crime Investigation department (CID) arrested seven bkash Agent for allegation of illegal transactions. CID said seven agents of bkash were arrested on Wednesday in several districts of the country. Eight money laundering cases were filed…
BD Bureau of Statistics blamed for lack of consistency
Dhaka, 04 Jan – Experts on Thursday expressed concerned over the data of the Bangladesh bureau of statistic (BBS) as there is lack of consistency.
Hasina commits to banalced dev, opens flood control – drainage project
Prime Minister Sheikh Hasina on Thursday said the ultimate goal of the government is to ensure the overall balanced development of the country to change the fate of its people. “Our utmost goal is to ensure overall development of the…
Improving quality of SME products suggested
Industries Secretary Muhammad Abdullah suggested for improving quality of the small and medium industries products with a view to reach the target of medium income country before 2021.
Billionaires, fiscal paradise, world’s debt, and victims
By Roberto Savio Rome, Jan 2 (IPS) – Among Bloomberg’s many profitable activities is a convenient Bloomberg Billionaires Index that has just published its findings for 2017. It covers only the 500 richest people, and it proudly announces that they…