Bangladesh Bank (BB) is mulling over filing a lawsuit against Filipino Rizal Commercial Banking Corporation (RCBC) to recover the whole heisted money from the central bank’s account with Federal Reserve Bank of New York.
Category: Economy
Europe – a world-class place to live and work?
A world-class place to live and work.’ That is how President Juncker described Europe at the summit to formally proclaim the EU Pillar of Social Rights in Gothenburg last month. And he added: ‘Europe is more than just a single…
Quality of life in EU improves: Difficulty still in making ends meet
The latest European Quality of Life Survey shows – overall, there has been progress in quality of life in the EU from 2011 to 2016, with some dimensions having recovered to the pre-crisis levels of 2007. A decrease in material…
Inequality more than matters
by Javier López Inequality is the biggest challenge of our time. It undermines social confidence and reduces support for democratic institutions. It lurks behind the new toxic relationship that western societies have established with their future and explains much of…
From global poverty to exclusion and despair
By Prof Michel Chossudovsky “The Sociology of Justice”, which is the timely theme of The Philippine Sociological Society’s 2017 National conference at UP Cebu must be understood in relation to an unfolding New World Order which destroys sovereign countries through…
BD President for upliftment of veterinary science
Dhaka, Dec 7 – Bangladesh President M Abdul Hamid on Thursday asked the university authorities to ensure the use of new and sustainable technology in the field level for socio-economic development. The President came up with the remark when a…
Tofail invites Saudi businessmen to invest in SEZ
Commerce Minister Tofail Ahmed today invited Saudi Arabian businessmen to invest in special economic zone taking the opportunity of Bangladesh’s invest friendly facilities. He made the call at a business meeting with the visiting 21-member high level business delegation of…
World food import bill set to rise this year, says FAO
Geneva (Kanaga Raja) – The cost of importing food globally is set to reach USD 1.413 trillion in 2017, representing a 6 percent or USD 86 billion rise from last year, the Food and Agriculture Organisation (FAO) of the United…
Govt-private sector-NGO collaboration urged for SDGs
Speakers at the “Citizen’s Conference on SDGs in Bangladesh” have urged the government to ensure its partnership with private sector, civil society and NGOs to implement programmes to achieve the sustainable development goals, set by the United Nations.
Is left finally walking to eurozone realities
The fact that the mainstream European left continues to believe, with some notable exceptions, that the European Monetary Union (and European Union) can be reformed in a progressive direction and transformed into a fully-fledged supranational democracy remains one of the…
Honoring soil scientists on World Soil Day
13 soil scientists to watch Danielle Nierenberg Soil performs a variety of vital functions, including supporting plant and animal life and filtering contaminants from water and the air. The U.N. Food and Agriculture Organization (FAO) asserts that “soils need to…
Khaleda gets bail, finishes self-defence in graft case
Dhaka Dec, 5 – After securing bail from the lower court in two graft cases, BNP chairperson Khaleda Zia on Tuesday concluded her self-defence statements in Zia Orphanage Trust graft case.
Kamal expects record ADP implementation in FY18
Planning Minister AHM Muftafa Kamal yesterday expected a record implementation of Annual Development Programme (ADP) in fiscal year 2017-18 if the economic activities are not affected by any natural disaster. “The Tk 1, 64,085 ADP will absolutely be implemented .…
Unicef tackling ‘disconnect’ with evidence tool
Unicef has been testing an evidence-mapping tool to bridge a “big disconnect” between its activities and the evidence behind them, according to Kerry Albright, chief of Research Facilitation and Knowledge Management at the UN agency’s Office of Research-Innocenti.
Four candidates battle for top eurozone job
Four countries have put forward candidates to succeed former Dutch finance minister Jeroen Dijssebloem as head of the Eurogroup, the meeting of finance ministers from the 19 countries that use the single currency. Here is a list of the contenders:…
One-third of $434m fund for Rohingyas raised so far
Dhaka, Dec 4 – Only 34 percent of the $434 million needed to provide assistance to 1.2 million people, including host communities in Cox’s Bazar district, has been raised when Rohingyas are still suffering from various problems, says a new…
BD minister tells of new IRRI rice having 50pc higher yield
International Rice Research Institute (IRRI) has briefed Bangladesh’s Agriculture Minister Matia Chowdhury about progress of a new rice type, which once released would revolutionize the world’s overall cereal production.
Dhaka stocks witness mixed trading
-Stocks at the country’s prime bourse-Dhaka Stock Exchange (DSE)-opened the week today a mixed as its broader index witnessed a marginal fall on lower transactions.
Greece reaches preliminary agreement with creditors
Greece said Saturday it had reached a preliminary agreement with international creditors that it was meeting its commitments to unblock the latest tranche of a third bailout programme. “We achieved the agreement with the institutions, at a staff level, on…
UK social mobility board quits over lack of progress
All four members of the board of the government’s Social Mobility Commission have stood down in protest at the lack of progress towards a “fairer Britain”. Ex-Labour minister Alan Milburn, who chairs the commission, said he had “little hope” the…
Gold futures rise as political concerns roil U.S. dollar
Gold futures on the COMEX division of the New York Mercantile Exchange rose on Friday, as the U.S. dollar weakened and equities dropped in the wake of news that former national security adviser Michael Flynn pleaded guilty to lying to…
Climate finance: Waiting for the first EU $ from committed 100b
Listening to Europe speak in Bonn, Germany during the recent conference on how to implement the Paris Agreement on climate change, it is possible to be get carried away thinking, nay believing, that the global response is well underway. But…
Spontaneous income tax payment strengthens economy
Government officials at a pre-rally discussion here on Thursday called upon eligible citizen to spontaneously pay income tax for strengthening national economy. Rangpur Zonal Tax Commissioner’s Office organised the rally in observance of the National Income Tax Day-2017 to raise…
S. Korea raises interest rate for first time in six years
South Korea on Thursday lifted interest rates for the first time in more than six years, citing a strong economic recovery, and possibly leading the way for similar actions from other Asian central banks. The hike comes on the back…
Farmers adopt high yielding variety in mash-kalai farming
Farmers have been adopting a high yielding variety in mash-kalai (black gram) farming on their fallow lands in vast char (riverbed) areas of Rajshahi and Chapinawabganj districts for the last couple of years. Department of Agriculture Extension (DAE) officials here…
‘Illegal mobile banking transactions create risks’
Former Bangladesh Bank Deputy Governor Ibrahim Khaled agrees with former Governor Mohammed Farashuddin’s view that mobile banking is giving rise to corruption, bdnews24.com reported on Monday.
UK ministers to launch post-Brexit economy plan
The government’s plan to boost UK industry ahead of the country leaving the EU is due to be launched later. The industrial strategy is aimed at lifting growth, which official forecasts suggest will slow due to the UK’s poor productivity…
IFAD looks at impact of dev projects on life in rural BD
Rome, 26 Nov – A delegation of member state representatives from the International Fund for Agricultural Development (IFAD) begins a five-day working trip to Bangladesh today, with planned visits to IFAD-funded projects designed to increase incomes and improve living conditions…
Bitcoin, an ‘Uber’ currency, not without risk
Bitcoin, which this week soared to a new record high of more than $8,000, is the monetary equivalent of Uber, since it bypasses central bank regulation and could be attractive for financially fragile countries, economists say. Nevertheless, it is precisely…
Gas exporters call for ‘fair price’ at Bolivia summit
Gas exporting countries, grappling with collapsed global markets, on Friday called for a “fair price” for the commodity after a summit in Bolivia. The Gas Exporting Countries Forum seeks a “fair price for natural gas,” taking into account its environmental…