Asian equities headed back into the red Thursday afternoon, wiping out a nascent recovery in the morning as spiralling tensions over North Korea lingered for a second day. Markets had taken heart from reassuring words from the US Secretary of…
Category: Economy
ABD approves $200m as urban infrastructure loan for BD
The Asian Development Bank (ADB) will offer the Government of Bangladesh a loan of USD 200 million to strengthen urban infrastructure, service delivery and governance in municipalities. “The country’s pour Asha vas still need significant investment to not only improve…
Toshiba shares jump as delisting fears ease
Toshiba shares jumped Wednesday on expectations it will meet a deadline to submit long-delayed earnings to financial regulators, easing fears the troubled conglomerate’s stock will be yanked from the Tokyo Stock Exchange. The stock soared more than nine percent in…
Indonesia to barter palm oil, coffee for Russian fighter jets
Indonesia said Tuesday it would trade palm oil, coffee and tea for Russian fighter jets, saying it wanted to capitalise on international sanctions on Moscow as Foreign Minister Sergei Lavrov was due to arrive for a visit. Indonesia and Russia…
Stocks maintain upward trend with higher transactions
Stocks maintained upward trend on Monday as the major indices of both Dhaka and Chittagong Stock exchanges were found upward on higher transactions. The daily turnover in volume increased to 43.81 crore shares from Sunday’s 35.09 crore shares and the…
DSE index crosses 5900 points
The major price index of the Dhaka Stock Exchange (DSE) crossed 5,900 points mark today for the first time on higher activities of some large-cap securities. DSEX finished the session with 27.18 points up at 5907.63 which was the highest…
6.5 lakh inhabitants to get safe water in Ctg
World Bank (WB) will provide additional US$ 47.50 million financing to continue construction of new water infrastructure in Chittagong and provide access to safe water to around 6.5 lakh inhabitants in the city. The government and WB today signed a…
India, AIIB sign 329 mln USD loan agreement for western Gujarat’s rural roads
India signed a loan agreement with Asian Infrastructure Investment Bank (AIIB) for providing loan of 329 million U.S. dollars to improve rural road connectivity in western state of Gujarat, officials said Saturday. “The loan and project agreements for AIIB lending…
DSE, CSE have green week
Dhaka, Aug 4 – Share price index at the country’s both bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange – had a week in green on Thursday though last two trading days saw negative movement. The total turnover…
Youth are at forefront of the digital economy, says ITU
Geneva, 3 Aug (Kanaga Raja) – Some 830 million young people, representing more than 80 per cent of the youth population (aged 15-24 years), are online in 104 countries, according to new data released by the International Telecommunication Union (ITU).
Value of water is on the rise
By Rafiqul Islam Dhaka (IPS) – In the wake of recent water-related disasters in Bangladesh, including water-logging and floods that displaced thousands of families, a high-level consultation in the capital Dhaka on valuing water will look at ways to optimize…
Relief secretary among 140 sued in Haor Graft Case
A case has been filed against 140 people, including Relief and Disaster Management secretary Shah Kamal, for their alleged involvement ‘irregularities’ in implementing haor embankment projects in the district making.Abdul Haque, the general secretary of Sunamganj district bar association, filed…
Tesla fending off worker complaints on pay, safety
Tesla said Wednesday that demand for its electric cars was speeding along and revenue rising, as the upstart automaker strived to rev production while keeping workers happy. Money taken in by Tesla’s automotive unit leapt to $2.3 billion in the…
Global stocks rise as Dow ends at another record
Global stocks rose Tuesday, with the Dow finishing at its fifth straight record, following a round of generally solid economic data and earnings. Analysts attributed the gains to strong international economic data, including reports showing eurozone growth accelerated slightly in…
Gender pay gap in Europe
by Alexandra Scheele Though the two principles “equal pay for equal work” and “equal pay for work of equal value” have been legally fixed with the European Treaty of Rome 1957 as well as with the subsequent Equal Pay Directive…
Riyadh to build luxury beach resorts on Red Sea
Saudi Arabia has launched a massive tourism development project that will turn 50 islands and other sites on the Red Sea into luxury resorts. It hopes to attract both foreign tourists and domestic visitors as part of efforts to diversify…
China seeks to export its green finance model to the world
Hand in hand with UN Environment and the Inter-American Development Bank (IDB), the People’s Bank of China (PBoC) disembarked in the Argentine capital to prompt this country to adopt and promote the agenda of so-called green finance, which supports clean…
Stocks maintain upward trend with higher transactions
Stocks maintained upward trend on Tuesday as major indices of both Dhaka and Chittagong stock exchanges were found finishing upward with higher transactions of some large-cap securities. The rising major sectors were bank, food and allied and textile. A total…
BD central bank chief warns against default culture
Bangladesh Bank Governor Fazle Kabir has warned the bankers against the bad impact of the ‘corporate default culture’ in the banking sector.“Bankers have to be very cautious about the corporate default culture in the banking sector,” he said while unveiling…
BNP’s audit report to EC shows Taka 14 lakh deposit
BNP on Monday submitted its annual financial statement to the Election Commission (EC) for the 2016 calendar year, showing a fund of Tk 14, 04,878 in reserve.BNP senior joint secretary general Ruhul Kabir Rizvi handed over the financial report to…
Economic rebound bypasses Spain’s poorest neighbourhood
Elvira Montadas pushes her neighbour in a wheelchair along a badly paved sidewalk, past crumbling buildings, in return for some pocket change. This is one of the odd jobs allowing her to survive in Spain’s poorest neighbourhood—Los Pajaritos in Seville,…
Global stocks hit skids as corporate results disappoint
World stock markets fell Friday as a rash of disappointing company results triggered profit-taking ahead of the weekend, although the Dow managed to hold on for its third straight record close. Wall Street recovered from early losses, but still felt…
‘The time is now’ to invest in youth, girls
By Tharanga Yakupitiyage UN, Jul 28 (IPS) – The demographic dividend: though not a new concept, it is one of the major buzzwords at the UN this year. But what does it really mean? There are 1.8 billion young people…
Can economic growth be really green?
By IPS World Desk Rome/Seoul, Jul 27, (IPS) – The answer to this big question is apparently “yes” – Economic growth can be really green. How? The facts are there. For instance, in 2016, solar power became the cheapest form…
Stocks witness gain in two BD bourses
Both the bourses –- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) — witnessed positive trends on Wednesday, the fourth trading session of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), went up by 8.71 points…
BB’s monetary policy to help boost employment
Dhaka – The Bangladesh Bank has unveiled its monetary policy aiming to create more employment opportunities by boosting investment, particularly in productive sectors.
Asian markets track Wall St records as energy firms rally
Asian markets mostly rose on Wednesday, led by energy giants on the back of rising commodity prices, while traders were also buoyed by strong earnings and positive economic data that saw Wall Street rack up fresh records. Improving demand and…
No good choices for UK in the Brexit negotiations
by Brendan Donnelly David Davis has been criticised in some quarters for spending only two hours in Brussels this week negotiating with Michel Barnier before returning hurriedly to London. This criticism is misplaced. As Secretary of State for Exiting the…
Let people enjoy benefits of development: PM Hasina
Stressing the importance of stamping out corruption from the country, Prime Minister Sheikh Hasina on Tuesday laid out a 23-point guideline for the Divisional Commissioners and Deputy Commissioners (DCs) to ensure people’s welfare and directed them to be more active…
How 137 million people’s lives in Asia are at flood risk
Khorsheeda Khatun had been left with nothing — then that too was washed away. The 28-year-old fled her home country of Myanmar in January with her two daughters, escaping the latest outbreak of violence, and was living in the Kutupalang…