By Jomo Kwame Sundaram Kuala Lumpur, Jun (IPS) – The World Bank and other influential international financial institutions and development agencies have been touting Southeast Asian (SEA) newly industrializing countries as models for emulation, especially by African developing countries seeking…
Dhaka, June 29 – Parliament on Thursday passed the Tk4,00,226crore national budget for FY 2017-18with a growth target of 7.4 percent, expecting to open up a new horizon for Bangladesh through some initiatives ahead of the next general election.
Chinese e-commerce giant Alibaba said Wednesday it would inject another $1 billion into Southeast Asia’s Lazada, as the cashed-up company increases its stake in the region’s nascent online shopping market. The investment will raise Alibaba’s holding in Lazada to 83…
Sangsad Bhaban – The Finance Bill 2017 was passed in Parliament on Wednesday with some major changes to the VAT Law and excise duty on bank accounts. -UNB
Dhaka, June 28 – Stocks maintained an upward trend on both bourses as trading resumed Wednesday after five days of Eid vacation.
Dhaka, Jun 28 – Prime Minister Sheikh Hasina on Wednesday said manipulation by dishonest traders is perhaps the reason behind its sudden price hike.
Dhaka, Jun 28 – The Finance Bill 2017 was passed in Parliamenton Wednesday with some major changes to the VAT Law and excise duty on bank accounts.
Dhaka, June 27 – BNP on Tuesday termed ‘hollow’ Prime Minister Sheikh Hasina’s remarks that the country is marching towards progress and that it regained its lost dignity.
Rome, 26 June – The International Fund for Agricultural Development and Government of Sri Lanka signed a financing agreement today that will help 57,500 poor rural households in Sri Lanka increase their incomes and food security by expanding livelihood and…
by Quanda Zhang A small boost in microlending to the developing world could lift more than 10.5 million people out of extreme poverty. That’s one conclusion of my study, published last month in The B.E. Journal of Macroeconomics, which found…
by Gustav Horn There’s no end to the criticism of the excessive German current account surplus. Quite rightly, people suggest that this imbalance has the potential either to unleash violent currency fluctuations on a global scale or to generate a…
Dhaka, Jun 23 – Dhaka city is more expensive than Washington, capital of the United States in terms of cost of living for expatriates, according to Mercer’s 2017 Cost of Living Survey.
Dhaka, Jun 23 – Prime Minister Sheikh Hasina on Friday urged people to give their verdict in favour of Awami League in the coming elections to maintain the pace of development defying all conspiracies and evil designs.
by Jordi Angusto As in any other religion, faith lies behind capitalism. Faith that capital is a panacea always and in any situation: to push economic growth or to help less developed countries to catch up. Yet the fact is…
BNP on Thursday alleged that the government is staging a drama over the new national budget in a bid to brighten Prime Minister Sheikh Hasina’s image. “The Prime Minister has asked (Muhith) to postpone the controversial new VAT law. The…
The Embassy of the Kingdom of the Netherlands announced it will contribute 14.8 million euros for the second phase of Solidaridad’s Sustainable Agriculture, Food Security and Linkages (SaFaL) programme for the period 2017-2021. This programme supports more than 100,000 smallholder…
By IPS World Desk Rome/Bangkok, Jun 20 (IPS) – Rice is a major food commodity and staple food for many, and adding fish to flooded rice paddies has been a farming tradition practiced in a number of Asian countries for…
Paris, 21 June—A new UNESCO policy paper shows that the global poverty rate could be more than halved if all adults completed secondary school. Yet, new data from the UNESCO Institute for Statistics (UIS) show persistently high out-of-school rates in…
Dhaka – The 70km Chittagong-Rangamati road link has been restored yesterday by connecting it a Sapchhari point, after nine days after the devastating landslides in Chittagong and the three hill districts of south-eastern Bangladesh. With assistance from the Engineering Corps…
The Hague – Leaders of the Netherlands, Belgium and Luxembourg are due to meet with counterparts and senior officials from Baltic and Nordic nations for talks ahead of a European Union summit and two days after formal negotiations on Britain’s…
Dhaka – Parliamentarian Caucus on Migration and Development Chairman M Israfil Alam on Wednesday said thousands of Bangladeshi workers have been faffing around on the streets in Bahrain without jobs as they were sent there without any demand. -UNB
Dhaka – State Minister for Power and Energy Nasrul Hamid has urged the country`s banks and financial institutions to invest in the government`s ‘fast track projects’, presumably by borrowing –UNB news agency reported
Tokyo stocks opened lower on Wednesday after three days of gains, tracking Wall Street’s losses and as oil prices dropped. Leading US indices retreated from record highs on Tuesday, with weakness in petroleum-linked shares, airlines and media companies weighing on…
Dhaka – A legal notice was yesterday sent to the government requesting cancellation of all excise duties on bank accounts within 72 hours.
Finance Minister Abul Maal Abdul Muhith here today said the GDP growth would be made 7.24 percent for outgoing fiscal 2016-2017. “The aim of the GDP growth has been fixed at 7.04 percent for the fiscal 2017-2018,” the minister said…
Six mobile phone operators of the country has paid Tk 855.01 crore as revenue in the 2016-17 fiscal. Tarana Halim, State Minister for Post and Telecommunications, came up with the information while replying to a tabled starred question from Sukumar…
Commerce Minister Tofail Ahmed said the government has decided to slash import duty on rice by 18 percent to ensure smooth supply and check price. “Now, rice will be imported paying only 10 percent import duty,” said the minister at…
by Bo Rothstein There is something very strange going on in the current debate on refugee immigration. There is a lot of alarmist talk about youth gang criminality, problems related to labor market integration, falling results in school, honor-related violence…
Oil giant Chevron prevailed Monday in a long-running legal battle over pollution in Ecuador, with the US Supreme Court blocking villagers from collecting a $8.65-billion foreign judgment against the company. The court declined to hear an appeal against lower-court decisions…
Brexit Secretary David Davis has said he is entering negotiations on the UK’s exit from the EU in a “positive and constructive” frame of mind. As he began talks in Brussels, he said he was determined to build a “strong…