Asian markets on Monday built on last week’s gains following another record on Wall Street, while the euro edged up on news that French President Emmanuel Macron’s party had secured a healthy majority in National Assembly elections. The Dow in…
Category: Economy
Change in Excise Duty on Bank Accounts on cards: Muhith
Dhaka – Finance Minister AMA Muhith today said the decision on the proposed excise duty on the bank deposits will be changed when the budget will be passed in the Jatiya Sangsad.
China ‘backyard’ pig farmers squeezed as sector scales up
Walking through swarms of flies at his piggry on the outskirts of Beijing, Liu Jin shows off 1,500 hormone-free black hogs raised for China’s growing organic meat market. Liu employs a dozen people to look after the swine that are…
Bangladesh needs global support to tacle climate change
DHAKA, June 17, 2017 (BSS) – Coastal Association for Social Transformation Trust (COAST) Bangladesh, at UNHCR annual dialogues in Geneva, Switzerland, yesterday sought global assistance for the country to cope with the climate change impacts. “Bangladesh needs huge international assistance…
Boeing, Airbus take dogfight to Paris Air Show
The aircraft industry descends on Paris Monday for the world’s biggest airshow, a prime battleground for bitter rivals Boeing and Airbus, but also a chance for new kids on the block to snap at the heels of the two giants.…
Migrant workers pour trillions into world economy
By Roshni Majumdar UN, Jun 15 (IPS) – A new report by the International Fund for Agricultural Development (IFAD) says the flow of money from migrants—commonly located in developed countries—to their families in lower income countries has doubled over the…
Rerum rerum sit ut neque corporis dolorem
Amet eius officiis autem autem impedit at sit. Quae laudantium totam aut voluptatem. Et dolores provident omnis consequatur veritatis vel numquam. Fugiat amet sit rerum consequuntur officiis error itaque voluptatum. Consectetur rerum esse iure vitae aut. Porro odio sed numquam…
Understanding today’s stagnation
Ever since the ‘Great Recession’ of 2007-2009, the world’s major central banks have kept short-term interest rates at near-zero levels. In the United States, even after the Federal Reserve’s recent increases, short-term rates remain below 1%, and long-term interest rates…
Digitization can improve financial inclusion
By Mike Warmington Kakamega, Kenya, Jun 14 2017 (IPS) – Mathew Khaemba, a smallholder farmer in western Kenya, remembers a time when his children were failing in school because they were too hungry to concentrate on their lessons. In those…
Withdraw SDGs progress report: Global Coalition
By Tharanga Yakupitiyage UN, Jun 14 (IPS) – A report on the Sustainable Development Goals (SDGs) fails to capture the the true picture of water challenges and the UN must withdraw it, said a global civil society coalition.
Asian stocks up as investors shrug off tech rout, eye Fed
Seoul – Asian stock markets were higher on Tuesday as investors brushed off a second straight session of big losses on Wall Street tech stocks a day before the Federal Reserve is expected to raise interest rates. –AP/UNB
When women have land rights, the tide begins to turn
By Manipadma Jena New Delhi, June 12 (IPS) – In Meghalaya, India’s northeastern biodiversity hotspot, all three major tribes are matrilineal. Children take the mother’s family name, while daughters inherit the family lands.
Understanding what digital revolution means
The digital revolution, used here as shorthand for broader technological change, is one of today’s most hotly debated topics in politics, economics and business. It makes politicians wary about which preparatory policies to pursue, economists ponder productivity increases and trade…
People rejected budget, says Ershad
Rangpur – Jatiya Party Chairman HM Ershad on Monday said people have rejected the proposed budget for the fiscal year 2017-18 as a huge tax burden was imposed on them. -UNB
Expo focusing South Asia kicks off in Kunming
The annual flagship event for the South and Southeast Asian nations to promote regional trade and investment kicked off in Kunming today. The 2017 South and Southeast Asia Commodity Expo and Investment Fair (SSACEIF) will be held from June 12…
Sanctions will not harm Qatar’s economy: Ali Sherif al-Emadi
Qatar can easily defend its economy and currency against sanctions by other Arab states, Qatari finance minister Ali Sherif al-Emadi told CNBC television in an interview broadcast on Monday. He said that the countries which had imposed sanctions on Qatar…
BD offers revenue customer services through digital centres
Dhaka – The Access to Information (a2i) Programme under Prime Minister’s Office and National Board of Revenue (NBR) signed a memorandum of understanding (MoU) at the Prime Minister’s Office on Sunday 11 June to deliver revenue services to citizens through…
Dhaka Shahjalal Airport to have third terminal
The Civil Aviation Authority of Bangladesh (CAAB) will build the third terminal of Hazrat Shahjalal International Airport (HSIA) at a cost of Taka 13,610 crore. After the completion of the terminal, passenger handling capacity of the country’s major airport will…
Withdraw excise duty on bank accounts, reduce VAT: BNP
Dhaka – The BNP on Sunday demanded of the government for withdrawal of excise duty on bank accounts and reduce Value Added Tax (VAT) to a tolerable level in the proposed budget for 2017-18 fiscal year.
UNFPA seeks fund to support Cyclone Mora hit women, newborns
Bangladesh –The United Nations Population Fund (UNFPA) Bangladesh is seeking1.5 million USD to scale up emergency reproductive health services and safety for women and newborns impacted by Cyclone Mora.
New tax system to be complicated: QK Ahmad
Dhaka, June 10 – Noted economist Qazi Kholiquzzaman Ahmad on Saturday said implementation of new tax system as described in the proposed budget for tobacco sector will be complicated.
Air India making profits in NE; plans Guwahati-Bangkok flight
Air India’s operations in north- east are profitable with a market share of 17 per cent and it is now looking to expand presence in the region, including a direct Guwahati-Bangkok flight, a top official said on Friday. “Some of…
Changing the way the world views and manages water
The High Level Panel on Water and Connect4Climate announced Thursday that the winner of the Instagram Photo Competition – #All4TheGreen Photo4Climate Contest Special Blue Prize – for the best photo on water is Probal Rashid, from Bangladesh, with a photo…
Automation, job liss and the welfare state
With the capabilities of artificial intelligence quickly expanding and middle class jobs under threat of being automated, will the government need to step in to pick up the slack of a job market hollowed out by machines? Chaired by Susan…
Beijing urged to sign loan deal on Padma rail project fast
Dhaka – The government has urged China again to sign the framework and loan agreements by mid-June for funding the Padma Bridge Rail Link project to facilitate the launching of the project by the current fiscal year.-UNB
China factory gate inflation slows to 5.5% in May
For goods at the factory gate in China missed expectations in May, the government said Friday, in a possible sign of weakening demand for the world’s second-largest economy. The producer price index (PPI) rose 5.5 percent year-on-year, according to the…
What future for 700 million Arab and Asian youth?
By Baher Kamal Rome, Jun 8 (IPS) – With a combined population of around 400 million inhabitants, 22 Arab countries are home to nearly 300 million youth. Meantime, there are 400 million youth living in Asia and the Pacific. In…
ECB keeps rates unchanged at zero
The European Central Bank has decided to keep interest rates at zero, despite signs of recovery in the countries that use the euro. Growth across the eurozone in the first quarter was unexpectedly strong at 0.6 per cent, prompting speculation…
ECB to issue first hints at end to easy money: analysts
European Central Bank policymakers are expected to hint Thursday at exiting their easy-money policy and offer a sunnier economic outlook for the eurozone, although analysts forecast only inching steps in coming months. Most observers predict the bank’s 60-billion-euro ($67.4 billion)…
Black money worth Tk 13,372cr whitened since liberation: Muhith
Sangsad Bhaban – Black money worth Tk 13,372 crore have been whitened (legalised) since the country’s independence, Finance Minister Abul Maal Abdul Muhith told Parliament on Thursday. – UNB