Prime Minister Sheikh Hasina today said it’s really a challenge for the BNP to regain the public confidence what it lost over the years. BNP has floated the ‘Vision-2030’ of BNP aimed at regaining the public confidence, she said in…
Category: Economy
Commercial freshwater prawn farming gains popularity in Rajshahi
Commercial farming of freshwater prawn has been gaining popularity in the region by dint of lucrative market price and gradually rising consumers’ demands. District Fisheries Officer Subhash Chandra Saha here told BSS that commercial farming of prawn is being expanded…
OECD predicts fastest global growth in six years
The OECD has predicted the global economy is set to grow 3.5% this year, its best performance since 2011, with growth nudging up to 3.6% in 2018. It is a slight improvement on the think tank’s 3.3% estimate, which it…
Santander rescues rival Banco Popular from collapse
Spanish bank Banco Popular has been rescued from the brink of collapse by larger rival Santander for one euro. Buying Banco Popular will cost Santander 7bn euros (£6.1bn) – around 2bn euros more than analysts had expected. Banco Popular was…
Directives given to make eid journeys safe: PM
Sangsad Bhaban – Prime Minister Sheikh Hasina on Wednesday told Parliament that the government has issued a 29-point directive to make people’s journeys on highways during Ramadan and Eid-ul-Fitr safe and comfortable. UNB news agency reported
Pol forsight, accountability must for budget
Political foresight and strong accountability measures are key for effectively implementing and monitoring the National Budget FY2017-18. The proposed budgetary measures had not been adequately debated in the Parliament. The Parliamentary standing committees and local government also needed to play…
Share of aid allocated to education falls for the sixth year
Paris, 6 June—The amount of aid allocated to education has been falling for six years in a row, shows a new policy paper, Aid to Education is Stagnating and Not Going to Countries Most in Need, published by UNESCO’s Global…
US pullout from Paris deal: What it means
By withdrawing the United States from the Paris Agreement, President Donald Trump abdicated not only leadership but membership of the community of nations cooperating to tackle climate change, the most serious crisis facing humanity. Trump’s announcement was shocking, even though…
Saving the oceans is saving future
The oceans’ health is only getting worse and the cycle of decline must be reversed, said representatives at the opening of a high-level UN conference. Approximately 5,000 representatives from governments, civil society, and the private sector from around the world…
Large cap securities drive share markets up further
Considerable gain in large cap securities drove the share markets further up on Tuesday when all market indicators finished higher with rising transactions. The rising major sectors were textile, insurance and financial institutions. A total of 151 large-cap securities moved…
Ecnec okays Tk 160 cr project to enhance waste management capacity
Dhaka – The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved ‘Procurement of Equipment for Solid Waste Management’ project with Tk 160.12 crore, aiming to enhance waste management capacity in Dhaka North, Dhaka South and Chittagong City…
BD has trade deficit with 71 countries: Tofail
Dhaka, Jun 5 – Noting that Bangladesh has trade relations with 198 countries across the world, Commerce Minister Tofail Ahmed on Monday told Parliament that Bangladesh has experienced trade deficit with 71 countries in the outgoing fiscal year – 2016-17.
Excise duty on bank accounts to impact negatively: TIB
Dhaka, Jun 5 – The additional excise duty imposed on bank accounts in the proposed budget will increase the influence of bank money in the country’s economy and it will act as a tool to protect loan defaulters, said Executive…
Brisk mango business in Rajshahi and Chapainawabganj
Mango trading has gained momentum with appearance of several varieties of mango in the markets of Rajshahi and Chapainawabganj districts, which are famous for the delicious fruit. Besides the market, haat and other growth centre ones, the mango-based trade and…
People are in a fix over imposition of excise duty!
We know from a report that there are 16 thousand 98 crore taka shortage of Bank capital of 6 state banks and one private bank and to meet up this shortage 2 thousand crore taka has been proposed in the…
Concerns about some tax proposals will be adressed: PM
Amid concerns of the business community and the common people about some provisions of tax, and VAT and excise duty on the proposed budget for fiscal year (2017-18), Prime Minister Sheikh Hasina on Sunday said her government will look into…
New five Taka note to be issued on Monday
A new currency note denominating taka five will be issued from Bangladesh Bank’s head office on Monday next. The new note signed by Senior Finance Secretary Hedayetullah Al Mamoon will subsequently be available in other offices of the central bank,…
Concerns about some tax provisions to be addressed: PM
Dhaka – Amid concerns of the business community and the common people about some provisions of tax, and VAT and excise duty on the proposed budget for fiscal year (2017-18), Prime Minister Sheikh Hasina on Sunday said her government will…
Body formed for ground handling rules
Dhaka – The government has formed an eight-member committee for ground handling regulations for all airports in the country. The committee, constituted with Additional Secretary to the Ministry of Civil Aviation and Tourism Ziaul Haque as its convener, has been…
Chinese premier’s visit to push forward China-Germany economic, trade cooperation
Chinese Premier Li Keqiang’s visit to Germany will push forward bilateral economic and trade cooperation, said commercial counselor of the Chinese Embassy in Germany. “Economic and trade cooperation has always been the ballast of China-Germany relations. Premier Li’s visit to…
Stop insuring climate disaster
Bill McKibben Ripton, Vermont – Last month, the United Kingdom enjoyed its first full day without the need for coal power since the Industrial Revolution began. That’s remarkable news – and a sign of the future to come as the…
Award encourages Dubai cos protect, promote workers’ rights
Dubai – More than 9,854 factories and 282 companies operating in the construction sector are expected to participate in the second edition of the Taqdeer Award programme, officials said on Wednesday. The award is given annually to firms who implement…
A sustainable economy for the Arab World
Mahmoud Mohieldin Washington, DC – In recent decades, millions of people in the Arab world have been lifted out of extreme poverty. But progress is now at risk of slowing, or even reversing, owing to a vicious circle of economic…
Duty on bank deposits to encourage capital flight: Business
The budget proposal to hike excise duty on bank account balance may encourage capital flight, the country’s apex trade body has said in a statement. The FY2018 budget proposes to increase excise duty to Tk 800 from Tk 500 on…
It’s a cruel budget to suck people’s blood: Khaleda
BNP Chairperson Khaleda Zia on Saturday described the proposed national budget for FY 2017-18 as a ‘cruel one’, saying the government has formulated it to suck people’s last drop of blood. “A cruel budget is a final attempt by the…
Technology is making the world more unequal
Here’s the bad news: technology – specifically, surveillance technology – makes it easier to police disaffected populations, and that gives badly run, corrupt states enough stability to get themselves into real trouble. Here’s the good news: technology – specifically, networked…
Foreign investors chamber for changes budget
Dhaka, Jun 2 – The Foreign Investors’ Chamber of Commerce and Industry (FICCI) on Friday expressed its concern over a number of proposals made in the new budget and demanded addressing their concerns with necessary amendments.
Budget to fuel production cost, inflation: CPD
Dhaka, Jun 2 – Centre for Policy Dialogue (CPD) on Friday feared a hike in production cost and consumer expenditure, and a rise in inflation in the coming fiscal year due to the proposed overall tax structure hurting the overall…
Budget ambitious but won’t hike prices: Muhith
Dhaka, Jun 2 – Claiming that the whole of the proposed budget is ‘bright’ and there is no weakness, Finance Minister AMA Muhith on Friday ruled out the possibility of cancelling the decision of imposing excise duty on bank accounts.
Budget aimed at making political gain: BNP
Dhaka, June 1 – BNP secretary general Mirza Fakhrul Islam Alamgir on Thursday said the national budget for the 2017-18 fiscal year will not be helpful for public welfare as the government has formulated it to make its ‘political gain’…