Desperately needed airports and trains are part of Philippine President Rodrigo Duterte’s envisioned “golden age of infrastructure”, but graft, red tape and other perennial problems threaten the $170-billion plan. Unprecedented influxes of money from China and Japan are key planks…
The year 2015 was highly significant in relation to global convergence on ways forward towards achieving sustainable development at local, national, regional, and global levels. Global leaders reached four groundbreaking agreements that year, the first of which was the Sendai…
Australia’s central bank left interest rates at a record low of 1.50 percent Tuesday while striking an upbeat tone on the economy following a rebound in growth at the end of last year. The Reserve Bank of Australia slashed rates…
Trent Hamm I tend to view a good life as being one that’s full of good investments. If you use your resources (money, time, energy, etc.) in a smart way, they’re going to give far more value back to you…
Tokyo stocks fell Monday morning as the yen jumped in response to North Korea firing four ballistic missiles, three of which landed in Japanese-controlled waters. Japanese Prime Minister Shinzo Abe said the missiles were launched “almost simultaneously” and warned the…
By Nathan Smith Across the West today, a rising populist right is blaming established elites for letting in too many immigrants. The immigrants, the populists complain, lower wages, dilute the local culture, and pose a threat to national security. But…
National Jute Day-2017 will be observed throughout the country amid enthusiasm with a view to make jute goods popular among the people. The slogan of the day is “Golden fiber, Golden Country, Jute goods of Bangladesh.” In the capital, the…
Dhaka – Customs Intelligence and Investigation Directorate of the National Board of Revenue (NBR) has requested Bangladesh Bank (BB) to provide a legal explanation of a provision of the Money Laundering Prevention (Amendment) Act 2015 which the Directorate says is…
Secretary of Rural Development and Cooperatives Division Dr Prosanto Kumar Roy has said the Pally Sanchay Bank (PSB) is one of the vital means of eradicating rural poverty in Bangladesh. He mentioned the PSB is a specialised financial institution that…
Golam Moin Uddin & AKM Moinuddin, UNB Staff Writers Dhaka, Mar 4 – Bangladesh has sought over $ 8.93 billion Chinese assistance to help implement eight priority projects in Bangladesh for the year 2017 which is seen as a follow-up…
Leading stock exchanges romped higher Wednesday, with US markets roaring to fresh records and the dollar advancing, after President Donald Trump struck a more conciliatory note in a major address Tuesday night. Trump’s speech to Congress restated campaign themes on…
Australia’s economy gained momentum in the last quarter of 2016, allowing the resource-rich economy to extend its 25-year streak without recession. It brings the country close to breaking the Netherlands’ record of modern-era uninterrupted economic growth.
Saudi Arabia said Tuesday its $7 billion investment in a giant Malaysian refinery would bolster a bid by state-owned energy firm Aramco to go public next year. The deal between Aramco, the national oil company of Saudi Arabia, and Malaysian…
By Raquib Siddiqi It is sad to note that aviation has not only failed to keep pace with global development through up gradation of facilities, but also suffered punitive actions for poor and outdated facility and security systems. 26 years…
Dhaka – The National Economic Council (NEC) on Tuesday approved an overall Revised Annual Development Programme (RADP) outlay of Tk 1,19,296 crore for the current fiscal year (FY17), down from the original overall ADP size of Tk 1,23,345 crore. The…
The central bank predicts that the disbursement of agriculture loans will exceed the target in the current fiscal 2016-‘17. “The trends of recent credit disbursement indicate that the disbursement target for the current fiscal is likely to exceed,” Bangladesh Bank…
Dhaka – Planning minister AHM Mustfa Kamal Monday said the government is unable to utilise total allocation of project assistance in annual development programme of the current fiscal due to impact of Holey Artisan Bakery terrorist attack on July 1…
Saudi Arabia on Sunday launched a parallel equity market designed to boost small and medium enterprises that closed up 20 percent, the maximum allowed in a single day, brokers said. The index on the parallel market, Nomu, listing seven companies,…
Chinese state-run energy giant Sinopec has drilled hundreds of wells across the country without finding a single drop of oil. But that was precisely the point: instead of black gold, the almost mile deep holes are providing clean heat for…
The regional office of Bangladesh Rural Development Board (BRDB) here disbursed around Taka 941 crore as loan among poor and destitute people till December last. The loan was distributed for poverty alleviation by creating self-employment facilities in agricultural and non-agricultural…
Prime Minister Sheikh Hasina on Wednesday said work is on to shortlist the sites for state-of-the-art Bangabandhu Sheikh Mujib International Airport in any of the capital’s surrounding areas. “On completion of the site survey work for the airport, now the…
Penang, (Martin Khor) – A new US tax plan, being considered by Congressional Republican leaders and the President of the United States, is likely to be violative of the fundamental principles of the World Trade Organisation and its agreements, and…
Senior bankers asked their newly recruited colleagues to gain professional skills as it is inevitable for attaining success in the banking sector for overall socio economic development of the region. They urged them to make their banking activities clients- friendly…
Strong winds and stormy seas have helped turn the Shetland Islands in the North Atlantic into a European renewable energy giant, producing more power than it knows what to do with. The tidal power underwater turbines that were completed last…
Shares in troubled conglomerate Toshiba dived again Friday as Standard & Poor’s warned it may cut its credit rating while a possible saviour of the Japanese firm’s loss-hit nuclear unit reportedly ruled out any rescue deal. Investors have sliced more…
Dhaka, Feb 18 – The government has finally decided to build a complete elevated expressway over the existing Dhaka-Chittagong Highway shelving its previous plan to construct an at-grade six-lane expressway. The decision was finalised as Prime Minister Sheikh Hasina has…
Danielle Nierenberg Conventional agricultural practices can adversely impact biodiversity and ecosystem health, according to a recent report published in Solutions. In fact, both corporations and eaters rarely pay for the true cost of food on the environment, public health, and…
By Simeon Kerr Saudi Arabia is planning to cull billions of dollars of projects as part of its latest cost-cutting measures to narrow a gaping budget deficit and balance the books by 2020.
Geneva (D. Ravi Kanth) – Major developed countries have called for tightening the intellectual property framework at the World Trade Organization to ensure that their micro, small, and medium-sized enterprises (MSMEs) are protected from sharing technologies, according to a proposal…
Rajshahi Krishi Unnayan Bank (RAKUB) is pledged bound to elevate socio-economic condition of people in the country’s Northwest region. The bank will also put in its level best towards attaining target of agricultural loan disbursement set for the region in…