Rome, 15 February – In a private meeting with indigenous peoples’ representatives, Pope Francis stressed the need to reconcile development, both social and cultural, with the protection of indigenous peoples and their territories, “especially when planning economic activities that may…
Tokyo stocks surged at the open Wednesday on a weaker yen after Federal Reserve boss Janet Yellen signalled the US central bank’s next rate increase could come at any time. But troubled conglomerate Toshiba suffered another collapse, diving almost 13…
Rome, 14 February – Describing rural development as a “moral obligation,” Kanayo F. Nwanze, President of the International Fund for Agricultural Development (IFAD), made his final appeal to governments on behalf of poor rural people across the globe at today’s…
Prime Minister Sheikh Hasina on Tuesday said the country’s GDP growth would have reached 8 percent if the construction work on the Padma Bridge, which faced a setback due to the false graft allegation raised by the World Bank, could…
Shares in Toshiba dived more than nine percent Tuesday after the huge conglomerate delayed the release of financial results expected to include billions of dollars in losses tied to its ailing US nuclear power unit. The firm plunged 9.45 percent…
Delia Paul A national dialogue process on green finance in Italy has yielded a list of 18 possible policy actions for redesigning the country’s financial system to meet sustainability aims. The one-year dialogue engaged Italy’s banking and finance sector to…
Road Transport and Bridges Minister Obaidul Quader on Monday told Parliament that some 40 percent work on Padma Bridge completed as of January 2017. The progress of construction works on the much-sought bridge is satisfactory, he said replying to a…
Asian markets pressed ahead with a global rally on Monday following another record close in New York as traders welcomed Donald Trump’s promise of details on tax reform and his softer tone on China and Japan at the weekend. Shares…
Geneva, (Kanaga Raja) — The Trade and Development Board of UNCTAD on Monday held a discussion on the Least Developed Countries Report 2016 which amongst others had argued that graduation of the Least Developed Countries (LDCs) is “not the winning…
Law, Justice and Parliamentary Affairs Minister Anisul Huq today called upon all who got victimized by the false allegation of graft in Padma Bridge Project to file case against the World Bank. “After the recent verdict of Canadian court, it…
Business Desk Stocks opened week upward on Sunday with all the indices at Dhaka and Chittagong stock exchanges finishing upwards on higher activities of large-cap securities. Major sectors including food and allied, insurance and service and real estate finished higher…
Dhaka, Feb 11 – Prime Minister’s ICT Affairs Adviser Sajeeb Wazed Joy today said the Canadian court verdict binning Padma Bridge Corruption Case indicated a plot behind the Padma Bridge scam. “The Canadian court trying the Padma Bridge corruption case…
By Chandra Muzaffar It is not surprising that the Davos Forum held in the middle of January 2017 chose not to examine the obscene, grotesque, ever widening economic inequalities in the world brought to its attention by Oxfam, the global…
State Minister for Social Welfare Nuruzzaman Ahmed today said 51.20 lakh beneficiaries, including physically challenged persons, have been brought under social safety net and food security programmes of the government. “The Ministry of Social Welfare has undertaken various programmes for…
The farmers are now happy over excellent litchi flowering with a hope of getting bumper production of the juiciest fleshy fruit this season in eights northern districts under Rangpur division. With advent of the spring at the eve of departure…
Noting that terrorism is the greatest enemy of mankind and civilisation, President Abdul Hamid on Wednesday called upon the leaders of Asia Pacific Region to build a united resistance against it for attaining continued peace, prosperity and development. “Extremism and…
Tokyo stocks slipped Wednesday morning as an uptick in the yen hit exporters while energy shares dropped on falling oil prices. Japan’s main equity markets opened in positive territory on the back of a rise in New York, where the…
Dhaka, Feb 7 – Bangladesh Bank (BB) Governor Fazle Kabir today asked bankers to ensure proper banking services in their banks for bringing down the country’s position in doing business ranking to below 100 from the existing 176 within fiscal…
Bangladesh has urged Bimstec member states to conclude the Bimstec Free Trade Area (FTA) negotiations as early as possible. Bangladesh conveyed its position at the seventeenth session of the Bimstec Senior Officials’ Meeting (SOM) held on Tuesday in Kathmandu, Nepal…
Late Sunday at the Ninth Circuit Court of Appeals in San Francisco, a group of 97 companies — mostly in the technology sector — filed a “friend of the court” amicus brief strongly condemning the immigration policies of President Donald…
Australia’s central bank held interest rates at a record low of 1.50 percent Tuesday but soft inflation and growth figures kept the door open for future cuts. The Reserve Bank of Australia slashed rates 300 basis points between November 2011…
Dhaka Chamber of Commerce and Industry (DCCI) has requested the National Board of Revenue (NBR) to give ‘Tax Card’ to all tax payers as an electronic smart card instead of giving it to VIPs. During a meeting with NBR chairman…
The amount of classified loans in the country’s banks and financial organisations stood at Tk 63,435 crore in September last, Finance Minister AMA Muhith told Parliament on Monday. According to Bangladesh Bank’s statement, the amount of classified loans in the…
Dhaka, Feb 6 – The Cabinet on Monday approved a proposal for the formation of Sovereign Wealth Fund with an authorised capital of $ 10 billion, aiming to utilise the country’s foreign currency reserve in multifaceted ways.
The present government puts due importance on mechanisation of agriculture to make farm-activities more profitable by increasing crop yields reducing production costs in attaining sustainable food security. Agriculture experts said this at a ceremony arranged by the Department of Agriculture…
Geneva, 3 Feb (Kanaga Raja) – Global foreign direct investment (FDI) flows declined by 13% in 2016, to reach an estimated US$1.52 trillion, the United Nations Conference on Trade and Development (UNCTAD) has said. In its latest Global Investment Trends…
Dhaka – Islamic Banks Consultative Forum (IBCF) emphasised on practicing Uniform Shariah Compliance and Accounting System for all Banks operating Islamic Banking services in Bangladesh. Arastoo Khan, newly elected Chairman of IBCF emphasised on the issue at a meeting recently.
Dhaka – Leaders of the E-9 countries under the UNESCO yesterday vowed to work together for the achievement of inclusive and equitable education by 2030.
Dhaka – Bangladesh still faces challenges in creating enough productive jobs to reduce poverty and unlock the country’s development potential. Asian Development Bank (ADB) said it its -said Development Effectiveness Brief: Bangladesh 2017 released on Sunday.
Bangladesh has so far received US$ 448.65 million as assistance from different agencies to face adverse impacts of climate changes, Environment and Forests Minister Anwar Hossain Manju told Parliament on Sunday. Besides, Bangladesh got commitment of US$ 175 million from…