Dhaka – Finance Minister AMA Muhith Wednesday said the price of oil will be reduced with effect from January. “We had hoped to bring it down in December, but it was not possible, so we hope to do so in…
Category: Economy
Remittance flow falls despite rise in labour migration: Study
Despite a marked rise in the country’s lobour migration this year, its remittance flow has declined by about 11 percent compared to the previous year, says a new study.The study, which was carried out by the Refugee and Migratory Movements…
Stocks remain bullish
Stock remained bullish on Wednesday despite moderate fall in daily transaction.The broader index at Dhaka Stock Exchange (DSE) gained 11.17 points to end the day at 5027.91 after reaching 25-month high on Tuesday.Like previous session, the DS30 and the DSES…
Sustainable water resource management stressed
Speakers at the National Water Convention, 2016 stressed the need for sustainable management of water resources as the availability of water is declining day by day.Speaking as the chief guest, Water Resources Minister Anisul Islam Mahmud emphasised preserving the country’s…
India’s Tata sues ex-chief for alleged breach of confidentiality
Indian salt-to-steel conglomerate Tata upped the ante in their bitter dispute with ousted former chairman Cyrus Mistry on Tuesday, saying they were suing him for breach of confidentiality. Tata Sons, the holding company of India’s sprawling $103 billion Tata Group,…
Tokyo stocks open lower, Toshiba plunges
Tokyo stocks opened slightly lower Tuesday morning, though Toshiba plunged on a report it is likely to record a huge special loss related to a US subsidiary’s acquisition of a nuclear power service company. Overall, deals were quiet as global…
53 farmers get Taka 24 lakh loans in Rajshahi
A total of 53 farmers having Taka 10 bank accounts received agricultural loan worth Taka 24 lakh on less interest rate in open place here on Sunday. Rajshahi Krishi Unnayan Bank (RAKUB) disbursed the loan under its inclusive banking scheme…
Stocks break five-day gaining streak
Majority of stocks were down on Tuesday breaking a gaining streak that continued in the past five trading sessions. The price fall was mostly seen in the large-cap securities which were under sale pressure for profit booking and repositioning by…
EU offers BD support to develop women, peace, security plan
Dhaka – The European Union offered the EU’s support to Bangladesh on developing its Action Plan on Women, Peace and Security and Bangladesh welcomed this offer. The offer has been given at a biennial meeting of the Sub-group on Good…
India’s Mistry resigns from all Tata companies
Cyrus Mistry, the ousted former chairman of Indian conglomerate Tata, announced Monday he had resigned from all of the group’s listed companies as he pledged to escalate his bitter dispute with company patriarch Ratan Tata. Mistry was expected to be…
BD to achieve SDGs well before 2030, says Muhith
Dhaka – Finance Minister AMA Muhith on Sunday said Bangladesh will be able to achieve the Sustainable Development Goals (SDGs) well before the stipulated time of 2030. “I personally think Bangladesh will certainly reach the targets well before 2030, although…
Administrative capacity crucial for combating terror financing: FS
Dhaka – Bangladesh needs continued political commitment, administrative structure and budgetary allocations to effectively combat terror financing, said Foreign Secretary Md Shahidul Haque on Sunday. UNB news agency reported
What’s it like to win Spain’s bountiful Christmas lottery?
Two years ago, a district in Madrid got lucky in Spain’s hugely popular Christmas lottery, with people working or living there winning prizes of between 120,000 and 3.0 million euros. As Spaniards gear up for the next windfall from the…
US judge ‘optimistic’ for deal in 3.0-liter diesel VW case
A US federal judge overseeing the Volkswagen emissions scandal said Friday he is optimistic about reaching an agreement for the last 80,000 vehicles affected in the United States. A new hearing has been set for Monday to review the German…
Better int’l co-ordination could lead to more benefits from migration
Despite growing economic dynamism in many developing regions, international migration flows are not being diverted towards these new alternative poles but rather are concentrating in advanced economies, according to a new OECD Development Centre report.
Italy’s banking problems can be solved, EU will help: Juncker
Italy’s banking problems can be solved and the EU will do everything to help, European Commission chief Jean-Claude Juncker said Wednesday, dismissing fears of something akin to the euro crisis. New Italian Prime Minister Paolo Gentiloni has said his government…
Traffic police collects Taka 12 lakh fine from rule violators
Dhaka – The Traffic Department of Dhaka Metropolitan Police (DMP) filed 3,755 cases and collected fines of Tk 11,93,050 during special drives against traffic rules violators in the capital on Wednesday.
Muhith rejects plea for fund to help negative equity holders
Dhaka – Finance Minister AMA Muhith on Wednesday turned down an appeal of the stock brokers to provide fund for helping negative equity holders in the stock market. “No fund will be provided to the stock market for negative equity…
India’s TCS ousts Mistry from board as purge is stepped up
India’s Tata has ousted Cyrus Mistry as a director of its cash cow IT business Tata Consultancy Services as the Indian conglomerate steps up its purge of its former chairman. TCS said in a statement late on Tuesday that shareholders…
Dhaka finds success as chairman 9th GFMD summit
Dhaka – Bangladesh has described its GFMD chairmanship as a success, saying Dhaka has been enthralled by the presence of members of 130 countries, over 200 members of international civil societies and representatives from 30 organisations. “It’s your success and…
Tarana’s ministry to track file movement through app on mobiles
Dhaka – State Minister for Posts and Communications Tarana Halim on Monday said the Posts and Telecommunications Division has launched a digital ‘file tracking’ system, accessible through a mobile phone app, with the aim of instilling pace, accountability and transparency…
Oil soars as non-OPEC producers agree on caps
Oil soared Monday following a landmark deal by Russia and other non-OPEC producers to join the cartel in capping output, in a bid to end a stubborn global glut that has hammered prices. In a bid to reverse a dramatic…
Saudi minister says, guesthouses built for migrants’ security
Dhaka – Adnan Abdullah Alnuaim, Deputy Minister of Customer Relations, Ministry of Labour and Social Development of Saudi Arabia, says his government has built guesthouses in different parts of the country as a security measure for migrant workers. “We’re working…
PWD doesn’t follow eco friendly instruction to hollow bricks: Muhith
Dhaka-Finance minister AMA Muhith yesterday alleged that Public Works Department (PWD) does not follow the instruction to use eco friendly hollow bricks.
Businesspersons asked for paying VAT to strengthen economy
Adequate awareness should be created among the businesspersons and consumers to inspire them in paying value added tax (VAT) and income tax properly for further strengthening of the national economy. The opinion came at a post-rally discussion organised by the…
LPG, auto gas policy in the offing to facilitate private investment
Dhaka -The government is working to formulate a policy to facilitate private investment in the country’s LPG and auto gas sector as part of its plan to popularise the use of LPG and auto gas amid fast depletion of country’s…
Bullet trains may first ply reworked Dhaka-Ctg route
Dhaka – The government is set on introducing high-speed rail in the country, with the commercially vital Dhaka-Chittagong route earmarked for installation of the advanced tracks to support high-speed railway travel. Travellers between Bangladesh’s two most economically vibrant centres, capital…
Japan cuts GDP growth for third quarter
Japan’s economy grew less than expected in the third quarter with a 0.3 percent expansion, revised data showed Thursday, a number that will likely fan fears that Tokyo’s growth plan has run out of steam. The latest figures were lower…
Russia says OPEC, non-OPEC countries to discuss oil cuts
Russia on Tuesday said it will take part in a meeting of OPEC and non-OPEC members as oil prices wobbled on doubts over the impact of an output cut deal. Energy Minister Alexander Novak will attend the meeting in Vienna…
Cabinet okays bill raising land acquisition compensation
The Cabinet on Monday approved in principle the draft of ‘The Acquisition and Requisition of Immovable Property Bill, 2016’, raising compensation against land value by three times than the average value in the areas concerned.The approval was given at the…