Dhaka-Prime Minister’s International Affairs Adviser Dr Gowher Rizvi yesterday said the government is committed to fully implement the CHT (Chittagong Hill Tracts) peace accord.
Category: Economy
Apple reveals autonomous vehicle ambitions
Apple has revealed it is investing heavily in autonomous vehicles in a letter asking the government to make it easier to develop self-driving cars. The company is “excited about the potential of automated systems in many areas, including transportation,” Apple…
Ronaldo, Mourinho accused of tax avoidance
Cristiano Ronaldo and Jose Mourinho have avoided paying tax on millions of dollars of earnings by channelling money abroad, according to claims based on a huge document leak. Ronaldo, the Real Madrid star, and Mourinho, the Manchester United manager, allegedly…
Govt moves to ‘introduce unified university admission test’
Dhaka -The government has taken an initiative to introduce a unified test system for admission to all universities, aiming to reduce the hassles of admission seekers and their guardians. President Abdul Hamid, also the chancellor of all universities, will hold…
6m solar home system plan faces setback
Dhaka – The country’s solar home system (SHS), which is acclaimed as the world’s most successful single largest programme, is now in limbo due to a sharp fall in its installation rate. According to the industry insiders, the monthly installation…
Bangladesh-Icimod int’l seminar on dev of CHT Dec 4
Dhaka – With the vision of promoting sustainable development in Chittagong Hill Tracts (CHT), the Ministry of Chittagong Hill Tracts Affairs (MoCHTA) and the International Centre for Integrated Mountain Development (ICIMOD) are jointly organizing a seminar during Bangladesh-ICMIOD Partnership on…
Stocks end week on high note
Dhaka Stock Exchange (DSE) and Chittagong stock Exchange (CSE) ended the week on a high on Thursday, continuing the previous session’s gain.The turnover both in terms of value and volume also rose on the concluding day of the week.The Dhaka…
Oil eases in Asian trade after OPEC cut
Oil eased in Asian trade Thursday, taking a breather after soaring nearly 10 percent on the wings of OPEC’s decision to carry out its first output cut in eight years. The Organization of the Petroleum Exporting Countries at a meeting…
Leaving no one behind: The imperative of inclusive development
Abridged from UN report: Agreed after an unprecedented global conversation, the new 2030 Agenda for Sustainable Development adopted by Member States in September 2015 has inclusion at its core. With its central pledge to leave no one behind, the historic…
National income tax day Wednesday
National Income Tax Day-2016 will be observed tomorrow across the country with a renewed call for creating awareness among the people for payment of income tax regularly.National Board of Revenue (NBR) has chalked out elaborate programmes in observance of the…
Oil prices fall further in Asia, yen gains hit Tokyo
Oil prices sank further in Asian trade Monday on fears a planned cut in output will not be agreed by top producers this week, while the dollar retreated against most of its peers after its recent surge. Both main crude…
India 2nd unequal country in world: Wealth Report
India is the second most unequal country in the world with the top one per cent of the population owning nearly 60 per cent of the total wealth, according to a report. According to Global Wealth Report 2016 compiled by…
Options lacking to help developing countries avoid debt crises
Despite many developing countries facing a very real risk of falling into debt crisis – the current options available to assist countries to manage their debts are surprisingly lacking.This scenario formed the basis of discussions on Monday 31 October at…
Bank Asia to pay RMG staff wages online
Bank Asia will pay online the wages and other benefits of the employees and workers of two major apparel factories situated in Gazipur. A Memorandum of Understanding (MoU) was signed today between Bank Asia and CARE Bangladesh, an international voluntary…
Is cash a monetary curse?
Sudhirendar Sharma A tax regime is incompatible with peoples’ perception of living in a truly democratic society, posing a challenge to balance an individual’s right to privacy with society’s need to enforce regulations! Cash has undoubtedly proven a curse, irrespective…
Iraq has to up oil output because of ‘budget hole’: FM
Iraq has to up its crude output because dwindling oil prices and the fight against Islamic State have left “a huge hole” in the economy, Foreign Minister Ibrahim al-Jaafari said Tuesday, as the OPEC cartel scrambles to agree a production…
3 power sector projects get approval on ECNEC
The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved three power sector big projects, including Power Grid Network Strengthening Project, with an estimated outlay of Tk 13,703.31 crore, aiming to ensure an uninterrupted power supply system across…
Easy-term loans to enhance spice, pulse production: Experts
Easy-term agriculture loans were being disbursed as per government instructions at four per cent interest rate among farmers to inspire them in enhancing production of spices and pulses, experts said on Monday. They put emphasis on reaching information about the…
ADB approves financing to boost BD natural gas output
Dhaka – The Asian Development Bank (ADB) has approved a $167m loan to promote sustainable economic growth and reduce poverty in Bangladesh by improving production efficiency at a key gas field north of the capital Dhaka and by expanding transmission…
Stocks extend gaining streak to open week
Stocks extended the gaining streak on Sunday to open week in positive mode when all the market indicators closed the session in green. The stock market also finished last three sessions of previous week upward.The DSEX index of Dhaka Stock…
Enhancing financial management capacities of LGIs stressed
Enhancing capacities of the local government institutions (LGIs) in financial management could ensure a proper utilisation of resources to further accelerate rural development ensuring transparency. The observations came at a training course on ‘Financial management and procurement’ organised for the…
Seminar on career excellence held at RU
A seminar on ‘Chartered Acountancy: Career excellence’ a career oriented program organized by the Institute of Chartered Accounts of Bangladesh (ICAB) in association with the department of Accounting and Information Systems (AIS) of Rajshahi University (RU) was held at the…
Facebook authorizes $6 bn share buyback
Facebook’s board of directors on Friday authorized spending as much as $6 billion to buy back shares in the leading social network. The stock repurchase program would go into effect at the start of next year, potentially allowing Facebook to…
Country receives $392.40mn remittance on Nov 1-11
Dhaka – The country received $392.40 million in remittance in the first 11 days of the current month of November. Bangladesh Bank statistics show maximum remittance came through private commercial banks as they received $267.39 million while the nine foreign…
Asia-Pacific leaders talk trade in a Trump world
Top world leaders meet from Thursday to try to save their cherished free trade accords from feared extinction under US President-elect Donald Trump. Here are three big factors looming over the 21-nation Asia-Pacific Economic Cooperation summit from Thursday to Sunday…
ICT Division receives ASOCIO award
Dhaka – Information and Communication Technology (ICT) Division of Bangladesh has received the ‘Digital Government Award 2016’ of Asian-Oceanian Computing Industry Organisation (ASOCIO). UNB news agency reported
China, Peru sign 2 bln USD worth of purchasing agreements amid APEC fever
Business and enterprise representatives from China and Peru signed purchasing agreements worth 2 billion U.S. dollars on Monday in Lima, as the 2016 Asia Pacific Economic Cooperation (APEC) Economic Leaders’ Week kicked off in the capital city. The agreements involved…
India’s Modi urges bill-swap success amid cash crunch
Prime Minister Narendra Modi Sunday made an emotional appeal to people to make India graft-free, as chaotic scenes erupted outside banks nationwide after high denomination notes were pulled from circulation. Modi surprised the country Tuesday night when he announced that…
UN review of BD status from LDC to developing country on cards
Dhaka – A three-day long international seminar of Regional Network on Poverty Eradication (RENPER) held yesterday with a theme of “Advancement in technology for poverty reduction: opportunity and challenges’’ on Bangladesh Agricultural University (BAU) in Mymansingh at the at Syed…
Pay Tk 2500 cr to secure bail, SC to 2 Destiny bosses
The Appellate Division of the Supreme Court (SC) on Sunday asked two high officials of Destiny Group to deposit Tk 2,500 crore to the government treasury within six months to get bail in two money-laundering cases.The two Destiny officials are…