The just ended ‘Ekti Bari, Ekti Khamar – One House, One Farm (EBEK)’ project has improved livelihoods of 40,481 poor farm families here bringing them out of the clutches of money lenders as well as vicious cycle of poverty. The…
Category: Economy
Indian bank shares slump as new notes prove elusive
Indian bank shares took a hammering Friday as customers struggled to get their hands on new notes three days after the government’s shock decision to withdraw high-denomination bills from circulation. Snake-like queues formed outside banks for the second day running…
Tk 320bn for Chittagong-Dhaka-Ashuganj shipping project
Dhaka – The Executive Committee of the National Economic Council (Ecnec) on Thursday approved the ‘Bangladesh Regional Domestic Shipping Transport Project-1 with an outlay of Tk 3,20 billion, aiming to ensure safe journeys of passengers and goods transportation through Chittagong-Dhaka-Ashuganj…
India’s demonetisation of currency hits BD patients
Hundreds of Bangladeshi citizens, who come to India for medical treatment, have been adversely affected by India’s sudden demonetisation of higher value currency notes.India announced on Tuesday that its 1,000 and 500 rupee notes will no longer be valid tender…
Inflation slightly rises to 5.57 pc in Oct
The inflation rate in the country increased slightly to 5.57 percent in October, up from 5.53 percent in September fueled by the uptrend in food inflation.”The general point-to-point inflation rate increased slightly to 5.57 percentage point in October,” said Planning…
Dubai opens canal in fresh boost for tourism, commerce
Dubai inaugurated a new canal Wednesday after a three-year construction project costing $735 million, in a fresh boost for tourism and commerce in the booming Gulf city state. The Dubai Water Canal creates a 6.4-kilometre (four-mile) waterfront in the area…
Tokyo stocks plunge 2.2% as results show tight US election
Tokyo stocks plunged Wednesday as polls suggested that market-favoured Hillary Clinton was struggling in her bitter battle against Donald Trump for the US presidency. The benchmark Nikkei 225 index dropped 2.2 percent, or 382.48 points, to 16,788.90 by the lunch…
Bangladesh’s once thriving tourism sector fighting for survival
-By Raquib Siddiqi Dhaka – The tourism in Bangladesh, which, hitherto failed to get appropriate government support, yet moved ahead and stayed alive, is fighting for its survival, being engulfed in crisis, due to negative image. Action to manage the…
India pulls Rs 500 and 1,000 currency notes out of circulation
Dhaka – Currency notes of Rs 500 and Rs 1000 denominations will not be legal tender beginning November 9. This was announced by Prime Minister Narendra Modi in a special address to the nation on Tuesday evening.
NBR earns Tk 11.79 crore in Rajshahi tax fair
Income taxes of more than Taka 11.79 crore was collected in a week-long Tax Fair-2016 that concluded here on Monday evening. Rajshahi Zonal Tax Commissioner’s Office organised the fair at Zafar Imam Tennis complex for eligible citizens to pay income…
More jobs for youths; programme gets cabinet nod
The cabinet on Monday approved a proposal for the expansion of ‘National Service Programme’ to 64 more upazilas, including four of the three hill districts, aiming to create more jobs for youths.The approval was given at the regular weekly meeting…
Tokyo stocks open higher after FBI decision
Tokyo stocks opened higher on Monday after the FBI lifted the threat that Hillary Clinton might face charges over her private email server ahead of the US presidential election. FBI Director James Comey decided not to change his July recommendation…
UAE to host region’s first carbon capture plant
The Middle East’s first factory to suck carbon dioxide out of the air has begun operating in the United Arab Emirates,developers and a minister said Saturday. The plant — said to be the first of its kind in the Middle…
Oil and gas majors invest $1 billion in low-emission tech
Ten global oil and gas companies on Friday announced they will invest $1 billion (900 million euros) in low-carbon-emission technologies to help combat climate change. BG Group, BP, Eni, Pemex, Repsol, Saudi Aramco, Reliance Industries, Royal Dutch Shell, Statoil and…
Bay of Bengal marine resources survey to begin in Nov
Dhaka – The government will start marine resource assessment within the country’s boundary in the Bay of Bengal in this November by using a high-tech marine research vessel, says a senior official. “The ocean survey ship, imported from Malaysia in…
Bangladesh also ‘Donor’ now: UN resident coordinator
Dhaka – Bangladesh is traditionally known as a recipient of donors’ money but the United Nations resident coordinator in Dhaka says the trend has reversed and Bangladesh itself has bbecome a donoe. “We see Bangladesh is now becoming a donor…
BD capital market base, stability established: Finance Minister
Dhaka – Finance Minister AMA Muhith said that stability and base has already been established in the capital market, which is a positive sign to escalate the market forward. The minister said this at a programme- ‘Seminar on Bangladesh capital…
Leather export to earn $5bn by 2021: Tofail
Commerce Minister Tofail Ahmed said the government has set US$ 5 billion export target of leather and leather goods by 2021. “The government has decided to provide financial assistance for the export of leather and other products to attain the…
ADB to provide $8 billion to BD in five years
The Asian Development Bank (ADB) will provide US$ 8 billion to Bangladesh in five years to help implement its ongoing 7th 5-year plan (2016-2020).
Turkish Minister appreciates BD’s economic growth
Turkish Education Minister Ismet Yilmaz on Wednesday appreciated the steady economic growth of Bangladesh dubbing it as a rising economic power in Asia.
Tokyo shares open lower on Trump surge
Tokyo shares opened lower on Wednesday, following global sell-offs sparked by a new poll that put Republican candidate Donald Trump slightly ahead of his Democratic rival in the US presidential race. “The Trump risk is in revival,” said Chihiro…
China manufacturing indices at highest in 2 years
Factory activity in China expanded at its fastest pace in more than two years last month, official and private measures both showed Tuesday, boding well for the world’s second-largest economy. Investors closely watch the purchasing managers’ index (PMI) numbers, which…
53 lakh disadvantaged people getting allowances
The government has brought an estimated of 53 lakh disadvantaged people under the programme for allowances for elderly, destitute, insolvent, disabled and other section of people across the country.”Around 53 lakh disadvantaged people like elderly, destitute, insolvent disabled, tea garden…
125 highest taxpayers to get national tax cards
The cabinet today approved the draft of “The National Tax Card Policy, 2010 (Amendment)” increasing the number of national tax cards to 125 from existing 20.”The new policy has proposed to raise the number of national tax cards to 125…
Early winter vegetables abundant in markets
Varieties of early winter vegetables have started appearing in both retail and wholesale markets here making both the sellers and buyers happy for the last couple of weeks. Farmers in the region including the vast Barind tract are successfully producing…
Low oil prices hit ExxonMobil, Chevron earnings
Low crude prices and weak refining margins weighed on third-quarter profits at US oil giants ExxonMobil and Chevron Friday. But the heavy impact of the industry’s slump on company performance may have bottomed out, as earnings rose compared with the…
The deal to create world’s largest marine park in Antarctica
By David Gilbert An “unprecedented level of international cooperation” has finally led to the creation of the world’s largest marine park, in the Southern Ocean in Antarctica. The initiative designed to help protect one of the most pristine areas of…
China sees $42bn investment prospect in Bangladesh
Golam Moin Uddin & AKM Moinuddin Dhaka – Getting engaged very closely with Bangladesh, China sees an investment potential of around US$ 42 billion in the coming years though it is likely to come up with some $25 billion for…
‘Climate change help in aid, not loan’
As an ‘innocent victim’ of climate change, Bangladesh should receive aid, not loan, to fight the effects of climate change, the head of the parliamentary panel on environment and forest ministry has said.Hasan Mahmud, also former environment minister, spoke twice…
Japan consumer prices fall for seventh straight month
Japan’s consumer prices fell in September for the seventh straight month, data showed Friday, heaping more pressure on the central bank to push back its inflation target deadline. The disappointing data came as the world’s third largest economy struggles to…