Bangladesh requires a substantial increase in yearly investment from 29.0 percent of GDP in FY2015 to 34.4 percent of GDP by FY 2020, said the International Chamber of Commerce-Bangladesh (ICCB) on Thursday.The ICCB said this investment will be required to…
Sinking oil and falling Apple caused most world stock markets to retreat Wednesday, although strong Boeing results supported the Dow. In New York, the Nasdaq took a beating and the S&P was down as well, following declines for the bulk…
27th October 2016 Tropical Landscapes Finance Facility Unlocks Private Sector Finance for Climate, Biodiversity and Jobs JAKARTA, INDONESIA – Media OutReach – 27 October 2016 – The Tropical Landscapes Finance Facility, launched in Jakarta yesterday, will bring long-term finance to…
Delhi (Indrajit Bose) — The Green Climate Fund (GCF) at its 14th meeting in Songdo, South Korea, in a decision adopted by the Board to facilitate access to environmentally sound technologies (ESTs), encouraged developing countries to submit proposals in this…
Global stock markets lost steam Tuesday amid a deluge of US corporate earnings reports showing mixed results, as well as solid German economic data, while oil dropped below the psychological $50 level. US markets posted slight declines with some big…
The country’s GDP growth rate in the 2015-16 fiscal year finally reached 7.11 percent from the provisional estimation of 7.05 percent, said Planning Minister AHM Mustafa Kamal on Tuesday.The minister came up with the information while briefing reporters at the…
I recently had the incredible pleasure of attending the One Young World summit in Ottawa, Canada and joined a delegation of 1300 inspirational young leaders from around 200 different countries around the world.I met refugees, entrepreneurs, policy advisors, campaigners and…
Dhaka: The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved the 3rd revision of the ‘One House One Farm’ project raising its cost by Tk 6,813.27 crore, aiming to reduce the country’s poverty rate to 10 percent…
Local mobile handset brand Symphony has introduced new Smartphone named “Symphony i50″ with dual flash and intelligent fingerprint features. The Smartphone will be more secure for the intelligent fingerprint touch. Users can lock message, camera and all of the apps…
Seoul (AP/UNB) — South Korea’s third-quarter growth slipped to its lowest level in more than a year in the first indication of the growing impact of Samsung Galaxy Note 7 recalls on the broader economy.
Belgium’s Wallonia region on Sunday dealt a fresh blow to a proposed EU-Canada trade deal, rejecting a 24-hour ultimatum from the bloc to end its objection to the agreement. In an embarrassment for the 28-nation EU, Belgium has so far…
Venezuelan President Nicolas Maduro called on Saturday for increased cooperation between oil-rich nations to stabilise prices as he met with the supreme leader and president of Iran. “To stabilise the price of oil, new mechanisms should be taken and consultation…
Dhaka – Prime Minister Sheikh Hasina on Sunday asked Awami League leaders and activists to go to the doorsteps of people to convey them the message about development activities her government has carried out as the next general election is…
Ratings firm Standard & Poor’s raised Friday its outlook on France’s long-term sovereign credit rating to “stable” from “negative”, a move hailed by the government as a “sign of confidence”. The US ratings agency, which stripped France of its prime…
Dhaka-Transparency International Bangladesh (TIB) has voiced concerns over the World Bank’s intention of expanding its lending portfolio by providing a loan of $2 billion to Bangladesh as climate finance over the next three years.
Two years ago at the 31st African Union Summit in Malabo, Equatorial Guinea, heads of state and government endorsed the New Partnership for Africa’s Development (NEPAD) programme on agriculture and climate change with the bold vision of at least 25…
Dhaka: Pubali Bank Limited has opened its shifted Gulshan Model Town Corporate branch to provide best and modern banking services to its customers. Habibur Rahman, Chairman of Board of Directors of the bank, was present as the chief guest at…
Dhaka – Prime Minister Sheikh Hasina on Tuesday said Bangladesh will be able to attain the Sustainable Development Goals (SDGs) only if Awami League remains in power, UNB news agency reported.
World Bank Group President Jim Yong Kim on Tuesday pledged $2 billion over the next three years in new funding to help the country become less vulnerable to climate change.The $2 billion pledge in new money for climate change is…
Enhanced cultivation of high yielding zinc-enriched variety rice can ensure food and nutrition security preventing deficiency of zinc, iron and vitamin-A of the population to increase disease resistant capacity. Agriculture experts viewed this at a farmers’ field day organised by…
Bangladesh had fast rural transformation but showed slower rural poverty reduction compared to the other countries which might be related to its slow structural transformation, says a new report.
The BRICS nations agreed on Sunday to fast-track the setting up of their own credit-rating agency to better cater to developing economies, rivalling existing ones based in Western countries. Prime Minister Narendra Modi said they agreed to move ahead on…
Dhaka – Speakers at the 9th South Asia Economic Summit in the city on Sunday said inequality stands as the main barrier to building an inclusive, just and peaceful society in South Asia, UNB news agency reported. They mentioned structural…
The Associated Press Benaulm, India – The newly formed multilateral New Development Bank has been widely praised at this weekend’s BRICS summit, with leaders from the grouping hailing the bank’s achievements and its support for clean energy and sustainable development…
Biman Bangladesh Airlines has initiated the process to lease two more Boeing 737-800 aircraft by December this year. The national carrier has taken the move to replace two decades-old aircraft Airbus A310-300 that were grounded last month. Talking to BSS,…
Dhaka – Bangladesh has formally joined Chinese President Xi Jinping’s ‘Road and Belt Initiative’, a drive which has already drawn the close attention of the world. During the just-concluded historic visit of Xi, Bangladesh and China signed a document of…
-By Raquib Siddiqi International tourist arrivals grew by 4.4 per cent in 2015 to reach a total of 1,184 million in 2015, according to the latest UNWTO World Tourism Barometer. Some 50 million more tourists (overnight visitors) travelled to international…
Bangladesh’s relations with World Bank (WB) will reach a new height, with the top official of this global development partner visiting Dhaka this week to recognise the country’s significant success in poverty reduction and mark the “End Poverty Day”. Jim…
Dhaka – Bangladesh and China on Friday signed loans and investment deals worth over US$ 24 billion with Chinese President Xi Jinping saying the Bangladesh-China relations are now at ‘new historical’ turning point and heading towards a ‘promising future’. The…
Dhaka-India continues to have serious levels of widespread hunger forcing it to be ranked a lowly 97 among 118 develop ing countries for which the Global Hunger Index (GHI) was calculated this year. Countries worse than India include extremely poor…