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  • Page 88

Category: Economy

Xi sees scope for expanding ties; assures steps for boosting BD exports

October 14, 2016 Staff ReporterEconomy, Int’l relations, Trade

Dhaka: Chinese President Xi Jinpin on Friday said there is ample scope to expand ties between Bangladesh and China in the areas of economic, trade, agriculture and industrial sectors. He also assured of considering the matter of increasing Bangladesh’s export…

Xi sees scope for expanding ties

Developing countries share sustainable dev philosophies

October 14, 2016 editorDevelopment, Environment, Op-Ed

UN (IPS) – Countries of the Global South, also known as developing countries, share many principles in common when it comes to implementing the UN’s Sustainable Development Goals. This was reflected at a special meeting of the 133 members of…

Developing nations share sustainable dev ideas

SAARC is important although there are political intolerance in the region: CPD

October 14, 2016 Farzana Afroze ZerinPlanning

Dhaka-Centre for Policy Dialogue (CPD), a civil society think thank, on Thursday said the South Asian Association for Regional Cooperation (Saarc) still has its importance even though there political tensions in the region.

SAARC important although political intolerance CPD

PM flies to Goa Sunday to join BRICS-BIMSTEC Summit

October 13, 2016 Staff ReporterEconomy, Lead 2, Trade

Dhaka: Prime Minister Sheikh Hasina leaves here for Goa, India on Sunday on a two-day official visit to attend the BRICS-BIMSTEC Outreach Summit. During the visit, she will also have meetings with some world leaders, including Russian President Vladimir Putin…

PM flies to Goa Sunday to join BRICS-BIMSTEC Summit

OPEC invites Russia to meeting, eyeing higher oil price

October 13, 2016 sub EditorEconomy

OPEC said Wednesday it was inviting Russia and other key non-members to a meeting later this month as the oil cartel and Moscow seek to tighten cooperation to boost historically low crude prices. The announcement came after a meeting in…

eyeing higher oil price, OPEC invites Russia to meeting

“Reimagining South Asia in 2030″ 9th South Asian Summit theme

October 13, 2016October 13, 2016 Farzana Afroze ZerinInt’l relations, Last update, Planning

Dhaka-The 9th South Asia Economic Summit (SAES IX) will be held here on October 15-16 with the overarching theme “Reimagining South Asia in 2030.”

9th South Asian Summit

Bangladesh ranks 111 among 144 in girls’ opportunity index

October 12, 2016 editorDevelopment, Femina, Lead News

Dhaka – Bangladesh has been placed at 111 on the Girls’ Opportunity Index, a report published by Save the Children. The report has ranked 144 countries according to opportunities provided to ensure development of girls.Bangladesh has been placed in the…

Bangladesh girls' opportunity index

Think tank wants smart talks with China over investment

October 11, 2016October 11, 2016 editorDiplomacy, Finance, Lead 2

Dhaka – Dhaka needs smart negotiations with Beijing as Bangladesh is witnessing a very good momentum in terms of Chinese investment, a leading economist said in Dhaka on Monday, UNB news agency reported. “We need very smart negotiations with China…

have smart talks with China over its investment

Taskforces start collection of info on foreign workers

October 10, 2016 Lutfun NaharFinance, Manpower

As part of the government’s move to bring all foreigners working in Bangladesh under a database, two taskforces have stated collecting information about foreigners and their employers in Dhaka and Chittagong.A software is now being developed to preserve the information…

Taskforce collecting data on foreign workers

Fed’s Fischer forsees gradual interest rate rises

October 10, 2016 sub EditorEconomy

Federal Reserve vice chairman Stanley Fischer on Sunday predicted modest interest rate increases in the coming years, saying the US economy was nearing full employment. “Gradual increases in the federal funds rate will likely be sufficient to get monetary policy…

Fed’s Fischer forsees gradual interest rate rises

Plan to dredge, train Bangladesh’s 24 major rivers

October 10, 2016October 10, 2016 editorDevelopment, Lead News, Water

Dhaka – The government has planned to dredge 2100 kilometers of 24 major rivers alongside 690 kilometers river training across country over the next 15 years, aiming to increase and maintain their navigability, reports Golam Moin Uddin, UNB Staff Writer.…

Bangladesh's 24 major rivers to be dredged trained

Professional skills inevitable for success in banking sector

October 9, 2016 sub EditorEconomy

Senior bankers asked their branch-level colleagues to develop their skill and attitude for boosting professional competency as it is inevitable for achieving success in the banking sector. They urged them to make their banking activities client-friendly so that they get…

Professional skills inevitable for success in banking sector

Returning to investment

October 9, 2016October 9, 2016 editorBusiness, Finance

Richard Kozul-Wright Geneva – At the G20 summit last month in Hangzhou, China, world leaders outlined an ambitious plan for a “new era of global growth.” But they left out a key ingredient: fixing the investment climate. Conventional wisdom holds…

Returning to investment

IMF members commit US$340bn in bilateral borrowing

October 8, 2016 editorBanking, Finance, Int’l relations

Dhaka – (AP/UNB) Twenty-five members of the International Monetary Fund (IMF) have committed a total of SDR 243 billion (US$340 billion) in bilateral borrowed resources with maximum terms through end-2020.

IMF members commit US$340bn in borrowing

Obama ends ‘victory tax’ on US Olympic athletes

October 8, 2016 editorFinance, Other Sports

Washington (AP/UNB) — Olympic athletes who bring home the gold, silver and bronze for Team USA will no longer pay a “victory tax” for their achievement under a bill President Barack Obama signed into law Friday. The IRS will now…

UN sets limits on global airline emissions amid dissent

October 8, 2016 editorclimate, Development, Lead News, Tourism

A United Nations agency approved a landmark accord on Thursday to curb aviation pollution amid criticism the deal, which will cost the industry billions of dollars, fails to trim emissions enough on international flights. The International Civil Aviation Organization’s (ICAO)…

UN sets limits on global airline emissions

Remittance inflow to the country declines by $141m in Sept

October 8, 2016October 8, 2016 Farzana Afroze ZerinFinance, Manpower, Migration

The remittance inflow to the country has declined by $141 million as it received $1.043 billion in September while it was $1.183billion in August.

Remittance inflow to the country declines in Sept

Wheat, rice harvests headed for record high: FAO

October 7, 2016 sub EditorEconomy

The world’s wheat and rice producers are headed for a record harvest this year, drastically reducing the global food bill as prices fall, the FAO said on Thursday. Overall cereal production is projected to rise by 1.5 percent this year…

rice harvests headed for record high, Wheat

Remittance inflow declines in September

October 7, 2016 Staff ReporterEconomy

Dhaka: The remittance inflow to the country has declined by $141 million as it received $1.043 billion in September while it was $1.183billion in August.World Bank’s chief economist Zahid Hossain attributed this decline to the fall of oil price in…

Remittance inflow declines in September

Commonwealth urges policy changes to unleash blue economy

October 7, 2016 editorEconomy, Int’l relations, Lead 2

Dhaka – The Commonwealth Secretariat calls for “fundamental changes” to the way the world’s oceans, seas and coastal areas are managed, UNB news agency reported.

C'wealth to unleash blue economy

Internet closure cost countries $2.4bn, BD 69mn in 2015-16

October 7, 2016October 7, 2016 editorFinance, ICT Horizon, In Focus, Lead 2, Op-Ed

Dhaka: A study report, released on Thursday in Washington DC, quantifies the economic cost of internet shutdowns around the world over the past year, including those that occurred in Bangladesh.

Internet closure cost countries $2.4bn

Market showing gain

October 6, 2016 Lutfun NaharBusiness, Economy, Trade

Trading on the country’s two bourses is underway showing positive trend in share price indices on Thursday, the last trading day of the week.DSEX, the key index of Dhaka Stock Exchange, gained 0.60 points to stand at 4714.65 during the…

DSE showing positive growth

Kuwait to compensate citizens for petrol price hike

October 6, 2016 sub EditorEconomy

The Kuwaiti government agreed to compensate citizens for hiking petrol prices in a plan to “partially liberalise” the fuel subsidy, parliament speaker Marzouk al-Ghanem said on Wednesday. Those holding driver’s licences would be compensated with a quantity of “free petrol”…

Kuwait to compensate citizens for petrol price hike

Cage fish farming succeed in Bangladesh’s Pirojpur

October 6, 2016 editorBusiness, Development, Fishery, Lead News

Dhaka – The people of Dhawa and Harinapal villages, particularly women, in Bhandaria upazila have now become self-reliant through ‘cage fish farming’, UNB news agency reported.

Cage fish farming succeed in Bangladesh

JS passes Bill for regulating foreign funded NGO work 

October 6, 2016October 6, 2016 editorDevelopment, Lead 2, Society

Dhaka – The Jatiya Sangsad Wednesday passed the Foreign Donations (Voluntary Activities) Regulation Bill, 2016’ in an amendment form with a provision for non-government organisations to take prior approval from the NGO Affairs Bureau to undertake any project and implement…

regulating foreign funded NGO work

Emerging markets face uneven outlook, says IMF

October 5, 2016 sub EditorEconomy

Developing nations continue to be the backbone of global growth, but face a series of headwinds including a slowdown in China, weak demand in advanced economies, low commodity prices and political strife, the IMF warned Tuesday. The International Monetary Fund…

Emerging markets face uneven outlook

Tobacco farming needs to be replaced: Nasim

October 4, 2016October 4, 2016 Staff ReporterEconomy

Dhaka: Health Minister Mohammed Nasim on Thursday stressed that tobacco farming needs to be stopped immediately through working out an alternative option for the livelihoods of tobacco farmers. While addressing a roundtable, titled ‘Tuberculosis and Tobacco: Double Burden’ in the…

Tobacco farming needs to be replaced: Nasim

ECNEC approves 8 projects worth Tk 3,488.20 crore

October 4, 2016October 4, 2016 Lutfun NaharFinance, Governance

The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved the ‘Procurement of 200 MG passenger coaches for Bangladesh Railway’ project involving Tk 927.52 crore, aiming to provide modern, safe and improved services to commuters.The approval came from…

ECNEC approves 8 projects

Hillary tears into Trump on taxes; he says he’ll save nation

October 4, 2016 editorFinance, Politics, World News

Toledo (AP/UNB) — Hillary Clinton tore into Donald Trump’s tax maneuvering, business skills and trustworthiness Monday as she sought to capitalize on news that the New York real estate mogul may have paid no federal taxes for years. Unfazed, he…

Hillary tears into Trump on taxes

Saudi Arabia switches to ‘Western’ calendar

October 3, 2016 editorBanking, Finance, Int’l relations, Lead 1, Society

Saudi Arabia has shifted to the Gregorian or “Western” calendar as a basis for paying civil servants as part of an austerity package. The kingdom adopted the lunar Islamic calendar when it was founded in 1932. The birthplace of Islam…

Saudi Arabia switches to 'Western' calendar

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