Bangladesh’s extreme poverty rate has dropped to 12.9 percent of the total population in 2015-16, the World Bank says.In its ‘Bangladesh Development Update’, released on Monday, the multi lateral lending agency said it has come down from 13.8 percent in…
Extreme poverty has been falling steadily around the world, but eliminating it by 2030 could be stymied by unequal distribution of the gains of economic growth, the World Bank said Sunday. Unless the gains of growth are steered better to…
The inclusion of Chinese currency, the Renminbi or RMB, in its Special Drawing Rights (SDR) basket by the International Monetary Fund (IMF) reflects the monetary and financial stability in China, a Mexican expert has said. On Saturday, the RMB officially…
Almost 80 years old, the deodorant Old Spice is learning new tricks for finding customers in the era of smartphones and social media. The Procter & Gamble product, having spoofed itself for years with advice on how to become more…
Deposit and investment of Islami Bank Bangladesh Limited stood at Tk. 667,318 million and 694,319 million respectively till September 30, 2016 which are 58,268 million and 61,721 million higher than the figure one year ago. The bank handled foreign exchange…
Finance ministers and central bank governors from across the Commonwealth will meet next week to debate key issues such as Brexit, climate finance and de-risking. The two-day meeting in Washington DC between October 5 and 6 will be joined by…
Oil prices fell in Asia Friday as doubts emerged over the long-term success of a surprise OPEC agreement to cut output and stabilise the oversupplied market. The Organization of the Petroleum Exporting Countries on Wednesday stunned traders by announcing plans…
The head of the IMF on Wednesday renewed warnings against protectionism and trade restrictions, saying that the global economy risked prolonged low growth and that advanced economies faced painful inequality. Christine Lagarde, the International Monetary Fund’s managing director, said the…
Dhaka – Post-harvest losses of paddy are a major problem of Bangladesh due to lack of appropriate technologies at each stages of post harvest operations. So, it is very important identify the present status of post-harvest practices and available technologies…
The Asian Development Bank (ADB) today signed a $200 million loan agreement with the government for modernising Bangladesh Railway (BR), with increasing its passengers and goods transport capacities. Saifuddin Ahmed, Joint Secretary, Economic Relations Division, Ministry of Finance, and Yoshinobu…
Washington – The United States is providing another $364 million in humanitarian aid to those affected by Syria’s civil war.
The Saudi Arabia govt has also decided to suspend wage increases for the lunar year starting next month and curbed allowances for public-sector employees Riyadh: Saudi Arabia cancelled bonus payments for state employees and cut ministers’ salaries by 20%, steps…
– It was difficult for Mahmuda Begum, Senior Assistant Vice President of South East Bank, to take banking as a profession in 1995 as profession of teaching or medicine is generally deemed “suitable” for the educated women in Bangladesh. “When…
Jan Piotrowski The growing access to digital technologies could fundamentally transform developing economies. The move from hunter-gathering to the age of farming and the dawn of the Industrial Revolution 12,000 years later mark seminal transitions in human history, lifestyle and…
Senor bankers asked their branch-level colleagues to attain professional skills 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 total benefits of the banking service.…
The construction of Padma Multi-purpose Bridge will be visible from December and January months, Minister for Road Transport and Bridges Obaidul Quader told Parliament yesterday.
Chinese Premier Li Keqiang on Saturday said it was time for a new direction in relations with Cuba, during a landmark visit to the Americas’ lone communist-ruled state. It marks the first visit by a Chinese premier since the two…
Dhaka-Bangladesh needs to keep fighting at global forums to realise the commitments made by the developed nations for implementing Sustainable Development Goals (SDGs) at national level and achieve global peace, said a leading economist here on Saturday.
-By Raquib Siddiqi Tourism in Bangladesh is having a rudderless existence. The government has failed not only to build a workable tourism infrastructure but also to provide proper guidance to private sector which in recent years has come up in…
Economy Desk State Minister for ICT Zunaid Ahmed Palak today laid emphasis on enhancing export of software and IT products to reach the target of US$5 billion by 2021. “The ICT export may cross $1b by 2018 if the present…
Prime Minister Sheikh Hasina has urged the global stakeholders to deliver their commitments on responsible business conduct, fair pricing and access to development finance. “We would benefit more if business is regarded as a shared responsibility by all at home…
“In many ways Bangladesh has been the Silicon valley of pro-poor financial innovation, embracing and empowering the people at the base of the pyramid, mostly through bottom up experimentation”– said Dr. Atiur Rahman in a seminar at IMF on Thursday,…
In the Al Quoz industrial area of Dubai in the United Arab Emirates (UAE), a number of medium and large-sized buses can be spotted transporting workers clad in company uniforms to distant worksites early in the morning. In the evening…
China invested more money abroad last year than foreign firms piled into the country, data showed Thursday, a first for the world’s second largest economy as Beijing looks overseas as part of its drive to transform its economic growth model.…
Finance minister AMA Muhith is not going to release the final report on the Bangladesh Bank (BB) cyber heist submitted by a government-commissioned probe committee as it may hinder the recovery process of heist money. “We are corresponding with Philippines…
News Desk US President Barack H Obama has depicted the achievement of his presidency in increasing household income and reducing poverty. The next few paragraphs show how briefly he has craftily depicted a great success. — Editor …
The daily trade value at Dhaka Stock Exchange (DSE) crossed Taka 600-crore mark on Wednesday on bullish trading when most issues closed higher.The turnover value surged to Taka 614.12 crore at the end of Wednesday’s session, which was the highest…
Dhaka has sought support from the global community to help develop an integrated plan for protecting marine resources, according to a document of the Ministry of Environment and Forests.Environment and Forests Minister Anwar Hossain Manju made the request at the…
China is expected to announce plans to merge the country’s top steelmakers this week, according to media reports, creating the world’s second-largest manufacturer of the commodity, as markets struggle with a glut caused by Chinese overcapacity. State-owned Baosteel Group, China’s…
Will the world achieve the United Nations’ 17 Sustainable Development Goals (SDGs) by 2030? What can business do to lead the charge? DNV GL set out to answer these two critical questions in its new forecast examining the future of…