‘Initially I purchased a cow by taking investment an amount of 6 thousand from the Rural Development Scheme (RDS) of Islami Bank Banglaesh Limited. At second phase, I took investment of tk. 10 thousand and purchased a sweing machine. And…
Category: Economy
Beximco starts drug export to US from tomorrow
Beximco Pharmaceuticals Limited (BPL) is going to export medicines to the United States from tomorrow as part of its initiative to focus its presence in many emerging and developing markets in the world. Marking the occasion, BPL will organise a…
A new breed of business for the SDGs
Imogen Mathers Global leaders from business, civil society and universities meet in New York, United States, today for the UN Global Compact Leaders Summit. They will debate what the organisers call the “tremendous market opportunity for businesses … to invest,…
BD Railway west zone earns Tk 332.52cr in 2015-16
The West Zone of Bangladesh Railway has earned revenue worth around Taka 332.52 crore during the just concluded 2015-16 fiscal year, up by Taka 26.86 crore over the previous 2014-15 fiscal. Of the total earning, Taka 184.18 crore was obtained…
JICA president’s Dhaka visit postponed
Dhaka – The planned visit of Japan International Cooperation Agency (JICA) President Shinichi Kitaoka to Bangladesh has been “postponed” as Japan wants to take more time to see “convincingly improvement” in security environment, UNB news agency reported.
British retail tycoon hits back at MP’s ‘abuse’
The billionaire owner of the Topshop clothing chain on Saturday accused a leading British MP of running a “kangaroo court” after the tycoon was slammed over the collapse of department store chain BHS. Philip Green wrote a letter to Frank…
Oil prices remain near three-month lows
Oil prices showed no sign of ending their downward march on Thursday, remaining at three-month lows while some observers said prices could stabilize. A barrel of West Texas Intermediate for September delivery lost 78 cents on Thursday, hitting $41.14 on…
Tk 81.93cr budget announced for Kotalipara municipality
Gopalganj Correspondent Kotalipara Municipality announced a surplus budget over Taka 81.93 crore for 2016-2017 at municipality conference room yesterday. Mayor of Kotalipara Municipality HM Wahidul Islam announced the budget of Tk. 81,93,70,000 at a press conference here. In the budget…
Twitter shares dive after update disappoints
Twitter’s shares fell hard Tuesday after its quarterly update showed more losses for the struggling social media platform, which has seen sluggish growth in revenues and active users. Shares were down nearly 11 percent at $16.45 in after-hours trade following…
Hyundai Motor Q2 profit hit by slow emerging market sales
Currency swings and slumping sales in emerging markets took a further toll on South Korea’s Hyundai Motor, which reported Tuesday a drop in net profit for the 10th consecutive quarter. Hyundai—along with its smaller affiliate Kia—forms the world’s fifth-largest automaking…
BB to unveil monetary policy tomorrow
Bangladesh Bank (BB) Governor Fazle Kabir will unveil the monetary policy statement (MPS) for the first half of the current 2016-17 financial year (FY17) tomorrow at 11 am at the central bank headquarters in the city. The governor of BB…
‘EU should suspend funds for Spain, Portugal’
The EU should suspend structural funds to Spain and Portugal after they failed to rein in their debt, according to a letter from the European Commission seen by AFP on Saturday. Eurozone finance ministers agreed this month to impose unprecedented…
Dhaka sustainable development summit begins Sunday
Dhaka – The 4th Bangladesh Summit on Sustainable Development begins on Sunday to review the implementation and monitoring process of the Sustainable Development Goals (SDGs). The two-day Summit is being jointly organized by Secretariat of Global Citizens’ Forum on Sustainable…
IMF urges key G20 countries to spend more for growth
The International Monetary Fund (IMF) has warned risks to the global economy are growing, as it called on some G20 nations to boost government spending. Central bank chiefs and finance ministers from the world’s top 20 economies gathered in the…
No one can block Bangladesh’s march forward: Hasina
Dhaka-Prime Minister Sheikh Hasina on Thursday said no one will be able to thwart the pace of the country’s development by unleashing militancy.
Implementing the SDGs: The sooner the better
The first 1000 days after the adoption of the Sustainable Development Goals are critical, according to a report published last week, urging UN member states to take action quickly.“It’s a little bit like a pension,” Elizabeth Stuart of the Overseas…
Brexit delays London-Hong Kong commodities link
A planned link between commodities markets in London and Hong Kong has been put on hold because of the “uncertainty” caused by Britain’s vote to leave the European Union, the head of Hong Kong’s stock exchange said. Charles Li, chief…
Global warming may cost 20% of annual work hours in Southeast Asia
Thomson Reuters Foundation Jakarta – Rising temperatures caused by climate change may cost the world economy over $2 trillion in lost productivity by 2030 as hot weather makes it unbearable to work in some parts of the world, according to…
Bank of England must respond to Brexit shock
Britain’s new finance minister Philip Hammond declared Tuesday that it was up to the Bank of England to respond to the economic “shock” arising from Brexit. “The initial response to this kind of shock must be a monetary response by…
Oil prices down as Turkey fears ease, glut woes return
Oil prices extended their decline in Asia Tuesday as the global glut returned to focus, while worries about the effects of Turkey’s coup on shipments also eased. Turkey is a strategic conduit for shipments from Russia and Iraq to the…
Hong Kong shares start week flat
Hong Kong stocks started the week on a muted note Monday, opening marginally lower after clocking up five days of healthy gains. The Hang Seng Index edged down 5.87 points to 21,653.38. And the benchmark Shanghai Composite Index retreated 0.22…
Deals signed with ADB for improving city’s water supply system
The government on Sunday signed $275 million loan agreements with the Asian Development Bank (ADB) for improving and expanding the capital’s water supply system. Senior Secretary of Economic Relations Division (ERD) Mohammed Mejbahuddin and Kazuhiko Higuchi, Country Director of Bangladesh…
Bad year for Wall Street’s Golden Boy Ackman
For a Wall Street star once dubbed the “Baby Buffett,” Bill Ackman is having a pretty bad year. Huge bets on companies like Valeant and Herbalife have delivered steep losses to the flamboyant billionaire’s Pershing Square hedge fund. With some…
ADB to fund $275 million for safe water supply in Dhaka
The government will sign a $275 million agreement with the Asian Development Bank (ADB) next week to fund a project for ensuring supply of safe drinking water in the capital city. ERD Senior Secretary Mohammad Mejbahuddin and ADB Country Director…
Govt. set new target for FY 2016-17
Dhaka-The government set the country’s export target at $37 billion for the FY 2016-17, which is 8.06 per cent higher compared to export earning of the immediate past fiscal, said commerce minister Tofail Ahmed. “We achieved the target and earned…
Sustainable dev hinders economic recovery?
The global economic and employment situation is alarmingly protracted, with recovery not expected any time soon. In October 2012, then IMF chief economist Olivier Blanchard indicated he did not see a global economic recovery before 2016.Now, in mid-2016, it is…
Agenda 2030 – a new start towards global sustainability?
Related Documents 2016_spotlight_ch1_1.pdf By Jens Martens on behalf of the Reflection Group on the 2030 Agenda for Sustainable Development The 2030 Agenda for Sustainable Development adopted unanimously at the United Nations by world Heads of States and Governments in September…
Cabinet body okays 10 proposals involving Tk 1,494 cr
Dhaka-The Cabinet Purchase Committee on Wednesday approved a total of 10 proposals involving Tk 1,494 crore.
BD national report on SDGs: Hard to handle hurdles
GW Desk: Despite enormous geopolitical, political and socio-economic problems Bangladesh has been able to make some extraordinary achievements during the last couple of decades. Since the 1990s, when democracy was reinstated and some major economic reforms were made, the economy of…
Oil prices rise up but supply worries temper gains
Oil prices recovered Tuesday but stayed near two-month lows as increased US drilling, a strong dollar and hints of higher production by Iran and Libya brought worries about a global glut back into focus. The commodity has retreated since last…