Bank of England governor Mark Carney has defended his intervention in the debate over the UK’s membership of the European Union. Mr Carney warned on Thursday that a UK vote to leave could cause a recession – sparking calls for…
Category: Economy
BD, Sahel countries share experience on population policy
Dhaka – A High-level South-South Exchange on Population Policy and Reproductive health between Bangladesh and Sahel countries in Francophone Africa kicked off on Saturday afternoon at the Lake Shore Hotel, Dhaka. The week-long international knowledge sharing conference will end on…
IFAD-funded projects help improve lives of India’s rural poor
New Delhi, 12 May 2016 – Development projects supported by the International Fund for Agricultural Development (IFAD) in India have been effective in reducing poverty and improving the livelihoods of rural poor people, according to an independent evaluation report presented…
Yunus links rule of law and poverty eradication, joins EDLO
Rome – “The underlying issues that the poor face in the finance sector can teach us valuable lessons for the justice sector: in many places, the law serves only the people who can afford it,” said Professor Muhammad Yunus, who…
Terror, pol instability, energy crisis barriers to foreign investment: EU
Dhaka – Bangladesh is now most attractive and safe place for investment Commerce Minister Tofail Ahmed said Thursday. The government has offered several special motivation packages for foreign investors to invest in Bangladesh, the minister said at a meeting with…
Khokon coming good on free Wifi promise for DSCC
Dhaka South City Corporation Mayor Sayeed Khokon has formally inaugurated the first of 50 promised ‘hotspots’ – limited zones offering free WiFi internet paid for by the city corporation – in the areas covered by DSCC. Dhaka, UNB News Agency…
US corporate tax hiding $1.4 trillion in offshore accounts profits
By Patrick Martin A report issued Thursday by the British charity Oxfam found that the 50 largest US corporations are hiding $1.4 trillion in profits in overseas accounts to avoid US income taxes, much of it in tax havens like…
BD actively considering TFA ratification: ICCB
Bangladesh is ‘actively considering’ to ratify the Trade Facilitation Agreement (TFA) to allow an easy flow of goods and lowering the costs of doing business across borders. “In order to become middle income country by 2021, Bangladesh has to ensure…
Highest in tax payment, yet under NBR scanner!
The National Board of Revenue (NBR) has prepared a list of 50 highest taxpayers in its each tax zone and deeply monitor whether they properly paid taxes or not. “We have already started the process,” a senior NBR official told…
Dhaka, Kuwait agree on economic cooperation?
Dhaka – Bangladesh and Kuwait on Wednesday pledged to work together against the twin dangers presented by terrorism and extreme violence to the Muslim community worldwide, besides reaching agreement over a wide-ranging agenda of economic cooperation. The two countries also…
BD Parliament panel reports on bills to increase President, PM’s remuneration
Dhaka – The parliamentary standing committee’s reports on five bills related to the rise of remuneration and privileges for the President, Prime Minister, Speaker, Ministers and MPs were presented today. Chairman of The Parliamentary Standing Committee on Law, Justice and…
Cargo owners call off strike
The cargo owners who went on an indefinite strike demanding rational fixation of workers minimum wage withdrew their strike on Monday upon the government’s assurance of meeting their demand. “As Shipping Minister Shajahan Khan have assured us that a committee,…
Increased BD apparel exports can create more jobs: WB reports
Increased appeal exports could create more and better jobs in Bangladesh if the country makes improvement in productivity and product quality by enforcing a better safety condition and other compliance policies, said a World Bank report. The report, released on…
Denmark okays 5-year dev partnership with Bangladesh
Dhaka – Danish Minister for Foreign Affairs Kristian Jensen has approved a five-year programme for Denmark’s development partnership with Bangladesh, unb news agency reported. The programme is aligned to the Bangladeshi government’s 7th Five Year Plan that sets out the…
Saudi Arabia outlines reform move away from oil reliance
Riyadh (AP/UNB) – Saudi Arabia on Monday approved a long-awaited plan laying out reform priorities for the next decade and a half, setting in motion what is likely to be a period of significant economic change in the oil-rich kingdom.…
The war on savings: the Panama Papers, bail-ins, and the push to go cashless
By Ellen Brown The bombshell publication of the “Panama Papers,” leaked from a Panama law firm specializing in shell mpanies, has triggered both outrage and skepticism. In an April 3 article titled “Corporate Media Gatekeepers Protect Western 1% From Panama…
NBR collecting private firm employees’ data
Dhaka – The National Board of Revenue (NBR) is collecting list of names and salary statements of officials and employees of the private sector organizations, sensing it could fetch considerable amount of revenue from there.
CPD pleads for pragmatic budget
Dhaka – , Centre for Policy Dialogue (CPD) a leading think-tank has suggested preparing the next budget with a more realistic approach so most of the fiscal policies could be implementable. The think-tank, also attached priority to four areas to…
Next budget likely to be of Tk3,40,006 crore
Dhaka – With its focus on human resource development, employment, power and energy sector, the government is likely to come up with around Tk 3,40,006 crore budget for the next fiscal year (2016-17), unb news agency has reported. To be…
Burj Khalifa builder plans taller viewing tower
Dubai – Dubai is reaching for the sky once again, with the developer of the world’s tallest building vowing Sunday to build an even taller tower bedecked with rotating balconies and elevated landscaping inspired by the mythical hanging gardens of…
GDP growth set to hit seven percent: Minister
Dhaka – Bangladesh is set to overcome its six percent GDP growth ‘trap’ as its economy will grow by 7.05 percent at the end of the current fiscal year as per a provisional estimate. “This is a matter of pride…
PM opens part of Dhaka Moghbazar-Mouchak Flyover
Dhaka – Prime Minister Sheikh Hasina on Wednesday inaugurated of the first part of the ongoing Moghbazar-Mouchak Flyover Project from Satrasta to Ramna thana point. She opened the 2.11-km part of the 8.7-km flyover to traffic through unveiling a plaque.
ECNEC okays eight projects with TK 1,442cr
The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved eight development projects involving Taka 1,442 crore. The approval came at the 25th meeting of the ECNEC in the current fiscal held at the NEC conference room in…
Chinese President for further synergizing Dhaka-Beijing ties
Dhaka – Chinese President Xi Jinping has said his country wants to further ‘synergize’ Bangladesh-China’s development strategies under the framework of the ‘Belt and Road’ initiative, UNB News Agency reported. “I attach great importance to China-Bangladesh relations. I’m willing to…
SDG indicators challenged by many UN member states
By Bhumika Muchhala UN Member States voice serious concerns at the Statistical Commission’s adoption of the global indicator framework for the Sustainable Development Goals While the “global indicator framework” for the 2030 Sustainable Development Goals (SDGs) was adopted by the…
Ensuring Africa’s continued rise
Ngozi Okonjo-Iweala Lagos – Africa’s rise is in danger of faltering. After years during which the continent’s economy grew at an average annual rate of 5%, global uncertainty, depressed commodity prices, and jittery external conditions are threatening to undermine decades…
Green Climate Fund adopts information disclosure policy
New Delhi (Indrajit Bose) — The Green Climate Fund’s Board adopted a comprehensive Information Disclosure Policy at the 12th Board meeting in Songdo, South Korea, held from 8-10 March. This included the decision to webcast live the Board’s meetings until…
Nepal president wants self-reliant economy for sustainable dev
Kathmandu – President Bidhya Devi Bhandari has stressed on the need for a self-reliant economy for sustainable development considering the adverse impacts of natural disasters like earthquakes, floods and landslides on businesses and thereby on the country’s economy as a…
BD projects funded by Queen’s Young Leaders Programme
Three projects from Bangladesh are among a unique set of organisations to receive a Queen’s Young Leaders Programme Grant to support their work transforming the lives of young people. Grants have been awarded to ActionAid’s Firestarter Initiative, JAAGO and Bangladesh…
Curb illicit financial flows to progress on human rights: Expert
Geneva (Kanaga Raja) – Curbing tax-related illicit financial flows has the potential to make the largest fiscal impact and would enlarge domestic resources available for the realization of human rights, including social, economic and cultural rights, a UN human rights…