Bangladesh may achieve 6.7 percent GDP growth in the ongoing fiscal year, says the Asian Development Bank (ADB). In its outlook for 2015 released on Tuesday, the lending agency said a stable political environment, public and private sector investment as…
Bangladesh economic growth is expected to go up slightly in the current fiscal year, due to strong domestic demand backed by better exports and remittances, says Asian Development Bank (ADB) yesterday. The bank in its latest outlook update for Asian…
Huge amount of Indian currency notes have been found in a container at the Chittagong port. The Indian currency notes were found in the container that arrived from the United Arab Emirates and was marked as loaded with home appliances.
Bangladesh Bank Governor Dr Atiur Rahman on Saturday said the central bank will mobilise a $7-billion fund for the country’s infrastructure development to accelerate the GDP growth from 6 percent to 8 percent, aiming to fulfill the nation’s dream of…
Although Bangladesh has already met targets of the Millennium Development Goals (MDGs), there are still areas that need greater attention including hunger-poverty reduction, employment generation and ensuring quality education at all levels. ‘Millennium Development Goals: Bangladesh Progress Report-2015’ published on…
Dhaka – Bangladesh’s National Economic Council (Ecnec) on Tuesday approved the proposed Chinese Economic & Industrial Zone to be set up on 774.25 acres of land at Anwara, Chittagong involving Tk 420.37 crore exclusively for Chinese investors. The approval was…
The draft of the 7th Five Year Plan (FY2016-FY2020), aiming to accelerate employment generation and reduce poverty, is now ready and awaits the Prime Minister’s suggestions. “The final draft of the 7th Five-Year Plan is ready and we’re awaiting Prime…
Government earned revenue of around Tk 112 crore as 14,5,92 unregistered motorcycles were forced to registered during on going drive against unregistered motorcycles by police across the country till September 5 from July 1 5. It was disclosed by Inspector…
The per capita external debt burden in the country stood at Tk 13, 160 on June 30 last, State Minister for Finance and Planning MA Mannan has said. MA Mannan disclosed the information in Parliament on behalf of Finance Minister…
By Gillian Mohney The self-styled Islamic State (IS) claims it is now minting its own gold coins and other currency, according to a lengthy propaganda video released Saturday by the militant group. Entitled “The Rise of the Khilafah and the…
Beijing, Aug. 26 – World markets experienced a “Black Monday” rout as anxiety over world economic prospects has been accumulated and fermented recently. Meanwhile, world currency and commodity markets have also been affected by the new round of fluctuation. Among…
The Maharashtra government is seeking the help of Nobel laureate Muhammad Yunus, the father of microcredit to introduce a microfinancing system for small and medium scale industries in the state, The Indian Express and The Hindu reported on Wednesday. State…
Visiting UK Minister of State for International Development Desmond Swayne on Tuesday said extrajudicial killings cannot be tolerated in any democratic country and called for bringing the ‘perpetrators’ to justice. “Bangladesh is a democracy, and it’s essential that democratic values…
By Siv O’Neall Yanis Varoufakis says about Europe: “A clueless political personnel, in denial of the systemic nature of the crisis, is pursuing policies akin to carpet-bombing the economy of proud European nations in order to save them.” (‘Yanis Varoufakis…
UN, Jul (IPS) – The U.N.’s highly ambitious post-2015 development agenda, which is expected to be finalised shortly, has come fire even before it could get off the ground. A global network of civil society organisations (CSOs), under the banner…
AID/WATCH, Australia has launched a campaign to oppose the corporate development agenda being promoted by multilateral agencies at the cost of peoples’ goals for sustainable development. A canpaign statement prepared by it has been circulatged worldwide for endorsement by people’s…
Agartala: The Centre has sanctioned Rs 1,000 crore for laying of 15.06 km long tracks to connect Indian Railways with Bangladesh through the North East. “We were informed by the Centre on Saturday that it has sanctioned Rs 580 crore…
Financial Stability Report 2014 was unveiled on Sunday by Governor Dr. Atiur Rahman of Bangladesh Bank (BB), in a ceremony held at Jahangir Alam Conference Hall of the bank. The program was chaired by Deputy Governor Shitangshu Kumar Sur Chowdhury…
Addis Ababa – There is no one-size, fits-all solution for financing for development, remarked Mr. Wu Hong Bo, United Nations (UN) Under-Secretary-General for Economic and Social Affairs and Secretary-General of the Third International Conference on Financing for Development (FfD3), in…
The former Greek finance minster has said his country’s economic reforms are “going to fail”, just as formal talks on a huge bailout are set to begin. In a BBC interview, Yanis Varoufakis said Greece was subject to a programme…
By Thalif Deen UN.Jul (IPS) – Despite high expectations, the third International Conference on Financing for Development (FfD) ended on a predictable note: the United Nations proclaimed it a roaring success while most civil society organisations (CSOs) expressed scepticism over…
Countries have agreed on a series of bold measures to overhaul global financial practices and generate investments for tackling a range of economic, social and environmental challenges at the United Nations Third International Conference on Financing for Development, held in…
Danielle Nierenberg Farmers are the backbone of resilient local and regional food systems, yet many are aging or retiring. The FarmLASTS Project at the University of Vermont estimates that 70 percent of farmland in the United States will change hands…
BNP Chairperson Khaleda Zia yesterday (Tuesday) submitted her written reply to the Money Loan Court-1 of Dhaka in a case filed for default of Dandy Dying Limited. Begum Khaleda Zia’s lawyer Ahmed Azam Khan submitted the written reply on her…
Greece’s parliament has backed a government package of economic reforms aimed at ending the country’s debt crisis and securing a new bailout. After winning cross-party support in a late-night vote, PM Alexis Tsipras said he had a “strong mandate” to…
Finance Minister AMA Muhith on Thursday listed job creation and private sector mobilisation as two major challenges towards implementing the Seventh Five Year Plan (FY16-FY20). “The number one challenge (for 7th FYP) is job creation and then the 2nd challenge…
The eurozone has given Greece until Thursday to present new proposals to secure a deal with creditors, and has called a full EU summit for Sunday. European Council President Donald Tusk said this was now the “most critical moment in…
Bangladesh is an untold story”- Bangladesh Bank Governor Dr. Atiur Rahman said to the delegation of Swiss Export Credit Agency (SERV) in a meeting in Zurich on 29th June. A high level delegation from SERV, General Manager of Foreign Exchange…
Speakers at a human chain programme on Sunday urged the government to increase allocation for the service sector as well as to stop money laundering to abroad and corruption before spreading the Tax Net. Pay special attention to the education…
BNP chairperson Khaleda Zia on Sunday night said Bangladesh’s friendship with any country must be based on equality and any country should use its land giving transit fee. “Friendship [with any country] is good, but it should be based on…