Dhaka, Sept 18 – Instead of hard-line stance, the government is going to settle the dispute over realising ‘unpaid dues’ from leading mobile operators Grameenphone and Robi through discussion.
Tag: finance
US leads donor funding to fight AIDS amidst overall decline
By Caley Pigliucci UN, Jul 19 2019 (IPS) – Since 2010, donor funding to fight HIV/AIDS in low-and middle-income countries has dropped significantly, according to a new report released recently.
Facebook and friends threaten to libralise the world
By Anis Chowdhury and Jomo Kwame Sundaram Sydney and Kuala Lumpur, Jul 16 2019 (IPS) – On 17 June, a Facebook white paper proposed a new global digital currency it plans to launch in the first half of 2020. The…
Global FDI flows fall for third consecutive year
Geneva, 13 Jun (Kanaga Raja) – Global foreign direct investment (FDI) flows fell by 13 percent in 2018 to $1.3 trillion, the third consecutive year of a decline in FDI, the United Nations Conference on Trade and Development (UNCTAD) has…
Deep clean: How ‘blue finance’ can save our oceans
The world’s oceans are running out of breath. In the past 50 years, we have lost nearly half our coral reefs and mangrove forests and the size of marine populations has halved. A third of global fish stocks are already…
World Bank Gr announces $200bn over 5 yrs for climate action
Funding for 2021-2025 includes a significant boost for adaptation and resilience Washington DC – December 2018 –The World Bank Group this week announced a major new set of climate targets for 2021-2025, doubling its current 5-year investments to around $200…
Global FDI flows fell sharply in first half of this year
Geneva, 18 Oct (Kanaga Raja) – Global foreign direct investment (FDI) flows fell by 41%, from US$794 billion in the first half of 2017 to an estimated US$470 billion in the first half of 2018, the UN Conference on Trade…
True cost of a plate of food around the world
How much would you expect to pay for the most basic plate of food? The kind of thing you might whip up at home – nothing fancy, just enough to fill you up and meet a third of today’s calorie…
People’s Global Confce vows wider movement against IMF-WB
The Peoples’ Global Conference (PGC) against the IMF-World Bank have successfully concluded their activities on October 13, 2018, despite the repressive actions of the Indonesia government of Joko Widodo in complicity with the IMF-World Bank. More than 150 individuals representing…
Effective watchdog to monitor BD Climate Change Trust Fund urged
Dhaka, Oct 11 – Members of parliament and representatives of government and non-government yesterday recommended the formation of a high powered representative commission led by the Prime Minister to ensure good governance in climate change funding.
Tk 800mn incentive announced for 690000 farmers
The government on Sunday announced a Tk 79.99 crore incentive for 6,90,970 farmers across the country, aiming to increase the production of 11 varieties of crops.
World Bank’s global growth forecast down to 2.4 percent
Dhaka-The World Bank is downgrading its 2016 global growth forecast by nearly a fifth, to 2.4 percent from the 2.9 percent pace projected in January.
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 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…
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…
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…
Global FDI flows rebound to reach $1.7 trillion
Geneva (Kanaga Raja) — Global flows of Foreign Direct Investment (FDI) jumped by 36% in 2015, reaching an estimated US$1.7 trillion, with the principal factor behind the global rebound being a surge in FDI targeting the developed economies, the United…
Yunus and Indian FM discuss finance for the poor
Nobel Laureate Professor Muhammad Yunus was invited by the Union Finance Minister of India Arun Jaitley for a one-on-one meeting in Davos on Thursday 21 January during the World Economic Forum.
EU grants 118m Euro to improve democratic governance
The European Union grants EUR 118 million (11 Crore 80 Lac Taka) for Civil Society Participation in Decision Making, Food and Nutrition Security, and Skills Development in Bangladesh The EU Development Cooperation Multiannual Indicative Programme (MIP) 2014-2020 aims at assisting…
Greece’s other deficit
Alessandro Galli Oakland – For the past decade, much attention has been paid to Greece’s public finances. And when, in November, the country faced the first review of its reform progress under its latest agreement with its creditors – an…
EU adopts record €1.1 billion humanitarian budget for 2016
Brussels – As global humanitarian needs are set to reach a historic high in 2016, the European Commission is stepping up its humanitarian budget to record levels. The European Commission on Thursday adopted its humanitarian aid budget for 2016. With…
New Govt pay scale with nearly 100 percent hike announced
The government has gazetted the new pay scale for public servants, dissolving selection grade and timescale. In September this year, the new pay scale was approved with a highest basic pay of Tk 78,000 and a minimum of Tk 8,250.…
‘Fair Tax Monitor Bangladesh’- evidence based advocacy tool
SUPRO, in collaboration with the Oxfam and the “Capacity for Research and Advocacy for Fair Taxation (CRAFT)” consortium recently conducted a study on ‘Fair Tax Monitor Bangladesh’ in line with two African countries: Senegal and Uganda with the objectives to…
Good governance, accountability must for SDGs: Prof. Wahiduddin
Eminent economist Prof Wahiduddin Mahmud on Saturday said good governance and accountability in public expenditure are a must for ensuring proper implementation of ambitious Sustainable Development Goals (SDGs) in Bangladesh. “To ensure the results of the development goals, accountably should…
BDF identifies priority areas of cooperation for development
Dhaka – The two-day Bangladesh Development Forum (BDF) 2015 ended in Dhaka on Monday with the government and the development partners pledging greater partnership in areas vital to achieve the targets set in the 7th Five Year Plan and the…
Bd Dev Forum highlights Govt’s economic agenda seeking support
Dhaka – A two-day Bangladesh Development Forum (BDF)-2015 began in the capital on Sunday with the government drawing attention of the development partners to its core development agenda, highlighting the economic achievements, macroeconomic indicators and the climate for investment, trade…
Bangladesh Dev Forum meet Sunday: 12b being sought
A meeting of the Bangladesh Development Forum (BDF) will be held in Dhaka to underscore the need for foreign funding to implement sustainable development goals. Prime Minister Sheikh Hasina will inaugurate the two-day meet on Sunday, Economic Relations Division’s Senior…
EU approves additional EUR 50 million for pry education
The European Commission has announced the approval of EUR 50 million to the primary education sector of Bangladesh. This funding under the 2015 budget is in addition to the ongoing EU contribution to the sector which makes the European Union…
Global “Millennium Goals” for the Islamic finance human capital space
Manama, Bahrain – The World Islamic Banking Conference (WIBC) 2015 will serve as a launching pad for a critical report by Simply Sharia Human Capital – the UK’s first recruitment and knowledge portal solely dedicated to Islamic finance. The report…
Electronic transfer of Sanchayapatra payout launched
Bangladesh Bank (BB) on Sunday launched the Electronic Fund Transfer (EFT) software for paying back the principal amount of different saving certificates on their maturity and the monthly interests incur against the certificates. “After launching the EFT software, people would…