Chinese Ambassador Ma Mingqiang has advised Bangladesh to promote itself in Beijing to woo investors. “Many Chinese people don’t have deep understanding about Bangladesh,” he said. “They consider Bangladesh a very close neighbour, but they don’t have understanding about the…
Nobel Laureate Dr. Muhammad Yunus, founder of Grameen Bank and the Grameen family of companies, is an inaugural member of its Board of Directors, and now serves as director emeritus. Grameen Foundation is headquartered in Washington, D.C., with offices in…
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…
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…
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…
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…
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…
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…
Ten farmers’ and rights based organisations termed the proposed budget for the year of 2015-16 as businessmen friendly not farmers friendly. The allocation for agriculture in the proposed budget for the incoming fiscal year is inadequate and suicidal for future…
Bangladesh, the world’s second largest apparel exporter, has blacklisted one of its buyers from the United States.Seduka Jeans Inc USA stands boycotted by the Bangladesh Garment Manufacturers and Exporters’ Association (BGMEA).The decision was taken after a request from the foreign…
Bangladesh Bank (BB) Governor Dr. Atiur Rahman made a presentation at the third Advisory Council Meeting of UNEP’s inquiry on ‘Design of a Sustainable Financial System’ held in Zurich, Switzerland on 05 May 2015. The meeting was attended by all…
In a panel discussion of spring meeting of World Bank events on illicit financial flows agenda held at Washington DC on 17 April 2015, has won the plaudits of Raymond WBaker, President, Global Financial Integrity (GFI), a non-profit, Washington based…
Bangladesh has suffered a financial loss of around $2.2 billion or around TK 17,150 crore in the current fiscal year especially over the last three months due to political turmoil, said the World Bank. The World Bank revealed the findings…
Hakim Md Yousuf Haroon Bhuiyan, Chief Motualli and Managing Director of Hamdard Bangladesh Ltd, has been elected director of Social Islami Bank Ltd (SIBL).
A new law has got the Cabinet’s final approval for imposition of a one percent surcharge on mobile phone usage. The Development Surcharge and Levy Act 2015 was cleared in Monday’s regular Cabinet meeting chaired by Prime Minister Sheikh Hasina.…
The International Monetary Fund (IMF) on Tuesday said the resurgence of unrest in recent months is taking a toll on the economy in Bangladesh and expects that the real GDP to grow by about 6 percent in the current fiscal…
The country’s foreign exchange reserve on Thursday set a new record hitting $23.03 billion on the positive remittance inflow. “The decrease in import also contributed to setting the new forex-reserve record,” according to a Bangladesh Bank press release.
Speakers at the inaugural ceremony have stressed for speeding up of the socioeconomic uplift in rural areas through strengthening unity and organisational activities of the local communities.
By Josh Butler U N, Feb(IPS) – Global youth unemployment may be “six or seven times” what the International Labor Organisation’s (ILO) latest figures state, due to what a youth advocacy group calls a flawed system of assessment. The ILO…
The economic loss to the countrywide ceaseless blockade and recurring shutdowns would be not less than Taka 75,000 crore, said the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). Reading out a statement here Sunday at the street protest…
A Joint Economic Commission (JEC) will be formed between Bangladesh and the European Union (EU) with a view to increasing mutual financial assistance. An EU delegation headed by its Ambassador Pierre Mayaudon informed Speaker of the House Dr Shirin Sharmin…
Besides massive internal corruption, the Office of the Comptroller and Auditor General (CAG) is hobbled by immense political pressure distorting its recruitment process, according to a new study of the Transparency International Bangladesh (TIB). It says politicians, including ministers, MPs…
The International Monetary Fund (IMF) has lowered its forecast for global economic growth for this year and next. The IMF now expects growth of 3.5pc this year, compared with the previous estimate of 3.8pc which it made in October. The…
By: Sandip Das New Delhi – In a bid to protect farmers from erratic weather pattern, the government has invited private insurance companies, along with state-owned Agriculture Insurance Company of India (AIC), for providing various products relating to crop, weather…
The committee, formed by the government for making recommendations to raise the salary of the armed forces, on Thursday in its report suggested a 100 percent salary hike fixing the minimum basic salary at Tk 8,200 while the maximum for…
Contradicting Finance Minister AMA Muhith’s stance on new pay hike for government employees Bangladesh Bank on Monday said that the new pay scales would have ‘an upward pressure’. The central bank has said, the reasons for inflationary pressure include the…
Flower farmers and traders at Godkhali in Jhikargacha upazila of the district are passing a busy time as their sale has got a boost ahead of the New Year’s Day.