Economy

NEW YORK, Jan 21 2020 (IPS) – Inequality is growing for more than 70 per cent of the global population, exacerbating the risks of divisions and hampering economic and social development. But the rise is far from inevitable and can be tackled at a national and international level, says a flagship study released by the UN on Tuesday. Read More »

By Thalif Deen UN, Jan 22 2020 (IPS) – UN Secretary-General Antonio Guterres declared last week that the United Nations just “managed to survive its deepest financial crisis in a decade.” Read More »

by Frank Hoffer on 22nd January 2020 A serious discussion of ‘just transition’ must break with a social model based on individual utility maximisation—before it breaks the biosphere. Read More »

By Pierpaolo Grippa, Jochen Schmittmann, and Felix Suntheim WASHINGTON DC, Jan 16 2020 (IPS) – Climate change is already a reality. Ever-more-ferocious cyclones and extended droughts lead to the destruction of infrastructure and the disruption of livelihoods and contribute to mass migration. Read More »

Dhaka, Jan 22 – The demolition work on the Bangladesh Garment Manufacturers and Exporters Association building (BGMEA Bhaban) formally started on Wednesday. Read More »

By Peter Koenig The Belt and Road Initiative (BRI), also called the New Silk Road, is based on a 2,100-year-old trade route between the Middle East and Eastern Asia, called the Silk Road. It wound its ways across the huge landmass Eurasia to the most eastern parts of China. It favoured trading, based on the Taoist philosophy of harmony and ... Read More »

Dhaka, Jan 21- To Protect the greater interest of the common shareholders and the depositors of the corporate sector of the country, the High Court has appointed Ibrahim Khaled, former deputy governor of the Bangladesh Bank, as an independent director and chairman of the International Leasing and Financial Services Limited (ILFSL). Read More »

By Joseph Chamie NEW YORK, Jan 20 2020 (IPS) – Whenever the issue of population comes up, pro-growth demographic dogma invariably dominates. Governments, political parties, businesses, the media and many others typically praise population growth and lament population slowdown, stabilization or decline. The demographic dogma basically advocates maintaining robust population growth and a larger and youthful population. Read More »

y Estrella Durá Ferrandis and Irina de Sancho Alonso on 14th January 2020 @estrella_dura The New Deal was a social contract with the American people. A European Green New Deal must likewise enshrine social alongside ecological aspirations. Read More »

By Anis Chowdhury and Jomo Kwame Sundaram Sydney and Kualalumpur, Jan 7 2020 (IPS) – The latest November 2019 UBS/PwC Billionaires Report counted 2,101 billionaires globally, or 589 more than five years before. Earlier, Farhad Manjoo had seriously recommended, ‘Abolish Billionaires’, presenting a moral case against the super-rich as they have and get far, far more than what they might ... Read More »

Brahmanbaria, Jan 03 – Bkash scammers tricked a tea seller into sending them Tk 65,000 on Thursday night. Read More »

Bangladesh’s economy will surpass that of Malaysia, Hong Kong and Singapore with its presence as the 30th largest economy in the world by 2024, says a global report released by the Centre for Economics and Business Research (CEBR). Read More »

About 300 illegal establishments were demolished in eviction drives at different parts of Sreepur upazila. Read More »

Small- and medium-sized enterprises (SMEs) in Germany are “extremely pessimistic” about the country’s overall economic situation in 2020, showed a survey published by the German Association for Small and Medium-sized Businesses (BVMW) on Monday. Read More »

by Justine Doody on 19th December 2019 Despite rising employment in many western economies, poverty is not declining. What’s wrong with labour-market policies? Read More »

By Anis Chowdhury SYDNEY, Dec 17 2019 (IPS) – The social utility of billionaires’ existence has come under increased scrutiny, especially during the Democratic Party primaries for the 2020 US Presidential election. Leading newspapers, such as The New York Times, published opinion pieces arguing to abolish billionaires and reflecting on why billionaires engage in illegal insider trading. Read More »

by Liina Carr on 16th December 2019 @liina_carr The principle of ‘sustainability first’ should become the golden thread unifying all EU actions. While recent Fridays for Future and Extinction Rebellion actions have heightened the focus on climate change, sustainability is not just about the environment. In calling for climate justice, trade unions demand a far-reaching transformation of the economy, a ... Read More »

Dhaka, Dec 14 – Claiming that the existing customs valuation system for new and reconditioned vehicles is discriminatory, Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) on Saturday urged the government to reform it. Read More »

Focus on jobs, gender, fragility, climate, and good governance Stockholm, December 13, 2019 — A global coalition of development partners announced today their commitment to maintain momentum in the fight against extreme poverty, with $82 billion for the International Development Association (IDA), the World Bank’s fund for the poorest. The financing, which includes more than $53 billion for Africa, will ... Read More »

Manila, Philippines (12 December 2019) — The Asian Development Bank (ADB) has trimmed its forecasts for economic growth in developing Asia this year and next year as growth in the People’s Republic of China (PRC) and India is weighed down by both external and domestic factors. Read More »

By Thalif Deen UN, Dec 11 2019 (IPS) – The successful battle against climate change – which has triggered a rash of natural disasters, including floods, droughts and rising sea levels— will be predicated largely on the availability of financing. Read More »

Around 2,700 metres of Padma Bridge became visible after the installation of the 18th span at Majher Char in Jajira upazila of Shariatpur on Wednesday. Read More »

Mostafa Kamal Majumder The Workability International Asia will have its next annual general meeting on in Dhaka in November 2020, it was decided at a board meeting of the organisation held on 25-26 November at the Bangladesh Pratibandhi Kalyan Samity (BPKS) complex in the Dakhskin Khan area, on the Northeastern fringe of the metropolitan city of Dhaka. The programme was ... Read More »

Dhaka, Bangladesh, 7 December 2019 – We, the representatives of CSOs of South Asia convened the South Asia Peoples Forum on Sustainable Development 2019 in Dhaka, Bangladesh, on the occasion of Third South Asia Forum on the Sustainable Development Goals being organized by UN-ESCAP. Read More »

Sri Lankan Prime Minister Mahinda Rajapaksa said on Saturday that his government will firmly support and accelerate the development of the Colombo Port City project constructed by China to ensure that it will emerge as a new business hub in the island country. Rajapaksa visited the Colombo Port City along with Chinese Ambassador to Sri Lanka Cheng Xueyuan and other ... Read More »

8 December 2019 – SDGs – The international community has agreed truly ground-breaking frameworks to advance the rights of persons with disabilities, including in the context of development, but there remains a significant gap between these ambitions and the reality experienced daily by millions of persons with disabilities, UN Deputy Secretary-General Amina Mohammed told a conference in Doha on Saturday. Read More »

State Minister for Religious Affairs Sheikh Mohammad Abdullah on Thursday said Hajj management will be improved further in 2020. Read More »

Prime Minister Sheikh Hasina on Thursday opened four newly-completed   development projects, including the installation of solar panels in CHT’s remote areas and national data centre in Kaliakair and commissioning of five ships and one survey vessel for the Kaptai Lake. Read More »

The 17th span of the much-hyped Padma Bridge was installed on Tuesday afternoon, making 2.55 km of the bridge out of 6.15-km visible. Read More »

Dhaka, Nov 24 – Overseas investors have shown interest in ‘Bangla Bond, the first-ever Bangladeshi Taka-denominated bond listed on the London Stock Exchange (LSE) on November 11. Read More »