Economy

Riyadh, Xinhua/UNB, April 01 – The G20 Finance Ministers and Central Bank Governors agreed Tuesday on delivering a roadmap in response to the novel coronavirus. Read More »

Amid slump in export earnings, experts say another big shock lies ahead for Bangladesh economy as its remittance inflow, the life line for many rural families, is likely to shrink significantly in the coming months as a coronavirus fallout. They said almost all the destinations of Bangladeshi migrant workers from where they send money back home are grappling with coronavirus ... Read More »

The UN Conference on Trade and Development (UNCTAD) has called for a $2.5 trillion assistance package for developing countries, whose populations face unprecedented economic damage from the COVID-19 crisis. Read More »

Prime Minister Sheikh Hasina on Sunday asked the officials concerned to prepare a list of distressed people for providing government assistance so that they could face the tough time evolved over coronavirus pandemic. Read More »

The 27th span of the Padma Multipurpose Bridge was installed at Zazira point in Shariatpur today, making 4.05 km out of the total 6.15 km bridge visible. “The 27th span of the bridge was installed on the pillar number 27 and 28 at Zazira point around 9.20am,” said deputy assistant engineer of the bridge project Humayun Kabir told journalists Read More »

Dhaka, March 26 – As coronavirus has started taking its toll on the country’s economy alongside the public health, economists think the government needs to immediately work out a well-thought-out recovery plan and action programmes to tackle the toxic impact of the deadly disease. Read More »

Dhaka, March 25 – The Dhaka Chamber of Commerce and Industry (DCCI) has urged the government to bring together its global allies and partners in a coordinated endeavour in a bid to protect the people and economy from the adverse impact of coronavirus. Read More »

I want to draw everyone’s attention to time. It is running out fast. With every passing moment, we are losing the opportunity we still have. Read More »

By Isabel Ortiz and Thomas Stubbs NEW YORK and LONDON, Mar 23 2020 (IPS) – Austerity policies pushed by international financial institutions have weakened public health systems, despite current financial support packages, condemning many people to die. As health systems of East Asia, Europe, and the Americas buckle under the strain of coronavirus, developing countries are expecting an even higher ... Read More »

by Peter Bofinger on 23rd March 2020 @PeterBofinger Peter Bofinger argues MMT provides intellectual justification for a ‘whatever it takes’ fiscal response to potentially the biggest global postwar economic challenge. Read More »

The Asian Development Bank (ADB) on Wednesday announced a $6.5 billion initial package to address the immediate needs of its developing member countries (DMCs) as they respond to the novel coronavirus (COVID-19) pandemic. Read More »

Rajshahi Krishi Unnayan Bank (RAKUB) has disbursed Taka 1,613.85 crore agricultural loans in the country’s northwest (NW) region during the last eight months of the current 2019-20 fiscal year up by Taka 27.53 crore than the corresponding period of the previous fiscal. Read More »

A total of 417 stranded Bangladeshis, including eight infants, arrived at the Hazrat Shahjalal International Airport from Saudi Arabia’s Jeddah by a special flight of Biman Bangladesh Airlines on Tuesday afternoon. Read More »

Ceyla Pazarbasioglu The novel coronavirus (COVID-19) outbreak has already exacted a high cost in human life and has been recognized for what it is—a global health emergency. As the virus spreads around the globe, the question now is whether lives can be protected and economic harm can be contained. Read More »

Albena Azmanova The challenges of social and environmental injustice are as intense as ever. But which social forces can act as the agents of change? Read More »

DHAKA – Prime Minister’s Private Industry and Investment Adviser Salman Fazlur Rahman today hinted reducing the tax rate in the next national budget for 2020-2021 for expanding the trade and business across the country. “The government is thinking to expand tax net instead of increasing the tax rate. Side by side, the government is likely to reduce tax rate in ... Read More »

It okays a total of nine projects Dhaka, March 11 – The Executive Committee of the National Economic Council (Ecnec) on Tuesday cleared nine projects with an estimated total cost of Tk 24,113.27 crore, including Tk 17,777-crore Matarbari Port Development Project taken to enhance the country’s cargo handling capacity through the port. Read More »

Simon Wren-Lewis The human effects of the coronavirus are paramount. But what will be its impact on a medium-sized economy such as that of the UK? Read More »

By Jeffrey D. Sachs Thanks to the World Bank’s flawed and corrupt investment arbitration process, the rich are making a fortune at the expense of poor countries. The latest shakedown is a $5.9 billion award against Pakistan’s government in favor of two global mining companies for an illegal project that was never approved or carried out. Read More »

Brac has been ranked the world’s number one non-governmental organisation (NGO) of 2020 by NGO Advisor, an independent Geneva-based media organisation. Brac, a leading development organisation based in Bangladesh, retained its top spot in part due to its robust leadership and governance structure and continued commitment to systemic change. “We are deeply grateful and humbled to receive this accolade. 2020 ... Read More »

by Bethany Staunton on 5th March 2020 @StauntonBethany Migrant workers are by nature more diverse than the indigenous workers among whom they find themselves. Organising strategies need to be diverse too. Read More »

By Anis Chowdhury and Jomo Kwame Sundaram SYDNEY and KUALA LUMPUR, Mar 4 2020 (IPS) – As the outbreak of the novel coronavirus COVID-19 threatens a global pandemic, major stock markets around the world have suffered their worst performance since the 2008 financial crush. Read More »

There has been little honest reflection within the European Commission about the eurozone crisis. Until now. Read More »

Share prices in Asia bounced back Monday from last week’s retreat, with mainland Chinese indexes gaining more than 3% as data showed progress in restoring factory output after weeks of disruptions from the viral outbreak. Read More »

By 2030, up to two-thirds of the world’s extreme poor will live in fragile and conflict-affected situations, threatening to reverse development gains. The World Bank Group’s strategy aims to enhance its effectiveness on the ground by scaling up financing, tailoring operations and deepening partnerships to invest in people, secure peace and promote prosperity. Read More »

Dhaka, Feb 26 – The Appellate Division of the Supreme Court (SC) on Wednesday upheld a High Court (HC) order directing the government to seize bank accounts and passports of 20 people of the shareholder directors and top executives of International Leasing and Financial Services Limited (ILFSL). Read More »

The National Economic Council (NEC) on Tuesday approved the country’s 2nd Perspective Plan 2021-2041, aiming to make Bangladesh a higher-income and developed country by 2041. Read More »

Geneva, 21 Feb (Kanaga Raja) — High individual and household debt, which accounts for a significant portion of private debt in most countries, has been associated with inequality, macroeconomic instability, unsustainable sovereign debt and financial crises. Read More »

Prime Minister Sheikh Hasina on Monday sought more Japanese investment in power and energy sector of the country to meet the growing demand of electricity. Read More »

The government loses Tk 10,000-12,000 in revenue every year as the cable operators are not digitised their services, said Information Minister Hasan Mahmud on Sunday. Read More »