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Tag Archives: finance

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 Libra will be managed by a ‘not for profit’ Swiss-based Facebook-led consortium of ‘for-profit corporations’, with Uber, eBay, Lyft, Mastercard ... Read More »

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 said. In its World Investment Report 2019, UNCTAD said that the decline was mainly due to large-scale repatriations of accumulated ... Read More »

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 depleted. If trends continue, it is estimated that there will be no stocks left for commercial fishing by 2048 in ... Read More »

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 needs. A soup, maybe, or a simple stew – some beans or lentils, a handful of rice, bread, or corn? Read More »

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 93 organizations from at least 18 countries participated in decentralized programs and activities of the PGC to reflect on and ... Read More »

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 Bermuda and the Cayman Islands. The biggest tax dodger is technology giant Apple, with $181 billion held offshore. General Electric ... Read More »

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 Parliamentary Affairs Ministry Suranjit Sengupta presented the reports in the House after scrutiny of the bills. Read More »

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 Monday, said successful implementation of reforms will help Bangladesh increase exports and capture more jobs from China’s gradual exit from ... Read More »

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 the city’s Sher-e-Bangla Nagar with ECNEC chairperson and prime minister Sheikh Hasina in the chair. Planning minister A H M ... Read More »

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 Nations Conference on Trade and Development (UNCTAD) said on Wednesday. In its latest Global Investment Trends Monitor (No. 22 dated ... Read More »

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 Bangladesh in promoting a more equitable growth and improving democratic governance. Read More »

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 exercise required to obtain a new infusion of bailout funds – its budget deficit was put under the microscope once ... Read More »

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 nearly €1.1 billion as an initial allocation, it is the highest EU humanitarian budget for life-saving relief in man-made and ... Read More »

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. It allowed an across-the-grade hike ranging from 91 to 101 percent. The basic pay for officers and other employees and ... Read More »