Kristalina Georgieva, Gita Gopinath, and Ruchir Agarwal | 2021-05-26 00:00:00
Many countries have stepped up in the global fight against the pandemic, as have institutions such as the World Health Organization, the World Bank, Gavi (the Global Alliance for Vaccines and Immunization), the African Union, and others.Yet, more than a...
Caroline Freund and Carolina Sánchez-Páramo | 2021-05-26 00:00:00
The relationship between trade, growth and poverty reduction is unequivocal. From 1990 to 2017 developing countries increased their share of global exports from 16 per cent to 30 per cent. At the same time, extreme poverty plunged from 36 per...
Shu Tian, Donghyun Park, and Mai Lin C. Villaruel | 2021-05-26 00:00:00
There is evidence of a positive link between sustainable behaviour and financial return which will likely drive the continued growth of green and social finance.Over the past decade, sustainable finance has become a prominent feature of global finance around the...
Stephen Olson | 2021-05-25 12:00:00
With little more than two months on the job, US Trade Representative (USTR) Katherine Tai has already staked out the most ambitious pro-environmental trade policy in the United States (US) history. For decades, the prevailing view had been that trade...
Doulot Akter Mala | 2021-05-25 00:00:00
Some major industrial goods including MS (mild steel) products, mobile phone, scrap and ship scrap are set to get waiver from payment of Advance Tax (AT) in the upcoming budget for the fiscal year (FY) 2021-22.Official sources said AT collected...
MOHAMMAD MUFAZZAL | 2021-05-25 00:00:00
As many as 27 scheduled banks have so far invested Tk 14 billion in the stock market under the special fund, formed under the central bank's initiative to support the ailing market, officials said.The Bangladesh Bank (BB) officials said those...
ISMAIL HOSSAIN | 2021-05-25 00:00:00
Carrier- or network-locked handsets are going to hit the country's market soon for the first time ever under a joint collaboration between mobile network operators (MNOs) and mobile handset manufacturers.The collaborative scheme is going to sell 4G handsets at affordable...
Hasnat M. Alamgir and Tahmina Khanam | 2021-05-25 00:00:00
Labour migration has been integral to the economic and social development of Bangladesh since its birth. Initially, it was pioneered at the individual level who explored job opportunities at different parts of the world and later it was encouraged at...
Abdur Rahman Chowdhury from Falls Church, Virginia, USA | 2021-05-25 00:00:00
In November 2015, this scribe wrote in the Daily Times, Lahore that Israel's continued expansion of settlements in occupied territories, the building of security wall in the middle of Palestinian area, frequent closure of the border crossing, withholding revenues of...
So Jeong Lee, Suriyan Vichitlekarn, and Ruhimat Soerakoesoemah | 2021-05-25 00:00:00
As the world enters its second year of living with the Covid-19 pandemic, the focus has shifted from containing the spread of the disease towards recovering from socio-economic disruptions. Covid-19 recovery frameworks have been articulated throughout much of the last...
DOULOT AKTER MALA | 2021-05-24 00:00:00
The National Board of Revenue (NBR) has decided to request the port authorities to collect their fees and charges through e-payment system so that the importers and exporters can enjoy the facility.The customs wing in a recent meeting took the...
SIDDIQUE ISLAM | 2021-05-24 00:00:00
The central bank has decided to form a refinancing fund worth Tk 1.0 billion to facilitate the bus owners to implement the bus route franchise (BRF) system for easing traffic congestion in the capital.The decision was taken at a board...
Shamsul Huq Zahid | 2021-05-24 00:00:00
Finance minister Mr Mostafa Kamal's recent statement that the budgetary scope to legalise black money would continue as long as the menace exists in the economy has given rise to a bit of hullabaloo. Many have taken an exception to...
Chady El Khoury, Jiro Honda, Johan Mathisen, and Etienne Yehoue | 2021-05-23 00:00:00
Governments around the world are playing a crucial role in providing lifelines to people and firms to help combat the pandemic and its economic fallout. To support the effectiveness of these efforts, it is important that such spending be subject...
NAZIMUDDIN SHYAMOL | 2021-05-22 00:00:00
CHATTOGRAM, May 21: Capital dredging of Karnaphuli River restarted with local equipment last month after dredging with imported dredgers faced obstacles as the riverbed was filled with plastic wastes and other hard objects last year.Coronavirus outbreak had also halted dredging...
REZAUL KARIM | 2021-05-22 00:00:00
The Microcredit Regularity Authority's (MRA) plea for VAT (value-added tax) exemption on the income of micro-finance institutions (MFIs) has remained frozen for more than three years for bureaucratic tangle.The MRA in 2018 proposed that financial institutions division (FID) take steps...
BABUL BARMAN | 2021-05-22 00:00:00
Stocks extended rally in the outgoing week with the core index of the major bourse soared 558 points in the past six straight weeks as banking sector kept shining.Market operators said investors are hopeful about the market as stocks have...
Tapash Chandra Paul | 2021-05-22 00:00:00
The Covid-19 pandemic has caused severe and protracted disruptions to the livelihoods of people all around the world, both in developing and developed countries and also in the banking arena of countries. The outbreak is causing widespread concern and economic...
Nilratan Halder | 2021-05-22 00:00:00
This is the time for local flowers to run riot. None of these flowers is ranked high and far removed from rose, the queen of flowers, tulip, daffodil, gladiolus or even the local selects such as rajanigandha, beli and shefali....
Abebe Aemro Selassie and Andrew Tiffin | 2021-05-22 00:00:00
Imagine you're a policymaker in sub-Saharan Africa. You've been charged with lifting your country out of the worst health crisis in living memory, and nobody around you knows when it will end-the second wave that gripped the region earlier in...
Syed Fattahul Alim | 2021-05-22 00:00:00
The current provision of legalising undisclosed fund, or black money, may come to an end from the next fiscal year. Finance ministry officials are learnt to have been instructed not to include the provision of whitening undisclosed money by paying...
REZAUL KARIM | 2021-05-21 00:00:00
A move is underway to provide Tk 5.0 billion worth of stimulus to state-owned Palli Sanchay Bank (PSB) to help meet its liquidity shortfall, sources said.To this end, an inter-ministerial meeting has been held at the Financial Institutions Division (FID)...
SIDDIQUE ISLAM | 2021-05-21 00:00:00
Bangladesh's trade deficit widened by more than 20 per cent in the first nine months of the current fiscal year (FY) because of rising import payment pressure on the economy, officials said.The trade deficit with the rest of the world...
Shamsul Huq Zahid | 2021-05-21 00:00:00
The size of the Annual Development Plan (ADP) for the upcoming fiscal year 2021-22, which was approved by the executive committee of the national economic council (ECNEC) on Tuesday last, is in line with suggestions made by most economists. It...
Asjadul Kibria | 2021-05-21 00:00:00
The presence of a sizeable volume of black money is a harsh reality in Bangladesh like many other developing countries. That is why the debate on the issue of whitening black money has been rather frequent here. The debate usually...
Helal Uddin Ahmed | 2021-05-20 12:00:00
The partial lockdown enforced throughout Bangladesh since April in the wake of a second wave of Covid-19 pandemic is undoubtedly having a choking effect on the country's economy. Those who work in the services and manufacturing sectors appear to be...
MUNIMA SULTANA | 2021-05-20 00:00:00
The newly-built Katchpur, Meghna and Gumti bridges on the Dhaka-Chattogram highway received an award from Japan Society of Civil Engineers (JSCE).According to the JSCE website, the construction and retrofitting project of the three bridges was selected in category II for...
Siddique Islam | 2021-05-20 00:00:00
The central bank has decided to extend authorised dealer (AD) licences to the central trade processing centre (CTPC) of banks for ensuring proper reporting, monitoring and supervision on foreign trade, officials said.The Bangladesh Bank (BB)'s latest move came against the...
Mahmudul Hasan Niaz | 2021-05-20 00:00:00
Until recently, the idea of incorporating the entire NCTB syllabus of class XI and XII in a single app seemed to be an extremely difficult task. But proving this perception wrong, Prottoy app has evolved with its motto of "Click....
SIDDIQUE ISLAM | 2021-05-20 00:00:00
The inflow of remittance into Bangladesh grew by 18.4 per cent to US$21.7 billion in 2020, defying the gloomy projections and inspite of the ongoing Covid-19 pandemic globally.This growth in inward remittances from Bangladeshis working abroad in the last calendar...
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