Economy to Stay Strong

The Global Economic Prospects, a flagship report of the World Bank Group, said activity in Bangladesh would grow at an average of 6.7 percent a year over fiscals 2018-2020, benefiting from strong domestic demand and strengthening exports. “Low interest rates and...

WB to Stop Financing Oil, Gas projects

The World Bank will stop financing oil and gas exploration and extraction from 2019, it announced Tuesday at a climate summit seeking to boost the global economy’s shift to clean energy. “The World Bank Group will no longer finance upstream oil and gas,...

Wealth Inequality a Threat to East Asia, Pacific: World Bank

A rapidly growing gap between rich and poor in many developing East Asian nations is threatening the foundation for the region’s economic success, the World Bank said. “The whole basis for East Asia’s success was this sense that everything was fair...

Newly Elected President and Vice President of FICCI (2017 – 2019)

The Executive Committee of FICCI (2017–19) has elected its President and Vice President for the period 2017 – 2019 on the day. Mr. Shehzad Munim and Mr. Kevin Lyon have been elected President and Vice President respectively for the term 2017 – 19. Mr. Shehzad Munim,...

Economy Grew 7.28pc in FY17

Bangladesh’s economy grew 7.28 percent in the last fiscal year, the highest in the country’s history. The development came after the Bangladesh Bureau of Statistics (BBS) updated the final estimate of the gross domestic product growth for 2016-17. In the...

Lives Changing for Better

Between 2000 and 2011, Afzal Hossain had to travel more than 300 kilometres to come to Dhaka from Rangpur every month to collect money from his wife Taslima Begum, who worked as a domestic help for a wealthy family in the capital. Two days would have gone by the time...

Accelerating Digital Inclusion

At the start of the twenty-first century, technology began levelling the playing field for entrepreneurs worldwide. Over the next decade, this flattening of the world’s economy continued with further advancements in technology. Today, there are more than 150...

Bangladesh Ranks 99th in Global Competitiveness Index

Bangladesh has been ranked 99th out of 137 countries in the latest Global Competitiveness Index published by the World Economic Forum. The country’s overall score was 3.9 (in a scale of 7), up from 3.8 last year when it was ranked 106th among 138 countries. The...

BoP Hits Deficit for First Time in 16yrs

Bangladesh’s balance of payments entered the negative territory for the first time in 16 years in July on the back of a wide mismatch in trade. The overall balance was $179 million in the deficit in the first month of fiscal 2017-18 against $480 million in the...