Disquieting Trend in Job Market

Some 8.5 lakh women lost jobs in the industrial sector between 2013 and 2016-17 — a development that the Centre for Policy Dialogue has termed ‘truly disquieting’. It appears that many jobs were displaced for adoption of technology by factories after...

Foreign Loans Getting Costlier: BIBM

Increasing LIBOR rate and the appreciation of the greenback against the taka are putting pressure on Bangladeshi businesses that borrowed from foreign sources to meet their needs, according to a report of the Bangladesh Institute of Bank Management. If these pressures...

FICCI Seeks 5% Cut in Corporate Tax

The Foreign Investors’ Chamber of Commerce and Industry on Monday, April 02, 2018 urged the government to lower corporate income tax rate by 5 per cent in the upcoming national budget for 2018-19 fiscal and freeze the rate for at least three years. At a pre-budget...

Quest for a Cashless Society Continues

Electronic or digital payments have been growing steadily in Bangladesh for the last several years, thus helping the country to boost revenue collection and reduce currency printing costs. A total of 180 crore transactions worth nearly Tk 23 lakh crore, which is six...

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...

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...