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Economy

Flash flood forecast system launched in Bangladesh

A flash flood forecast system launched in Dhaka last week is expected to help about three million farmers in Bangladesh. The new project is designed to reduce the impact of climate change on rural women and men living in haor wetland communities. farmersThe National Start-up Workshop for the Climate Adaptation and Livelihood Protection Project (CALIP) was attended by representatives of the Bangladesh Government, the International Fund for Agricultural Development (IFAD), the Local Government Engineering Department (LGED) and international cl...

Saudi to allow recruitment from Bangladesh

The Ministry of Labor will soon overturn a two-year-old ban on the recruitment of Bangladeshi manpower, and will allow private companies to hire nationals from that country, Al-Riyadh daily has reported, quoting sources close to the ministry. [caption id="attachment_12580" align="alignleft" width="300"]bd-minister-in-KSA-compressor Labor Minister Adel Fakeih (right) receives visiting Bangladesh Minister for Expatriates’ Welfare and Overseas Employment Khandker Mosharraf Hossain and his delegation in Riyadh last...

IDB assistance to hit $ 880m this FY

The approved assistance from the Islamic Development Bank (IDB) to Bangladesh is likely to reach $ 880 million against eight projects in sectors like human resource development and vocational training in the current fiscal year (2014-‘15). idbOut of the expected assistance, the Jeddah-based lending agency has recently agreed to come up with project assistance worth $ 115 million to Bangladesh in two projects to support low-cost housing and water supply and sanitation in the country’s selected municipalities, said officials at the Economic Relations Div...

Bankers, taxmen pocket taxpayers’ pay orders  

A probe body has found out the connivance of bank and tax officials in alleged forgery of pay-orders submitted by taxpayers to the national exchequer. Lax monitoring and reluctance of the authorities concerned are largely blamed for the daring defalcation. The investigation committee has detected that neither the bank officials nor the taxmen had followed their respective procedures of acceptance and depository of the pay-orders, causing embezzlement of taxpayers’ money. bangladesh_bankA vested quarter has pocketed the money t...

BB to continue ‘cautious’ monetary policy for H2  

The Bangladesh Bank (BB) will continue its existing ‘cautious’ monetary policy for the second half (H2) of the ongoing fiscal year (FY) 2014-15 with an aim to maximise economic growth by curbing inflationary pressure on the economy. “The cautious monetary policy stance of H1 FY 15 will remain unchanged in H2 of FY15 without any new loosening or tightening,” BB Governor Atiur Rahman said while formally announcing the monetary polity statement (MPS) for the January -June period of this fiscal at a press conference held at the central bank headquarters in Dhaka Thursday. BB gover... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

Bangladesh ranked 2nd with 7pc GDP growth: IMF  

Bangladesh ranked at second place in the top 10 of growth rate with 7 percent GDP, according to IMF report. bangladeshAccording to an IMF projection Bangladesh will record the second highest growth in the world in 2019 with 7%. Iraq will top the list that year with 9.2% growth. The report only includes countries with a GDP worth over $100 billion (Tk7.8 lakh crore). Qatar topped the list in 2010 and 2011 to be replaced by Iraq in 2012. Ranging back to 2002, the graph shows Bangladesh among the top growers in 2012 with 6.1%. The follo...
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