After 17 long years of growing cotton and vegetables on his farm in Uzbekistan, Abbas has decided to give up farming, a story of Radio Free Europe says. He says President Shavkat Mirziyoev's latest decree for Uzbekistan's tightly controlled agricultural sector will force him to become a subservient contract employee of...
The China-ASEAN Free Trade Area marks its 10th anniversary. As a most populous FTA, it has boosted regional economic connectivity as multilateral trade triumphs. Dongxing, a border city in southern China, offers a snapshot of promising cooperation between China and ASEAN in the next golden decade. At...
Growth in lending to the eurozone’s private sector slowed in November, the first month after the European Central Bank re-launched its controversial bond-buying scheme, data from the Frankfurt institution showed on Friday. Credit grew by 3.6 per cent year-on-year in November, a pace 0.1 percentage points...
The overall service quality of mobile phone operators worsened last year compared to the previous years, the telecom regulator said yesterday, blaming the carriers’ poor performance and unwillingness to buy sufficient spectrum due to higher prices. “It is true that call drop has increased and data speed...
Square Pharmaceuticals. The name itself rouses reliability. So it is natural to assume that its stock will be a safe option for retail investors. The reality though is quite different. Despite logging in double-digit growth year after year, its stock price is tanking for the last few months. So much that...
Almost all the banks posted higher operating profits in the just concluded year 2019 as the banks managed to expand their trade- and consumer-based business, but the high defaulted loans in the country’s banking sector remained a major concern. Bankers, however, said that the majority of the...
Hours before the year 2019 came to a close with horrid economic data, India’s finance minister Nirmala Sitharaman on Tuesday said that the government had shortlisted infrastructure projects worth Rs 102 lakh crores (over $1.4 trillion) that it would be spending on in the next five years,...
Anxiety gripped Ahmed Kabir the instant he learnt from the morning paper yesterday that the government has decided to fix a uniform interest rate for all types of deposits from April 1. Kabir had parked all his retirement benefits as fixed deposit receipts in banks after leaving...
The slowdown in its external trade might hurt the country's pace of economic growth in the current fiscal year. But a robust growth of workers' remittance is likely to act as counterweight in this regard. Bangladesh Bank (BB) made the observations in its 'quarterly' report, released...
Bangladesh Bank is set to raise the loan-deposit ratio by another 1 percentage point as it looks to reduce the interest rate for manufacturing sector and increase lendable fund of banks. At the same time, the finance ministry is taking a measure to bar government entities from...