The government is likely to set a 6.0 per cent GDP (gross domestic product) growth target for the fiscal year, 2020-21, finance ministry officials say. The rate is 2.2 per cent lower than the original growth target of 8.2 per cent for the current fiscal year. A...
Google defines “globalization” as follows- Globalization is a process by which businesses or other organizations develop influence or start operating on an international scale. People have been trading across continents for centuries. The concept of globalization is nothing new. From time...
COVID-19 continues to spread on a global scale, and it’s now clear the virus’ symptoms reach beyond its unpredictable illness. The pandemic is both accelerating and exacerbating economic problems that already existed before the outbreak. For example, the US and China’s ongoing tit-for-tat trade war had already weakened...
Informal Sector Industry Skills Council (ISISC) has demanded an emergency fund for around 20 million people involved in informal sector in the wake of coronavirus outbreak. The council also urged the government to provide emergency loans with lower interest rate for the people, such as small entrepreneurs...
Commerce Minister Tipu Munshi on Wednesday said the garment industry will get loan on two percent interest as the government declared Tk 5,000 crore stimulus package for the export-oriented industries. “It isn’t a grant. The loan will have to be repaid within a certain period,” the minister...
Bangladesh chapter of Pacific Asia Travel Association (PATA) has predicted that overall tourism sector of the country would incur a loss of approximately Tk 97.05 billion from February to next June 2020 due to COVID 19 pandemic. “We have estimated the turnover of entire tourism sector, including...
Japan's largest mobile firm NTT DoCoMo is set to leave Bangladesh by selling its entire stake in Robi Axiata to Bharti International, raising questions about the country's telecom policies and regulatory regime. Once it secures DoCoMo's stake, Bharti will hold 31.31 per cent of the second largest...
শুধু জাতিসংঘ ও জাতীয় পর্যায়ের কর্মসূচিতে সরকার কিংবা বিশ্বনেতৃবৃন্দের আহ্বানে টেকসই উন্নয়ন অভীষ্ট (এসডিজি) পুরোপুরি অর্জন করা সম্ভব নয়। এই বহুমুখী উন্নয়ন অভীষ্ট অর্জন করতে হবে স্থানীয় জনগণ ও স্থানীয় নেতৃত্ব এবং স্থানীয় সম্পদ ব্যবহারের মাধ্যমে। সমাজের সর্বস্তরে স্বচ্ছ, কার্যকর ও জবাবদিহিমূলক প্রতিষ্ঠান গড়ে তুলতে হবে, যেখানে...
The coronavirus pandemic is expected to sharply slow growth in developing economies in East Asia and the Pacific as well as China, the World Bank said in an economic update today. The bank said precise growth forecasts were difficult, given the rapidly changing situation, but its baseline...
The Asian Development Bank (ADB) has approved $300,000 in emergency grant for Bangladesh in its first of the planned support that the lender is preparing to help the country's fight against the novel coronavirus pandemic. The grant will support procurement of health safety materials, including personal protective...