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Economy

State of governance, economy abnormal: Dr Kamal

State of governance, economy abnormal: Dr Kamal

The situation of governance and economy of the country is now “abnormal”, said Gono Forum President Dr Kamal Hossain, urging for a constructive national dialogue to overcome the condition. “To institutionalise democracy, we need better education and the environment of the educational institutions ….. it is very much absent there,” he said. Dr Kamal, also...

2nd round of BCIM talks tomorrow

2nd round of BCIM talks tomorrow

The second round of discussions for the BCIM corridor, an economic silk route between Bangladesh, India, China and Myanmar, will begin tomorrow at Cox’s Bazar. The two-day meeting will discuss the scope and modalities of cooperation in sectors of goods and services, investment, energy, multimodal connectivity and sustainable development, a press release from Bangladesh...

Japan's third quarter recession deeper than estimated

Japan's third quarter recession deeper than estimated

Japan's economy shrank more than initially estimated in the third quarter of 2014, according to revised gross domestic product (GDP) figures. The economy contracted by 1.9% in annual terms from July to September, well above a preliminary reading of 1.6%. It also shrank 0.5% on a quarterly basis, compared with an initial estimate of 0.4%,...

Invest in women to drive economic growth

The government and businesses alike should invest in women and give them opportunities to help them contribute to the economy, a group of experts said yesterday. "Investing in women helps speed up the development of local economies and create more equitable societies," said Carmen Z Lamagna, vice chancellor of American International University-Bangladesh. She said economic development efforts to combat poverty can only succeed if women are part of the solution. "Doing so yields a double dividend: when women are economically empowered, they...

KNOT SO TRUE

The economy of a handshake

ONE was walking with his hands extended. The other had hands by his side. One had a slight smile on his face. The other one's expression came close to a grimace. Then they shook hands. And this is how the Chinese president, Xi Jinping, and Japan's prime minister, Shinzo Abe met at the Great Hall of the People, a grand reception hall just by the Tiananmen Square in Beijing at the Asia-Pacific Economic Cooperation (Apec) summit's economic leaders' meeting,...

Japan's economy dips into recession

Japan's economy dips into recession

Japan's economy unexpectedly shrank for the second consecutive quarter, marking a technical recession in the world's third largest economy. Gross domestic product (GDP) fell at annualized 1.6% from July to September, compared to forecasts of a 2.1% rise. That followed a revised 7.3% contraction in the second quarter, which was the biggest fall since the...

21 lakh school kids suffer for hartal

After inflicting mental strain on 21 lakh JSC and JDC candidates, making a dent in the economy, and causing sufferings to millions, the two-day countrywide hartal by Jamaat-e-Islami ends today, at 6:00am. Of the two days, the last 24-hour lap till 6:00am today was enforced protesting an International Crimes Tribunal's verdict on November 2, awarding the capital punishment to Jamaat moneyman Mir Quashem Ali for crimes against humanity in the 1971 Liberation War. The preceding 24 hours till 6:00am Thursday were...

Tax returns deadline extended till Nov 30

Tax returns deadline extended till Nov 30

The National Board of Revenue (NBR) has extended the deadline for submitting income tax returns until November 30 this year. The decision was taken following written requests submitted by several businesses’ and professional bodies, said Syed MA Momen, public relations office of the NBR, today. According to him, many people could not file their tax...

India bans first-class air travel for officials

India bans first-class air travel for officials

India's government has banned first class air travel for bureaucrats, meetings in five-star hotels and purchases of cars in a series of tough austerity measures. The moves are aimed at achieving a fiscal deficit target of 4.1% of the gross domestic product for this year. India's economy has slowed in recent years, growing by 4.7%...

PLEASURE IS ALL MINE

Economy: Not rocket science

LIKE photo-graphy, economy cannot lie. It reads like an open book. We feel it in our daily grind. We suffer in or gain from it. On balance, it adds to or deducts from our future. Such is the power economy holds on our lives. When billions go down the drain through cracks of the state-owned banking sector and a new-genre exploitative financial sub-sector, it is the depositors who are hardest hit. Confidence in the financial system dwindling, an important building...

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