• Wednesday, March 04, 2015

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Growth

HR managers should adapt to changing environment: analysts

Human resource managers will have to cope with changing scenarios to attract talented people, groom them and meet the company's expectations to drive growth, analysts said yesterday. Several changes are taking place in the workplace around the world, said Peter Wilson, secretary general of the World Federation of People Management Associations (WFPMA), a US-based global network of professionals in people management. “More and more women are joining the workforce. So, a male dominant workforce will have to make way for them....

Domestic air travel growth stutters

Domestic air travel growth stutters

Growth in domestic air travel slowed down last year mainly on the back of one of the major carriers' shift in focus to international routes.  Domestic air travel grew 5 percent year-on-year in 2014, in contrast to 10 percent growth recorded for the previous year by the Civil Aviation Authority, Bangladesh. Last year, 680,420...

Govt plans to trim growth target as blockade bites

Govt plans to trim growth target as blockade bites

The government plans to revise down its economic growth target for the current fiscal year as the ongoing countrywide blockade and the associated violence have continued to hit the economy hard. “We will have to revise it because of the current situation. The revision exercise has already begun,” Finance Minister AMA Muhith told reporters at his secretariat office yesterday. The government had earlier targeted 7.3 percent economic growth for the current fiscal year. The World Bank forecast that the economy would grow by 6.2 percent this fiscal year, while the Asian Development Bank said the growth would be 6.4 percent. The central bank last week also said the GDP growth would...

New monetary policy for 15.5pc private credit growth

New monetary policy for 15.5pc private credit growth

Bangladesh Bank has announced the monetary policy for the first half of 2015 with the “cautiously restrained” monetary policy stance of the latter half of 2014. Private sector credit will have space for 15.5 percent growth, a substancially higher level than that of the 12.7 percent November 2014 level, BB governor Atiur Rahman said...

Pacific Jeans aims for higher growth

Pacific Jeans aims for higher growth

Keenly watching his father's work at their family business forms a major part of his childhood memories. But even then, Syed M Tanvir, a director of Pacific Jeans Ltd, said becoming a successful entrepreneur was not an easy task. “It took a lot of hard work and innovative ideas to come to this stage,”...

Global finance leaders pledge bold efforts

Global finance leaders pledge bold efforts

World financial leaders on Saturday promised "bold and ambitious" action to boost a global recovery that has shown recent disturbing signs of weakness. That pledge from the International Monetary Fund's policy-setting committee comes after a week of stomach-churning swings in the financial markets triggered by growing fears that parts of Europe could be in...

India's growth hits two year high

India's growth hits two year high

India's economy grew by 5.7 percent in the three months to June, its fastest pace in two-and-a-half years, according to an official estimate. The economy was helped by strong growth in electricity, gas and water supply, and financial services, the Ministry of Statistics said. The growth figure was higher than analysts had been expecting. India's new...

Growth and governance: Making the transition

ONE striking feature of the results of the last Secondary School Certificate examinations may have escaped our attention. Nearly 10% of more than a million successful candidates secured the highest grades, leaving no way of identifying the top 1% or even the top 5%. Evidently, a deliberate policy of grade inflation in public examinations is undermining the merit system. This phenomenon is perhaps symptomatic of a decline in meritocracy, with a concomitant rise of mediocrity, in all aspects of...

India unveils 'budget for growth'

India unveils 'budget for growth'

India's new government is promising to bring back higher growth, with a budget including more scope for foreign investment, spending on infrastructure and a goods and services tax (GST). The finance minister also indicated there were plans to limit expensive but popular subsidies on food and fuel. India's economy has slowed in recent years, growing...

Growth: Can this budget help it leap?

Growth: Can this budget help it leap?

THE recent announcement of the fiscal budget has triggered a wave of opinions countrywide. Is the curiosity surrounding the budget necessary? Absolutely. We know that for a developing country like Bangladesh, fiscal policies may tend to take precedence over monetary since financial sectors are still developing. Firstly, let us briefly take a look at some of the figures presented this year. The budget targets an acceleration of real GDP growth to 7.3% (from 6.12%) and a fall in inflation to 6% (from 7.5%). Some have critiqued the enormous size of the Tk. 2.5 trillion budget; However, a 15.9% increase in spending may not be considered undue as nominal GDP growth...

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