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Category Archives: National Economy

Bangladesh`s extreme poverty rate drops: WB Bangladesh has achieved significant success in eliminating extreme poverty, the World Bank says. In its `Bangladesh Development Update`, released on Monday, WB said the extreme poverty rate of Bangladesh has dropped to 12.9 percent of the total population in 2015-16. The rate has come down from 13.8 percent in the previous 2014-15. This means according to `Purchasing Power Parity`, ... Read More »

BD’s extreme poverty rate drops by 12.9 pc: WB

Bangladesh’s extreme poverty rate has dropped to 12.9 percent of the total population in 2015-16, the World Bank says.  In its ‘Bangladesh Development Update’, released on Monday, the multi lateral lending agency said it has come down from 13.8 percent in the previous 2014-15. WB Dhaka office’s Lead Economist Zahid Hussain highlighted the key features of the report on Monday ... Read More »

Farmland near Payra Port turns dearer

Kalapara of Patuakhali near the Payra Port, hundreds of signboards could be seen on pieces of land covered by Aman seedlings. After the government moved to establish the port there, the quiet farming neighbourhood has changed. There is rush for buying land by public and private firms and local wealthy people to set up various establishments close to the port ... Read More »

Stocks open week down as major sectors dip Stock markets opened week down as major sectors closing the session with falling trend at both the Dhaka and Chittagong stock exchanges on Sunday. Among the falling major sectors were finance and textile when 117 securities of the large-cap group incurred loss due to lower activities. Insurance sector, however, advanced marginally at the day’s closing. The broader DSEX index ... Read More »

Economy to grow 7.25 per cent

Economy Correspondent Planning Minister AHM Mustafa Kamal said Bangladesh`s gross domestic product (GDP) growth would be 7.25 per cent in the current (2016-17) fiscal year.   The Minister came up with the expectation while speaking in a programme at the capitals`s Brac Centre on Saturday.   He said, “Bangladesh earned 7.5 per cent GDP in the last fiscal year (2015-16) ... Read More »

Container congestion at Ctg port

Chittagong Correspondent The Chittagong port is experiencing record container congestion due to non-operation of long vehicles that carry loaded and empty containers to and from the harbour for the last five days. Owners and workers of carrying vehicles continued their strike for the fifth day on Friday, halting transportation of containers to and from Chittagong port. On Monday, Prime Mover, ... Read More »

Bangladesh improves on global competitiveness index Bangladesh has moved one notch up to 106th place out of 138 economies in Global Competitiveness Index in 2016-17. Centre for Policy Dialogue unveiled the report on Wednesday at CIRDAP Dhaka in favour of World Economic Forum (WEF). CPD Additional Research Director Khondaker Golam Moazzem said that overall score has improved by 1.06 percent to 3.80 in 2016-17 from ... Read More »

GDP growth doesn’t mean actual development: Prof Barakat

Jessore  Correspondent University of Dhaka professor and Eminent economist Dr Abul Barakat said told  that gross development product (GDP) does not mean the actual development of a country. Such concept is almost a mock. GDP grown, per capita income concept does not establish distributive justice. Rather it increases discrimination.  ‘Core people were not included in production till date,’ Professor of ... Read More »

Walton releases laptops in tech market

Economic Correspondent  Bangladesh’s electronics giant ‘Walton’ has officially kicked off the marketing of its new product ‘6th Generation Intel processor based laptops’ in the domestic tech market. The launching ceremony of Walton brand laptops was held at Westin Hotel in Dhaka on Thursday. Finance Minister Abul Mal Abdul Muhith attended the event as the chief guest while State Minister for ... Read More »

Rampal may harm aquatic resources of Sundarbans Hot water and chemicals discharged into water bodies from Rampal power plant may cause significant damage to the aquatic life in the river and canal networks in the Sundarbans, said a Unesco report. Expressing concern about the potential damage to the World Heritage site, the Unesco sent the report to the government last month and asked for explanations about ... Read More »