Extraction of local coal for power generation not feasible: Nasrul Hamid By UNB | Last Updated: 31st October, 2020, 19:32

A number of environmental or left-oriented groups at home and abroad have been against the government move for construction of coal-fired power plants

Extraction of local coal for power generation not feasible: Nasrul Hamid

IFC helps businesses in the poorest countries with $4b Covid-19 financing IFC helps businesses in the poorest countries with $4b Covid-19 financing

IFC has committed an additional $2 billion under the facility, benefiting every region in which IFC operates


Eurozone bounces back to economic growth Eurozone bounces back to economic growth

Economic activity for the region as a whole was 12.7pc higher than in the previous three months


India’s crackdown on cow smuggling adds to Bangladesh's GDP India’s crackdown on cow smuggling adds to Bangladesh's GDP

Cattle farms have swelled from 33,000 in 2011, to over 500,000” in 2017


Foreign investors can now open temporary Taka Accounts Foreign investors can now open temporary Taka Accounts

Bangladesh Bank has allowed foreign investors to open Temporary Non-Resident Taka Account with local authorised dealers


Economists laud scrapping of old agriculture ordinance

Economists laud scrapping of old agriculture ordinance

The new move by the government is likely to ensure fair wages for the labour under a formal wage structure


Aston Martin: Mercedes to take 20pc stake in luxury brand Mercedes to take 20 pc stake in Aston Martin

Mercedes first teamed up with Aston Martin in 2013, taking a 5pc stake in a deal that saw the two companies work on engine development


Additional charges to discourage investors Additional charges to discourage investors

Many investors said the authorities concerned are throwing them into hardship by imposing new charges 


Dhaka aims at easing foreign concerns for companies exiting China Dhaka to ease foreign concerns for companies exiting China

JETRO Country representative had said the ASEAN countries were being given the priority


ADP implementation bounces back in first quarter ADP implementation bounces back in first quarter

ADP implementation rises year-on-year to 4.17pc in Sept from 3.59pc percent last fiscal


From a basket case to a robust economy From a basket case to a robust economy

Despite a strong socialist tradition in Bangladeshi politics and the fear that privatisation will be seen as anti-poor, Dhaka pursued privatisation decisively


Korean envoy meets BIDA chief, discusses investment 

Korean envoy meets BIDA chief, discusses investment

The country is the 6th major FDI investment partner for Bangladesh


Hong Kong shares up at lunch Hong Kong shares up at lunch

The Hang Seng Index rises 0.62 percent, or 152.72 points, to 24,938.85


IMF revises down 2020 Asian economy forecast to 2.2 pc contraction IMF revises down 2020 Asian economy forecast to 2.2 pc contraction

The latest forecast is a downgrade compared with the projection of a 1.6-percent contraction in June


PayPal allows Bitcoin and crypto spending PayPal allows Bitcoin and crypto spending

PayPal plans to roll out buying options in the US over the next few weeks


One-third of apparel workers lose income One-third of apparel workers lose income

Nearly one-third of garment workers suffered loss of earnings since the lockdown in late March this year due to the coronavirus pandemic


Asian shares rise after Wall Street gains on solid earnings Asian shares rise after Wall Street gains on solid earnings

Technology, communication and financial stocks powered most of the gains on Wall Street


As oil prices dive, Iraqi Kurds seek to diversify economy As oil prices dive, Iraqi Kurds seek to diversify economy

Kurdish economist Bilal Saeed also argues the region's leaders had made a strategic blunder by letting other sectors fall by the wayside


Bangladesh likely to surpass India in GDP this year  

Bangladesh likely to surpass India in GDP

A report of Bloomberg reveals this information


China's economy continues to bounce back from virus slump

China's economy continues to bounce back from virus slump

The world's second-biggest economy saw growth of 4.9% between July and September, compared to the same quarter last year


Rajshahi to get a river port to boost trade with India Rajshahi to get a river port to boost trade with India

Goods will be brought to Sultanganj of the upazila from Maya Port of Murshidabad in India via the Padma River


Sector-based master plan needed for uninterrupted energy service: Nasrul Hamid ‘Master plan needed for uninterrupted energy service’

Government is also giving special emphasis on human resources development to combat the future demand


Bangladesh to roll out its first car next year, says Industries Minister Bangladesh to roll out its first car next year, says Industries Minister

The state-owned Pragati Industries Limited will start manufacturing the automobiles with technical assistance from Mitsubishi Corporation of Japan,  Nurul Majid Mahmud Humayun says


Covid: Bangladesh women bear the economic and social brunt the most Covid: Women bear the economic, social brunt the most

In Bangladesh, some 98pc of women employed in households, garment factories and the construction sector have lost their jobs since March


Bangladesh set to overtake India in per capita GDP, according to IMF Bangladesh set to overtake India in per capita GDP, according to IMF

In South Asia, Bhutan, Sri Lanka and the Maldives still lead Bangladesh on GDP per capita


Shenzhen residents embrace digital currency China's Shenzhen residents embrace digital currency

 

 The move is the latest in a series of trials testing out China's new Digital Currency Electronic Payment (DCEP)



UK economy cannot be fully protected, says IFS UK economy 'cannot be fully protected'

IFS says UK government borrowing this year will hit a level never seen in peacetime due to the pandemic


India's bureaucratic red tape holds up transmission projects for Rooppur Nuclear Plant Transmission projects for Rooppur Nuclear Plant held up

The Indian financing agency is taking "excessive time" to give a go-ahead for the bidding process


Nobel Prize in economics awarded to Paul Milgrom and Robert Wilson Nobel Prize in economics awarded to Paul Milgrom and Robert Wilson

American economists Paul Milgrom and Robert Wilson have been awarded the 2020 Nobel Prize in economics for their contributions to auction theory


Why is the ECB eyeing a ‘digital euro’? Why is the ECB eyeing a ‘digital euro’?

The move comes as the pandemic accelerates a shift away from cash

 

 


Dollar makes a comeback as Cuba readies currency devaluation Dollar makes a comeback

 Cuba prepares to devalue its currency peso to relieve pressure on a battered economy


Energy experts emphasise renewable energy to meet electricity needs Energy experts emphasise renewable energy to meet electricity needs

The power sector has been growing fast but no demand is coming from the industrial sector to consume this increased generation


Covid to reshape Bangladesh's economic policies in medium term Covid to reshape Bangladesh's economic policies in medium term

Bangladesh is hoping to graduate out of the least developed country list by 2024


Traditional business being transformed into digitized system: Jabbar Traditional business being transformed into digitized system: Jabbar

Posts and Telecommunications Minister Mustafa Jabbar  said business and trade using traditional methods 


Bangladesh ranks 113 on CRI index Bangladesh ranks 113 on CRI index

Oxfam and Development Finance International (DFI) released the third edition of the global report ‘The Commitment to Reducing Inequality


Forex reserves hit $40b for first time Forex reserves hit $40b for first time

According to official, remittance is the key driver to raise the reserve to the highest point


Automated challan system launched Automated challan system launched

Clients will also be able to deposit the money of treasury challans through online banking and mobile financial system as well as through cash, cheques and account debit


Japan plans to invest in bigger way: JETRO Japan plans to invest in bigger way: JETRO

Ando president of Japan-Bangladesh Chamber of Commerce, requested the government to improve investment climate in the country in favor of Japanese companies


Trump ends Covid budget stimulus relief talks Trump ends Covid budget stimulus relief talks

Budget talks between Democratic Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin began in July


Bangladesh to benefit from Japan’s investment shift from China Bangladesh to benefit from Japan’s investment shift

The government of Bangladesh is in discussion with the Japanese investors to cash in on the industrial shifting

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