Web users unite: Let’s tell sites to pay up
December 20, 2009
Wake up, Web users. It’s time you demanded your fair share for the vast wealth you are helping to build for the Internet’s most popular sites. Yahoo, despite its recent troubles, has $4 billion in cash. Google has $22 billion that it won’t even share with investors, let alone you. Facebook may one day amass even more cash than either of them. They could never have made a profit without the data they Read more
‘Recession raises unemployment, social problems in LDCs’
August 28, 2009
Says Bangladesh Permanent Representative to the UN
Bangladesh Permanent Representative to the UN Dr A K Abdul Momen said least developed countries (LDCs) are facing growing unemployment and other social problems due to the global economic recession. Dr Momen dwelt on the issue at a roundtable on the forthcoming G-8 summit and G-20 summit and Read more
Norwegian economy exits recession
August 21, 2009
Norway’s economy emerged from recession in the second quarter following two consecutive quarters of negative growth, official figures released today showed.
Norway’s mainland GDP, which excludes the oil and gas sectors and the shipping industry, grew by 0.3 per cent in the Read more
American Graduates Finding Jobs in China
August 13, 2009
BEIJING — Shanghai and Beijing are becoming new lands of opportunity for recent American college graduates who face unemployment nearing double digits at home.
Even those with limited or no knowledge of Chinese are heeding the call. They are lured by China’s surging economy, the lower cost of living and a chance to bypass Read more
Where beggars can be choosers
August 9, 2009
The sound of chainmail clinks in your ears, drowning out the merrymaking behind you. A gauntlet covered hand digs hard into your arm, and you stifle a whimper. You stammer and plead, your pencil thin legs pumping wildly, your eyes darting back and forth for a kindly soul to come to your aid. Despite your pleas, the guard hauls you towards the gate and tosses you to the cold hard ground. Thus begins this Read more
‘India, China set to rule world economy’
June 6, 2009
Washington: After the fall General Motors, “once the embodiment of US economic might,” Americans should get used to the fact that “upstarts” like China and India are “ready to rule world economy,” a U.S. commentator said.
“We may not like to admit it, but it’s time to get used to this fact: emerging markets such as China and India are quickly becoming the world’s new economic powerhouses,” Paul R. La Monica, CNNMoney.com Read more
$75,000 software export order received
June 5, 2009
Bangladesh has received software export orders of 75,000 US dollar and potential orders amounting to 12.25 lakh from a three-day software exposition titled ‘Software Development Exposition’ held in Tokyo, Japan.
The country, for the first time, participated in the Software Development Exposition from May 13 to 15, said a EPB Read more
Banks urged to provide collateral free loans to women for SMEs
May 12, 2009
Women Entrepreneurs Association of Bangladesh (WEAB) president Rehana Rahman has urged all commercials and state-owned banks to disburse collateral free loans for small and medium women entrepreneurs as theyhave no capacity to give collateral.
“Many women who run small and medium businesses have no capacity to give collateral as they do not get any property in heritage,” she said as chief guest at a press conference in the city hotel on Monday.
The City Bank organized the press conference and formally lunched “City Nokshi” of SME banking of the Read more
Japan’s recession deeper than thought: central bank
May 1, 2009
Japan’s recession will be deeper than first thought but its export slump should soon start to ease, putting the economy on course for positive growth next year, the central bank said Thursday.
The world’s second largest economy is expected to shrink 3.1 percent in the current fiscal year to March, the Bank of Japan said, downgrading its earlier forecast for a 2.0 percent contraction.
It estimates the economy shrank 3.2 percent in the previous fiscal year.
Japan also faces two years of deflation, with consumer prices expected to drop 1.5 percent this year and 1.0 percent the following Read more
Current economic situation in BD stable: WB
April 14, 2009
Recession in developed markets, slowdown in ME still pose threat
The World Bank Monday said the current economic situation in Bangladesh is stable, but it cannot be taken for granted as the impacts of global recession are beginning to show.
“Recession in the developed markets and slowdown in the Middle East have already begun posing a threat to Bangladeshi exports and remittances,” WB senior economist Zahid Hussain said in his keynote presentation at a workshop titled ‘State of Bangladesh Economy and Policy Response to the Global Financial Crisis’. World Bank country director Xian Zhu chaired the workshop.
Zahid Hussain said economic growth in recent years has come mostly from the industrial and services sectors. “So far, Read more