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Economy

Big hike in civil servants’ salaries likely

The Pay and Service Commission is going to submit its report to the government today with recommendations of a pay hike for 13 lakh civil servants. The commission’s chairman Mohammad Farashuddin, who was a former Bangladesh Bank governor, will submit ...

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Global retailers put high hope on RMG sector

Putting high hope on the future of the country’s readymade garment (RMG) sector, leading global retailers said that Bangladesh would achieve the $50-billion export target by 2021. The retailers, who participated in the three-day mega event early this month, expressed ...

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Over $1 bn WB loan for Bangladesh

The World Bank has approved a loan amounting to about $1.1 billion for three projects in Bangladesh. The global lender says the projects on primary education, multipurpose cyclone shelters, and nutrition would benefit almost 36 million people in different districts. ...

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Homebuilder Sentiment Slips

Homebuilder sentiment deteriorated a tiny bit in December. The NAHB housing market index unexpectedly fell to 57 in December from 58 in November. Economists had expected a 59 reading. Still, sentiment is near a 9-year high. “After a sluggish start ...

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