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August 2023

City polls full of fraudulent practices: EWG

Polls monitoring body Election Working Group (EWG) on Wednesday said Tuesday’s elections in Dhaka and Chittagong city corporations were full of fraudulent practices and violence. “For the misdeeds that were committed during the voting in Dhaka and Chittagong city corporations have made the process not at all votetrustworthy to us,” EWG director Abdul Alim said reading out a statement during a briefing at the National Press Club. The EWG’s observers stationed in 619 polling centers during the ballot came up with common observations – intimidation o...

Credit profile supported by strong, stable growth

Moody’s Investors Service says that Bangladesh’s Ba3 foreign currency government bond rating reflects its track record of macroeconomic stability, a modest debt burden, and limited externalvulnerabilities with an ample foreign reserve buffer. moody'sBut a fractious political environment, narrow tax revenue base, and a very low level of per capita income constrain the rating. Moody’s conclusions were contained in its just-released credit analysis “Bangladesh” and which looks at the country’s credit profile in terms of Economic Strength (assessed as “moder...

Denim Expo gets ready for kick-off

The second edition of Bangladesh Denim Expo is expected to take place in Dhaka from 11 to 12 May 2015, at the Radisson Blu Water Garden Hotel Dhaka, from 10.00 am to 6.00 pm for both days. Denim LogoThe previous Expo edition, held in November 2014, attracted more than 2,500 fashion industry professionals, including buyers from Primark and H&M. As its first edition, the event is meant to offer international fashion buyers a one-stop sourcing platform for jeanswear manufacturing and act as a hub for international denim insiders to meet ...

Violence, repression at levels not seen in decades

On April 28, the people of Bangladesh had the chance to have their voices heard in municipal elections in the country’s two major cities. Unfortunately, the opposition has boycotted the elections on accusations of widespread vote rigging. Fair elections are needed to give the Bangladeshi people the opportunity to hold the governing voteAL to account for using the nation’s founding tragedy for political gain, and push for reform of the ICT to open the door to a judicial mechanism that lives up to domestic and international standards and bolsters rule of ...

China delegates meet BSEC chairman

A high level delegation team of Yunnan Government Financial Affairs Office of China today visited Bangladesh Securities and Exchange Commission (BSEC) to discuss establishment of regional stock exchange and BCIM (Bangladesh, China, India, and Myanmar) activities. PhotoThey were welcomed by BSEC Chairman Professor Dr. M. Khairul Hossain at the BSEC office. The delegation team led by Yang XiaoPing, President Director of People’s Bank of China reached Dhaka yesterday. The delegation team will also meet Dutch Bangla Bank, BIIS, Bangladesh Bank,...

Midland Bank, Platinum Boutique Hotels ink deal

Midland Bank Limited (MDB) has recently signed a Memorandum of Understanding (MoU) with Platinum Boutique Hotels. Md. Ridwanul Hoque, SVP & Head of Retail Distribution of Midland Bank Limited and Mihammad Ali Tinku, Deputy General Manager of Platinum Press PhotoBoutique Hotels sign the MoU on behalf of their respective organizations. As a result of this MoU, MDB Visa cardholders can enjoy a number of privileges and special rates including upto 50% discount on all room categories and 20% discount on food. Khodoker Nayeemul Kabir...