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South Asia needs to arrest FDI challenges

Speakers at a programme on Sunday said the South Asian countries have a number of challenges to face to attract foreign direct investment. They cited lack of infrastructure, poverty, environmental hazards, poor governance, infrastructural gap and lack of regional and global integration are the core issues that are keeping FDI from the South Asia. The observation was made at a session titled “Promoting Investment in Asia,” held as part of a two-day long ICC International Conference on “Global Economic Recovery: Asian Perspective” at a city hotel. ICCB-300

No Swiss response on info exchange of  money laundering  

Swiss Financial Intelligence Unit is yet to make any response to a proposal to sign a memorandum of understanding with Bangladesh Financial Intelligence Unit on exchanging information about money laundering despite repeated attempts taken by Bangladesh Bank. The BB sent a letter to the SFIU on June 24 this year, expressing interest to sign a memorandum of understanding to collect information about money deposited by Bangladeshi citizens with different Swiss banks. BB executive director and spokesperson M Mahfuzur Rahman told New Age on Sunday that the central bank had already given reminder three to four times to the SFIU for signing the MoU, but they were yet to respond in this connection.

UAE to recruit up to 2000 female workers each month

MoU inked; UAE to appoint Labour Attaché at its Dhaka embassy

In an important breakthrough, the United Arab Emirates (UAE) today (26-10-2014)  inked a deal to recruit 1000 to 2000 female domestic workers from Bangladesh every month. bd-uaeDhaka is considering the move as resumption of manpower market in the oil-rich Gulf nation, which is the second largest manpower destination for Bangladesh. The country has almost stopped issuing all kinds of entry permits for Bangladeshi passport holders in August, 2012, a...

India rejects US’ Javelin missiles for Israel’s ‘Spike’

India on Saturday decided to buy 8,356 Spike anti-tank guided missile and 321 launchers from Israel for Rs 3,200 crore, rejecting US offer of Javelin missiles that Washington was lobbying hard for. The decision was taken following a meeting of the Defence Acquisition Council, chaired by Defence Minister Arun Jaitley, that lasted for over two hours with Defence Secretary, the Chiefs of all three services, DRDO Chief and other senior officials attending it. indiaIndia will outright buy 8,356 missiles and 321 launchers from the Israeli firm Rafael Advanced De...

12,000 Bangladeshi workers for S’wak only an estimate

The Malaysian Human Resources Ministry has explained that the move to recruit up to 12,000 Bangladeshis to work in Sarawak remains an estimate. “The demand for 12,000 workers is based on feedback conveyed by the stakeholders, in particular, the plantation sector,” its minister Datuk Richard Riot Jaem said. m workersHe said that the recruitment would be done in stages as the actual demand by employers would be scrutinised by a committee consisting of related government agencies. The Bangladeshis are general labourers who are to be speci...

Bangladesh book fair kicks-off in Kolkata

Bibliophiles with an interest in neighbouring Bangladesh’s art, culture and history have a reason to cheer now. A six-day Bangladesh Book Fair was inaugurated here Saturday. book_vid_kolkata_s_aHosting 30 book stalls, the fair will run at the Rabindra Sadan premises till Thursday. Organised by the Bangladesh Deputy High Commission in Kolkata in collaboration with the country’s Bureau of Export Promotion and Gyan O Srijonshil Prakashak Samiti, the fair showcases an impressive collection of tomes - novels, poems, shor...
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