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AIBL signs deal with Dhaka WASA

Al-Arafah Islami Bank Limited (AIBL) has signed “Water & Sewerage Online Bill” agreement with Dhaka Water Supply and Sewerage Authority (WASA). The Agreement was signed between Al-Arafah Islami Bank Limited and WASA on Saturday (5 July) at the Board Room of Al-Arafah Islami Bank. Mr. Md. Habibur Rahman, Managing Director of the Bank was present in the ceremony while Deputy Managing Director of the Bank Md. Mofazzar Hossain and Commercial Manager of Dhaka WASA Engr. Uttam Kumar Roy handed over the agreement on behalf of their respective organizations.

Tax-to-GDP ratio is very low in Bangladesh: IMF

The International Monetary Fund (IMF) has said that further efforts are needed in Bangladesh to raise on a permanent basis the ratio of tax to gross domestic product (GDP), with particular importance placed on the introduction of a value-added tax (VAT). Bangladesh's tax-to-GDP ratio is very low, even when compared to other low-income countries, and should be raised in order to create fiscal space for increased priority spending, the IMF said. IMFThe government should focus on implementing the new VAT and strengthening revenue administration, the Fun...

Library movement helps reading habits in villages

A non-profit platform in Bangladesh is aiding in the setup and sustenance of libraries in remote districts and villages of the country. The efforts of the Village Library Movement, initiated in 2006, have already benefited at least 3,000 readers through nearly 30 libraries. The platform is content that most of these libraries are playing a role towards community development in the country, besides providing rural youth and adults with an opportunity to read more. libraryHumayun Kabir, 24, the founder of Shanok Boyra Anusandhan Library in Bhui...

Bangladesh and climate change: time to change the narrative?

Rising tides threaten the country’s future, but a resilient population is thriving despite adversity, writes Saleemul Huq

By now Bangladesh has become known as being one of the most vulnerable countries to climate change. This refrain is now repeated endlessly by our leaders and representatives when talking about Bangladesh and climate change. It is also the way the international media sees Bangladesh. [caption id="attachment_7819" align="alignleft" width="300"]POVERTY IN ASIA A ...

BASIC Bank board dissolved

A day into the resignation of BASIC Bank chairman Sheikh Abdul Hye Bacchu, the finance ministry today dissolved board of directors of the bank and appointed Alauddin A Mojid as its chairman. Mojid is currently serving as the chairman of Krishi Bank. logo-basic-bankThe ministry issued a gazette notification in this regard today, the ministry official confirmed to The Daily Star. Bacchu, the main accused behind BASIC Bank's current financial straits, handed his resignation letter to Finance Minister AMA Muhith Friday night The move ...

Cabinet okays Malaysian offer for building 8,400 Rajuk flats

The Cabinet Economic Affairs Committee on Sunday ‘in principle’ approved an offer of the Malaysian government to construct 8,400 residential flats for Rajdhani Unnayan Kartripakkha (Rajuk), the capital development authority. The committee at a meeting with Finance Minister AMA Muhith in the chair approved the proposal with some recommendations. This was stated by RajukCabinet Division's joint secretary Mustafizur Rahman while briefing newsmen about the proceedings of the meeting, reports UNB. He, however, did not give any details of the recomm...
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