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Maiden Ticfa meet on 27-28 this month

US Ambassador Dan W Mozena on Tuesday said the first Ticfa meeting, to be held here on April 27-28, would be a high-level bilateral engagement between Dhaka and Washington which will help find ways for increasing trade and investment between the two countries. “This is very exciting. This is a high-level bilateral engagement,” he told reporters at the Secretariat after a meeting with Commerce Minister Tofail Ahmed. mozena The US diplomat said the actual formal session of Ticfa (Trade and Investment Cooperation Forum Agreement) will be held on Aril 28 through which Bangladesh and America w...

ADB projects 5.6pc GDP growth

The Asian Development Bank (ADB) on Tuesday projected that Bangladesh may achieve 5.6 percent GDP growth in the current fiscal against the government’s target of 7.2 percent. However, the Finance Minister during a half yearly statement on the economy revised the target saying that it might be 6.5 percent. adb1Making the projection, the ADB said the political unrest has remained to be a major risk to the economy, reports UNB. ...

Visa on arrival for Omanis now in Bangladesh

 Bangladesh has started offering visas on arrival to Omanis in order to boost bilateral ties between the two countries, said a senior official of the Bangladesh Embassy in Muscat. Speaking to the Times of Oman, Bangladesh Ambassador to Oman, Sheikh Sekander Ali, said the facility would benefit more than 1,100 Omanis who visit Bangladesh annually for tourism, business, recruitment of workers, and to attend a religious congregation. "Citizens will get one month visas at Bangladesh airports by paying the visa fee of OMR12 or equivalent (amount in) dollars," he said. bd-oman

Forex reserves hit new record in March

Bangladesh's foreign exchange reserves stood at an all-time high of $19.31 billion at the end of March, $160 million more than the earlier record set in February, and more than 38 percent higher than a year earlier, the central bank said on Tuesday. The higher reserves, which stem from a widening current-account surplus, are enough to cover more than six months of imports. At the end of March 2013, reserves totalled $13.97 billion. remmitanceRising exports and slowing imports have helped build ...

Pubali Bank holds SME seminar in Ctg

 A day long “SME seminar and loan distribution ceremony-2014” organized by Pubali Bank Chittagong Principal Office was held at BGMEA auditorium in Chittagong. Chairman of Chittagong Development Authority (CDA) Abdus Salam, President of Chittagong Chamber of Commerce and Industry Mahbubul Alam, Managing Director and CEO of Pubali Bank Ltd. Helal Ahmed Chowdhury, Additional Managing Director M. A. Halim Chowdhury, Deputy General Manager and SME Head of Bangladesh Bank, Chittagong K. M. Mustafizul Kabir were present as guests in the ceremony. SME seminar_CTG

Rouf Chowdhury re-elected Bank Asia Chairman

Mr. A Rouf Chowdhury was re-elected Chairman of Bank Asia at a meeting of the Board of Directors of the Bank held on Monday (31 March, 2014). He is a sponsor Director of the Bank. ChairmanMr. Chowdhury is an eminent businessman and industrialist of the country. He is the Chairman of Rangs Group and Sea Resources Group. He is also a Director of the Daily Star, the highest circulated English daily in the country. Mr. Chowdhury was the President of Basket Ball Association for four years. He has been a m...
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