There is a higher chance for social unrest to exacerbate political instability in Bangladesh, according to research by UK risk analysis firm, Maplecroft released on Thursday.
“This is due to the erosion of democratic freedoms, increasing crackdowns on political position and the brutality by security forces towards protesters, compounded by rising food prices and worsening working conditions,” Maplecroft said in a statement.
Growing levels of conflict, terrorism, and the toppling of regimes in the Middle East and North Africa, as well as political violence in East Africa, are driving a rise in political instability worldwide, said Maplecroft release.
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The 81st branch of Bank Asia started its operation in Dinajpur town from Thursday.
Md. Belal Hossain, Assistant Vice President and Head of Dinajpur Branch of the bank formally inaugurated the new branch. Senior officials of the branch were present on the occasion, says a press release.
Members of business community, local elite and a large number of people also attended the auspicious event. The new branch has all the modern banking facilities including on-line banking and ATM.
Starting its operation in 1999, Bank Asia is one of ...
President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), Kazi Akram Uddin Ahmed said, the political parties should come forward immediately to solve the ongoing political turmoil that is hampering the normalcy in the country,”
He reiterated the appeal to the political parties to come to a settlement as the country’s trade, commerce and the lives of the common people were being held hostage to the prolonged crisis over election administration.
“The politicians of both the major parties sat together after the initiatives taken by the United Nations (UN). Two months ago, we, the business community, had called upon them for sitting together to solve the ongoing crisis.” he said at a press briefing held at the FBCCI office in the capital on Wednesday.
The loan classification policy of Bangladesh Bank will most likely be relaxed this month, indicated Finance Minister AMA Muhith.
The move comes in response to demands from garment exporters, who are left staring at huge losses after months of severe disruptions to their businesses owing to political turbulence.
They said the current loan classification policy, which marks a loan to be classified when the repayment period overshoots by three months, is “killing” them. Although they are still eligible for new loans, the banks put excessive pressure on them to make their payments, reports the Daily Star.
“I think we will have to do something about it,” the minister said during a meeting with top leaders of the three main garment manufacturers...
Abdus Samad, chairman of the committee presided over the meeting. The meeting reviewed overall business performance of the bank, says a press relelase.
Vice Chairman of the committee Abdul Malek Mollah, committee members Hafez Md. Enayet Ullah, Engr. Kh. Mesbah Uddin Ahmed, Managing Director of the bank Md. Habibur Rahman, Compa...
Abdus Samad, chairman of the committee presided over the meeting. The meeting reviewed overall business performance of the bank, says a press relelase.
Vice Chairman of the committee Abdul Malek Mollah, committee members Hafez Md. Enayet Ullah, Engr. Kh. Mesbah Uddin Ahmed, Managing Director of the bank Md. Habibur Rahman, Compa...
