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WB pledges strong support for BD’s development

World Bank (WB) Vice President for the South Asia Region, Annette Dixon, has pledged strong support for the development of Bangladesh. Dixon praised Monday Bangladesh’s progress in poverty reduction and economic development during her second visit to the country in her current role, Xinghua reported. “The World Bank will continue to support Bangladesh in areas necessary to move up within middle income country status. Bangladesh will need sustained reform efforts for further wbadvancement,” said Dixon. The World Bank classified Bangladesh as a lower-middle cou...

Carmudi Hamba Ride to cows, goats this Eid

Running after your cows and goats is a usual scenario on Dhaka streets right when the “Qurbani Eid” is round the corner. The common practice of walking the animals bought for sacrifice from the selling point to back home comes with much hassle and sweat. Carmudi, the number one online vehicle marketplace of Bangladesh, in collaboration with Radio Foorti, is bringing a unique, thrilling and much relieving “Hamba Ride” contest offer of transporting the cows and goats from the “cow haat” to the owner’s house. The festooned truck Carmudi Hamb Ride 2

Prime Ins inaugurates its new Corp Head Office

Prime Insurance, a leading second generation insurance company has inaugurated its new Corporate Head Office at Unique Heights in Kazi Nazrul Islam Avenue, Dhaka recently. PhotoMr. Md. Zakiullah Shahid, Chairman of Prime Insurance inaugurated the office. Directors, CEO Ms. Mohammodi Khanam along with other high officials of Prime Insurance were present during the inauguration. On the occasion of inaugurating new corporate head office Md. Zakiullah Shahid said “The company’s 19 years of journey is moving to own premises, which is a great achievement. Ne...

AIBL Agent Banking Outlet at Feni

Al-Arafah Islami Bank Limited (AIBL) is operating Agent Banking Service for its clients. In this connection, an Agent Banking Outlet was inaugurated on 20 September, 2015 at Mohammad Ali Bazaar, Feni. Deputy Managing Director of the Bank Md. Rezaur Rahman inaugurated both of the Agent 20150921_AIBL_AgentBanking_pressBanking Outlet as Chief Guest. Among others Executive Vice President & Head of Agent Banking Division Abed Ahmed Khan and Senior Vice President Aminul Islam Bhuiyan were present as Specia...

ADB forecasts 6.7pc GDP growth

Bangladesh economy is expected to perform strongly this year, according to the latest figures from the Asian Development Bank (ADB). ADB in its outlook update 2015 forecasted that Bangladesh’s Gross Domestic Product (GDP) growth will be 6.7 percent this fiscal year, up from 6.5 percent in the previous year. adb1“Brisk domestic demand, supported by remittances, public investment and manufacturing for domestic market pulled the economic growth in FY2015,” Kazuhiko Higuchi, country director of ADB, said at a media briefing at the Bank’s Dhaka office today. T...

BB to mobilise $ 7bn for infrastructure

Bangladesh Bank plans to mobilise up to $7.0 billion to develop the country’s infrastructure and boost economic growth, its governor said on Sunday. The bank would help reach that sum by establishing a sovereign wealth fund, issuing bonds and selling dollars from its reserves to designated banks and financial institutions, Governor Atiur Rahman told Reuters. “It is possible to mobilise the fund for development of the infrastructure to accelerate economic growth to 8 percent from the present 6.5 percent, aiming to becoming a middle-bbincome country by 2021,” he...
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