It was a day playing with plastic bottles that changed Korvi Rakshand’s life. Named one of 10 inspirational Bangladeshis last year, Rakshand was born to a wealthy family. But he turned his back on money and for the past eight years has been running an NGO in one of Dhaka’s biggest slums.
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Korvi Rakshand (fourth from left) with the first class of children taught at his school. Photograph: Jaago Foundation[/caption]
He talks freely about the moment that changed everything...
Research and Markets has announced the addition of the “Governance, Risk and Compliance - The Bangladeshi Insurance Industry” report to their offering.
‘Governance, Risk and Compliance - The Bangladeshi Insurance Industry report is the result of extensive research into the insurance regulatory framework in Bangladesh. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report
specifies various requirements for ...
Aggreko PLC Friday said that trading terms for gas contract extensions in Bangladesh are likely to be less favourable than its earlier expectations. The company said it now expects its 2015 interim and full year results to fall short of current market expectations, citing a further slowdown in its North American oil and gas related business and “ongoing security challenges” in Yemen.
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David ...
Bangladesh, home to the world’s second-largest mobile money company, is moving to consolidate the industry as it expands financial services to the rural poor.
The central bank has proposed channeling all mobile transactions through bank-led companies with a minimum capital of 1 billion taka ($13 million), said Bangladesh Bank Governor Atiur Rahman. This would force smaller providers to merge and link up with banks.
“There are a lot of entrepreneurs who could never be reached by conventional banks,” Rahman said in an interview in...
From his shop overlooking a pier on this island near the border with Myanmar, Mohammad Hossain watched the human smuggling business swell.
Over the years, the trickle gradually grew into an unending stream. The late-night flashes of light on the water, signaling that the coast was clear to launch boats, multiplied until they looked like summer lightning. That the boats were not carrying fish was an open secret here: One day, when a trawler sank on its way out, the water was littered with floating human bodies.
The people of Shah Porir Dwip — fishermen, shopkeepers, police officers and shadowy bosses — were all drawn in, as participants or concerned observers, to a multimillion-dollar people smuggling business that sent roots deep into this impoverished corner of Bangladesh.
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The Bangladesh Economic Zone Authority (BEZA) has sought funding from the finance division of the Bangladeshi government to set up a special economic zone at Anwara upazilla in the port city of Chittagong to attract Chinese investment.
The BEZA has recently sent a proposal to the finance ministry seeking over 420 crore taka interest free fund for acquisition of land for the Chinese Economic and Industrial Zone (CEIZ).
Paban Chowdhury, BEZA executive chairman, told Xinhua: "We have sent a letter req...
