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BUFT Business Club inaugurated

BGMEA University of Fashion & Technology (BUFT) has launched its “Business Club” under the Faculty of Business Studies on 20th April 2015 at BUFT Auditorium. Prof. Dr. Mustafizur Rahman, Executive Director, Center for Policy Dialogue (CPD) was present on the ocassion as the Chief Guest. PICBIZThe motto of the club is to make the Business students more capable in a multi dimensional way in today’s competitive world. On the occasion they have arranged a seminar entitled “RMG Sector: Its Contribution and Challenges”. Mr. Muzaffar U. Siddique,...

Funds flowing out of bourses

Funds are flowing out of the country’s bourses to other attractive investment options, including term-deposits with banks and government’s savings instruments, chief economist of the Bangladesh Bank (BB) Dr Biru Paksha Paul told a seminar in Dhaka Sunday. dse csePaul, presenting a keynote paper at the seminar, suggested cut in both interest rates of bank deposits and yield rates of savings tools reports the Financial Express. He expressed his frustration over the present state of the capital market and urged the government to take immediate measures to...

Remittance from Gulf countries rebounds

Shedding the negative trend for more than a year, the remittance inflow to the country rebounded from the middle-eastern countries in the last nine months, thanks to the reopening of the manpower market for Bangladeshi workers in some of the Gulf nations after seven years. remittanceThe inflow of remittance rose by 7.6% in the first nine months of the current fiscal year where the country had experienced a fall of 13% in remittance earnings during the same period of the last fiscal year, reports the Dhaka Tribune. The country received r...

BB must have more control over money market

The government should give more powers to Bangladesh Bank to allow it to properly play its role in the money market and rein in inflation, the central bank’s Chief Economist Biru Paksha Paul said yesterday. bbThe government’s control on the interest rate on savings certificates disturbs the market and affects the central bank’s efforts to bring down lending rates and control inflation, which are needed to boost investment, he said, reports the Daily Star. “The central bank is supposed to control the interest rates. If there is someone else playing this role, our g...

UN advocates transparent polls process

The United Nations on Sunday urged all concerned in Bangladesh to ensure a transparent, peaceful and inclusive election process. UN-logo"The United Nations urges all concerned to ensure a transparent, peaceful, and inclusive election process," said UN resident coordinator in Bangladesh Robert Watkins. In a statement ahead of elections to three city corporations in Dhaka and Chittagong, he encouraged voters to exercise their right to vote on April 28 in this important democratic process in the country. Watkins welcomed the largely peaceful environmen...

Warm reception to PBL Chairman

Eminent Social Worker, Educationist, Former Member of the Parliament and Honourable Chairman of the Board of Directors of Pubali Bank Limited Hafiz Ahmed Mazumder has been appointed as Chairman of the Bangladesh Red Crescent Society by the President of Peoples Republic of Bangladesh. Pubali Bank Ltd. Chairman ReceptionPubali Bank Limited gives him a warm reception at this achievement. Directors of Pubali Bank Limited and Pubali Bank Securities Limited were present as guests at the occasion...
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