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Political turmoil depleted $2.2b in 3 months

Bangladesh has incurred a loss of around $2.2 billion (approximately Tk 17,150 crore) in the last three months due to political instability, according to a World Bank report. violance BDThe WB revealed the findings today at the launch of Bangladesh Development Update Report 2015 at its Dhaka office. Unveiling the report, WB's Chief Economist Dr Zahid Hossain said, “The country incurred the financial lost due to political stalemate in Bangladesh.” Bangladesh faced huge financial loss in January, February and March this year, which i...

Fingerprint to replace PIN code for ATM use

Bangladesh Bank is going to replace existing four-digit security PIN code used to settle transactions through automated teller machines with fingerprint with a target to strengthen financial security, the New Age reports. A BB official told New Age on Wednesday that the central bank had taken the initiative to strengthen financial security as well as to popularise the country’s atmcard-based payment system among the rural people. Such type of security measures is globally known as biometric solution and a number of developed countries have already in...

Obama, Castro hold ‘candid’ historic meeting

Barack Obama and Raul Castro held the first face-to-face talks between US and Cuban leaders since 1956 in Panama on Saturday, vowing to pursue their historic effort to bury Cold War-era antagonism. Sitting together in a blue-carpeted room, Obama thanked Castro for his “spirit of openness and courtesy” during their interactions, while the communist leader stressed that the negotiations will require patience. obama-CastroObama also sought to calm tensions with another leftist nation, speaking briefly with Venezuelan President Nicolas...

Politics, religion and the limits of speech in Bangladesh

Bangladesh is a secular state, but the murder of two bloggers who questioned Islamist values represents a danger to freedom of expression. In February, Avijit Roy, a Bangladeshi-American blogger and the founder of a secularist website was killed by machete-wielding assailants in a Dhaka street. A few days later another blogger, Washiquir Rahman met a similar end. bangladeshThe killers of both men were motivated by a desire to silence what they considered to be anti-Islamist views. The murders are testament to the highly charged atmosphe...

Bangladesh 97th among 113 in EDI

Bangladesh has not achieved a global goal of “education for all as a whole”, according to the Unesco’s latest report. The country has been placed at 97th among 113 countries in Education for All Development Index (EDI). educationhas been set for assessing if a country has achieved or close to achieve education for all. Bangladesh belongs to the category of underperformers as the Unesco report said, “Too many countries will fail to reach the target of halving their 2000 adult illiteracy rate by 2015.” The Unites Nations E...

Trade union registration goes online

The Bangladesh government, with the support of UN’s International Labour Organisation (ILO), has launched online registration system for trade unions and trade union federations, according to media reports in the country. rmgWorkers wishing to register new unions are now being encouraged to apply on-line. Paper-based submissions will also still be accepted in order to maximise the ability of worker groups to make applications. Labour rights groups, international buyers and the UN have been stressing on trade union formation in Bangladesh since 2013 af...
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