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IMF team to visit Dhaka on Wednesday

An International Monetary Fund mission is set to arrive in Dhaka on Wednesday to evaluate whether the government has fulfilled the conditions of released fifth installment of the Extended Credit Facility (ECF) programme. The team will stay till 10th March and hold meetings with different authorities of the government. IMFThey will discuss implementation of new VAT law, which was supposed to be effective from July this year under a major condition. The release of final two installments depend on the meeting of the conditions set with the release of...

More incentive for PPP projects

Apparently desperate to make its plan to implement mega projects under public-private financing successful for fastening development process, the government is going to offer a number of new incentives to attract more investment in Public Private Partnership (PPP) projects. govtFollowing repeated failure in bringing a breakthrough in the development process, the government now has taken a fresh move to make its earlier planned PPP concept popular and attractive to prospective investors, both at home and abroad. Around Tk 4,000 crore of PPP fund fo...

‘Birdman’ wins Oscar for best cinematography

Emmanuel Lubezki was Sunday night honoured for his cinematography in "Birdman" at the 87th Academy Awards here Sunday night, and Adam Stockhausen and Anna Pinnock received the Oscar for Production Design in "The Grand Budapest Hotel". bird manMaria Djurkovic and Tatiana Macdonald for the film "The Imitation Game", Nathan Crowley and Gary Fettis for "Interstellar", Dennis Gassner and Anna Pinnock for "Into the Woods "and Suzie Davies and Charlotte Watts for "Mr. Turner" were the other nominations in the Production Design category. In the Be...

Upswing in banks Oct-Dec capital base

The capital base of the country’s banking sector increased significantly in the final quarter of the calendar year 2014 despite shortfalls witnessed by six banks, mostly state-run ones. The total eligible capital, generally known as actual capital of the country’s banking sector, rose by more than 10 per cent to Tk 717.54 billion (Tk 71754 crore) during the bbOctober-December period of the last calendar year from Tk 649.33 billion in the previous quarter, according to the Bangladesh Bank (BB) statistics, reports the Financial Express (FE). “The capital base of ban...

WB South Asia vice president in Dhaka

wbThe World Bank's vice president for the South Asia region, Annette Dixon, arrived in Dhaka on Saturday on a five-day visit to Bangladesh. This is Dixon’s first visit to Bangladesh since she assumed her position on 15 December 2014. During her visit, the WB executive is expected to discuss ways and means on how to support the country's next stage of development, building on the longstanding partnership between Bangladesh and the WB group. “I will be meeting with a broad range of our partners in government, the private sector, civil society, and inte...

Remain loyal to Bangladesh image, envoy tells expats

New Bangladesh Ambassador Golam Moshi urged on Saturday his countrymen to continue to work hard and enhance their country’s image in the Kingdom. The envoy, who took charge of the Riyadh mission on Tuesday, was speaking at the commemoration of the Great Martyrs Day and International Mother Language Day at the embassy premises. KSA bD embassyThere are some 1.7 million Bangladeshis residing in the Kingdom in various sectors. The two countries recently the Kingdom and signed a labor agreement in Dhaka for the deployment of more Ba...
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