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EP delegation calls for resolving political crisis

The visiting European parliamentary (EP) delegation has urged an immediate end to the increasing violence and called for resolving the political crisis in Bangladesh. “The delegation, having met government and opposition violance BDrepresentatives, urged an immediate end to the increasing violence and echoed calls from the international community and Bangladeshi civil society to solve the political crisis,” the delegation said in a statement this evening. MEP Cristian Dan Preda, the chair of the delegation, added during discussions, t...

Rising sea levels threaten millions of Indians, Bangladeshis

The tiny hut sculpted out of mud at the edge of the sea is barely large enough for Bokul Mondol and his family to lie down. The water has taken everything else from them, and one day it almost certainly will take this, too. environmentSaltwater long ago engulfed the 5 acres where Mondol once grew rice and tended fish ponds, as his ancestors had on Bali Island for some 200 years. His thatch-covered hut, built on public land, is the fifth he has had to build in the last five years as the sea creeps in. “Every year we have to move a lit...

Company in Bangladesh agrees to union peace

After wielding intense pressure against a Bangladeshi apparel maker over assaults on union leaders outside its factories, Western companies have agreed to resume business with that manufacturer, on the condition that it stay committed to halting further violence and make peace with its labor unions. Bangladesh-rmg-workerVF, which makes North Face and Nautica, and PVH, the parent of Calvin Klein and Tommy Hilfiger, as well as Gap, El Corte Ingles and other companies, had cut off or threatened to cut off orders from the...

BHBFC honours PM’s Principal Secretary

Md. Abul Kalam Azad, Prime Minister’s Principal Secretary has been honored for his recent promotion.Dr. Md. Nurul Alam Talukder, the Managing Director of Bangladesh House Building Finance Corporation (BHBFC) and Executive Chairman of Greater Mymensingh Co-ordination Council (GMCC) congratulated Mr. Azad giving him a wreath of flowers. BHBFC33GMCC arranged its 4th General Meeting at Scout Bhaban in the city on 18th instant and honored the Principal Secretary. Mr. Azad is the Chairman of the council. The Secretary General...

ConocoPhillips-Statoil jt venture set to get its way

At long last, the joint venture of US oil major ConocoPhillips and Norway’s Statoil looks set to be awarded all three of the deep sea blocks in the Bay of Bengal it desires, with the Cabinet Economic Affairs Committee slated to consider their proposal in its meeting on Wednesday. gasolinEarlier, the government’s decision was to award only two blocks to the US-Norwegian JV. But now the government seems to be backtracking from its earlier stance that no single company or joint venture will get more than two blocks in the deep sea. According to...

Atiur for more SME financing by banks

Bangladesh Bank Governor Dr. Atiur Rahman has strongly advocated more lending to small and medium enterprises (SMEs) by commercial banks for promoting inclusive growth, reports BSS. dr. atiurThe governor said the Basel Rules imposing higher capital charges on bank lending to SMEs are viewed as riskier than larger corporates, and to some extent as a disincentive for commercial banks. However, he noted that the substantially higher interest the banks earn on SME loans is well enough to cover the marginally higher capital charge related costs. ...
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