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ICAB Member Confce held

Mr. Michael Hathron, Board Member of International Federation of Accountants (IFAC) presenting Key-note paper on 'IFAC Current Initiatives' at a Member's Conference organised by the Institute of Members Conference PictureChartered Accountants of Bangladesh (ICAB) at CA Bhaban Auditorium on Tuesday, 13 January 2015. President ICAB Masih Malik Chowdhury FCA, Vice President A F Nesaruddin FCA, Past President M J Abedin FCA and Past President & Director CAPA Board Anwaruddin Chowdhury FCA were also seen on ...

WB cuts 2015 forecast for global economy  

The World Bank (WB), citing stagnation in Europe and Japan and a slowdown in China, downgraded its forecast for the global economy this year. It also reported that world economic growth came in below expectations in 2014. The bank predicts the world economy will expand 3 percent this year, up from 2.6 percent in 2014. Last June, World Bank economists had forecast 3.4 percent global economic growth this year and 2.8 percent last year. “The recovery has been sputtering in the Euro Area and Japan as legacies of the financial crisis linger ... China, meanwhile, is undergoing a carefully managed slowdown,” the bank said Tuesday in the first of its twice-yearly Global Economic Prospects reports for 2015.

BoP surplus shrinks for gaping trade deficit

Country’s overall trade deficit almost doubled in the first five months of the current fiscal year (FY) 2014-15 because of higher import payments and lower export receipts, officials said. The trade deficit rose 99.15 per cent to US$ 4.48 billion during the July-November period of FY 15 from $2.25 billion in the corresponding period of the previous fiscal. Bangladesh BankBangladesh Bank holds little hope to see any improvement in the situation in the near future. Trade circles and officials point out the country’s current situ...

Three key development projects under scanner  

Three key development projects have been put under intensive monitoring of the Economic Relations Division (ERD) because of their slow pace of execution, officials said. The three projects are Phase- 1 of Karnaphuli Water Supply Project, Khulna Water Supply Project, and Chittagong City Outer Ring Road Project. “Performance of the three important projects will be closely monitored for their timely implementation,” ERD’s senior secretary Mohammad Mejbahuddin told the FE. govtHe said the agencies concerned have been asked to accelerate works relat...

US condemns attack on ex-foreign secy Reaz  

Expressing deep shock over the attack on former foreign secretary Reaz Rahman, the United States has urged Bangladesh government to investigate, track down, and hold accountable those responsible for the act. “There is no justification for such outrageous and cowardly acts in a democratic Bangladesh; we condemn the use of violence for political objectives,” Deputy Spokesperson of the US Department of State Marie Harf said in a press statement. us-state-logo_2She said, “We urge all sides to refrain from acts of violence. We ca...

Cardiff pupils off to Bangladesh for school campaign

Two year 10 pupils from Wales have won this year’s Steve Sinnott award to be young ambassadors for the Send My Friend to School campaign, after wowing the judges with their dynamism, charisma and commitment. Emily Pemberton and George WattsGeorge Watts and Emily Pemberton, from Ysgol Gyfun Plasmawr in Cardiff, will travel to Bangladesh next month with the Global Campaign for Education UK, to learn first hand about barriers to education in a crucial year for the campaign. The Millennium Development Goa...
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