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Bangladesh invites Mamata Banerjee

The Bangladesh government has invited West Bengal Chief Minister Mamata Banerjee to visit the neighbouring country. A highly-placed state government source told PTI that an invitation came yesterday through official channels to visit Bangaldesh from February 19-22. mamata_hasinaThe timing coincides with ‘Bhasha Diwas’ which is observed every year on February 21 to pay tribute to language martyrs in Bangladesh. Recently Bangladesh Finance Minister Abdul Muhith, on a visit to Kolkata, had hoped that Banerjee will visit their coun...

Royal HaskoningDHV wins major contract coastal protection

International engineering and project management consultancy Royal HaskoningDHV has signed a €10.5 million contract with the Bangladesh Water Development Board for engineering consultancy services to protect Bangladesh’s vulnerable coastal zone, home to millions of people. green-businessThe next six years Royal HaskoningDHV will be responsible for the detailed design, construction supervision and project management support of hundreds of kilometres of embankment to protect 17 coastal polders and its inhabitants and their livelihood...

Yunus honored by Indian PM Narendra Modi

Indian Prime Minister Narendra Modi presented a gold medal to honour Nobel Laureate Professor Muhammad Yunus at the opening ceremony of the 102nd Indian Science Congress in Mumbai on 3 January. Professor Yunus along with four other Nobel Laureates and five scientists from India received the gold medal during the inaugural session of the Indian Science Congress in the presence of more than 20,000 strong audience including Ministers, Chief Ministers, leading scientists, Vice Chancellors of dozens of Indian Universities and delegates from India and abroad. Yun... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

NRBC Bank donates blankets to PM’s Relief Fund

NRBC Bank (NRB Commercial Bank Limited) recently donated blanket to the Prime Minister’s Relief Fund to help the cold suffering people of the country. BlanketEngr. Farasath Ali, Chairman of NRBCBank handed over blanket to the Prime Minister Sheikh Hasina at the Gonobhaban. Additional Managing Director Mr. A S M Bulbul and Deputy Managing Director Mr. Md. Shoaib Ahmed of the Bank were also present on the occasion.  

Investigate huge remittance outflow to India: CPD    

The Centre for Policy Dialogue (CPD) yesterday recommended the government should form a committee to investigate the large remittance outflows to India. Bangladesh is now the fifth largest remittance source for India, with around $3.7 billion sent in 2013. CPD1The number is expected to only increase in the coming years, according to Silicon India, a portal for professionals. “This is a warning signal,” Mustafizur Rahman, executive director of CPD, said, adding that both the Board of Investment and Bangladesh Bank may want to investigate how such huge sums...

Government borrowing likely to rise  

The Bangladesh Bank has published the auction calendar of Treasury Bills and Bonds for the first quarter of 2015. The government is going to borrow Tk 40 billion from the banking sector in January 2015 through auction of treasury bills and bonds including Tk 38 billion from bills and Tk 2 billion from Bonds respectively. Meanwhile, the government will pay the banking sector Tk 57 billion in January in the form of maturity of outstanding T-bills and Bonds and approximately Tk 7.65 billion in the form of coupon interest. Therefore, the liquidity of the market will go up by approximately Tk. 24.65 billion in total which is expected to reduce the call money rate in January. The call money rate hit 8.90 per cent in December last due to the banks' tendency to disburse more loans at year-en...
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