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ICAB Certificate of Merit to Pubali Bank

Pubali Bank Limited has won the “Certificate of Merit” award of ICAB for presenting best annual report for the year 2013 in the category of Private Commercial Bank by the Institute of Chartered Accountants of Bangladesh (ICAB) for transparency, accountability and establishing good governance. ICAB Award -2014Helal Ahmed Chowdhury, Managing Director & CEO of Pubali Bank Limited received the award on behalf of the bank from Abul Maal Abdul Muhith, Hon’ble Minister, Ministry of Finance at a function in Dhaka recently. Presid...

Bangladesh ranks 14th in graft index  

Bangladesh has been ranked 14th sliding two notches down in the graft index among 175 countries, according to a survey of Transparency International. tib logoOn a scale of 0-100, Bangladesh has scored 25 and has been ranked 2 steps lower than that in 2013 from bottom. The TI Bangladesh (TIB) unveiled the findings at a press conference at Jatiya Press Club in Dhaka today. According to the report, the country stood 145th among 175 countries, which is nine notches lower than the last year’s 136 across the world based on corruption percepti...

EU to form European Union Business Council in BD  

The European Union (EU) is going to form a European Union Business Council (EUBC) in Bangladesh, commerce minister Tofail Ahmed said Tuesday. The EU expressed its interest to import medicine, ship and ICT along with readymade garment items from Bangladesh, he told reporters after exchanging views with Pierre Mayaudon, the newly- appointed ambassador of the EU at the ministry. euAn EU business council would be formed comprising the Ambassadors of the EU countries in Bangladesh and leaders of trade bodies concerned aiming to increase import of Bangladeshi goods an...

Shrimp face key test as EU safety team’s visit nears    

Frozen food exporters will face a key test early next year when a European Union team visits the country to check whether shrimp being destined to the block meets safety requirement. Exporters and officials have termed the visit by the European Union Food and Veterinary Office (FVO) in April 20-30 a 'critical test' for the shrimp industry, saying the team is coming after three years and it would determine the course of the nation's third largest export earners. MDG : Bangladesh Shrimp industry"Our future largely depends on the mission's progres...

Remittance rebounds in November

Remittance in November rose 14.7 percent to $1.17 billion from the previous month on the back of legalisation of migrant workers in Saudi Arabia. November's receipts were over 10 percent higher than in the same month a year ago, according to data from Bangladesh Bank, reports the Daily Star. remittanceBanks' active role in remitting money from expatriates had also contributed to the growth, said Kazi Saidur Rahman, general manager of BB's foreign exchange reserve and treasury management department. The appreciation of the dollar agai...

Artificial intelligence could end mankind, says Hawking.

Prof Stephen Hawking, one of Britain's pre-eminent scientists, has said that efforts to create thinking machines pose a threat to our very existence. He told the BBC:"The development of full artificial intelligence could spell the end of the human race." His warning came in response to a question about a revamp of the technology he uses to communicate, which involves a basic form of AI. stephen-hawking_1But others are less gloomy about AI's prospects. The theoretical physicist, who has the motor neuron disease amyot...
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