WB lends $ 10m for procurement data centre upgrade
Public procurement in Bangladesh is to be upgraded and expanded with an additional $10m in World Bank (WB) cash.
The loan, which brings the bank’s financing for its procurement project in Bangladesh to $68.1m, will be used to replace a data centre, where capacity is too low to keep pace with growing demand from public procurement bodies.
The bank said it will ensure the effective use of public money and increase transparency in the procurement system.
Rajashree Paralkar, acting World Bank country director for Bangladesh, said the results of
BB to unveil monetary policy next week
Bangladesh Bank (BB) will unveil the monetary policy statement (MPS) for the first half of the current 2016-17 financial year (FY17) next week, reports BSS.
"We are finalising the MPS, which will be unveiled later this month," BB Chief Economist Biru 
Paksha Paul told BSS today.
He said like previous ones, the next MPS would be finalised in line with the national budget while it would have major focus on areas including credit, GDP (gross domestic product), inflation and exchange rate.
The central bank on January 14 this year u...
Paksha Paul told BSS today.
He said like previous ones, the next MPS would be finalised in line with the national budget while it would have major focus on areas including credit, GDP (gross domestic product), inflation and exchange rate.
The central bank on January 14 this year u...
BHBFC profits Tk 166.98cr during 2015-16 FY
Bangladesh House Building Finance Corporation (BHBFC) earned profits of Tk. 166.98 crore during the fiscal year 2015-16. From July 2015 to June 2016, the Corporation gained income totaling Tk. 245.18 crore.
During the same time of the last fiscal year the amount was Tk. 242.89 crore. Recovery from loan was 518.40 crore in 2015-2016 FY, which is significant increase of 35.67 crore than the previous year. Loan sanction and disbursement were 260.91 crore and 247.38 crore respectively at that time.
Classified loa...
During the same time of the last fiscal year the amount was Tk. 242.89 crore. Recovery from loan was 518.40 crore in 2015-2016 FY, which is significant increase of 35.67 crore than the previous year. Loan sanction and disbursement were 260.91 crore and 247.38 crore respectively at that time.
Classified loa...
Meeting on BB heist with NY Fed postponed
A meeting between Bangladesh central bank officials and the New York Federal Reserve scheduled for this week to speed up efforts to recover $81 million stolen from Bangladesh Bank’s account at the Fed has been postponed, officials in Dhaka said.
A four-member Bangladesh Bank team headed by deputy governor Mohammad Razee Hassan, who also heads its financial intelligence unit, was to meet Fed officials in New York on July 15.
“We are in talks with the Fed and hoping that the meeting will take place anytime at the end of this month ...
“We are in talks with the Fed and hoping that the meeting will take place anytime at the end of this month ...
IBBL committees reformed
Yousif Abdullah Al Rajhi has been re-elected and M. Azizul Huq has been elected vice-chairmen of Islami Bank Bangladesh Limited. Besides, Executive Committee, Audit Committee and Risk 
Management Committee of the bank have been reformed with Prof. Syed Ahsanul Alam, Helal Ahmed Chowdhury and Md. Abdul Mabud, PPM as chairmen respectively.
Azizul Huq
Management Committee of the bank have been reformed with Prof. Syed Ahsanul Alam, Helal Ahmed Chowdhury and Md. Abdul Mabud, PPM as chairmen respectively.
Azizul Huq
- Azizul Huq is Vice-Chairman and Independent Director of Islami Bank. He was first executive president (CEO) of the bank. He was the fir...
JP firms assess work prospects, staff safety in BD
Friday’s terrorist attack in Dhaka has dampened work prospects for many Japanese firms, which in recent years have grown more dependent on Bangladesh as a manufacturing base as well as a market.
Some of the 240 Japanese companies with offices or factories in Bangladesh said Monday they have suspended employee trips from Japan to the country and grounded local employees in the wake of the attack by Islamic militants in which a total of 28 people, including six attackers, lost their lives. Among the dead were seven Japanese.
Fast Retailing Co., which runs the Uniqlo clothing brand, said its employees are restricted from entering ![]()
