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 ![]()
Gulshan siege highlights Japan’s dev aid overseas
The militant attack at an upscale Gulshan cafe in Bangladesh’s capital, where Japanese and other foreign diners were taken hostage, highlights Japan’s major role in development work overseas, particularly in Asia.
Eight outside consultants for Japan’s development agency were eating together at Holey Artisan Bakery in a diplomatic zone in Dhaka when the attack began around 9:20 p.m. Friday. One, who had been shot, was among 13 hostages rescued after security forces stormed the restaurant Saturday morning. Before the fates of the others were confirmed, Japanese Prime Minister Shinzo Abe described the situation as dire.
“These people are those who worked hard for the development of Bangladesh, and so this is the
Forex reserves crosses $ 30b mark
Bangladesh’s foreign exchange reserves have crossed the $30bn mark amid a boom in inflow of remittances ahead of one of the biggest Muslim religious festivals - Eid al-Fitr that marks the end of the holy month of Ramadan.
A senior official of the Bangladesh Bank (BB) who did not like to be named said yesterday that 
the country’s foreign exchange reserves reached a record amount of $30,001.88mn on Monday, reflecting the country’s strength from the economical and financial point of view.”
Officials reported an increase in ...
the country’s foreign exchange reserves reached a record amount of $30,001.88mn on Monday, reflecting the country’s strength from the economical and financial point of view.”
Officials reported an increase in ...
Contract with FireEye unlikely to extend
Bangladesh Bank is unlikely to extend the contract of U.S. cyber security firm FireEye to investigate the electronic theft of $81 million of its money, sources at the bank said on Wednesday, citing high costs as one of the factors.
The move comes as law enforcement in Bangladesh and the United States have reported little progress in identifying the criminals more than four months after one of the biggest cyber heists to date.
FireEye’s Mandiant forensics division was hired by Bangladesh Bank weeks after the cyber heist in early February. It said in an interim report that hackers took control of the bank’s network, 
Atiur blames global system for BB heist
The former governor of Bangladesh’s central bank, from which $81 million was stolen in February, says that flaws in the global money transfer system — and not any misstep by him — are to blame for the brazen cyberheist.
In an interview this week at his home in a well-to-do neighborhood in the Bangladeshi capital, Dhaka, Atiur Rahman, who resigned from his post after the theft, said that the loss had been a “systemic failure” and that “Bangladesh should not be blamed for something going wrong in the chain.”
In particular,...
In particular,...
100 Palli Sanchay Bank branches to launch tomorrow
Prime Minister Sheikh Hasina will inaugurate 100 branches of Palli Sanchay Bank tomorrow as part of the step towards establishing branch of this bank in each upazila.
The Prime Minister will inaugurate the branches through video conference at Ghana Bhaban at 
12pm, said a press release.
She will also exchange views with different officials and members of the bank through video conference.
The government enacted the Palli Sanchay Bank Act, 2014, for setting up the bank for savings in the rur...
12pm, said a press release.
She will also exchange views with different officials and members of the bank through video conference.
The government enacted the Palli Sanchay Bank Act, 2014, for setting up the bank for savings in the rur...
