ADB signs trade finance deal with four banks
The Asian Development Bank (ADB) and four Bangladesh banks—The City Bank, Mutual Trust Bank, Pubali Bank, and Southeast Bank—today signed trade finance program agreements for a total value of $40 million.
“Under these agreements, ADB and our Bangladesh bank partners will provide loans and guarantees to support exporting and importing companies in Bangladesh, including small and medium-sized enterprises,” said Steven Beck, ADB’s head of trade finance. “This agreement will help create economic growth and jobs.”
The City Bank, Mutual Trust Bank, and Pubali Bank are all new banks joining the Trade Finance 
BB to appoint consultant to beef up security
Bangladesh Bank (BB) has decided to appoint a permanent consultant to oversee its IT and overall security measures, a senior official said.
“We are now working on hiring the consultant, who will be employed under an annual contract,” the official told The Daily Star, wishing not to be named.
The BB took the decision after it lost $101 million to cyber thieves from its foreign currency 
reserve account with the Federal Reserve Bank of New York on February 5. The money was wired to the Philippines and Sri Lanka.
At the request of...
reserve account with the Federal Reserve Bank of New York on February 5. The money was wired to the Philippines and Sri Lanka.
At the request of...
ADB forecasts 6.7pc growth for 2015-16
Bangladesh’s growth for this fiscal will improve marginally and stand at 6.7 percent driven by apparel export and domestic consumption, Asian Development Bank forecast today.
The improvement will be 0.1 percent increase from the 6.6 percent growth recorded last fiscal.
Higher growth will be driven by readymade garment export and a resilient domestic consumption, said ADB’s country director for Bangladesh Kazuhiko Higuchi.
He was talking while launching ADB’s Annual Outlook Report 2016 at its Agargaon office in the capital, D...
Higher growth will be driven by readymade garment export and a resilient domestic consumption, said ADB’s country director for Bangladesh Kazuhiko Higuchi.
He was talking while launching ADB’s Annual Outlook Report 2016 at its Agargaon office in the capital, D...
ECNEC okays eight projects with TK 1,442cr
The Executive Committee of the National Economic Council (ECNEC) today approved eight development projects involving Taka 1,442 crore.
The approval came at the 25th meeting of the ECNEC in the current fiscal held at the NEC conference room in the city’s Sher-e-Bangla Nagar with ECNEC Chairperson and Prime Minister Sheikh Hasina in the chair.
Planning Minister A H M Mustafa Kamal, after the meeting, briefed newsmen about its outcome, 
reports BSS.
He said the eight projects approved would require Taka 1,442.4...
reports BSS.
He said the eight projects approved would require Taka 1,442.4...
Governor seeks overseas coop to recover heist money
Bangladesh Bank Governor Fazle Kabir has sought cooperation from overseas by sending letters to recover the heist money of about $81 million from Bangladesh Bank (BB) account with Federal Reserve Bank of New York.
BB executive director and spokesperson Subhankar Saha told journalists that the governor has 
recently sent letters to Bangladesh permanent representative of United Nations, President of the Board of Governors of Federal Reserve System and Philippine's central bank governor and chief of anti money...
recently sent letters to Bangladesh permanent representative of United Nations, President of the Board of Governors of Federal Reserve System and Philippine's central bank governor and chief of anti money...
Nordic firms to invest more in Bangladesh
Around 91 percent of Nordic companies doing business in Bangladesh are contemplating to increase their activities in Bangladesh over the coming 3-years period. The reason behind increasing activities in Bangladesh could be due to 34% of the respondents experiencing higher profits compared to other markets they are active in, a rise from 25% in 2013.
There has been a 9% rise in favorability of doing business in Bangladesh since 2013 with 56% of the Nordic businesses reporting a very favorable outlook in 2015.
[caption id="attachment_22411" align="alignleft" width="650"]
