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WB praises Bangladesh progress in reducing poverty

Bangladesh is recognized globally for making remarkable progress in reducing poverty and advancing human development, said Annette Dixon, World Bank vice-president for the South Asia region, Thursday. wb“Other countries can learn from Bangladesh’s rich development experience,” Xinhua news agency quoted Dixon as saying as she concluded her first visit to Bangladesh since assuming her position in December 2014. Dixon has pledged strong support for the people of Bangladesh to achieve the goal of becoming a middle-income country by the end of this decade. ...

Kuwait- KFAED offers KD-10-m loan to Bangladesh

The Kuwait Fund for Arab Economic Development (KFAED) has signed a loan agreement with Bangladesh totaling about KD 10 million (USD 34.2 million) for carrying out road projects in northern Dhaka. Bangladesh-KuwaitThe KFAED said in a news statement here on Monday that the deal was inked in Dhaka, the capital of Bangladesh, by KFAED’s Deputy Director-General Hamad Al-Omar and Bangladesh’s representative Mohammad Mesbah El-Din. The projects aim to support social and economic development in Dhaka by decreasing traffic congesti...

Mola can double fish output: Study

Fish production could be made almost double in pond aquaculture introducing mola fish with other carp fishes, shows a research of WorldFish Centre in Dhaka, reports UNB. “Before our intervention, three tonnes of fishes were produced in a one- hectare pond, now fish production has increased to over 5.5 tonnes, of which one tonne is mola fish,” Dr Benoy Kumar Barman, senior scientist of WorldFish Bangladesh and South Asia, told UNB. mola fishRevealing their research findings, he said fish production of carp fishes have increased after intr...

Upswing in banks Oct-Dec capital base

The capital base of the country’s banking sector increased significantly in the final quarter of the calendar year 2014 despite shortfalls witnessed by six banks, mostly state-run ones. The total eligible capital, generally known as actual capital of the country’s banking sector, rose by more than 10 per cent to Tk 717.54 billion (Tk 71754 crore) during the bbOctober-December period of the last calendar year from Tk 649.33 billion in the previous quarter, according to the Bangladesh Bank (BB) statistics, reports the Financial Express (FE). “The capital base of ban...

Remittance worth $ 597.90m on February

In the first 13 days of the current month of February, Bangladesh received $597.90 million in remittance. remittanceThe four state-owned commercial banks — Agrani, Janata, Rupali and Sonali — received $196.59 million from the expatriate Bangladeshis while four state-owned specialised banks got $8.92 million, statistics from Bangladesh Bank showed. The highest remittance came through the private commercial banks who received $385.62 million while the nine foreign banks acquired only $6.77 million. Among the private commercial banks, I...

Barings Sees Opportunities in Bangladesh, Sri Lanka and Nigeria

Global events have had an unusually powerful effect on frontier markets recently, says Michael Levy, manager of Barings’ $50 million frontier markets fund. Frontier economies are commonly considered to be less affected by global developments than emerging markets but as oil prices slumped over the past eight months the frontier markets as an asset class suffered a similarly steep decline. BN-HA750_bangph_G_20150219164428Levy, though, believes the effect will be temporary. “Certainly, there have ...
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