Browse Category

Regulators

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. BHBFC-300During 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. bb“We are in talks with the Fed and hoping that the meeting will take place anytime at the end of this month ...

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 forexthe 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,
Verified by MonsterInsights