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Regulators

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 BB Governorrecently 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"]

Help BD recover stolen money, pursue NY Fed: WB

On February 5, 2016, cyber-robbers made off with $81 million dollars (US) after successfully executing a series of transactions that traveled through the New York Federal Reserve Bank and moved money to accounts in Sri Lanka and the Philippines. As the process of investigating and attempting to recover the illegally purloined funds continues, the World Bank has stepped into the fray. It has proposed to help the Bangladesh Bank in its efforts to recover the stolen money and to enhance Bangladesh’s cyber security. The offer came via letter sent to the Bangladesh Bank on Sunday. The World Bank offered to extend support to the Bangladesh Bank in its efforts to pursue resolution of this matter with the US Federal Reserve. The attack used a Federal Reserve

China to help Bangladesh build deep seaport: Envoy

China would help Bangladesh build its first deep seaport at any site in the country to facilitate trade and business, Chinese Ambassador Ma Mingqiang said today. “China is willing to cooperate with any other country in this regard...the cooperation is open and it is not exclusive,” he told diplomatic correspondents at Jatiya Press Club here. Diplomatic Correspondents Association, Bangladesh (DCAB) organized the discourse styled “DCAB Talk” with its President Angur Nahar Monty in the chair. DCAB General Secretary Pantho Rahman also spoke. China h... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

Pol stability, good governance must to achieve SDGs

If there is political stability economic growth will be higher definitely said commerce Minister Tofail Ahmed, M.P. while delivering his speech as the Chief Guest at ICC Dialogue on Sustainable development Goals : Challenges for Bangladesh organized by ICC Bangladesh in Dhaka on Sunday, 20 March. He mentioned that if the 7th five year plan is properly implemented then it will help us a lot to achieve SDGs and the country’s export will reach US$60 billion by the end of 7th Plan. He thanked ICC Bangladesh President Mahbubur Rahman as well as other business leaders for working hand in hand with the government in different developmental issues. The Minister mentioned that the Government of Prime Minister Sheikh

New trade portal makes business easier in Bangladesh

With the launch of its new trade portal, the government of Bangladesh’s is making import and export information more easily accessible to traders interested in doing business in the country. The portal, a website that provides documents and information on the trade process, is hosted by the Ministry of Commerce with support from the World Bank Group and is expected to accelerate growth in Bangladesh and increase investments. The Bangladesh Trade Portal will make it easier for traders and investors to comply with regulatory requirements associated with the importation and exportation of goods as well as
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