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Fitch affirms Bangladesh at ‘BB-‘; Outlook stable

Fitch Ratings has affirmed Bangladesh's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BB-'. The Outlooks on the Long-Term IDRs are Stable. The Country Ceiling has been affirmed at 'BB-' and the Short-Term Foreign- and Local-Currency IDRs at 'B'. KEY RATING DRIVERS Bangladesh's ratings balance strong foreign-currency earnings and high and stable real GDP growth against weak structural indicators, significant political risk and weak banking-sector health. Bangladesh's external finances are supported by comfortable and gradually rising foreign-exchange reserves, amounting to USD32.1bn in December 2016 (7.9 months of current external payments, compared with 4.4 months f...

Job fairs in Riyadh, Jeddah to recruit more BD workers

The Bangladesh Embassy in Riyadh is making extensive arrangements to hold job fairs on Jan. 30 and Feb. 1 in Riyadh and Jeddah respectively to attract Saudi recruiting companies. The programs in Riyadh and Jeddah will include seminars, workshops and B-to-B meetings between Bangladeshi officials and local job agents, Bangladesh Ambassador Golam Moshi told Arab News. The interaction between the two parties will raise awareness about labor regulations and recruitment schemes in the two countries, he said. Saudi visaMore t...

BD falls short in tackling childhood stunting

Scampering up the wall of his tin shack in Bangladesh’s capital, three-year-old Rozzob Ali has the same combination of mischief, charm and boisterous energy as many other boys. But the fourth of five children, all born in a Dhaka slum, Ali shows one danger sign - at 80 centimetres tall, he is a good 10 cms shorter than the ideal height for a boy his age. Poverty and a diet of mostly boiled rice or mashed potato are partly to blame for his stunting, bd-childwhich is caused by a lack of nutrients, protein, vitamins and ...

Jakarta to help Myanmar-Bangladesh bridge building

Foreign Minister of Indonesia Retno Marsudi has said, her country is carrying out intensive diplomacy to help in the Rohingya humanitarian crisis in Myanmar, while keeping in mind that the issue is very sensitive in Myanmar. Ms Retno also said on Sunday that Indonesia is trying to help with bridge building between Myanmar and Bangladesh as their bilateral ties have been affected by the Rohingya issue. “I’m carrying out our diplomacy carefully so it will not cause a tumult, because Rohingya ROHINGYAconflicts are very sensi...

Rohingya find help, sympathy in Bangladesh

On the shores of the Naf River in Southern Bangladesh, fishermen aren’t the only ones taking to the waters. In the last two months, hundreds of boats loaded with Rohingya Muslims fleeing across the river from Myanmar have arrived near the border town of Teknaf. Most residents in the predominately Muslim country are sympathetic to the plight of the ethnic Rohingya who use the area as an entry point into the country to escape persecution in Myanmar’s Rakhine state. rohingya-childrenWhile some of the a...

Children take the lead in cyclone early warnings

As Cyclone Roanu approached the coast of Bangladesh last May, 10-year-old Mohammad Hossain worried about his father, a fisherman out at sea in the Bay of Bengal. But the schoolboy, who lives in the Kutubdia Para neighbourhood of Cox's Bazar, a town on the southeast coast of Bangladesh, knew what to do. He sent his father, Ramzan Ali, a text message, asking him to return to shore and take shelter. Fortunately, Ali was close enough to the coast to receive the message. He forwarded it to climatefishermen on other boats, an...
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