Seismic retrofit and a step forwards building safety
Public Works Department (PWD) under the Ministry of Housing and Public Works (MoHPW) and Japan International Cooperation Agency (JICA) launched a Project on Promoting Building Safety for Disaster Risk Reduction in the Public Buildings in Bangladesh (BSPP) at Lake Shore Hotel, Gulshan, Dhaka on Saturday. Vice Chancellor, University of Asia Pacific Prof. Jamilur Reza Choudhury, as the Chief Guest.
Joint Secretary of Ministry of Housing and Public Works, Rahamat Ullah Mohd. Dastagir, ndc, as well as Additional Chief Engineer of Public Works Department, Syed Azizul Haq, as special guest, and Chief Representative of JICA Bangladesh Office, Mr. Mikio Hataeda as the Guest of ![]()
Fitch affirms Bangladesh at ‘BB-‘; outlook stable
Fitch Ratings has affirmed Bangladesh's Long-Term Foreign- and Local-Currency Issuer Default Ratings at 'BB-'. The Outlooks on the Long-Term IDRs are Stable. The Country Ceiling is affirmed at 'BB-' and the Short-Term Foreign-Currency IDR at 'B'. KEY RATING DRIVERS Bangladesh's rating balances strong foreign-currency earnings and high and stable real GDP growth against significant political risk and weak banking-sector health.
Strong and relatively stable foreign-currency revenue from remittances and garments exports, two main pillars of Bangladesh's economy, support the external balances and overall credit profile. Bangladeshi exports have only been moderately affected by the current global trade slowdown: exports grew 5.9% over the year to January 2016, compared with 9.0% a year ea...
MasterCard, WU join bKash for cross-border money transfers
MasterCard, Western Union(WU), bKash, one of the world’s leading mobile financial service (MFS) providers and BRAC Bank launched a new, international remittance receiving service in Bangladesh on Monday (18-04-2016). The new service enables bKash’s registered customers to use their mobile phones to receive remittances from abroad directly into their bKash accounts.
Bangladesh is the eighth1 largest receiver of international remittances in the world, and therefore the new service stands to improve the ease and convenience with which millions of people are able to receive money from their loved ones abroad - a vital lifeline for many families.
The new service builds on the unprecedented success of bKash, which has attracted more than
The all other banking scams in BD
On Feb. 4, $101 million dollars of Bangladesh’s foreign exchange reserves were stolen from its account at the Federal Reserve in New York. Only about $20 million have been recovered so far, and it still isn’t known who took the money or where it ended up. The heist is being described as one of the biggest bank robberies in history.
But it’s hardly the first time tens of millions of dollars have vanished from Bangladesh’s banks. The high-flying cyberscam at the Federal Reserve pales in comparison with the routine plunder of Bangladesh’s financial system, including by some of its purported guardians.
The country’s six state-owned commercial banks (SOCBs) control around one-quarter of all bank assets in the country but have on outsize influence on the economy thanks to their connecti...
WB powers Bangladesh energy surge
The World Bank (WB) has announced that it will invest $217 million to revive Bangladesh’s creaking energy infrastructure. In a statement released on their website, the organisation told the world that an agreement had been signed.
The deal was between the International Development Organisation and government of Bangladesh, to upgrade a section of the Ghorashal power station. This development would more than double the power station’s electricity generating capacity.
This upgrade will be signal a technological milestone. The ‘Ghorashal Unit 4 Repowering 
GDP reaches at 7.03pc, GNI at $1466
The country's GDP (gross domestic product) growth registered a phenomenal rise in the first nine months (July-March) of the current 2015-16 financial year (FY16), reaching 7.05 percent while the per capita income (GNI) surged to $1466.
Referring to the latest report of the Bangladesh Bureau of Statistic (BBS), Planning Minister 
AHM Mustafa Kamal termed the economic growth as an extraordinary achievement in the country's economic front, reports BSS.
The minister was briefing journalists after the meeting of the National E...
AHM Mustafa Kamal termed the economic growth as an extraordinary achievement in the country's economic front, reports BSS.
The minister was briefing journalists after the meeting of the National E...
