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NRB banks channel diaspora investment to Bangladesh

When Iqbal Ahmed set out to launch Bangladesh’s first-ever bank with the specific mission of tapping into diaspora funds, his biggest challenge seemed obvious: to convince other non-resident Bangladeshis that their country of origin was an attractive investment destination. [caption id="attachment_20037" align="alignright" width="650"]wsj Bangladesh’s government hopes non-residents’ banks will channel funds into infrastructure projects. Bloomberg News[/caption] Returning to invest in Bangladesh—a country that Henry Kissinger once called a basket case — seemed unthinkab...

Forcibly displaced people reaches 60m worldwide

As we continue to see headlines and editorials almost every day about migrants and refugees, it’s not surprising when UNHCR reports that the number of forcibly displaced people has reached 60 million worldwide for the first time since World War II. This figure includes internally displaced people, refugees, and asylum seekers. While many are on the move as refugees, others migrate willfully at rates that have also reached unprecedented levels. Below, I’ve explored some trends in regional, country- and economic-level migration and refugee data. But first: What’s the difference between a migrant

Women taking charge from top to bottom

Rani Mondal searches the floor of the riverbed with her fingers, craning her neck above the water. The river is home to a farm of clawing crabs. “It hurts a lot when you are bitten but you apply salt and Savlon and go to the doctor’s if it gets septic,” Mondal said. An award-winning crab farmer living on the edge of the Bay of Bengal, she used to be extremely poor. Her village has been battered repeatedly by cyclones, making the ground too salty for large-scale agriculture. [caption id="attachment_20028" align="alignright" width="650"]Rani Mondal (centre) and fellow crab farmers, who work... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

Travel alerts for Westerns after Dhaka incident

Canada has joined the United States and the United Kingdom in issuing travel alerts for their nationals while visiting or staying in Bangladesh, following the killing of an Italian citizen in Dhaka on Monday. The European Union's ambassador to Bangladesh on Tuesday condemned in the strongest possible terms the assasination of Cesare Tavella, for which Islamic State reportedly claimed responsibility. [caption id="attachment_20006" align="alignright" width="540"]Cesare Tavella, the Italian national was shot thrice, post-mortem report says. Photo: Collected Cesa...

212 disappeared between Jan 09 and Aug 15

Between January 2009 and August 2015, human rights groups have documented at least 212 people forcibly disappeared in the country, says a statement of the Asian Legal Resource Centre (ALRC). ALRC said, many witnesses have testified to law enforcement agents’ involvement in these cases, and the pattern of abductions and the profiles of victims suggest that disappearances are used by the government to silence political opponents. Efforts by human-rights-Bangladeshvictims’ families to obtain information or justice have been ign...

ADB forecasts 6.7pc GDP growth

Bangladesh economy is expected to perform strongly this year, according to the latest figures from the Asian Development Bank (ADB). ADB in its outlook update 2015 forecasted that Bangladesh’s Gross Domestic Product (GDP) growth will be 6.7 percent this fiscal year, up from 6.5 percent in the previous year. adb1“Brisk domestic demand, supported by remittances, public investment and manufacturing for domestic market pulled the economic growth in FY2015,” Kazuhiko Higuchi, country director of ADB, said at a media briefing at the Bank’s Dhaka office today. T...
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