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Bangladesh

WB cuts 2015 forecast for global economy  

The World Bank (WB), citing stagnation in Europe and Japan and a slowdown in China, downgraded its forecast for the global economy this year. It also reported that world economic growth came in below expectations in 2014. The bank predicts the world economy will expand 3 percent this year, up from 2.6 percent in 2014. Last June, World Bank economists had forecast 3.4 percent global economic growth this year and 2.8 percent last year. “The recovery has been sputtering in the Euro Area and Japan as legacies of the financial crisis linger ... China, meanwhile, is undergoing a carefully managed slowdown,” the bank said Tuesday in the first of its twice-yearly Global Economic Prospects reports for 2015.

Third ‘border haat’ along India-Bangladesh frontier opens

Tripura’s first “border haat” - the third such market along India’s frontier with Bangladesh - was inaugurated here Tuesday to boost trade of local produce of both the nations. Union Commerce and Industry Minister Nirmala Sitharaman and her Bangladeshi counterpart Tofail Ahmed jointly inaugurated the “border haat” here, about 140 km south of Tripura capital Agartala. borderhaat-112Two “border haat” were set up in 2012 on Meghalaya-Bangladesh border - Kalaichar (India)-Baliamari (Bangladesh) and Dalora (Bangladesh)-Balat (India)....

Bangladeshi entrepreneurs keen to invest in Rwanda

Bangladeshi investors have promised to visit Rwanda to explore possible investment opportunities in the country. This was one of the highlights of a meeting between Rwanda’s ambassador to Bangladeshi Ernest Rwamucyo, and Shafquat Haider, the Director of the Federation of Bangladesh Chambers of Commerce and Industry. Bd-RwandaThe meeting, also attended by Joseph Kabakeza, First Counselor at the Rwanda High Commission in New Delhi took place after Rwamucyo presented his credentials to the President of Bangladesh, Abdul Hamid, on Wednesday....

Bangladesh’s mini-Hajj condemn Paris massacre

Muslims attending one of the world’s largest religious gatherings joined the chorus of condemnation Friday over the deadly attack on a French satirical weekly, saying the killings ran contrary to the tenets of Islam. Bangladesh’s Biswa Ijtema, or World Muslim Congregation, is the world’s second largest Islamic gathering after the Hajj with devotees coming from all over the globe to pray and hear imams preach for three days. france magazineCanopies stretching for more than a kilometre, erected on open ground on the banks of th...

Bangladesh diplomat must face domestic worker’s US lawsuit

A US judge on Tuesday rejected a request by a Bangladesh diplomat and his wife to dismiss a lawsuit by a former domestic worker who accused them of forcing him to work without pay in slavery-like conditions. US-bdUS District Judge Sidney Stein in Manhattan said Monirul Islam, a former New York consul general of Bangladesh, and his wife Fahima Tahsina Prova were not immune from the lawsuit by Mashud Parves Rana, because their employment and supervision of him were not "consular functions." Rana sued for back pay and punitive damages last March, shortly befor...

ECNEC approves 177 development projects

The Executive Committee of the Bangladesh National Economic Council (ECNEC) has approved a total of 177 development projects with the outlay of Tk 1,23,404.52 crore in the first year of the current tenure of the AL-led grand alliance government, reports BSS. ecnec meetingOf the total expenditure to be involved, the government will provide Tk 47,314.9 crore from the national exchequer, Tk 71,688.73 crore will come as project assistance and Tk 4,400.89 crore from the organizations concerned. In line with Vision 2021 of the AL-led g...
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