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Bangladesh

BB allows agent banking in municipal areas  

Banks can now operate “agent banking” in municipal (Pourashabha) areas alongside the rural areas. A Bangladesh Bank (BB) circular Monday amended its previous circular where it had barred agent banking within metropolitan, city corporation and municipal areas. Bangladesh BankThe Bangladesh Bank’s amended circular, was signed by its deputy general manager of Banking Regulation and Policy Department (BRDP) Anwarul Islam, reports UNB. “But the bar on agent banking operation in metropolitan and city corporation ...

Rice imports to nearly triple to record 400,000t in 2014: FAO

The UN's Food and Agriculture Organization (FAO) has estimated 2014 Bangladesh's rice imports to nearly triple to about 400,000 tons due to lower prices in international market. The FAO reports that most of the imports are by the private sector. pariza rice panicleThe FAO estimates 2014 aggregate paddy rice production from the three seasons - Aus, Aman and Boro - at 52 million tons (around 34.84 million tons basis milled), slightly above an estimated 2013 paddy rice production of 51.5 million tons (around 34.5 million tons...

Govt fails to make safety inspections reports public, says HRW

The government and retailers have largely failed to make public the findings of factory safety inspections ordered after the April 2013 Rana Plaza catastrophe that killed and injured several thousand workers, said Human Rights Watch. Reports should be published in Bangla as well as English so that they are accessible to workers. More than 1,100 workers died after they were persuaded, and in some caseRMG Rana Plazas forced, by their employers to return to Rana Plaza a day after they evacuated because large cracks appeared in the building's walls. As a result of the tragedy, the Bangladesh government and western ret...

India seeks Bangladesh’s coop for mutual interest

Prime Minister Narendra Modi in his meeting with Bangladesh Speaker Dr. Shirin Sharmin Chaudhary sought further cooperation from Bangladesh in areas of mutual interest, and hoped that the country continues to be an important partner leading to the development of both nations. “The Prime Minister noted that we have shared stakes in each other’s bd-indiaprosperity and Bangladesh was India’s largest trading partner in SAARC. He also appreciated the cooperation extended by Bangladesh to India in all areas of mutual cooperation including security, ...

Bangladesh to get 600b yen Japanese aid

Japan has expressed its commitment to providing up to 600 billion yen of assistance to Bangladesh from this year by fully taking into account the proper and smooth implementation of projects. This was disclosed at a joint press conference here this afternoon after the summit-level official talks between Prime Minister Sheikh Hasina and her Japanese counterpart Shinzo Abe at the Prime Minister’s Office. hasina-japan-visit-wbAt the talks, Dhaka and Tokyo have agreed to establish a “comprehensive partnership” to furth...

DFID threatens to withdraw fund    

The Department for International Development (DFID) has threatened to withdraw the grants it had committed for establishing economic zones (EZ) as the government has failed to set up the much-hyped zones in four years. The UK-based development organisation recently said it would withdraw fund of nearly Tk 15 crore committed for ‘Economic Zones Development’ project, if the government fails to spend the money by this December, Planning Commission sources said. The World Bank, which conducted a survey on the project, and the DFID came forward to help set up EZs, making commitments of Tk 65 crore and Tk 14.34 crore respectively as grants against the said project, reports the Daily Sun.
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