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Int’l cooperation for LDCs in trade stressed

Commerce Minister Tofail Ahmed has laid emphasis on international cooperation to strengthen Least Developed Countries (LDCs) efficiency to contribute more in world trade. "UNCTAD and other organizations have been playing important role for the socio-economic development of LDCs through increasing trade volume and hope they would continue it, as Tofael_ahmed_international support is inevitable to attain SDGs," he added. The minister was addressing Ministerial Conference of G-77 and China in the fourteenth session...

ADB provides $ 275m loan to improve water supply

The government today signed $275 million loan agreement with the Asian Development Bank (ADB) for further improving and expanding water supply system in Dhaka. Mohammad Mejbahuddin, Senior Secretary, Economic Relations Division (ERD), and Kazuhiko Higuchi, Country Director, Bangladesh Resident Mission of ADB, signed the agreement on behalf of Bangladesh and ADB respectively at a ceremony at ERD, Sher-e-Bangla Nagar, here, said a release. Dhaka Water Supply and Sewerage Authority (DWASA) will implement $408 million project. Of adb1t...

2 int’l meetings switched from Bangladesh after attack

An Asia-Pacific money laundering group has moved its meeting out of Bangladesh citing security concerns, officials said on Monday, 10 days after militants stormed a cafe in an upscale part of the capital and killed 20 people, mostly foreigners. Some 350 foreign delegates had been expected in Dhaka to attend the July 24-28 annual meeting of The Asia Pacific Group on Money Laundering that seeks to pool efforts to fight illegal money transfers and terrorist financing. The group said in a statement on its website that the meeting will now be held in September in the United States. The exact location will be decided later. It gave no reason.

US offers counterterrorism expertise for Bangladesh

The United States on Sunday offered Bangladesh Washington’s expertise in building Bangladesh’s counterterrorism capabilities. The offer came from US assistant secretary of state for South and Central Asian affairs Nisha nisha biswalDesai Biswal who came to Dhaka in the wake of the Gulshan cafe attack that left 28 people killed. “We will continue our assistance in combatting the global threat of terrorism that our countries both confront,” she said after her official talks. She met foreign minister AH Mahmood Ali ...

China inflation eases in June: govt

China's consumer price growth slowed in June, the National Bureau of Statistics (NBS) said Sunday, giving the central government room for further monetary stimulus to stabilise economic growth. The consumer price index (CPI) -- a main gauge of inflation -- rose 1.9 percent on-year, the National Bureau of Statistics said, lower than May's 2.0 percent but higher than the 1.8 median forecast in a Bloomberg News survey of economists, reports AFP. Moderate inflation can be a boon to consumption as it pushes buyers to act before prices go up, while China-f... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

IBBL committees reformed

Yousif Abdullah Al Rajhi has been re-elected and M. Azizul Huq has been elected vice-chairmen of Islami Bank Bangladesh Limited. Besides, Executive Committee, Audit Committee and Risk Management Committee of the bank have been reformed with Prof. Syed Ahsanul Alam, Helal Ahmed Chowdhury and Md. Abdul Mabud, PPM as chairmen respectively.  Azizul Huq Azizul Huq is Vice-Chairman and Independent Director of Islami Bank. He was first executive president (CEO) of the bank. He was the first CEO of Social Islami Bank Limited, Islamic Finance and Investment Limited. He is Chairman, Executive Committee of the Central Shariah Board for Islamic Banks in Bangladesh. He has been serving City Bank, Pubali Bank and Bank Asia and other Islamic Banks and Institutio...
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