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ADB to provide $505m loan for improving railway

The Asian Development Bank (ADB) and the government today (Sunday) signed agreement for $505 million loan to further improve the country’s railways that will help the national economy and boost subregional trade, reports BSS. 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 programme at ERD, Sher-e-Bangla Nagar, Dhaka. adb1“The assistance will help railways better serve needs of...

Classified loans stand at Tk 546 billion

The amount of classified loan in five state-run commercial banks, 39 private banks, nine foreign banks and three state-run specialized banks were at Tk. 546 billion till March, 2015 which is 10.47% of the total loans distributed. money_scamAn amount of Tk 522 billion has been distributed from these 56 various kinds of banks during the conditioned time. Finance Minister AMA Muhith said this in Parliament while responding to a written question from ruling party MP Nurunnabi Chowdhury from the Bhola-3 constituency. Agrani, Basic, Janata, R...

Money for unsettled audit double of budget: Muhith

The number of unsettled audit objections against 55 ministries or divisions is 8,53,314 involving Tk 6,15,606 crore which is almost double of the proposed budget of the next fiscal year. Finance minister AMA Muhith disclosed the figure in parliament today while replying to a question from a lawmaker. muhith-1Muhith said, the audit objections remain unsettled for various reasons including the executive branch not giving reply to the objections on time. He said, if even the reply to the objections were given, those were not based on prope...

Deadly attack on tourist beach in Tunisia

At least 27 people have been killed in an attack on a tourist hotel in the Tunisian resort town of Sousse, according to the interior ministry. bbc_mapAt least one gunman has been shot dead and another is being pursued, officials say. Sousse is a popular tourist destination. Tunisia has been on high alert since March when militants killed 22 people, mainly foreign tourists, in an attack on a museum in the capital Tunis. The interior ministry told the BBC “a terrorist attack” was ongoing.

- BBC Online

Lectra, H&M host seminar for BD apparel manufacturers

Lectra, the world leader in integrated technology solutions dedicated to industries using soft materials--fabrics, leather, technical textiles and composite materials--recently held a seminar for Bangladesh suppliers of fashion retail chain H&M in Dhaka, Bangladesh. Organized in partnership with H&M and Lectra agent Aamra Resources, the two-day event addressed today's trends and market challenges, putting special emphasis on the importance of working collaboratively across the supply chain. Lectra experts demonstrated how synchronizing technology and process between brands and manufacturers can ensure a long-term, sustainable working relationship that is more efficient and profitable for both.

Bangladesh more peaceful than India, Pakistan

Bangladesh has been recognized as the third most peaceful country in South Asia and ranked better than neighbouring India and Pakistan, said a report published by Institute of Economics & Peace. Bangladesh registered a gain in peaceful atmosphere inside the country, what has been termed by the report as a category of “medium state of peace”. A playful child on a rickshaw. Dhaka, Bangladesh. May 16, 2007. (photo)However, the country has been ranked 84th in the world in the list in the Global Peace Index. According to the report, the thi...
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