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ICAB gets new President, Vice Presidents

The Institute of Chartered Accountants of Bangladesh (ICAB), the national professional accounting body, has elected Masih Malik Chowdhury as President and A F Nesaruddin FCA, Kamrul Abedin FCA and Nasim Anwar FCA as Vice Presidents of the institute for the year -2015. Masih Malik Chowdhury FCAThe new office bearers of ICAB were elected by the members of the council –ICAB shortly before holding 42nd Annual General Meeting chaired by incumbent ICAB President Showkat Hossain FCA at ICAB auditorium on ...

WB to provide $ 500m to for riverbank improvement

The World Bank (WB) continues to show its confidence on Bangladesh government and provide another loan of USD 500 million to Bangladesh for riverbank improvement projects to prevent erosion and reduce the incidence and severity of flooding along selected sections of the Brahmaputra and Jamuna. The government earlier sought such assistance under the ongoing country assistance strategy (CAS) of the WB. In 2001, the WB provided USD 192 million for this purpose. wbSpeaking about the project, ERD sources said the project would improve access to socioeconomic se...

Bangladesh lures investment in deal with Japan’s biggest bank

The Board of Investment (BoI), Bangladesh’s apex investment promotion body, yesterday signed an agreement with Japan’s largest bank to rope in investment from the Asian nation. boiThe Bank of Tokyo-Mitsubishi UFJ will handhold interested parties to explore investment opportunities in Bangladesh. It will conduct market research and road-shows and provide technical assistance and capacity building. “Our prime minister has asked us to play a big role in promoting investment to Bangladesh,” said Go Watanable, chief executive officer of the bank’s operations in Asi...

Japan inflation, industrial output weaken in Nov

Japan says its inflation rate eased slightly in November as household spending dropped, hindering the government’s effort to get the world’s third-largest economy out of recession and back to sustainable growth. japanGovernment data released Friday showed core consumer prices, excluding food, rose 2.7 percent while the inflation rate excluding food and energy was 2.1 percent. The inflation rate was 2.9 percent in October. Overall incomes fell 1.1 percent in November from a year earlier while household spending was down 2.5 percent. Unemployment ...

Attack on RMG leaders grows mass concern

A garment factory’s closed-circuit camera captured some unusual activity: Out front a female union leader was swarmed by people, pushed to the ground and assaulted while a male union activist was chased away and punched. Another female union leader entered the factory door and seconds later was pushed outside, and then shoved out of camera range. [caption id="attachment_1499" align="alignleft" width="300"]Bangladesh-rmg-worker A file photo showing female workers in a Dhaka Garments factory[/caption] Two investigations of ...

Tea marks 7th weekly gain on winter demand

Tea prices in Bangladesh rose for the seventh straight week at the weekly auction on Tuesday amid strong demand in the winter season. teaBangladeshi tea fetched an average 192.96 taka ($2.4) per kg compared with 192.04 taka at the previous sale, said an executive with National Brokers Ltd. The price for last week’s auction was revised from 192.15 taka. About 2.3 million kg was offered at the auction centre in Chittagong, of which 17 percent went unsold. In the previous auction, nearly 2.3 million kg was offered, with nearly 15 percent remaining unsold...
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