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Heat wave may continue

heat-waveRain or thunder showers accompanied by temporary gusty/squally wind is likely to occur at one or two places over Sylhet division and the regions of Mymensingh and Comilla.

Weather may remain dry with temporary partly cloudy sky elsewhere over the country, the Meteorology Office reports.

Mild to moderate heat wave is sweeping over Dhaka, Khulna, Barisal and Chittagong divisions and the regions of Pabna and Sylhet and it may continue.

Bank of Cyprus sells business in Ukraine, Romania

bank-of-cyprus2Cyprus’ largest bank says it has sold off its business in Ukraine and a stake in a Romanian bank to help reduce risk and improve cash flow for the troubled lender.   Bank of Cyprus says it has completed the sale of its loss-making operations in Ukraine to Alfa Group for 202.5 million euros ($280.5 million) — 10 percent less than the original price.   It has also sold a 10-percent stake in Banca Transilvania fo...

Stability at risk without political inclusion: US    

The US continues to press for greater political inclusion in Bangladesh without which the Asian country’s stability will be at risk, a top Obama Administration official has said. “In Bangladesh, we continue to press for greater political inclusion, without which, a more stable and prosperous future is put at risk,” Assistant Secretary of State for South and Central Asia, Nisha Desai Biswal, said in her address at the prestigious Harvard University. nisha biswalAt the same time, she praised Bangladesh for its achievement in the socio ...

Govt must help apparel firms open shops in UK 

The Government should allow garment exporters to invest 5 to 10 percent of their export value for opening showrooms and outlets in the UK, which has a huge market for Bangladeshi clothing brands, said chairman of the newly formed trade body UK Bangladesh Catalysts of Commerce and Industry Ltd (UKBCCI) Iqbal Ahmed. Mr. Ahmed said this during a recent meeting of a 10-member delegation of UKBCCI with Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) president Kazi Akram Uddin Ahmed at the FBCCI office in Dhaka, reports the Daily Star. Workers on the floor of a garm... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

ADB appoints news country director for Bangladesh

The Asian Development Bank (ADB) has appointed Kazuhiko Higuchi as the new country director for its Bangladesh resident mission. "I am looking forward to working for Bangladesh, and the people of Bangladesh," Kazuhiko Higuchi was quoted as saying in a statement on Thursday. "Bangladesh is progressing fast and ADB will continue to make every effort to support Bangladesh's endeavor toward further reaping the potential of the country." adb countryAccording to the ADB statement, Higuchi succeeds M Teresa Kho, who moved to become the co...

UW requires licensees to sign Bangladesh Accord

University of Washington apparel licensees who source, produce or purchase merchandise in Bangladesh are now required to become signatories to The Accord on Fire and Building Safety in Bangladesh. The accord is an international industry response to safety issues in Bangladesh factories, including fires and building collapses over the past three years that have led to the deaths of thousands of Bangladeshi workers. Companies signing the accord pledge to contribute to a fund to pay for independent safety inspections and building repairs and renovations to maintain safety standards. wu
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