NRBCB, VOSD sign agro-loan deal

NRB Commercial Bank (NRBCB) and Voluntary Organization for Social Development (VOSD) have recently signed an agriculture loan agreement at the head office of the bank for disbursement of agriculture loan facility of Tk 200 million. NRBCB & VOSDDewan Mujibur Rahman, MD and CEO of NRBCB and AKM Sajedur Rahman, Chairman of VOSD signed the agreement on behalf of their respective organizations, says a press release. Among others, Additional Managing Director ASM Bulbul, Deputy Managing Director Md. Shoaib Ahmed, Executive Vice President M...

October export growth hit the lowest in 14 months

The country’s export earning growth in October hit the lowest in 14 months to 2.03 per cent. In August 2012, the earning had posted a negative 17.89 per cent growth. Industry insiders have attributed the lower growth to production disruption for long due to Eid vacation and labour unrest in the garment sector as well as political turbulence. According to the EPB data, the export earnings rebounded in September of the current financial year with a 36.26 per cent growth but the growth decreased further in October. epb The export earning in July-Octob...

BB continues to purchase US dollars from banks

The central bank has continued to purchase US dollars from the commercial banks directly aiming at keeping the inter-bank foreign exchange market stable, officials said Sunday. "We've strengthened our intervention in the foreign exchange (forex) market recently to protect the interests of exporters and migrant workers by keeping the exchange rate of the local currency against the greenback stable," a senior official of the Bangladesh Bank (BB) told the Financial Expres (FE). He also said the BB is buying US dollars continuously from the banks to offset higher inflow of foreign exchange in the market. bb As part of the move, the BB ...

Call money market hit by political uncertainty

Political uncertainty and slower economic growth have affected the call money market like many other sectors, Bangladesh Bank data shows. The call money rate, which banks and non-banks borrow and lend for short-term needs, went as low as 5.5 percent. To cash in on the situation, some banks have stepped in to raise funds. Total turnover for the last seven working days stood at Tk 54,770 crore, averaging Tk 7,824 crore a day. call moneyBB statistics show state-owned banks (SoBs), foreign and new banks were lenders in the call money market ...

Women bring about changes improving health in Bangladesh

Women have played a key role in bringing about changes in improving health in Bangladesh. Not only through the “massive and unprecedented deployment of diverse cadres of mostly female front-line health workers reaching every household” but in women who were empowered to take control of their own health and reproduction. “Pro-poor and pro-women” programmes, such as education and micro-finance, have reduced inequalities. Despite low spending on health, a weak health system and widespread poverty, the country has achieved great strides in life expectancy, vaccination rates, TB control and a child’s chances of surviving past the age of five, according to a series of focus papers published in The Lancet. <...

Ticfa to be signed today in Washington

The much-hyped deal — Trade and Investment Cooperation Forum Agreement (Ticfa) — will be signed today in Washington, which the government thinks will help expand trade and investment between Bangladesh and the USA through enhanced cooperation. Commerce Secretary Mahbub Ahmed, now in the USA, confirmed UNB through a text message on Sunday saying Ticfa will be signed at 10am (Washington time) on November 25. Acting Deputy United States Trade Representative Wendy Cutler and Bangladesh Commerce Secretary Mahbub Ahmed will sign Ticfa on behalf of their respective sides, reports UNB. United States Trade Representative Michael Froman will make brief remarks and preside over the signing of the United States-Bangladesh Trade and Investment Cooperation Forum Agreement (Ticfa).
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