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bangladesh

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...

BB to unveil monetary policy next week

Bangladesh Bank (BB) will unveil the monetary policy statement (MPS) for the first half of the current 2016-17 financial year (FY17) next week, reports BSS. "We are finalising the MPS, which will be unveiled later this month," BB Chief Economist Biru bbPaksha Paul told BSS today. He said like previous ones, the next MPS would be finalised in line with the national budget while it would have major focus on areas including credit, GDP (gross domestic product), inflation and exchange rate. The central bank on January 14 this year u...

Dev psychology is the remedy of poverty: Barakat

Professor Abul Barakat said, ‘’ actually, psychology and such related policy of development would be preventive to poverty and these ensure the economic development. And to do this, agricultural, water and land sources would be taken as national importance. Reformation of agriculture, land and water sources can open the new door of development for marginal people. On Saturday, addressing a day-long seminar title ‘’Bangladesh 7th five-year planning 2016-20’’ ru seminar photoat Kazinajrul Islam aud...

BHBFC profits Tk 166.98cr during 2015-16 FY

Bangladesh House Building Finance Corporation (BHBFC) earned profits of Tk. 166.98 crore during the fiscal year 2015-16. From July 2015 to June 2016, the Corporation gained income totaling Tk. 245.18 crore. BHBFC-300During the same time of the last fiscal year the amount was Tk. 242.89 crore. Recovery from loan was 518.40 crore in 2015-2016 FY, which is significant increase of 35.67 crore than the previous year. Loan sanction and disbursement were 260.91 crore and 247.38 crore respectively at that time. Classified loa...

Huawei inaugurates 1st-ever CSIC in Bangladesh

 Huawei, a leading global information and communications technology (ICT) solutions provider, today launched the first-ever ‘Customer Solution Innovation and Integration Experience Center’ (CSIC) in Bangladesh to showcase innovative technologies in real-time. The inauguration ceremony took place at Huawei Bangladesh CSIC Centre in Dhaka. Ms. Tarana Halim, Honorable State Minister for Posts and Telecommunications Division, Government of the People’s Republic of Bangladesh, graced the occasion as the Chief Guest. She talked about ICT development in various developed countries with Huawei’s employees

IBFB denounces attacks on Gulshan cafe

International Business Forum of Bangladesh (IBFB) expresses deep shocks and saddens by the dreadful, horror and inhuman terrorist attacks over the innocent and unarmed Bangladeshi and Foreign Citizens at the Holey Artisan Bakery at Gulshan, Dhaka on 1st July 2016. IBFB deeply mourns over the barbarous keeling and death of 20 innocent human beings, and earnestly pray that their dedicated departed souls may rest in eternal peace. IBFB most humbly conveys its deepest condolences to the bereaved family members and Dhaka Attack
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