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bangladesh

BB to appoint consultant to beef up security

Bangladesh Bank (BB) has decided to appoint a permanent consultant to oversee its IT and overall security measures, a senior official said. “We are now working on hiring the consultant, who will be employed under an annual contract,” the official told The Daily Star, wishing not to be named. The BB took the decision after it lost $101 million to cyber thieves from its foreign currency bbreserve account with the Federal Reserve Bank of New York on February 5. The money was wired to the Philippines and Sri Lanka. At the request of...

Key challenge to accelerate private investments in BD

Bangladesh has successfully come out from LDC to a lower middle income group. However, in order to be categorized as a middle income country by 2021, Bangladesh has to consistently maintain the status for the next six years. But without a solid industrial base, adequate infrastructure, un-interrupted power supply, exploration of natural resources (gas, coal etc.), skilled works force etc., it will be difficult to sustain the present growth rate or even achieve higher growth, said ICC Bangladesh President Mahbubur Rahman while he was presenting the Executive Board Report. Bangladesh will require increasing GDP growth to 7.5 to 8 percent per year based on accelerated export and remittance growth. Both public and private investment will need to

Mahindra PreTUPS™ 6.4 for electronic recharge

Mahindra Comviva, a global leader in mobility solutions, announced the launch of PreTUPS™ 6.4, a smarter and advanced version of its widely deployed electronic recharge and prepaid management solution on 29 March, 2016. PreTUPS™ is a proven solution deployed by over 55 mobile operators in more than 40 countries globally. It has been integrated successfully with all the major IN platforms. Today, 10% of the world population’s recharge is done through PreTUPS™ powering mobile services for 840 million people globally. PreTUPS™ 6.4 takes electronic recharge and prepaid management to the next level by providing new features that add efficiency to the prepaid business. This new version is being deployed by many leading

ADB forecasts 6.7pc growth for 2015-16

Bangladesh’s growth for this fiscal will improve marginally and stand at 6.7 percent driven by apparel export and domestic consumption, Asian Development Bank forecast today. The improvement will be 0.1 percent increase from the 6.6 percent growth recorded last fiscal. adb1Higher growth will be driven by readymade garment export and a resilient domestic consumption, said ADB’s country director for Bangladesh Kazuhiko Higuchi. He was talking while launching ADB’s Annual Outlook Report 2016 at its Agargaon office in the capital, D...

Registration opens for Water Window

The Global Resilience Challenge’s “Water Window” is open for registration. From 29 March registered entrants will be able to submit Concept Notes with innovative ideas and solutions to help flood prone communities across the Sahel, the Horn of Africa, and South and Southeast Asia reduce their exposure to flood risks and to continue to develop in the face of uncertainty. Successful submissions will be eligible for up to US$1 million scaling-up grants or up to US$250,000 seed grants, says a press release. The submissions should offer innovative solutions to the very real issues affecting flood prone [caption id="attachment_18235" align="alignleft" width="604"]

67pc girls get married before 18: Study

About 67 per cent of girls in the country get married before the age of 18, said a research on ‘Child Marriage and its implications’. The information came out at a discussion at Nawab Nabab Ali Chowdhury Senate House Conference Hall at Dhaka University (DU). The Department of Population Sciences of DU and the United Nations Population Fund (UNFPA) jointly conducted the study with the support of Department for International Development (DID). The study said, in households where fathers have higher secondary and above education, the girls bd
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