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bangladesh

Bank Asia scholarship program in Lohagara, Ctg

As a part of its corporate social responsibility, Bank Asia has provided higher studies scholarship to 19 insolvent meritorious students of Lohagara Upazila in Chittagong district on Saturday (12 March, 2016). Mr. Mohammed Roshangir, Deputy Managing Director & Zonal Head of the Bank handed over the scholarship money to the students at a function held at the Lohagara Upozila Auditorium. 1Mr. Mohammad Fijnur Rahman, UNO of Lohagara Upozila and Mr. Md. Shahabullah, Executive Vice President & Head of Agrabad Branch, were, among othe...

CEMEX operation divestment in BD, Thai

CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that it has signed an agreement for the sale of its operations in Bangladesh and Thailand to SIAM CITY CEMENT PUBLIC COMPANY LIMITED for approximately U.S.$53 million. The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes. The closing of this agreement is subject to the satisfaction of standard conditions for this type BD-Thaiof transactions. We currently expect to finalize this divestiture during the...

Malware suspected in BB heist: officials

Investigators suspect unknown hackers installed malware in the Bangladesh central bank’s computer systems and watched, probably for weeks, for how to go about withdrawing money from its U.S. account, two bank officials briefed on the matter said on Friday. More than a month after hackers breached Bangladesh Bank’s systems and attempted to steal nearly $1 billion from its account at the Federal Reserve Bank of New York, cyber security experts are trying to find out how the hackers got in. FireEye Inc’s Mandiant forensics division is helping investigate the cyber heist, which netted

Bangladesh urges UK to allow garment imports

Bangladesh clothing exports to Europe jumped 24 percent in 2015, with the UK being the EU’s second biggest garment export destination for the country after Germany. But the government of the UK has banned imported clothing from Bangladesh due to its concern that there is a lack UK_BDof proper security measures at the Bangladesh Airport in Dhaka. Now the Bangladesh Garment Manufacturers and Exporters Association is calling on its government to take the necessary steps to ensure that the ban on air cargo from Dhaka is lifted, soon. ...

Criminals in BB heist likely studied bank’s inner workings

The perpetrators of a $100 million digital heist at Bangladesh’s central bank had deep knowledge of the institution’s internal workings, likely gained by spying on bank workers, security experts said. Unknown hackers breached Bangladesh Bank in early February, stole credentials for payment transfers and then ordered transfers out of a Federal Reserve Bank of New York account held by Bangladesh Bank (BB), according to Bangladesh Bank officials. Bangladesh government officials blamed the Fed for the attack when they disclosed the loss. The New York Fed responded on Tuesday saying there was no evidence its systems were compromised in the attack, one of the biggest bank thefts in history. The Fed said it followed normal procedures when responding to requests that appeared to be

Enriching education in Bangladesh

About a year ago, seven year-old Afroza Khatun dropped out of school as her mother could not continue supervising her homework. The interruption in her grade II lessons was soon noticed by a teacher of an information education centre known as ENRICH, a state-funded programme which aims at supporting children who drop out to continue their education from the primary level (up to grade II). “I could not accept that Afroza, so brilliant in her lessons, had to drop out of school just because her mother could not help prepare her lessons at home,” Mosammet Shirin Akter, a teacher at ENRICH learning centre, told IPS News. Afroza’s father died when she was still in her mother’s womb. Too poor to support the family, Afroza’s mother, Joshna, had to work as a day labourer. Recently, she ...
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