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bangladesh

BASIC Bank holds its 26th AGM

The Annual General Meeting (AGM) of BASIC Bank Limited was held on Thursday, October 29, 2015 at Head Office of the Bank. AGM- PictureMr. Alauddin A. Majid, Chairman of the Board of Directors presided over the meeting. Mr. Gokul Chand Das, Additional Secretary, Bank and Financial Institutions Division, Ministry of Finance attended the meeting as the representative of the Bank’s sole shareholder the Govt. of Bangladesh. Among others, Mr. Hasan Mahmood, FCA and Mr. Md. Mamun-Al-Rashid - members of the Board of Directors, Mr. Khondoker Md. Iqbal ...

UNWTO to help boost Bangladesh tourism

Taleb Rifai, the Secretary General of United Nations World Tourism Organization (UNWTO) has promised Bangladesh full cooperation to develop its tourism sector. He said those while addressing at a conference at Bangabandhu International Conference Centre on ‘Developing Sustainable and Inclusive Buddhist Heritage and Pilgrimage Circuits in South Asia’s Buddhist Heartland’ Wednesday. “Bangladesh is entering a new era of touriem. Cooperation from the UN and ADB will continue,” UNWTORifai said. He also assures that the UNWTO will work closely with Banglades...

BB launches instant fund transfer system

Bangladesh Bank (BB) launched Real Time Gross Settlement (RTGS) with 55 banks today. “Introduction of RTGS would enable instant transfer of funds between banks and institutions,” said Governor Atiur Rahman at the inauguration of the service at the BB headquarters in Dhaka. bbInitially 5,000 branches of 55 banks will be able to render the service to its customers. Rahman said the system will have a substantial impact on current operations in the banks, particularly in the area of treasury, payment division, corporate banking and cash management. RTGS facil...

Dhaka underground rail alongside metro rail

The government is planning an underground rail network, alongside the metro rail project in Dhaka in a bid to ease the traffic. Prime Minister Sheikh Hasina ordered the Planning Commission on Thursday to ready a project for this, Planning Minister AHM Mustafa Kamal said after ECNEC meeting. Underground-raikl“We’ll conduct a survey soon in this regard. Later, a project will be prepared based on the results,” he said. However, the plan came just after the government is gearing up to metro rail project in Dhaka. He said the go...

Forex reserve crosses $ 27b

The country’s foreign exchange reserve crossed a new height of US$ 27 billion mark on Thursday. Bangladesh Bank executive director M Mahfuzur Rahman confirmed this to Prothom Alo on Thursday. He, however, said they were working on to ascertain the final amount of the forex reserve at the end of the day. Earlier on 17 August, country’s foreign exchange reserve surpassed US$ 26 billion benchmark for the first time. According to international standard, a country should ideally have reserves to meet the import bill for at least three months. But, Bangladesh has now enough reserves to pay import bills for around seven months.

-Prothom Alo

Climate crisis in Bangladesh

Of all the countries in the world, Bangladesh is one of the most vulnerable to the effects of climate change. The regular and severe natural hazards that already batter the country - tropical cyclones, river erosion, flood, landslides and drought - are all set to increase in intensity and frequency as a result of climate change. Rising sea levels will increasingly inundate Bangladesh’s coast, and dramatic coastal and river erosion will destroy land and homes. These and the many other adverse effects of climate change will have profound repercussions for the economy and development of the country. One of the most dramatic impacts will be the forced movement of people throughout
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