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bangladesh

India eyes developing a port in Bangladesh

After committing to develop Chabahar port in Iran, India Government has set its eyes on developing the Payra port in Bangladesh. Building foreign ports is part of a new manoeuvre, for thwarting China’s growing influence in the region. The Payra port is located in Patuakhali district of Southern Bangladesh, on the Bay of Bengal. bd-indiaOver $ 3 billion investment would be required for the port project. HR Wallingford, a UK based marine consultancy company, has been mandated to prepare a master plan for the port development. A senior Shipping ministry...

Incredible $ 15.31b remittance in 2015 fiscal

A total of 9.4 million Bangladeshi migrants are toiling in various parts of the globe and sending their hard-earned money back home. The fruits of their hard-work are paying off as an incredible $15.31 billion in remittance was received in fiscal 2015 - the highest in the country’s history. BD-workforce in KSAAlthough total migration has declined by 30% in 2014 compared to 2012, the number of Bangladeshi female migrants has been on the rise despite global economic slump. One country which stands out in terms of employment of...

The World Bank has accountability problem

In April members of impoverished fishing and farming communities near the Tata Mundra coal-fired power plant in Gujarat, India, filed a lawsuit in Washington, D.C., against the World Bank Group’s private lending arm, the International Financial Corp. (IFC), which funded the project, seeking remedies for harms to their environment, livelihood and health. The IFC is asking the district court to dismiss the suit, claiming absolute immunity for harms caused by the project, which would leave the plaintiffs without an effective avenue of redress. “The IFC’s defense boils down to this: ‘We are above the law,’” Rick Herz, the litigation coordinator for the human rights and environmental advocacy group EarthRights

Concern arising over India’s river-linking plan

The recent announcement in New Delhi to go ahead with a scheme to link 30 rivers across the country, including the Brahmaputra and the Ganga in the Himalayas, set off new concerns from Bangladesh. New Delhi’s renewed thrust on the project has left not merely environmentalists, but also the Bangladeshi government, its opposition and the Indian opposition worried. bd-indiaThe announcement seems to have overlooked Indian Prime Minister Narendra Modi’s very recent reiterated commitment and a joint communique signed by the two prime ministers of Banglade...

Banks’ profit eroded by bad loans

A Financial Stability Report for 2014 has been released by the Bangladesh Bank, the nation’s central bank, and a key outcome of it is that high non-performing loans (NPLs) eroded the earnings of banks last year. The report says that return on asset and return on equity, the two major indicators used to measure a bank’s profitability, decreased by 20 and 260 basis points to 0.7 and 8.1 percent respectively from a year ago. The rise in NPLs last year forced banks to set aside a major portion of their profits for bb-logoprovisioning, the Daily Star quot...

Only 100 tigers survive in Sundarbans

Only some 100 tigers currently roam the Sundarbans forests of Bangladesh, a new survey has discovered, indicating far fewer big cats than previously thought in one of their largest global habitats. tigerThe yearlong survey that ended in April was based on footage from hidden cameras and found the true number of tigers to be between 83 and 130, Agence France-Presse reported. “So plus or minus we have around 106 tigers in our parts of the Sundarbans,” Tapan Kumar Dey, the Bangladesh government’s wildlife conservator, told AFP. “It’s a more accurate figure....
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