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bangladesh

Malaysia mulling sourcing maids from Bangladesh

There appears to be no end to the problems surrounding the shortage of foreign maids in Malaysia. Currently, there are some 150,000 foreign domestic helpers working legally in this country, most of them Indonesians and Filipinas. With the two source nations – Indonesia and the Philippines – having declared their intentions to cease supplying maids to Malaysia, it is high time the government weaned itself off its dependence on those two countries. maids from BDWith Malaysians generally shunning employment in the domestic help sector, the g...

Muhith praises BHBFC

Presided over by Finance Minister Abul Mal Abdul Muhith, a meeting on refinancing of Bangladesh House Building Finance Corporation (BHBFC) was held at Bank and Financial Institution Auditorium in the city recently. image003Among others, Chairman to the Board of Directors Sheikh Aminuddin Ahmed, Managing Director Dr. Md. Nurul Alam Talukder, Director Md. Jalal Uddin and Bhobesh Chandra Podder, Addition Secretary of Finance Ministry Jalal Ahmed and Additional Secretary of Bank and Financial Institution Gokul Chand Dash & Md. Fazlul Haque were presen...

Lafarge merges with Holcim

LafargeHolcim yesterday (July 15, 2015) officially launched the new Group around the world and announced key elements of its ambitions for the future. Following the successful completion of the merger between Lafarge and Holcim and the listing of the new LafargeHolcim shares in Zurich and Paris, the new Group will now work towards creating the highest performing company in the building materials industry. LafargeHolcim CEO Eric Olsen says: “Now as LafargeHolcim, we will step into LSC Logothe next phase of our transformation to become the leader in eve...

Tea prices snap 2-week run of gains

Tea prices in Bangladesh edged down at the weekly auction on Tuesday, snapping a two-week run of gains, on higher supplies and tepid demand from local buyers ahead of the Muslim festival, brokers said. Bangladeshi tea fetched an average 198.97 taka ($2.5) per kg at the auction, the 11th of the new marketing season, compared with 199.33 taka at the previous sale, an executive with National Brokers said. tea“There was less demand from local buyers ahead of the Eid holidays,” he said referring to the Eid al-Fitr celebrations, due on Saturday on sightin...

Bangladesh hopes green means go

Like Thailand, Bangladesh is suffering from prolonged political unrest and subdued economic activity. For a time earlier this year it seemed Moody’s Investor Service might downgrade the country’s credit rating due to the ongoing tensions on the ground, although in the end it held off from doing so. green goOpposition party-led strikes have weighed on the economy, prompting the International Monetary Fund in March to clip its growth forecast for the fiscal year to June-end to 6% from 6.4%. The Bangladeshi government had been targeting a 7.3% growth ...

Myanmar finds 102 stranded BD migrants on island

Myanmar’s navy has discovered more than 100 Bangladeshi migrants stranded for nearly a month on a southern island, state media said on Tuesday, following a regional migrant crisis in which people smugglers abandoned thousands at sea. It was the first major rescue reported by Myanmar since May, when its navy found a boat packed with more than 700 migrants in the Andaman Sea at the height of Southeast Asia’s migrant boat crisis. [caption id="attachment_18152" align="alignright" width="648"]rohingya_migrants_1 Myanmar's navy discovers over ...
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