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bangladesh economy

Japan likely to mediate resolving Rohingya crisis

Japan today proposed to play an active role as a mediator in Tokyo between Bangladesh and Myanmar to find a peaceful solution over Rohingya crisis. “We (Bangladesh) will consider the proposal…. Japan has showed its political will to resolve the issue (Rohingya crisis),” Foreign Minister Dr AK Abdul Momen told newsmen after a bilateral meeting with his Japanese counterpart Tara Kono at the State guesthouse, Meghna, here, reports BSS. Japan-FMHe said Japanese foreign minister will be on Bangladesh’s side in resolving Rohi...

Jamuna Bank gets 1st MicroEnsure ins claim cheque

Recently Jamuna Bank received first insurance claim cheque from MicroEnsure against death of its two credit card holders under its Protection Plus Service. Protection Plus is the first ever unique service in Bangladesh to provide insurance facility for both debit and credit card of Jamuna Bank. In this product ITCL, MicroEnsure and Pragati Life Insurance are in partnership with Jamuna Bank . Deputy Managing Director of the Bank A.K.M. Saifuddin Ahamed received the cheque to settle the liability of the deceased. In the program Adnan Mahmud , AVP and Micro

Bangladesh project exposes India EXIM Bank to high risk

According to the report released by the Institute for Energy Economics and Financial Analysis (IEEFA) on Friday the Bangladesh-India Maitree project could effectively end up in a financial mess. The Coal based power plant proposed to be built near the city of Khulna, close to the Sundarbans mangrove forest, is a joint venture between India and Bangladeshs state owned entities. The project is heavily subsidized, exposes investors, taxpayers and consumers to high risk and is a potential stranded asset in the making. We examined the Rampal coal power project on parameters such as funding, investment, cost of production, supply of fuel as well as risk due to extreme weather events. The project fails on a

BD rejects P10m return from hacked money

The Bangladesh Ambassador to the Philippines rejected an offer of a remittance company to return P10 million from its profits as an apology over the hacked $81 million. The offer was made by Salud Bautista, president of PhilRem Service Corporation, during the seven-hour public hearing by the Senate Blue Ribbon committee on the money laundering issue involving the Rizal Commercial Banking Corporation.   [caption id="attachment_22369" align="alignleft" width="540"]Salud Bautista, head of a remittance company Philrem, testifies before Philippine Senate Blue R...
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