Browse Tag

economy

Lightning strikes a disaster as deaths surge

Bangladesh has seen a near-record number of deaths this year from a phenomenon that appears to be worsening with climate change: lightning strikes. So far this year, 261 people have died from lightning in the country, putting the South Asian nation on track to beat last year’s 265 deaths. Most lightning deaths usually occur during the warm months of March to July. India has seen a similar surge in lightning deaths, with 93 people killed just in the past two days, officials said. The problem has prompted Bangladesh’s government to add lightning strikes to the country’s [caption id="attachment_23889" align="alignleft" width="540"]

Contract with FireEye unlikely to extend

Bangladesh Bank is unlikely to extend the contract of U.S. cyber security firm FireEye to investigate the electronic theft of $81 million of its money, sources at the bank said on Wednesday, citing high costs as one of the factors. The move comes as law enforcement in Bangladesh and the United States have reported little progress in identifying the criminals more than four months after one of the biggest cyber heists to date. FireEye’s Mandiant forensics division was hired by Bangladesh Bank weeks after the cyber heist in early February. It said in an interim report that hackers took control of the bank’s network,

Robi Hire Purchase Scheme for LG smartphones

Global brand LG smartphones in different price range, including LG’s flagship smartphone LG G5 are now available for Robi subscribers with Hire Purchase Scheme (HPS). The HPS scheme has been offered for the first time in the country’s telco industry. This unique offer allows Robi users to avail these quality handsets with Equated Monthly Instalment (EMI) even without using credit cards. These offers will be available at all the LG-Butterfly authorized stores across the country. Robi and LG Butterfly Marketing Ltd. have recently signed an exclusive deal in this regard at the mobile phone operator’s corporate office. Robi’s Managing Director and CEO, Supun

Climate displacing coastal residents: Kholiquzzaman

Bangladesh is vulnerable to climate change and many people are getting displaced because of it in the coastal areas, says noted economist Qazi Kholiquzzaman Ahmad, who was Bangladesh’s lead negotiator in the Paris climate conference. In an interview to IANS, Ahmad also said that even though Bangladesh hardly contributed to climate change, this riverine South Asian nation is reeling under the impact of change in rainfall pattern, rise in sea level and resultant salinity in water. “It is known that Bangladesh has not contributed to the climate change at all. But climate change is posing a massive threat to our country, more than those nations that had a major

Atiur blames global system for BB heist

The former governor of Bangladesh’s central bank, from which $81 million was stolen in February, says that flaws in the global money transfer system — and not any misstep by him — are to blame for the brazen cyberheist. In an interview this week at his home in a well-to-do neighborhood in the Bangladeshi capital, Dhaka, Atiur Rahman, who resigned from his post after the theft, said that the loss had been a “systemic failure” and that “Bangladesh should not be blamed for something going wrong in the chain.” AtiurIn particular,...

Bank Asia, BS Group sign deal

Mr. Md. Arfan Ali, Additional Managing Director of Bank Asia and Mr. Abu Naser Munjurul Hoque, Managing Director of BS Group of Companies are exchanging an agreement on Previlege Package`Corporate Account Privilege Package’ signed between the two organizations at a function at the Corporate Office of Bank Asia at Paltan, Dhaka recently. Deputy Managing Directors of the Bank Mr. Mohammad Zahirul Alam and Mr. Mamun-ur Rashid and Chief Executive Officer (CEO) of BS Group Engr. MA Wahed are, among others, see...
Verified by MonsterInsights