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economy

IFC bond imminent, says BB governor

Governor of the Bangladesh Bank (BB) Dr. Atiur Rahman appears to be one of the relaxed and contented central bank governors in Lima this week, having avoided the commodity crash and sitting on substantial foreign currency reserves. The taka is also about to make its debut in the international bond markets, with the IFC set to issue in the currency The IFC’s plan to issue a offshore Bangladeshi taka-denominated bond will be invested in [caption id="attachment_19218" align="alignleft" width="650"]File Photo File Photo[/caption] private infrastructure projects a...

Expat murders linked to IS put Bangladesh on edge

Two expat murders in Bangladesh are stoking concerns that Islamic extremists may tarnish the country’s image at a time when its economy is a rare bright spot in Asia. A Japanese investor was shot and killed in northern Bangladesh on Oct. 3, about a week after three people murdered an Italian aid worker in an area popular with diplomats in Dhaka, Bangladesh’s capital. Islamic State claimed responsibility for the slayings, an assertion rejected by the government. “This threat and insecurity currently makes foreigners think twice before they visit [caption id="attachment_20006" align="alignleft" width="540"]

ADB to lend $ 45m for water resource project

The Asian Development Bank (ADB) is part-funding expansion of a water resources project in southwest Bangladesh that has sharply increased agriculture production and benefited nearly 200,000 people, it said on Tuesday.
ADB is providing a $45 million loan and the government of the Netherlands is expected to give a grant of $7 million. Both provided initial funding for the scheme, which was approved in 2005. [caption id="attachment_20187" align="alignleft" width="540"]A farmer carries a stack of jute to be dried in Manikga... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

TPP signing worries economists, trade leaders

Bangladesh is set to lose its competitive edge in global apparel business as trade ministers of 12 Asia Pacific nations signed the Trans-Pacific Partnership agreement on Monday. Economists and leaders of trade bodies suggested that Bangladesh should take preparations to join the landmark Trans-Pacific Partnership (TPP) agreement in future. Bangladesh is set to lose its competitive edge in global apparel business as trade ministers of 12 Asia Pacific nations struck the deal in Atlanta. rmgThe hard-won deal to create the world’s largest free-trade area, en...

Q1 remittances reach $ 4bn

Bangladesh’s central bank governor elected chairman of Asian Clearing Union ADB to lend Bangladesh $45 mln for water resource project India’s push to save its cows starves Bangladesh of beef Arrest warrants for 33 Bangladesh opposition members Bangladesh’s Mustafizur mesmerises with record wicket haul Bangladeshis living and working abroad remitted home nearly $4 billion in the first quarter of the current 2015-2016 fiscal year, a central bank official said on Wednesday. Remittance-450x325Quoting provisional data, the Bangladesh ...

BKMEA, LIBAS Textiles sign deal

In order to attain LEED certificate from United States Green Building Council (USGBC), Bangladesh Knit Wear Manufacturers & Exporters Association (BKMEA) and LIBAS Textiles Ltd signed an agreement in the Conference Hall of BKMEA on Wednesday (07th October 2015). Engineer Md. Towhidur Rahman Managing Director of LIBAS Textiles Ltd and AH Aslam Sani Press Release JPG of BKMEAFirst Vice- President of BKMEA signed on the agreement on behalf of their respective organizations. After attaining LEED certificate LIBAS Tex...
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