Browse Tag

economy

Fiscal trade deficit balloons

Bangladesh’s trade deficit ballooned in fiscal 2014-15 that ended June 30 on the back of increased imports, a central bank official said on Wednesday. The trade deficit in the fiscal surged 45.97 percent to about $10 billion compared to a year earlier, Xinhua bbquoted a Bangladesh Bank (BB) official as saying. The official said the country’s import payment was $40.69 billion, up 11 percent, in the last fiscal year while earnings from exports stood at $30.77 billion, up 3.3 percent, during the same period. The gap between Bangladesh’s export earnings and imp...

foodpnada donates ABC

foodpanda Bangladesh, the largest online platform for ordering food in Bangladesh, worked on a Ramadan campaign by the name “Share Hope” with Assistance for Blind Children-ABC. Assistance for Blind Children-ABC is a nonprofit organization. ABC is working for person with disabilities especially for visual impaired and low vision children in Bangladesh. [caption id="attachment_18878" align="alignright" width="533"]foodpanda Donates to ABC Foundation During the handover of the donation of “Share Hope” Campaign t...

New code of conduct launched for shrimp industry

The Fisheries and Livestock minister of Bangladesh, Mohammad Sayedul Hoque, has launched the updated Code of Conduct for the Bangladesh shrimp industry. He underscored the importance of the introduction and implementation of the Code of Conduct as per internationally recognized norms and standards to ensure the quality and safety of Bangladesh shrimp products, reports NewsHour. MDG : Bangladesh Shrimp industryHe reiterated the commitment of the Government to extend all assistance to the shrimp industry in Bangladesh which is contributing significantly ...

Police, not ACC, to handle private fraud cases

Private fraud and forgery cases will be excluded from the sections of the Anti-Corruption Commission (ACC) Act. From now on, police will handle the fraud cases. acc-logo_3However, ACC will handle the cases involving government property and the fraud charges against government officials and bank officials. The draft of ACC (Amendment) Act-2015 has been approved on principle at the cabinet meeting on Monday. Briefing reporters after the meeting, Cabinet secretary M Musharraf Hossain Bhuiyan said it is troublesome for ACC to resolve thousands of...

Mega livestock project to change rural lifestyle

The government is going to undertake a project to rear some 5 lakh cows and buffaloes by rural people on cooperatives basis in seven divisions, aiming to meet the country’s growing demand for milk and meat. “A project is being prepared in this regard where the beneficiaries will be provided with cows and buffaloes after training on improved animal husbandry,” said Planning Minister AHM Mustafa Kamal told UNB. The Planning Minister said the country’s hilly, river-erosion-prone and char areas will be given preference for implementing this big project by the Ministry of Fisheries and Livestock.

BB to refinance NRBCBank

An agreement was recently signed between Bangladesh Bank and NRBC Bank. Under this agreement Bangladesh Bank will refinance NRBCBank against their finance to Jute processing industries. B Bank & NRBCBankMr. Provash Chandra Mallick, General Manager of Bangladesh Bank and Mr. Dewan Mujibur Rahman, MD & CEO of NRBCBank signed the agreement on behalf of their respective organizations. Among others, Deputy General Manager Mr. Tapan Kumar Saha, Deputy Director Mr. Mohammad Abdullah Al Masum  of Bangladesh Bank and Senior Executive V...
Verified by MonsterInsights