‘BB, stumbling block to recovery of stolen funds’
The $81-million cyber heist will not come to a significant conclusion unless Bangladesh Bank resumes its internal investigation, says a Filipino newspaper.
The February 2016 incident of online theft of the BB money deposited with the New York Federal Reserve, rocked Bangladesh and the Philippines banking system.
The Standard reported on Wednesday that recent developments suggested an inferior internal system led to a breakdown in the security of the funds held and managed by the Bangladesh Bank.
“The central bank of Bangladesh, in a way, is the biggest stumbling block to the recovery of the 
Good days for golden fibre
Jute production has increased and so has new investment in the sector. However, the potential of the product in the international market has not been exploited to the full. If the bottlenecks in this sector can be removed, it would be possible to increase export of jute and jute products to the international market.
Stakeholders highlighted various aspects of the jute sector at a roundtable on "Jute Production and Expanding the Market for Jute Goods: Problems and Potential" on Tuesday. It was organised by Prothom Alo with support from CARE and SWITCH Asia Jute Value Chain Development Project, at the Prothom Alo office in Dhaka's Kawran Bazar.
State minister for textiles and jute Mirza Azam said, the present government has taken several
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Kashem Humayun joins Agrani Bank
Renowned Journalist Kashem Humayun join Agrani Bank Limited as Director on Thursday September 8, 2016. The same day he participated its Board of Directors meeting. The newly appointed Director of Agrani Bank Limited Kashem Humayun was given warm reception with flower bouquets by the Board of Directors.
Chairman of the Board of Directors Dr. Zaid Bakht, Director Mr. Gokul Chand Das, Dr. Nitai 
Chandra Nag, Mr. Md. Ashiqul Hoque Chawdhury, Shamim Ahsan, Managing Director & CEO Mohammed Shams-Ul Islam, Dep...
Chandra Nag, Mr. Md. Ashiqul Hoque Chawdhury, Shamim Ahsan, Managing Director & CEO Mohammed Shams-Ul Islam, Dep...
Bagdoom announces Eid Ul Azha offers
This Eid-Ul-Azha, Bagdoom.com, the leading e-commerce platform in Bangladesh is all set to serve their customers with surprises like never before. This Eid, also popularly known as Qurbani Eid, is all about giving, receiving and the happiness that comes out of it. The pattern of shopping for people is a little different from that during other festivals as the main focus of all the households is the animal for sacrifice and the processes following it. Just to save all that hassle, Bagdoom has brought in a whole different line of essential products for customers to sit at home and buy this Eid.
Bangladesh free of graft, terror funding risk: BB
Bangladesh has emerged as a country free of risk of money laundering and terror financing, downing fears that the country might re-enter the list for “slack implementation of laws”.
In current rating, Bangladesh avoided the International Cooperation Review Group (ICRG) and was declared a risk free nation, Bangladesh Bank said in a statement today.
Fears were on after Asia/Pacific Group on Money Laundering (APG), the global body that ranks countries, acknowledged Bangladesh of having “slack imp...
Fears were on after Asia/Pacific Group on Money Laundering (APG), the global body that ranks countries, acknowledged Bangladesh of having “slack imp...
Solar power on Teesta island
A private firm in Bangladesh is planning to put up a 30 MW solar power plant on Madarer Char, an island formed by sediments brought down from the Himalayas by the Teesta river. A joint venture with a French company, the island is in the Dimla sub-district of Nilphamari district in north-western Bangladesh, about 40 km downstream from the place where the transboundary river Teesta enters Bangladesh from India.
The joint venture company formed for the purpose by Bangladeshi business house Nilsagor Group and the French company Velcan Energy will sell the electricity to the national grid.
While a sediment-formed island – called char – can suffer partial or complete inundation, some <...
