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Remittance slips in Jan amid volatility

The country received $1.23 billion in remittance last month, down 2.05 percent year-on-year. The figure too is lower than the amount received in December last year, when $1.27 billion was remitted by migrant workers, according to data from Bangladesh Bank. The reserves now stand at $19.04bn, enough to pay off six months’ imports and second highest among SAARC countries Experts said migrant workers are worried about the upheaval on the country’s political front, ongoing since January 6, due to which they have held back from sending in money. Officials of th...

Flash flood forecast system launched in Bangladesh

A flash flood forecast system launched in Dhaka last week is expected to help about three million farmers in Bangladesh. The new project is designed to reduce the impact of climate change on rural women and men living in haor wetland communities. farmersThe National Start-up Workshop for the Climate Adaptation and Livelihood Protection Project (CALIP) was attended by representatives of the Bangladesh Government, the International Fund for Agricultural Development (IFAD), the Local Government Engineering Department (LGED) and international cl...

Saudi to allow recruitment from Bangladesh

The Ministry of Labor will soon overturn a two-year-old ban on the recruitment of Bangladeshi manpower, and will allow private companies to hire nationals from that country, Al-Riyadh daily has reported, quoting sources close to the ministry. [caption id="attachment_12580" align="alignleft" width="300"]bd-minister-in-KSA-compressor Labor Minister Adel Fakeih (right) receives visiting Bangladesh Minister for Expatriates’ Welfare and Overseas Employment Khandker Mosharraf Hossain and his delegation in Riyadh last...

IDB assistance to hit $ 880m this FY

The approved assistance from the Islamic Development Bank (IDB) to Bangladesh is likely to reach $ 880 million against eight projects in sectors like human resource development and vocational training in the current fiscal year (2014-‘15). idbOut of the expected assistance, the Jeddah-based lending agency has recently agreed to come up with project assistance worth $ 115 million to Bangladesh in two projects to support low-cost housing and water supply and sanitation in the country’s selected municipalities, said officials at the Economic Relations Div...

Bankers, taxmen pocket taxpayers’ pay orders  

A probe body has found out the connivance of bank and tax officials in alleged forgery of pay-orders submitted by taxpayers to the national exchequer. Lax monitoring and reluctance of the authorities concerned are largely blamed for the daring defalcation. The investigation committee has detected that neither the bank officials nor the taxmen had followed their respective procedures of acceptance and depository of the pay-orders, causing embezzlement of taxpayers’ money. bangladesh_bankA vested quarter has pocketed the money t...

Using force not answer to political protests: AI

London-based global human rights watchdog the Amnesty International (AI) criticized the government for giving police carte blanche (blank card) to use excessive force amid the recent wave of horrific petrol bomb attacks during the ongoing violent political protests. human rights BangladeshQuoting media reports over Prime Minister Sheikh Hasina’s announcement giving liberty to police to take any action to stop arson attacks, the London-based AI said, “Remarks like these carry a high risk of being seen as an open in...
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