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regulators

BHBFC profits Tk 166.98cr during 2015-16 FY

Bangladesh House Building Finance Corporation (BHBFC) earned profits of Tk. 166.98 crore during the fiscal year 2015-16. From July 2015 to June 2016, the Corporation gained income totaling Tk. 245.18 crore. BHBFC-300During the same time of the last fiscal year the amount was Tk. 242.89 crore. Recovery from loan was 518.40 crore in 2015-2016 FY, which is significant increase of 35.67 crore than the previous year. Loan sanction and disbursement were 260.91 crore and 247.38 crore respectively at that time. Classified loa...

Meeting on BB heist with NY Fed postponed

A meeting between Bangladesh central bank officials and the New York Federal Reserve scheduled for this week to speed up efforts to recover $81 million stolen from Bangladesh Bank’s account at the Fed has been postponed, officials in Dhaka said. A four-member Bangladesh Bank team headed by deputy governor Mohammad Razee Hassan, who also heads its financial intelligence unit, was to meet Fed officials in New York on July 15. bb“We are in talks with the Fed and hoping that the meeting will take place anytime at the end of this month ...

Is North Korea behind the £81m BB cyber-heist?

The probe into the $81m (£56m) cyber-heist at the Bangladesh central bank has taken a strange turn as security researchers from BAE Systems claim to have linked the malware used in the attack to the online siege against Sony Pictures in 2014. Many, including experts in the US government, believe the cyberattack against Sony was the work of hackers affiliated with the North Korean government. Could the reclusive nation really be involved in this latest incident? The BAE report, titled Cyber Heist Attribution, claims what initially appeared to be an isolated attack against one bank has turned out to be larger in scope than previously thought.

Proper utilisation of fish, shrimp wastes stressed

The domestic fish production in Bangladesh has been steadily growing for several years with significant impact on GDP growth and ability of the country to meet the nutritional needs of its citizens. The country is, however, yet to start reaping the benefits from fish wastes producing an important range of byproducts using those as raw materials. The prospect in this regard is very bright with the country presently generating almost a million tons of fish wastes annually and they are hardly used systematically for further processing, reports BSS. MDG : B... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

Trade facilitation emerged as key issue for world trading

Trade facilitation has emerged as the key issue for the world trading system in recent years. In November 2014, WTO members adopted a Protocol of Amendment which is a necessary step towards making the Trade Facilitation Agreement (TFA) an integral part of the WTO Agreements. TFA was successfully negotiated at the Bali Ministerial Conference in December 2013 as part of a wider set of ministerial decisions, according to the editorial of the current News Bulletin of International Chamber of Commerce-Bangladesh (ICCB) released on Thursday. TFA will enter into force with the ratification by at least two-third of WTO members. So far, 72 countries have ratified the TFA. Since WTO members have a shared interest in facilitating

Governor to meet Fed chief, SWIFT official to recover heist money

Bangladesh Bank (BB) Governor Fazle Kabir is likely to meet the head of the Federal Reserve Bank of New York and a senior executive from global financial messaging service SWIFT next week to seek their firm steps to help recover the heist money, reports BSS. “The governor will go to Basel, Switzerland next week”, the chief spokesperson of the central bank, Subhankar Saha, told BSS on Wednesday. bbBasel is the headquarters of the Bank for International Settlements (BIS), a group of major central banks. Shaha, also an executive di...
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