The Institute of Chartered Accountants of Bangladesh (ICAB), the sole professional body responsible for regulating the accountancy profession in Bangladesh, and the Confederation of Asian and Pacific Accountants (CAPA), representing the regional accountancy profession, of which ICAB is a member, jointly organised a daylong, high profile Roundtable on “Attracting & Retaining Finance Personnel in the Bangladesh Public Sector” in Sonargaon Hotel, Dhaka, on Thursday.
Tofail Ahmed, MP, Minister, Ministry of Commerce, GoB, graced the occasion as the Chief Guest of the Roundtable Inauguration.
The Roundtable was participated by a wide range of stakeholders, including the Government parliamentarian and public sector officials, regulatory agencies, civil socie...
The Executive Board of the International Monetary Fund (IMF) concluded the 2015 Article IV consultation with Bangladesh on January 20, 2016.
Despite global headwinds and episodes of domestic unrest, Bangladesh has had a strong macroeconomic performance in the two years since the last Article IV consultation, supported by prudent policies under the recently-completed Extended Credit Facility (ECF) arrangement with the IMF.
Real GDP growth has remained above 6 percent, a notable performance in the current global
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Bangladesh's foreign exchange reserves edged down to nearly $27.14 billion by January-end from a record high of $27.49 billion in the previous month, but were up 23 percent from a year earlier, the central bank said on Monday.
A senior central bank official attributed the drop in January to a rise in imports; the reserves
are enough to cover more than seven months of imports.
Garment exports and remittances from Bangladeshis working overseas - two mainstay revenue generators - have helped foreign exchange reserves grow s...
Investors looking for alternatives amid the global slump would do well to check out Bangladesh.
Exports rose to a record last month even as other regional economies reported continued declines, and economists say shipments will increase as Americans rush to buy cheap clothes. Bangladesh’s central bank forecasts inflation will slow and the World Bank predicts growth will accelerate to 6.7 percent this year, making it one of the world’s fastest-growing economies.
“Over the medium-to-long term, we are bullish on the growth prospects of Bangladesh’s industrial and export sectors,” Raphael Mok, Asia analyst at Fitch unit BMI Research, said by e-mail. “The country boasts a large and youthful population, as well as relatively low labor costs.”
The central bank of Bangladesh is launching a US$200 million fund to green the country’s clothing factories.
Governor Atiur Rahman trailed the initiative at a sustainable development conference in Dhaka last week.
The goal was “transforming Bangladesh into a fully fledged ‘green’ nation,” he told delegates, to stay competitive amid slowing global trade.
Following financial incentives to light Bangladeshi homes with solar power, it represents a scaling up of the bank’s green ambitions.
While it is not yet clear how, the fund is to shrink the carbon footprint of Bangladesh’s textile
The High Court has stayed for four months a Bangladesh Bank (BB) decision to fine the Farmers Bank on charges of irregularities. The HC bench of Justice Tariqul Halim and Justice Bhishmadeb Chakraborty on 11 January issued the order after hearing a writ petition filed by the Farmers Bank, challenging the central bank decision.
In the same day, the Farmers Bank’s lawyer Anupam Biswas informedBangladesh Bank about the court decision through a letter, said authorities of the Farmers Bank. Bangladesh Bank deputy governor SK Sur Chowdhury on Monday confirmed this to Prothom Alo.
