BB pins much hope on global economic recovery
January 25, 2010
The central bank has found strong link between the performance of the Bangladesh economy in the current fiscal and the pace of recovery of the global economy from deep recession.
In its annual report (for fiscal 2008-09) released Sunday, the Bangladesh Bank expressed the fear that Bangladesh might have to make some downward revision in its medium-term economic forecasts in the event of the third wave of recession.
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Accepting the economic realism
January 16, 2010
Politics has a way of crippling or frustrating mutually gainful economic relations between countries. This is unfortunate. Countries ought to learn to jettison unnecessary and inflexible mind-sets, to overcome prejudices and to look at each issue on the pure merit of it, if they are to lend dynamism to the various processes of uplifting their economies through trans-borders cooperation.
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Small investors form human chain in Rajshahi
December 23, 2009
Small Investors Forum formed a human chain demanding re-opening of self-protection mutual fund loan and protecting small investors from the dishonest businessmen at Shaheb Bazar Zero Point of the divisional city recently.
A meeting was held during the human chain which was chaired by Kamrul Ali Ahmed Babu, convener of the forum.
BB launches upazila loan in 2010 to generate jobs
November 15, 2009
Bangladesh Bank is going to introduce a loan scheme titled ‘one banking product in each upazila’ across the country in an effort to generate work opportunities for village people.
Commodities mostly drop in choppy week as US economy recovers
November 1, 2009
Commodities mostly fell in volatile trade this week as investors tracked sharp swings in global equities and the US dollar and news that the United States has escaped from recession.
Official data showed Thursday that the US economy emerged from a vicious recession in the third quarter, following France, Germany and Japan out of the worst downturn since the 1930s.
Maldives stops recruiting Bangladeshi workers
October 31, 2009
The country’s overseas employment has suffered yet another blow as the Maldives has stopped hiring Bangladeshi workers after growing cases of overstay by Bangladeshis holding tourist visas, officials said Saturday.
After a request from Male, the state-run Manpower Bureau, which processes foreign employment, stopped issuing fresh approval to Bangladeshis seeking jobs in the Indian Ocean state, they said.
“Implementation of DIBOR to help create a term money market”
October 29, 2009
HSBC Bangladesh Global Markets in collaboration with Bangladesh Foreign Exchange Dealers’ Association (BAFEDA) arranged a workshop on “Dhaka Inter-Bank Offer Rate (DIBOR)” for all the banking institutions at a city hotel recently, said a press release.
Deputy Governor of Bangladesh Bank Ziaul Hasan Siddiqui was present at the workshop as the chief guest.
Global economic recovery is no accident, says Strauss-Kahn
October 27, 2009
The global economic recovery is no accident, but rather the result of bold and coordinated policy action taken by leaders around the world, said IMF Managing Director Dominique Strauss-Kahn.
The IMF chief urged policymakers to focus on economic stability to help underpin world peace.
German business leader sees Dhaka emerging as top global shipbuilder
October 26, 2009
Bangladesh will be a major player in global shipbuilding industry as it can make quality ocean-going ships at the most competitive price, a German business leader said Sunday.
“International buyers are increasingly placing orders to build ships in Bangladesh,” said Peter Clasen, head of a German delegation visiting the country, at a meeting at Meghnaghat in Narayanganj.
Falling manpower exports to Dubai will figure prominently when trade and economic officials of Bangladesh and the United Arab Emirates meet in Abu Dhabi next week, officials said.
October 24, 2009
Falling manpower exports to Dubai will figure prominently when trade and economic officials of Bangladesh and the United Arab Emirates meet in Abu Dhabi next week, officials said.
The UAE was one of major employers of Bangladeshi workers in recent years, but its emirate of Dubai has started deporting tens of thousands of foreign workers since September last after its economy was hit by the worst recession in a generation.