NEWS OF THE DAYCredit Suisse forecasts Saudi Arabia to emerge as the seventh largest emerging capital market by the year 2030 (with the equity market growing to be the sixth largest emerging market from the current 10th position).
Bangladesh lags much behind the race of graduating to middle-income country by 2021 targeted by the government as the growth of its economy is stagnant due to slow progress in private sector for lower credit. In developing countries like Bangladesh, growth in private sector investment is crucial for achieving the targeted GDP growth. But growth of private investment has become stagnant in the last couple of years, mainly because of the political instability, lack of good governance and inadequate development of infrastructure. This was revealed at an editorial of the current ICCB News Bulletin (April-June 2014) of the International Chamber of Commerce-Bangladesh released Sunday. Over the last two decades, the country has... more ›
Robi Axiata Limited, one of the leading mobile phone operators distributed clothes as Eid gifts among underprivileged children across the country. A total of 25,000 underprivileged children in 64 districts received new clothes from Robi which commenced the countrywide campaign in early July. The massive distribution was conducted in association with Volunteer for Bangladesh, a youth wing of JAAGO Foundation. Befitting with the theme of the campaign “In this Eid, who will you make smile?” the clothes distribution programme was aimed at bringing smiles to thousands of underprivileged children across the country. The campaign also enabled Robi... more ›
Farmers of Ganga-Kapotaksha (Ganges-Kobadak) irrigation project area have been suffering for a long time from ramshackle pumps and their plight has increased manifolds with the delay in implementing a project to replace those. Replacement of three of the 45 year-old Japanese pumps became urgent as those are unable to ensure uninterrupted irrigation to 97,500 hectares of land in 13 upazilas of Kushtia, Chuadanga, Jhenidah and Magura districts for nearly 10 to 12 years. The government moved to rehabilitate those pumps under a project at a cost of Tk 179.54 crore that was supposed to complete between 2000 and 2009 but is yet to see the light, planning commission sources said. GK project... more ›
Panchagarh: Topi (prayer cap) manufacturers at Mathaphata village in Tentulia upazila are passing a very busy time as the demand for the item has increased significantly ahead of Eid-ul-Fitr. During a visit to the village, our Pnachagarh correspond found Topi makers working round the clock to meet its demand on the occasion of Eid-ul-Fitr, the greatest religious festival for the Muslims, reports UNB. Topi makers said they are giving importance on producing topis of trendy and new designs to draw attention of buyers. Asked about the history of topi production at the village, locals said Abdul Hannan, a lecturer at a local degree madrasa, and his friend Abdur Razzak, a tailor by... more ›
Bangladesh Bank (BB) has directed all the banks to ensure network and cash at ATM (Automated Teller Machine) and POS (Point of Sale) round the clock so that clients could make card based electronic transaction anytime. The central bank in a circular today ordered all the banks to connect their ATM and POS with the network uninterruptedly. It also asked the banks to make available cash at ATM booths all time, reports BSS. The banks must have to display notice in front of the closed or inoperative ATM booths. Besides, if the services of ATM and POS of any bank are remained closed for unavoidable circumstances, they must have to inform the... more ›
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