Aug 4 2017 Irish PM suggests UK-EU customs union

Irish Prime Minister Leo Varadkar has called for "unique solutions" to preserve the relationship between the UK and the European Union after Brexit.
On his first official visit to Northern Ireland, he raised the possibility of a bilateral UK-EU customs union.
The taoiseach described Brexit as "the challenge of this generation", reports BBC. 
In response, the UK Government [...]

 

Aug 4 2017 Middlemen still active at passport offices

Arafat Ara
Middlemen are still active in the process of delivering passports at the Agargaon office of the Department of Immigration and Passports.
The malpractice has been going on although the authorities claim to have taken different initiatives to stop it.
It is alleged that a section of corrupt officials is involved in the process. They do not [...]

 

Aug 4 2017 Direct oil purchase redeems BD from costly borrowing

FHM Humayan Kabir
Bangladesh's dependence on high-rated International Trade Finance Corporation (ITFC) credits for oil import is decreasing for opting for direct purchase from other markets, officials said.
Although the ITFC set aside US$700 million in loan in the last financial year (FY), 2016-17, Bangladesh government used only $250 million of the credit.
 ITFC, the trade-financing arm of [...]

 

Aug 4 2017 BD needs $9.55b additional annual FDI, foreign aid

FE Report
Bangladesh will need around US$ 7.0 billion in additional foreign direct investment per annum over the next thirteen years for financing the programmes that would help it achieve the Sustainable Development Goals.
The amount is three times the FDI the country currently receives annually.
Added up to its daunting task of arranging external funds for implementing [...]

 

Aug 4 2017 Angels’ funds flow in for beginners

New-generation investors called 'angels' are now pouring funds into startups, turning Bangladesh's investment scene interesting, despite lack of adequate policy supports.
According to people familiar with this latest development on the front of finance capital, business angels or angel investors are affluent and wealthy individuals who invest their personal or their groups' capital in startup companies [...]

 

Aug 4 2017 Medical tests confirm sexual assault on Bogra girl

Medical evidence of the rape of a young girl by a Sramik League leader in Bogra has been found, says police, reports bdnews24.com.
The perpetrator's family allegedly shaved the heads of the victim and her mother soon after the incident last month.
Medical tests have confirmed the sexual assault on the girl, said case investigation officer and [...]

 

Jul 28 2017 Trump replaces chief of staff Priebus with Kelly

President Donald Trump replaced his beleaguered White House chief of staff, Reince Priebus, after only six months on the job on Friday, installing retired General John Kelly in his place in a major shake-up of his top team.
Trump announced the move in a tweet a day after his new communications director, Anthony Scaramucci, accused Priebus [...]

 

Jul 28 2017 Aid in pipeline swells to $36b

A year-on-year steep rise in foreign-aid commitments virtually jammed the pipeline as disbursement didn't increase proportionately mainly for failure to execute projects in time, sources said.
Failure in utilisation of all the confirmed loans and grants resulted in the ballooning of the foreign assistance in the pipeline-as much as $35.80 billion till the just-concluded financial year [...]

 

Jul 28 2017 BSC seeks tax waiver

Bangladesh Shipping Corporation (BSC) has again sought tax-VAT waiver against its procurement of vessels over next ten years, as the amounts will run into billions and affect its bid for 'survival', officials said.
This is for a second time in a year it applied for the complete tax exemption as the revenue board did not respond [...]

 

Jul 28 2017 Most bank boards ignorant of cyber risks, finds study

A significant section of the country's banks and their governing bodies are not sure about what their major cyber threats are, a recent industry-wide survey on cyber risk governance has revealed.
The survey also found that 45 per cent of the bank boards do not know what the single biggest technology or cyber security vulnerability is, [...]

 
 
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