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Banking industry now an orphan, says CPD

The private think-tank Centre for Policy Dialogue (CPD) Tuesday termed the country's banking sector an 'orphan' and wanted the government to form an 'independent commission' to critically assess the problems and make appropriate recommendations for prudential banking. 'The banking sector has become an orphan and its regulators are abusing it',...

$2.67b Padma Rail Link Project loan deal on April 28

The much-awaited loan agreement for Padma Rail Link Project will be inked in Beijing on April 28, paving the way for receiving the Chinese government's highest ever loan facility for establishing rail link with Padma bridge.Sources said, the date and place of signing US $ 2.67 billion loan agreement were...

PM pledges to provide edn for all

Prime Minister Sheikh Hasina has pledged to provide education for all -- the key to achieving the overarching vision of inclusive development in the light of sustainable development goals, reports bdnews24.com."We foresee a future where women and men work hand in hand for achieving human development," Hasina said in her...

PMO approves fresh allocation for Bhasan Char development

The Prime Minister's Office (PMO) last week approved the release of Tk 13.11 billion to construct rehabilitation centres at Bhasan Char Island in Noakhali to accommodate 0.1 million Rohingyas, sources said.The fund is given from the revised Annual Development Programme (ADP) for fiscal year 2017-18, and Bangladesh Navy will develop...

Arastoo Khan quits IBBL

The board of Islami Bank Bangladesh Limited (IBBL) saw another major change, as its chairman Arastoo Khan resigned from the post on Tuesday.The former government secretary resigned from the post of IBBL chairman after more than 15 months on personal ground."I could not give time to my family because of...

Passengers clinging onto door handles of a double-decker bus

Passengers clinging onto door handles of a double-decker bus plying the Kazi Nazrul Islam Avenue in the capital on Tuesday, defying the risk of accidents, in one of which student Rajib died on the day after losing his arm — FE Photo by Shafiqul Alam

News Watch (18-04-2018)

Shab-e-Barat on May 01The holy Shab-e-Barat, the night of fortune and forgiveness, will be observed in the country on May 1 as the Shaban moon was sighted in the Bangladesh sky on Tuesday. The National Moon Sighting Committee took the decision at a meeting held at the Islamic Foundation office...