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FY19 investment likely to exceed gross nat'l savings

The country's gross investment is projected to exceed its gross national savings in this fiscal year (FY), 2018-19, apparently due to rise in the public sector investment, according to the International Monetary Fund (IMF).The gross investment is projected to stand at 32.3 per cent of the gross domestic product (GDP),...

BD to bank on Madrasa teachers' Arabic skills

The government is now aiming to train thousands of Madrasah teachers in information and communication technology (ICT) and modern Arabic to increase their employability overseas, especially to tap further the Middle East job market.The Ministry of Education has recently chalked out a project, under which 19,200 Madrasah teachers will receive...

FDI inflow curve heads downward again

The foreign direct investment (FDI) in Bangladesh dropped again in the past fiscal year (FY) after three years of gaining, according to the latest statistics of the central bank.Provisional data of the Bangladesh Bank (BB) on the annual balance of payments (BoP) showed that the gross inflow of FDI declined...

No subsidy burden on power sector for LNG import, says Nasrul

The country's power sector would not require any 'significant' amount of subsidy out of LNG imports as the existing dual fuel power plants would be converted into gas-fired ones, state minister for energy and power Nasrul Hamid said on Sunday."Oil-fired power plants would be shifted to gas-fired ones wherever necessary....

Pompeo decries 'ethnic cleansing' in Myanmar

WASHINGTON, Aug 26 (Reuters): The United States will continue to hold accountable those responsible for what he described as the "abhorrent ethnic cleansing" of Rohingya Muslims in Myanmar, US Secretary of State Mike Pompeo said on Saturday. Pompeo's statement came on the one year anniversary of the conflict in western...

A bus taking a short-cut through a broken road divider

A bus taking a short-cut through a broken road divider on the Dhaka-Chattogram four-lane highway at Matuail of the city on Sunday, violating traffic rules — FE photo by Shafiqul Alam

News Watch (27-8-2018)

BASIC Bank MD resigns Muhammad Awal Khan has resigned as the managing director (MD) of the state-owned BASIC Bank Limited. Mr Awal, who joined the BASIC Bank as MD on November 1 last for three years, tendered his resignation letter on August 14 on personal grounds, with a three-month notice...