Business - NsNewsWire

Risks loom large as financial institutions explore new products, opportunities

DHAKA, Nov. 4 (NsNewsWire) — Banking and non-banking financial institutions in Asia and elsewhere have been facing new risks as they explore new products, partnerships and opportunities, experts said on Tuesday, reports Xinhua. They stressed the need to adopt more risk mitigation measures to check any untoward incident in the financial sector. The two-day “Asian […]

Bangladesh’s forex reserve hits record over 27 bln USD

DHAKA, Nov. 2 (NsNewsWire) — Bangladesh’s September foreign exchange reserve hit an all-time high of over 27 billion U.S. dollars, reports Xinhua. AFM Asaduzzaman, senior spokesman of the Bangladesh Bank (BB), said that “the country’s foreign exchange reserve reached a record amount of 27.06 billion U.S. dollars at the end of last month, reflecting the […]

Huawei launches G7 Plus in Bangladesh

DHAKA, Nov. 2 (NsNewsWire) — Huawei, the world’s No 2 Android Smartphone brand, has launched its latest Smartphone Huawei G7 Plus in Bangladesh. Ingmar Wang, Director of Device Business, launched it at a city hotel on Sunday. The device has high-end smartphone features at a very reasonable price. The phone is designed to deliver solid […]

International Procurement Professionals Meet in Dhaka

DHAKA, Nov. 1 (NsNewsWire) — An efficient and transparent public procurement system is crucial for accelerating growth and prosperity of a country, underscored the speakers at the third South Asia Public Procurement Conference 2015 that started today in Dhaka. The conference brought together procurement professionals from around the world, and especially from member countries of […]

Bangladesh ranked 174 in World Bank’s annual ease of doing business measurement

DHAKA, Oct. 28 (NsNewsWire) — Efforts to improve the business climate in South Asia accelerated during the past year, finds a new World Bank report. Bangladesh ranked 174 in the World Bank Group’s “Doing Business 2016: Measuring Regulatory Quality and Efficiency”, released today. The report finds that six of the region’s eight economies implemented nine […]

Newly-appointed BTRC chairman being greeted by Edison Group high-ups

DHAKA, Oct. 28 (Xinhua) — The newly appointed Chairman of BTRC Engr Shahjahan Mahmood was greeted with a flower bouquet by the Managing Director of Edison Group (Symphony Mobile) Mr Md Jakaria Shahid at his office in the city recently. The Vice Chairman of BTRC, Brig Gen Md Ahsan Habib Khan (retd) and the Head […]

GRAMEENPHONE INITIATES GP ACCELERATOR PROGRAM

Dhaka-Oct. 27 (NsNewsWire) — Grameenphone Ltd., in partnership with SD Asia, announced today the launch of GP Accelerator program, a development platform for ICT startups in Bangladesh. This was announced at a press conference at the Krisibid Institute in the city’s Farmgate after the formal signing of a partnership agreement between Grameenphone and SD Asia, […]

Bangladesh and the World Bank working together to end extreme poverty

DHAKA, Oct. 27 (NsNewsWire) — World Bank Senior Vice President, Operations, Kyle Peters has arrived in Dhaka to further deepen the long-lasting partnership between Bangladesh and the World Bank Group. “Bangladesh is globally recognized for its remarkable progress in reducing poverty, despite daunting challenges,” said Peters said who arrived in Dhaka on Tuesday on a […]

Strengthening of Statutory Framework for Financial Reporting is Crucial for Public Financial Management, says a New World Bank Report

DHAKA, Oct. 26 (NsNewsWire) — Bangladesh needs to develop a structured financial reporting framework for the state-owned enterprises and other public sector entities to accelerate economic growth and quality of service delivery, says a new World Bank report launched recently. The Report on the Observance of Standards and Codes (ROSC) 2014 also recommends that the […]