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Bangladesh asks World Bank to review cancelled loan

Bangladesh has asked the World Bank to review its decision to cancel a $1.2 billion loan for a major road and rail bridge, saying that a senior minister had resigned over the graft allegations. The Washington-based lender cancelled financing for the Padma bridge, which would...
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Outsourcing companies under spy radar in Bangladesh

According to those close to the issue, a growing number of companies are at an increased risk of fraud. How so? Because they’re joining the ranks of businesses that are outsourcing critical functions to third parties. Intelligence agencies in Bangladesh have started monitoring activities of...
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IMF Says World Economy Getting Worse

The world hangs in the balance of the U.S. and European economies. Until they turn the corner, the emerging economies of the world will remain in slow motion, the International Monetary Fund said Monday in yet another reduction in the multilateral lender’s global growth forecast...
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Good news!! Discovery of new gas field at Comilla !!

The state-owned Bangladesh Petroleum Exploration and Production Company (Bapex) has announced the discovery of a new gas field at Srikail in Comilla district, an area rich in hydrocarbon deposits. The gas field having a probable reserve of 300 billion cubic feet is of a medium-size...
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Bangladesh fruit export receive boost

Bangladesh optimistic about the future of the country’s fruit export sector in light of recent developments The UK has eased restrictions on citrus from Bangladesh igniting hopes amongst the industry there it could revive exports to Europe. The UK’s Department of Environment Food and Rural...
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Growing Internet trends in Bangladesh

The rapid growth of digital technology is fundamentally changing the world as we know it. Global internet penetration in 2010 stood at 1.9 billion people and is expected to grow to 5 billion by 2015. It is unsurprising that with this in mind, information in...
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Bangladesh all set to form a strict MLM law !!

Bangladesh all set to form a strict MLM law Millions of Bangladeshis lost their hard-earned money to fraud MLM companies. After massive allegations of cheating people by MLM companies, the Ministry of Commerce, Bangladesh, is all set to form a strict all in coming months....
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Beware of online cheating by MLM companies

Bangladesh Association of Software and Information Services (BASIS) has urged all concerned to be aware of online cheating as a number of MLM (multi-level marketing) companies are alluring the people to earn foreign currency in the name of outsourcing. BASIS has observed that recently some...
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Life on Mars !!

This full-circle scene combines 817 images taken by the panoramic camera (Pancam) on NASA’s Mars Exploration Rover Opportunity. It shows the terrain that surrounded the rover while it was stationary for four months of work during its most recent Martian winte See the full scale...
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Bangladesh Fires Back At World Bank Over Bridge

First, the World Bank cancels a $1.2 billion loan to Bangladesh to build a bridge, citing corruption. Now, Bangladesh’s finance minister is blaming the World Bank itself for irregularities in the project. The World Bank said in a statement Friday that it had “credible evidence”...
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