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Author Archives: limon

Govt likely to sign $220 million deal with IDB

Govt likely to sign $220 million deal with IDB

Bangladesh government has kept an eye on signing a $220 million credit assistance agreement by June with the Islamic Development Bank (IDB) to implement 400 MW Ashuganj (East) power plant efficiency project. Economic Relations Division (ERD) official said “Hopefully, we’ll be able to sign the credit agreement for the 400MW Ashuganj (East) power plant efficiency improvement project in the country ...

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Technicians from SWIFT left Bangladesh Bank exposed to hackers: Police

Technicians from SWIFT left Bangladesh Bank exposed to hackers: Police

The SWIFT logo is pictured in this photo illustration taken April 26, 2016. REUTERS/Carlo Allegri/Illustration/File Photo Bangladesh’s central bank became more vulnerable to hackers when technicians from SWIFT, the global financial network, connected a new bank transaction system to SWIFT messaging three months before a $81 million cyber heist, Bangladeshi police and a bank official alleged. The technicians introduced the ...

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Bangladesh seeking Iranian cars, petrochemicals, LPG

Bangladesh seeking Iranian cars, petrochemicals, LPG

Abdul Matlub Ahmad, the president of the Federation of Bangladesh Chambers of Commerce and Industry, who is leading a 24-strong trade delegation to Iran, mentioned cars, petrochemicals and liquefied petroleum gas (LPG) as three main products the delegation is negotiating to import from the Islamic Republic. “The aim of this trip is to see what we can buy from Iran ...

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Steel rods price to increase after new VAT law

Steel rods price to increase after new VAT law

Steel rods will experience an increase in price for the 15% VAT imposed on the industry. It has been prescribed by the International Monetary Fund and will replace the present VAT Act 1991in July. The lawq stipulates a 15% flat rate of VAT. The value-added tax under the new law will also bloat the government’s public works budget, according to ...

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SWIFT says Bangladesh bank responsible for own cybersecurity

SWIFT says Bangladesh bank responsible for own cybersecurity

The SWIFT logo is pictured in this photo illustration taken April 26, 2016. REUTERS/Carlo Allegri/Illustration/File Photo SWIFT has told its bank customers that they are responsible for securing computers used to send messages over its global network, which was used to steal some $81 million from a Bangladesh central bank account at the New York Fed in February. The theft ...

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Second bank hit by ‘sophisticated’ malware attack: Swift

Second bank hit by ‘sophisticated’ malware attack: Swift

he SWIFT logo is pictured in this photo illustration taken April 26, 2016. REUTERS/Carlo Allegri/Illustration/File Photo Swift, the global financial messaging network that banks use to move billions of dollars every day, warned on Thursday of a second malware attack similar to the one that led to February’s $81 million cyberheist at the Bangladesh central bank. The second case targeted ...

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Cyber security firm reportedly ties Bangladesh bank heist to Sony attack

Cyber security firm reportedly ties Bangladesh bank heist to Sony attack

A cyber security firm said in a report Friday that the malicious software used in the Bangladesh Central Bank heist in February is linked to the 2014 Sony hack attack. BAE Systems said in a report that the initial hack looked like to be an isolated incident, but further investigations revealed it’s part of a wide-scale campaign. The Bangladesh Central ...

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Apple invests in Chinese Uber rival Didi Chuxing

Apple invests in Chinese Uber rival Didi Chuxing

Apple has invested $1bn (£693m) in Didi Chuxing, the car-hailing app that has a greater market share than US rival Uber in China. Tim Cook, chief executive, said that the move would help Apple to better understand the Chinese market. Didi Chuxing, previously known as Didi Kuaidi, said it represented the single largest investment in its history. The firm said ...

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YouTube wants you to share videos with friends in new chat feature

YouTube wants you to share videos with friends in new chat feature

YouTube is launching a new messenger service for its platform to boost video sharing even more. The Google-owned video giant confirmed to Mashable that it is releasing “native sharing” to a small percentage of YouTube users beginning Wednesday. Using YouTube’s mobile app, select users will be able to chat about and share videos in message threads. The addition positions YouTube ...

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UN climate science chief: it’s not too late to avoid dangerous temperature rise

UN climate science chief: it’s not too late to avoid dangerous temperature rise

The head of the United Nations climate science panel has declared it is still possible to avoid a dangerous 2C increase in global warming – despite more than a dozen record hot years since 2000. But the costs could be “phenomenal”, he said. In an interview with the Guardian, Hoesung Lee, the leader of the Intergovernmental Panel on Climate Change ...

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