16 die in Bangladesh as Remal wreaks havoc

At least 16 people were killed and more than 3.7 million people were affected due to heavy rain and strong wind persisting until Monday night, more than 24 hours after the severe cyclonic storm Remal made landfall between the Bangladesh and West Bengal

Fitch lowers Bangladesh’s rating to B+

Fitch Ratings on Monday downgraded Bangladesh’s long-term foreign currency issuer default rating from “BB-” to “B+”, citing persistent weakening of the country’s external buffers.  However, the …

Cyclone Remal makes landfall in Bangladesh

On Sunday, Bangladesh evacuated nearly 800,000 people from vulnerable areas. Bangladesh’s junior minister for disaster management and relief, Mohibur Rahman, said volunteers have been deployed to move the evacuees to up to 9,000 cyclone shelters. The government also closed all schools in the region until further notice.