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Bangladesh economy progressing, but below potential

Bangladesh continues to make progress on human development and reducing extreme poverty. Political uncertainty and weak competitiveness are dragging acceleration of private investment and growth. To sustain growth in the near- and medium-term, private investment need to increase significantly along with improving the quality of public investment. wbThe Bangladesh Development Update October 2014 notes that the economy is gradually recovering from prolonged disruptions, aided by political and macroeconomic stability. The challenge now is to consolidate this ...

Pubali Bank Securities launches trading of CSE

Pubali Bank Securities Limited has formally launched the trading of Chittagong Stock Exchange from today. DSC_08Hafiz Ahmed Mazumder, Honourable Chairman, Board of Directors of Pubali Bank Limited was present at the occasion as Chief Guest and inaugurated the trading of Chittagong Stock Exchange. Helal Ahmed Chowdhury, Managing Director & Chief Executive Officer of Pubali Bank Ltd. and Director of Pubali Bank Securities Ltd. and Rana Laila Hafiz, Director of Pubali Bank Securities Ltd. were present as special guests at the launching ceremon...

Robi Customer Experience Center in Cox Bazar

Robi Axiata Limited, country’s fastest growing mobile phone operator, has opened a new Customer Experience Center in Cox Bazar today. The experience center has 8 service desks and can serve more than 300 customers a day. Located in Ibrahim Plaza, Tekpara; the experience center is built in a spacious area of 3000 sft. IMGP9587Number of valued Robi customers and Robi Sheba Point (RSP) owners were present during the inauguration. As part of Robi’s mobile insurance settlement a cheque of BDT 50,000 was given to a Robi customer on the day of openin...

Bangladesh develops mediation training capacity

The Bangladesh International Arbitration Centre (BIAC) in collaboration with Centre for Effective Dispute Resolution (CEDR), UK began the country’s first training programme for trainers in mediation, in Dhaka today at BIAC’s Multi- purpose Room. DSC_0148_editTen trainees who have previously successfully completed the accreditation course in Mediation were chosen by CEDR. Trainees come from different sectors: lawyers, defence services, bankers, company executives, and teachers. Those being trained will, in future, be able to train oth...

NRBC Bank to receive electric bills

An agreement was recently signed between NRBC Bank and DPDC. As per the agreement NRBC Bank shall receive electric bills of DPDC consumers at all Branches it’s through online. NRBCB & DPDCMr. Dewan Mujibur Rahman, Managing Director and CEO of NRBC Bank and Mr. Mohammed Munir Chowdhury, Company Secretary of DPDC signed the agreement on behalf of their respective sides. Besides, Brigadier General Md Nazrul Islam (Retd), Managing Director, Engr. Md Ramiz Uddin Sarker, Executive Director (Engineering), Mr. Md Asaduzzaman Director (Finan...

Govt steps up anti-terrorism financing measures  

The Ministry of Finance is ordering commercial banks to ensure that Corporate Social Responsibility (CSR) funds are not used by terror groups. The ministry sent a circular to all banks late last month stating that CSR funds, which corporations and organisations set aside for social causes, should in no way benefit terrorists or be used for subversive activity, Aslam Alam, Bank and Financial Institutions Division (BFID) secretary at the Finance Ministry, told Khabar South Asia. "We have also asked (the central bank ) to frame a combined rule on the CSR spending with the inclusion of militancy. Once done, it will help the government to get the corporate houses to fight the menace of terrorism and violence," he said of the September 22nd request.
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