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IBBL local office holds Ramadan discussion

The Local Office of Islami Bank Bangladesh Limited (IBBL) has arranged a discussion meeting and Ifter Mahfil on ‘Taqwa in Economic Life and Islamic Banking’ at BCIC conference Hall on  Tuesday. DSC_0337Mohammad Abdul Mannan, Managing Director of the Bank was present in the program as chief guest. Presided over by Md. Shafiqur Rahman, Executive President of the Bank and head of Local Office Dr. Mohammad Manzur-e-Elahi, member of Shariah Supervisory Committee of the Bank were present in the program as the chief discussant.  

Maritime dispute with India: Bangladesh gets 19,467sq km area in Bay

Settling a longstanding India-Bangladesh maritime boundary dispute, a Hague-based international court has awarded Bangladesh 19,467square kilometres out of 25,602 sq km disputed area in the Bay of Bengal. Foreign Minister AH Mahmood Ali disclosed this at a press briefing in the afternoon. The Permanent Court of Arbitration (PCA) delivered the verdict after nearly five years of argument and counter argument by the two nations, spot visit by judges and examination of survey reports. maritime-mapThe judgement is final and cannot be ...

Govt imports 374,560 tons rice, 13 times higher than last FY

The government has imported around 374,560 tons of rice in the fiscal year 2013-14 (July 1, 2013 - June 30, 2014), up about 13 times or 1,195pc from around 28,930 tons imported in FY 2012-13, according to data released by the Food Ministry. bangladeshi_rice_400Of the total rice imports during the year, around 371,500 tons are imported by the private sector and 3,060 tons are imported by the government. A Bangladesh Bank official told local media sources in the second week of June that fall in global rice prices, simulta...

Bangladesh leather exports surpass, Pakistan in negative growth

Pakistan is the only country in the region with negative leather products export growth rate even export of Bangladesh has surpassed country’s exports. leather goodsAll the countries in the region are using imported hides/skins to boost their exports but unfortunately despite negative growth rate of Pakistan the government imposed 1 percent duty on import of hides and skins, which would further decline our exports, said Agha Saiddain Chairman regional Standing Committee on leather industry Federation of Pakistan Chambers of Commerc...

Australia, Japan to sign free trade, defense deals

Japan's prime minister Shinzo Abe met with his Australian counterpart on Tuesday to sign agreements bolstering defense and trade ties between the countries. The defense deal, which involves the transfer of military equipment and technology, comes a week after Japan's government ushered in a new era for the country's defense force by reinterpreting its pacifist constitution to allow greater use of its military to defend allies. aus japanAbe wants Japan to have a larger role in global security amid China's growing military might. The defens...

BASIC Bank gets four new directors

The government has appointed four new directors to the state-owned BASIC Bank Board of Directors for the next three years. The four new directors are Hasan Mahmud, FCA, Rayhana Anisa Yusuf Ali, former MD of Bangladesh House Building Finance Corporation, Mamun Al-Rashid, Joint Secretary of Bank and Financial Institution Division and Dr Mujib Ahmed, Professor of Accounting and Information System Department of Dhaka University, reports UNB. logo-basic-bankThe Banking and Financial Institutions Division of the Finance Ministry on Monday iss...
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