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AIBL opens branch at Shiber Haat, Sandwip

Al-Arafah Islami Bank Ltd (AIBL) has opened its 113th branch at Shiber Haat, Sandwip. Director of the Bank Doc. Md. Shafiul Haidar Chowdhury inaugurated the branch as Chief Guest. Deputy Managing Director Md. Mofazzal Hossain presided over the ceremony while Zonal Head & Senior Vice President of AIBL Chittagong Zone A. K. M. Amzad Hossain delivered the welcome speech. 20140603 - AIBL Shiberhaat Branch PressThe occasion was addressed by Senior Vice President of the Bank Engr. Md. Hab...

PM for speedy completion of Doha Round

Prime Minister Sheikh Hasina today called upon the World Trade Organization (WTO) to play its due role for speedy completion of Doha Round in the greater interest of the least developed countries (LDCs). “It is the right time for completion of the Doha Round, and Bangladesh would extend its allout support to this end,” she said when WTO Director General Roberto Azevedo paid a courtesy call on the Prime Minister at her office here this morning, reports BSS. sheikh-hasina_25The Prime Minister said with the implementation of Doh...

Journalist Benzir Ahmed passes away

Former editor of vernacular Daily Bhorer Kagoj and veteran journalist Benzir Ahmed passed away early today while undergoing treatment at a city hospital. He was 68. Benazir had been suffering from various diseases, including heart ailment, said his brother-in-law Sayed Uddin Mahmud. benazir-death-wbBenazir’s body has been kept at Birdem Hospital mortuary, reports UNB. His first Namaz-e-Janaza will be held on Bhorer Kagoj premises at 10:00am and second janaza at the Jatiya Press Club. Later, he will be buried at Banani ...

Budget session begins today  

The Jatiya Sangsad goes into the budget session at 5 this afternoon. President Abdul Hamid on May 18 summoned the 2nd session of the 10th parliament as per Article 72 (1) of the Constitution. The maiden session of the 10th parliament took place between January 29 and April 10. Finance Minister AMA Muhith will place the national budget for fiscal year 2014-15 (FY15) at the parliament on June 5. It will be the first national budget of the Awami League government after returning to power for the second consecutive term through its victory on January 5 parliament polls, BSS reports.

Remittance inflow in May declines to $1202 million

The country’s foreign remittance earning last month slightly declined to stand at $ 1202.18 million compared to $ 1230.57 million the previous month of April. The remittance inflow in March totalled $ 1288.62 million, according to the latest data provided by the Bangladesh Bank. The central bank data also showed that some $ 14,461.14 million came as remittance in the last fiscal year (2012-13). remittanceOf the total remitted amount till May this year, the highest $ 801.61 million came through the private commercial banks, reports UN...

Growth assumptions for next fiscal unrealistic: Economists

Leading economists are not in agreement with the government’s growth assumptions for the fiscal year 2014-15 saying those are not sufficient for a higher trajectory of growth. They also found a number of assumptions not compatible with ground realities. The government is likely to project a 7.2 per cent GDP growth for the next fiscal (2014-15) in the budget documents. The Ministry of Finance in the budget documents prepared for the next fiscal expects that the political situation would remain stable in the next fiscal with the private sector getting back its confidence to make fresh investments.
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