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Walton TV sale gains momentum ahead of World Cup

The sale of local TV brands has got momentum as they are coming up with different offers to attract consumers ahead of the FIFA world cup 2014, which will start on June 12. Walton Amid the local brands, top seller Walton, a brand of the Dhaka-based conglomerate R.B Group of Industries increased production and marketing of its televisions several times to meet the high demand of the consumers. Emdadul Huq Sarker, head of marketing of RB Group, said, “The sale of Walton TVs has increased by 41 percent in May compared to that of the previous month.” Wa...

BB allows agent banking in municipal areas  

Banks can now operate “agent banking” in municipal (Pourashabha) areas alongside the rural areas. A Bangladesh Bank (BB) circular Monday amended its previous circular where it had barred agent banking within metropolitan, city corporation and municipal areas. Bangladesh BankThe Bangladesh Bank’s amended circular, was signed by its deputy general manager of Banking Regulation and Policy Department (BRDP) Anwarul Islam, reports UNB. “But the bar on agent banking operation in metropolitan and city corporation ...

Sukuk the missing link in Bangladesh Islamic finance sector

Bangladesh has developed a sizeable Islamic finance industry but a lack of sharia-compliant instruments such as sukuk is limiting further growth of the sector, a report by a standard-setting body found.

With a predominantly Muslim population of 160 million, Bangladesh has developed Islamic finance with only marginal regulatory adjustments; the industry has doubled in size in the past four years. The central bank has a small short-term sukuk (Islamic bond) programme which issues six-month tenors to help Islamic banks manage their liquidity, but a wide range of tenors is not available and there are no corporate sukuk.

Jute report – June 1

VARIETY BALES FOB Narayanganj (One bale = 180 kg) (Taka per bale) Ready Position (in taka) Bangla white special (BW special) 12,800 Bangla white A (BWA) 12,500 Bangla white B (BWB) 11,600 Bangla white C (BWC) 10,100 Bangla white D (BWD) 9,650 Bangla white E (BWE) 9,200 Bangla tossa special (BTS) 13,100 Bangla tossa A (BTA) 13,800 Bangla tossa B (BTB) 11,900 Bangla tossa C (BTC) 10,400 Bangla tossa D (BTD) 9,950 Bangla tossa E (BTE) 9,500 WRS/TRS, HABIJABI, CUT ROPES Bangla white rejection (BWR) 8,250 Bangla white habijabi (BWH) 6,300 Bangla tossa rejection (BTR) 8,500 Bangla tossa habijabi (BTH) 6,300

Newly formed IBBL board holds meeting

A meeting of newly formed Board of Directors of Islami Bank Bangladesh Limited (IBBL) was held on Saturday, May 31, 2014 at the Board Room of Islami Bank Tower. 2Prof. Abu Nasser Muhammad Abduz Zaher, who was re-elected Chairman of the Bank presided over the meeting. Yousif Abdullah Al-Rajhi of Saudi Arabia and Engr. Mustafa Anwar, Repr. of the Public Institution for Social Security, Kuwait re-elected Vice Chairmen, Engr. Md. Eskander Ali Khan, Repr. Al Rajhi Co. for Industry & Trade, KSA, Md. Abul Hossain, Repr. of Investment Corporation of Banglade...

Ahmad Dawood appointed as CRO of CSE

The Board of Directors of Chittagong Stock Exchange Ltd. in its 6th meeting held on the 30th April, 2014 decided to appoint Mr. Ahmad Dawood, FCA and FCMA as Chief Regulatory Officer (CRO) of Chittagong Stock Exchange Ltd (CSE). Dawood12846The Bangladesh Securities and Exchange Commission approved the appointment under the provisions of the Chittagong Stock Exchange Limited (Board and Administration) Regulations 2013. Before he served more than 6 years in CSE in different key positions and also served 6 years in KPMG. &n...
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