Banking Companies Act likely to bring ambiguities
In terms of comprehensiveness, precision and clarity, the Banking Companies (Amendment) Act 2013 is likely to bring ambiguities among the stakeholders; the shortcomings of the Act, therefore, should be addressed immediately to ensure proper corporate governance in the banking sector, opine speaker at a conference organized by Institute of Chartered Accountants of Bangladesh (ICAB) at its auditorium in the city on Friday.
Md. Habibur Rahman Bhuiyan FCA, Deputy Managing Director, Islami Bank Bangladesh Ltd and S.M. Abdul Hamid, FCA, Deputy Managing Director and CFO, IFIC Bank Bangladesh Ltd jointly presented the keynote in the conference titled ‘Changes in Banking Companies (Amendment) Act 2013 and its Analytical Review & Impact’.
Bata to invest Tk 2000m in next five years
Jack Clemons, world wide chief executive officer (CEO) of Bata Shoe Organisation said Bata Bangladesh is going to invest Tk 2,000 million in next five years. Bata CEO was speaking at a press conference at its corporate office in Tongi, Gazipur on Thursday.
Jack Clemons led the press conference and gave his speech. He upholds Bata’s overall activities, current scenario and the future plans of Bata Bangladesh and said the new investment plan will create more employment. ‘The company is investing for the modernisation of two factories in Tongi and Dhamrai’, he said.
Like every year Bata Bangladesh is going to expand its market throughout the country, he added.
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Political crisis threatening hard-earned economic progress: UN
The current political crisis in Bangladesh is exacting a heavy, human, social and economic toll, seriously threatening the hard-earned economic and social progress that the country has achieved, warns UN with a release form its news centre.
Voicing strong concern over widespread violence in Bangladesh that has left dozens of people dead since last month, Secretary-General Ban Ki-moon called on Prime Minister Sheikh Hasina to resolve differences over upcoming parliamentary elections scheduled for January through dialogue, said the release published here on Wednesday.
Addl security for power plants sought as violence mounting
The ministry of power, energy and mineral resources has requested the home ministry for additional security around the power plants across the country, in view of the worsening political situation.
“We have asked for additional security around the power plants which are not under Key Point Installation (KPI),” said Tapos Kumar Roy, Additional Secretary of the ministry.
“At the same time, the ministry has also asked the power supply entities to build up own security measures from their own resources without fully depending on the government,” Tapos said.
Emerging markets look at ESG issues after RMG blow in Bangladesh
Investors in emerging market companies are looking more closely at environmental, social or governance (ESG) issues before they buy as the Bangladesh factory collapse.
Cajoled by developed world governments and shocked by disasters, almost all emerging fund managers in a survey by UK development finance arm CDC to be published this week consider ESG to be integral to their investment strategy, and in many deals they regard it as a “fact of life”.
It is a sharp contrast to a few years ago, when emerging market investors saw sustainable strategies as an irritant imposed by worthy multilateral lenders, or “the dead hand of eco-fascism”, according to CDC’s ESG director Mark Eckstein.
Once the preserve of religious and ethically minded funds and the development finance arms of major...
SJIBL opens two branches in Dattapara and Gunabati
Shahjalal Islami Bank Ltd (SJIBL) has recently opened its 88th and 89th branches respectively at Dattapara in Laxmipur and at Gunabati in Comilla.
Bank’s Dattapara Branch manager Md. Mazharul Haque, Laxmipur Branch manager Md. Rafiqul Islam, Ramganj Branch manager Belal Hossain, President of Dattapara Bazar Bonik Shamity Md. Taraque Monowar, Dattapara Union Perished Chairman M Billal Hossain, Ramnarayanpur Union Perished...
Bank’s Dattapara Branch manager Md. Mazharul Haque, Laxmipur Branch manager Md. Rafiqul Islam, Ramganj Branch manager Belal Hossain, President of Dattapara Bazar Bonik Shamity Md. Taraque Monowar, Dattapara Union Perished Chairman M Billal Hossain, Ramnarayanpur Union Perished...
