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Five-day ultimatum to end political crisis, threaten businesses

Country’s key business leaders have threatened the political parties a tougher movement if the ongoing political impasse will not be solved within the next five days. “If the political parties can’t reach a consensus within the next five days to solve the current political deadlock, the businesspeople and workers will be forced to take to the streets,” said M Atiqul Islam, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA). He made the remarks in a human chain arranged by BGMEA along with the leaders of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and Dhaka Chamber of Commerce and Industries (DCCI) in front...

Bank credit to rickshaw-pullers, betel-nut traders planned

Bangladesh Bank (BB) has decided to use a part of its Tk 200 crore refinancing scheme formed to provide credit to ‘Tk 10’ account holders. Rickshaw-pullers, betel-nut and bidi traders, tea-stall owners, cobblers or hawkers will have access to this credit, thanks to the central bank’s financial inclusion initiative. “The rate of interest will be at 6 percent and an individual will be able to take maximum Tk 40,000 as loan” , said a senior officer of the central bank .  A playful child on a rickshaw

New 22 border ‘haats’ proposed at Meghalaya border

To create economic opportunities for the people living along the Bangladesh –India border in Meghalaya, the Indian authority is keen to set up 22 more border ‘haats’ (markets). Meghalaya Chief Minister Mukul Sangma said, we have sought for the establishment of 22 new border haats along the international border which would not only create economic opportunities, but would also cement bonds between the people living along the borders. Meghalaya already has two border haats - one at Kalaichar in Meghalaya’s West Garo Hills district and Baliamari of Bangladesh’s Kurigram district, and another in Balat (in East Khasi Hills district) and Lauwaghar (Dalora) in Bangladesh’s Sunamganj district.

IBBL distributes relief in Dhunot area

The Bogra Zone of Islami Bank Bangladesh Ltd (IBBL) has recently distributed relief materials among the flood affected poor people of Dhunot area. DhunatMd. Nazimuddin, General Manager of Bangladesh Bank, Md. Mosharrof Hossain, EVP and Head of IBBL Bogra Zone, Md. Mobarrok Hossain, Officer-in-Charge, Dhunot Thana, Md. Shahzahan, VP, IBBL, Md. Nazrul Islam, Head Master, Dhunot Ideal School were present on the occasion.

Over alert in commercial banks hampers credit flow to pvt sector

The much needed credit flow for the private sector is very low and depressing due to  over cautious steps taken by the commercial banks, said ICCB President Mahbubur Rahman while inaugurating the ICC workshop on ‘Credit Risk Management & Trade Finance’ organized by International Chamber of Commerce (ICC) - Bangladesh, the world business organization at a local hotel in the city on Saturday (07-12-2013). ICCB President said, a number of state-owned and private commercial banks are faced with huge loan default due to fraudulence practices by some officials of few commercial banks (both public and private) in connivance with some ill-motivated unscrupulous clients. ‘More than Tk.4,000 crore have been siphoned out from two s...

AIBL EC Meeting held

The 418th meeting of the Executive Committee of the Board of Directors of 20131207_aibl_EC_pressAl-Arafah Islami Bank Ltd (AIBL) was held at the Board Room of the bank Saturday. Abdus Samad, Chairman of the Committee presided over the meeting. The meeting reviewed overall business performance of the bank, says a press release. Vice Chairman of the Committee Abdul Malek Mollah, Members of the Committee Hafez Md. Enayet Ullah, Ahamedul Haque, Engr. Kh. Mesbah...
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