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PBL signs MoU with BRAC Services

A Memorandum of Understanding (MoU) between Pubali Bank Limited and BRAC Services Ltd. has been signed recently at bank’s Head Office. Md. Abdul Halim Chowdhury, Managing Director & CEO; Safiul Alam Khan Chowdhury, Additional Managing Director and Mohammad Ali, Deputy Managing Director of Pubali Bank Ltd. and Khondoker Asaduzzaman, Group General Manager of BRAC Services Ltd. were present at the MoU signing ceremony. MoU with BRAC ServicesAshim Kumar Roy, DGM & Head of Cards of Pubali Ban...

AIBL donates for cancer, diabetes treatment

Al-Arafah Islami Bank Ltd (AIBL) has donated 10 (ten) lakh taka to General and Cancer Hospital Research Foundation & Diabetes Centre to construct the new hospital near Dhaka-Chittagong Highway under its Corporate Social Responsibility (CSR). 20180417 - AIBL CSR Press ReleaseChairman of the Bank Alhajj Abdus Samad Labu handed over the sponsorship cheque to Founder and Managing Director of the hospital Dr. Abdur Rahman on 17 April 2018 at Al-Arafah Tower, Dhaka. Director of t...

Accused raping, killing Kashmir girl plead not guilty

Eight men accused of raping and murdering an eight-year-old girl pleaded not guilty Monday to the horrific crime that has sparked revulsion and brought thousands to India’s streets in protest. Four police and a Hindu temple custodian are among those accused of gang raping and killing a Muslim girl from a poor tribe in Jammu and Kashmir state where the highly-charged case has stoked long-simmering religious tensions. The accused men appeared in court in the city of Kathua on Monday for the first time since being arrested in February for the girl’s murder.

Bangladesh, UN blast Myanmar ‘propaganda’ on Rohingya

Bangladesh and the United Nations refugee agency on Sunday disputed Myanmar’s claim it had repatriated five members of a Rohingya family, saying neither the government of Bangladesh nor the aid agency had any involvement in any such repatriation. Abul Kalam, the Bangladeshi government’s Refugee Relief and Repatriation Commissioner, said a family of five who were in the Konarpara area in no man’s land between the two countries, rohinga womanhad reentered Myanmar territory and had been taken to the reception center...

Nepal to sign energy pact with Bangladesh

The Ministry of Energy, Water Resources and Irrigation of Nepal is preparing to sign a memorandum of understanding (MoU) with Bangladesh to strengthen energy cooperation between the two countries. Nepal and Bangladesh have been talking on bilateral energy cooperation since the power trade agreement (PTA) was signed with India in 2014. Nepal has identified Bangladesh as a prospective market for hydroelectricity, which is a clean and renewable source of energy. Following the SAARC member states agreement on ‘SAARC Framework Agreement for Energy bd-nepal

Fast fashion industry at risk from bank trouble

Fast fashion is at risk of hitting a speed bump if a looming crisis sweeps through Bangladesh’s banking sector. Financial institutions in the south Asian nation face a credit crunch following mass deposit withdrawals in March and soaring levels of non-performing loans. Analysts and investors fear a full-blown crisis could spill over into Bangladesh’s strongest link to the global economy — the production of textiles and ready-made garments for fast fashion brands and retailers such as H&M, American Eagle Outfitters, Zara, Walmart and Target. “Although the loan book composition across commercial banks in Bangladesh tends to vary
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