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PBL inks correspondent banking deal with HSBC

Pubali Bank Ltd (PBL)  signed Correspondent Banking Agreement with HSBC Bank Ltd. for Cash Management at bank’s Head Office today. Md. Abdul Halim Chowdhury, Managing Director & CEO; Safiul Alam Khan Chowdhury, Additional Managing Director; Mohammad Ali and Akhtar Hamid Khan- Deputy Managing Directors of Pubali Bank Ltd. were present at the signing ceremony. On behalf of HSBC Bank Ltd., Tony Menzies, Chief Operating Officer; Riaz A Choudhury, Country MoU with HSBCHead of Corporate, Commercial Banking; Jishan ...

AMTOB decries new tax in the proposed budget

AMTOB, the association of mobile operators in Bangladesh, expressed its dissatisfaction regarding the proposed national budget of FY 2017-18 in a written statement/press conference today. AMTOB complained that while Telecom Industry is contributing around 6% of GDP with potential to grow up to 8% in near future, the proposals placed by the industry before the budget, have not been reflected in the budget speech. The budget seems to add more pain to general customers without giving any benefit. The industry body termed the additional tax imposed on the import of mobile handsets especially smartphones ‘untimely’ as the local handset manufacturing industry is not yet ready <...

CSE 30 Index revised

The CSE 30 Index has been revised on the basis of performance of the CSE listed companies. The new index will be effective from 15 June 2017. CSE 30 Index is reviewed twice in a year. The new companies which have been included are Active Fine Chemicals Limited, Agricultural Marketing Co. Ltd., Aramit Limited, Bata Shoe Company (BD) Ltd., BRAC Bank Limited, Linde cseBangladesh Limited, Olympic Industries Limited and Uttara Finance & Investment Limited. On the other hand, AB Bank Limited, Apex Foods Limited, Navana CNG Limited, Pu...

A job or lifestyle

An off-duty staff nurse of Farrer Park Hospital, Singapore (FPH) saved a stroke victim from road. Staff Nurse (SN) Steve Mocsoy had just finished his shift on 22nd May, Monday evening and was on his way home when he noticed a car had hit the railings along the road and a lady was trying to revive the driver. He knew the man required medical assistance and quickly called the hospital to activate Code Pink. He called back to Farrer Park Hospital and activated Code Pink. (A message announced over a hospital’s public address system warning the staff). In just five minutes, the emergency staff were at the scene of the accident, treating the stroke

6.8pc growth in 2017: World Bank

Bangladesh’s growth in 2017 will be 6.8 percent, the World Bank has said in a report. The global lender, in its report Global Economic Prospect released Sunday, attributed the decline in growth to sliding remittance and shrink in internal demand and industrial production. Finance Minister AMA Muhith has projected for a GDP growth of 7.4 percent for the fiscal wb2017-18 in the budget he proposed. However, he himself said it was an ambitious budget. Last year, the growth target of overcoming the “6 percent growth trap” was overcome as...

Hindu Bangladeshis illegally entering Assam since 1971

At a time when various organisations are protesting against the settlement of Hindu migrants from Bangladesh in Assam under the Citizenship Act, the Centre has declared that Hindu migrants have been entering the state even after March 25, 1971. According to a written statement by the Center, Hindu Bangladeshis have been illegally india-bangladesh-flag_0entering the state since March 25, 1971. It is a proof that the Center has vowed to shelter the religious migrants from Bangladesh even by amen...
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