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Edison Group’s annual conference held

Recently, the number one smartphone brand Symphony’s parent group Edison’s Annual Conference 2016 was held at Cox’s Bazar. Chairman of EDISON Group Mr. Aminur Rashid, and Managing Director Mr. Jakaria Shahid, inaugurated the conference. [caption id="attachment_25725" align="alignleft" width="540"]Final Chairman of Edison Group, Mr. Aminur Rashid delivery his Precious speech in the Conference.[/caption] Speaking on the occasion, Mr. Aminur Rashid highlighted that the business targets have been achieved successfully in 2016. According...

Export earnings to exceed $ 60b in 2021: Commerce Minister

Four-day long 3 international sourcing trade shows on RMG industry with participation of around 400 companies from more than 24 countries began yesterday (18 January, 2017, Wednesday) at International Convention City, Bashundhara (ICCB) in a bid to making apparel industry more developed. Tofail Ahmed, M.P., Hon’ble Minister for Commerce, Govt. of People’s Republic of Bangladesh inaugurated the three international events as the chief guest. Annisul Huq, Mayor, Dhaka North City Corporation (DNCC) were also present at the event as the Special Guest. In the inaugural ceremony Tofail Ahmed said, Export earning was US$ 14 billion when the

Training on ‘Prevention of Money Laundering’ at Bank Asia

Bank Asia recently organized a day-long training program on “Prevention of Money Laundering and Combating Financing on Terrorism” for the executives and officers all commercial banks operating in Narayangonj District. Mr. IMG_9578-editMr. Mr. Deboprashad Debnath, Chief Guest and General Manager & Operational Head of BFIU and Mr. Md. Sazzad Hossain, Special Guest & Senior Executive Vice President and Mr. Md. Murshid-Al-Amin, SVP & Head of AMLD of Bank Asia; Mr. Kamal Hossain and Mr. Mohammed Mahbub Ala...

Wärtsilä to supply 150 MW power plant to BD

Wärtsilä will supply a 150 MW Smart Power Generation plant to Ace Alliance Power Limited, a special purpose company owned by the Summit Group of Companies in Bangladesh. The order comprises eight Wärtsilä 50 and one Wärtsilä 32 engines. The contract includes the engineering and equipment (EEQ) with additional advisory services for the plant's installation, testing and commissioning, as well as on-site staff training. The equipment is scheduled to be delivered during the second half of 2017, and the plant is scheduled to be operational in early 2018. The order is booked in the first quarter of 2017. Both the population and economy are growing in Bangladesh, and a need for additional reliable power generation is evident. The new power plant will be built in Kodda in the Gazipur distric...

Bangladesh ranks 36th in inclusive development index

World Economic Forum’s Inclusive Growth and Development Report 2017 said that India, with a score of only 3.38, ranks 60th among the 79 developing economies on the IDI (inclusive development index), despite the fact that its growth in GDP per capita is among the top 10 and labour productivity growth has been strong. China is placed 15th; Nepal is 27th, Bangladesh 36th while Pakistan is at 52nd place on the index. The report said that poverty has also been falling, albeit from a high level. On the other hand,

Fitch affirms Bangladesh at ‘BB-‘; Outlook stable

Fitch Ratings has affirmed Bangladesh's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BB-'. The Outlooks on the Long-Term IDRs are Stable. The Country Ceiling has been affirmed at 'BB-' and the Short-Term Foreign- and Local-Currency IDRs at 'B'. KEY RATING DRIVERS Bangladesh's ratings balance strong foreign-currency earnings and high and stable real GDP growth against weak structural indicators, significant political risk and weak banking-sector health. Bangladesh's external finances are supported by comfortable and gradually rising foreign-exchange reserves, amounting to USD32.1bn in December 2016 (7.9 months of current external payments, compared with 4.4 months f...
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