Islami Bank Bangladesh Limited (IBBL) is the largest and most profitable bank, and by all accounts one of the best-performing companies in Bangladesh, according to the prestigious Forbes magazine.
The US-based business magazine has also found that the Islami Bank has tapped into what is called the country’s “Two Rs” approach: ready-made garments and remittances from workers abroad.
Helping with industrialisation in a labour-intensive sector has generated employment even as
millions of migrant workers send wag...
Robi Axiata Limited (“Robi”), announces the appointment of its new Chief Executive Officer (CEO), as part of its ongoing efforts towards developing and promoting talents from within. Accordingly, Mr Mahtab Uddin Ahmed will be taking over as the Chief Executive Officer (CEO) and Managing Director of Robi, in Bangladesh replacing Mr. Supun Weerasinghe to be effective from 01 November 2016. Going forward post succession, Mr. Supun Weerasinghe will return to Dialog Axiata Plc (Dialog), Sri Lanka’s premier connectivity provider as the successor to the incumbent Group CEO, Dr Hans Wijayasuriya to be effective from 01 January 2017.
Mr Mahtab, currently seconded to Axiata Group for a special assignment will return to Robi’s Leadership team from 01 September 2016 in the capacity of the Deputy...
A meeting between Bangladesh central bank officials and the New York Federal Reserve scheduled for this week to speed up efforts to recover $81 million stolen from Bangladesh Bank’s account at the Fed has been postponed, officials in Dhaka said.
A four-member Bangladesh Bank team headed by deputy governor Mohammad Razee Hassan, who also heads its financial intelligence unit, was to meet Fed officials in New York on July 15.
“We are in talks with the Fed and hoping that the meeting will take place anytime at the end of this month ...
A potentially giant earthquake may be building up beneath Bangladesh and eastern India and could endanger as many as 140 million people, a study said on Monday.
The earthquake is not imminent but inevitable as sections of the earth’s crust press against one another, according to the study published in the journal Nature Geoscience.
No estimate on when such a quake may occur is possible without additional research, the
study’s lead author Michael Steckler, a geophysicist at Columbia University in New York, ...
Recently Meghna Bank Limited has signed an Agreement with Best Electronics in Dhaka. Syed Asaduzzaman, Managing Director of Best Electronics Ltd is handing over the Agreement to Mr. Mohammad Imdadul Islam, SEVP & Head of Retail, SME & Other Finance Division of Meghna Bank.
Under this agreement Meghna Bank Card holders can avail 5% Discount on all types of Products at BEST ELECTRONIC...
An Asia-Pacific money laundering group has moved its meeting out of Bangladesh citing security concerns, officials said on Monday, 10 days after militants stormed a cafe in an upscale part of the capital and killed 20 people, mostly foreigners.
Some 350 foreign delegates had been expected in Dhaka to attend the July 24-28 annual meeting of The Asia Pacific Group on Money Laundering that seeks to pool efforts to fight illegal money transfers and terrorist financing.
The group said in a statement on its website that the meeting will now be held in September in the United States. The exact location will be decided later. It gave no reason.
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