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Mobile phone use to get costlier

Mobile phone use cost will increase in the next fiscal as Finance Minister AMA Muhith proposed to hike the duty on SIM card-related services to 5 percent. Currently, there is a 3 percent supplementary duty on all kinds of mobile service use. In his proposed budget, Muhith set a 5 percent duty. Mobile phone operators feared this will badly impact their earnings and network expansion mobiledeviceplan. “No doubt after implementing this tax users will reduce their uses,” said a top official of a leading mobile phone...

IBBL approves 20pc cash dividend

Islami Bank Bangladesh Limited (IBBL) has approved 20% cash dividend for the shareholders for the year 2015. The dividend was approved in the 33rd Annual General Meeting of the Bank held on  Thursday at Bangabandhu International Conference Centre in the capital. The meeting approved the balance sheet ended at 31st December 2015, Profit and Loss Account and Reports of the Directors and Auditors of the Bank. Engr. Mustafa Anwar, chairman of the bank presided over the meeting. Mohammad Abdul Mannan, Managing Director & CEO and Sheikh Moulana Mohammad Qutubuddin, Chairman of the Shari`ah Supervisory

TK 1.10 lakh crore allocation for ADP in FY17

The proposed National Budget for the fiscal 2016-17 has set an Annual Development Programme (ADP) with the original outlay of Taka 1,10,700 crore aiming to ensure a balanced development and higher growth. In the new ADP, transport, education, power, rural development, health, and water sector have been given highest priority, reports BSS. However, incorporation of Taka 12,645.80 crore of own financing projects from the corporations and autonomous organizations has inflated the ADP outlay to Taka 1,23,345.80 crore. “Like previous years, we have estimated the ADP allocations while giving priority to ensuring regional parity, developing human resources and infrastructure and securing quality of

Inter-Univ debate contest at RU on Friday

Inter university debating contest titled “Bisk club-BFDF National Debate fest-2016” will held at Rajshahi University which is arranged by Business studies Faculty Debating Forum (BFDF). IMG_3547BFBF has organized the debate contest for the forth times where 32 teams from public and private Universities across the country are expected to participate. Rajshahi Law Maker Fazle Hasan Badshah will inaugurate the inaugural programme at RU dean’s complex and RU vice chancellor Prof Chowdhury Sarwar Jahan will present as specia...

TransFast, USA inks remittance deal with AIBL

A remittance agreement has been signed between AL-Arafah Islami Bank Limited & TRANSFAST Remittance LLC, USA, a leading Global Money Transfer Company, on 1 June, 2016. Managing Director of the Bank Md. Habibur Rahman was present as chief guest in the signing ceremony while Director Alhajj Abdul Malek Mollah was present as Special Guest. 20160601_AIBL_HAAB_PressDeputy Managing Director of the Bank Md. Abdul Jalil and Country Head of TransFast Remmitance Mohammad Khairuzzaman exchanged the ag...
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