Fitch Ratings has affirmed Bangladesh's Long-Term Foreign- and Local-Currency Issuer Default Ratings at 'BB-'. The Outlooks on the Long-Term IDRs are Stable. The Country Ceiling is affirmed at 'BB-' and the Short-Term Foreign-Currency IDR at 'B'. KEY RATING DRIVERS Bangladesh's rating balances strong foreign-currency earnings and high and stable real GDP growth against significant political risk and weak banking-sector health.
Strong and relatively stable foreign-currency revenue from remittances and garments exports, two main pillars of Bangladesh's economy, support the external balances and overall credit profile. Bangladeshi exports have only been moderately affected by the current global trade slowdown: exports grew 5.9% over the year to January 2016, compared with 9.0% a year ea...
Rajshahi University authorities launched a new bus at the university transport services onTuesday.
Vice chancellor of Rajshahi University Prof Muhammad Mizanuddin inaugurated the bus in front of the university administrative building while Pro-VC Prof Chowdhury Sarwar Jahan and treasure Prof Sayed Uddin Ahmed, among others were present.
Professor Muhammad Mizanuddin said, to mitigate the sufferings of the students, we have launched a new bus.
Now, the university transport service has total 39 buses.
RU Correspondent
International Chamber of Commerce (ICC) – Bangladesh, The world business organization is organizing jointly with The Vietnam Chamber of Commerce & Industry (VCCI) a workshop on “International Trade Finance, ADR, Logistics and Business Development” in Vietnam on 21-23 April 2016 for Bankers from Bangladeshi banks. Around 88 bankers from 21 Banks including Bangladesh Bank and 20 commercial banks and also from Energy Ministry, Petro Bangla, NBR, Bangladesh Navy & Law Firm, some 80 bankers and businesses of Vietnam will be participating at the workshop together with Bangladeshi bankers.
The main objective of the Workshop is to allow the Bangladeshi bankers to interact with their counterparts in Vietnam and to under...
Robi has embarked on a massive project to enable internet access using WiFi hotspots across Bangladesh. Over the next 6 months, the company is to provide high-speed WiFi service in 500 top restaurants, cafes and retail outlets; 100 educational institutions; 10 public places (airports and railway stations) and over 350 buses, taxis and trains.
Robi subscribers who have purchased a mobile internet pack of at least 1 GB would be eligible
to receive free...
The Board of Directors of Islami Bank Bangladesh Limited recommended 20% cash dividend for the shareholders for the year 2015 subject to approval of the 33
rd Annual General Meeting of the Bank. The decision came from a meeting of the board held at Islami Bank Tower on April 19, 2016 Tuesday with its Chairman Engr. Mustafa Anwar in the chair. Directors of the Board and Mohammad Abdul Mannan, Managing Director of the Bank attended the meeting.
The meeting approved the Profit & Loss Account and Balance Sheet for the year 2015 ended on
A training course on ‘Foundation Training for Senior Officers & Officers’ was held recently under the auspices of Pubali Bank Training Institute. Safiul Alam Khan Chowdhury, Additional Managing Director of Pubali Bank Ltd. graced the occasion as Chief Guest on the certificate awarding ceremony. Niranjan Chandra
Niranjan Chandra Gope, Principal of Pubali Bank Training Institute, presided over the function while Khondaker Mahboob-E-Rabbani, DGM & Faculty Member was also present on the occasion.
In h...
