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Bank Asia scholarship program in Tongi

As a part of its corporate social responsibility, Bank Asia has provided higher studies scholarship to 10 insolvent meritorious students of Savar in Dhaka and Tongi, Konabari and Hemayetpur Upazila of Gazipur district on Saturday (26 March, 2016). Mrs. Humaira Azam, Deputy Managing Director of the Bank handed over the scholarship Scholarship-Tongi-2016money to the students at a function held in Tongi. Mr. Sazzad Hossain, Senior Executive Vice President of the Bank, Mr. Omar Hayat, Head of Savar ...

PBL shifts its Kashimpur Branch

Pubali Bank Limited (PBL) has recently shifted its Kashimpur Branch, Gazipur to new premises with a view to providing best & modern banking services to its valued customers. Md. Abdul Halim Chowdhury, Managing Director of Pubali Bank Ltd. was present as Chief Guest at the inaugural ceremony. Mohammad Ali, Deputy Managing Director & Chief Technical Officer of the Bank was present as Special Guest. Md. Humayan Kabir, General Manager and Branch Shift Kashimpur DhakaRegional Hea...

2nd Crimson Cup Coffee House opens in city

Columbus, Ohio coffee roaster Crimson Cup Coffee & Tea has opened a second international coffee shop in Dhaka, Bangladesh, less than a year after its first shop opened in Dhaka’s Banani neighborhood. The new Crimson Cup Coffee House is located at House #275/d, Road 27, in the Dhanmondi neighborhood. “We’re excited to open the second Crimson Cup Coffee House in Dhaka,” said Founder and President Greg Ubert. “The managing directors, managing partners and investors have created an inviting space for Dhanmondi residents to enjoy handcrafted espressos, café mochas, lattes and other handcrafted coffee drinks.” Crimson Cup Bangladesh is a joint project of Managing Directors Mohaimin Mostafa and

Marubeni to construct 400MW power plant for BPDB

Marubeni Corporation ('Marubeni') is to construct the 400MW Bibiyana-III Gas Based Combined Cycle Power Plant, for which the Japan Bank for International Cooperation signed a loan agreement in buyer's credit (export loan) on February 29, 2016, with the Bangladesh Power Development Board ('BPDB'), a national power development company in Bangladesh. The Bank of Tokyo-Mitsubishi UFJ, Ltd. ('BTMU') is a co-financer and the total loan amount is approximately JPY 30.8 billion. Nippon Export and Investment Insurance will provide insurance for the portion co-financed by BTMU. The construction contract was originally received by Marubeni and Korea's Hyundai Engineering & Construction in December 2012 but later changed to a contract between

Forex reserves hit record $ 28bn

Bangladesh's foreign exchange reserves hit a record $28.06 billion at the end of February, the central bank said on Tuesday, fuelled by steady exports and lower import costs due to falling global commodities prices. forexx The reserves, sufficient to cover seven months' worth of imports, are nearly 22 percent higher than during the same period last year. Rising garment exports and steady remittances from Bangladesh nationals working overseas, two mainstay revenue generators for the country of 160 million people, have helpe...

IFRC commends BD leadership championing disaster resilience

The Secretary General of the International Federation of Red Cross and Red Crescent Societies, Elhadj As Sy, has commended the success and leadership of Bangladesh in successfully reducing the human and financial impact of natural disasters and for establishing the country as a world reference in disaster resilience. Since the catastrophic Bhola Cyclone of 1970, a disaster that claimed an estimated 500,000 lives, the joint Government of Bangladesh/Bangladesh Red Crescent Society Cyclone Preparedness Programme has prevented tens of thousands of deaths and enabled communities to withstand shocks and respond effectively to extreme meteorological events. Speaking at the end of an official visit to Dhaka, Mr Sy said: “Bangladesh has demonstrated that hazards do not need to become disas...
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