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SJIBL signs deal with SSL Wireless

In order to introduce “SMS Alert Banking Service” for Shahjalal Islami Bank’s Clients, an agreement has been signed between Shahjalal Islami Bank Limited and SSL Wireless on 1st February 2016 at Bank’s Head Office. Under this agreement the Clients of Shahjalal Islami Bank Limited will get transaction related information by using mobile phones. The SMS Banking Service will enhance Shahjalal Islami Agreement with SSL Wireless JPG-2Bank’s image and service towards the customer...

Sumitomo gets order for aviation security equipment

Sumitomo Corporation (head office: Chuo-ku, Tokyo; President and CEO: Kuniharu Nakamura), together with NEC Corporation (‘NEC’; head office: Minato-ku, Tokyo; President: Nobuhiro Endo), NEC Networks & System Integration Corporation (‘NEC Networks & SI’; head office: Bunkyo-ku, Tokyo; President: Masao Wada), Morita Corporation (‘Morita’; head office: Sanda, Hyogo Prefecture; President and Representative Director: Kazumi Ogata), and SANWA COMSYS Engineering Corporation (‘SANWA COMSYS Engineering’; head office: Suginami-ku, Tokyo; biman-300

Clarke Energy to supply GE’s diesel engines for Walton

Walton Group has selected Clarke Energy to supply three of GE’s new 616 diesel engines to generate on-site power at Walton Group’s factory in Gazipur, Bangladesh. The three 2.5-megawatt (MW) engines are the first 616 diesel engines to be deployed in Bangladesh. Clarke Energy is GE’s authorized multi gas and diesel engine distributor in Bangladesh. The three diesel engines are expected to provide more reliable power to support factory production in the face of local power grid instability. The diesel units also will deliver walton

FX reserves slip from record high

Bangladesh's foreign exchange reserves edged down to nearly $27.14 billion by January-end from a record high of $27.49 billion in the previous month, but were up 23 percent from a year earlier, the central bank said on Monday. A senior central bank official attributed the drop in January to a rise in imports; the reserves forexare enough to cover more than seven months of imports. Garment exports and remittances from Bangladeshis working overseas - two mainstay revenue generators - have helped foreign exchange reserves grow s...

Business Festival begins at SUST

A two day long ‘Business festival-2016’ has began  at Shahjalal University of Science and Technology (SUST) campus yesterday(Sunday). Department of Business Administration was arranged the festival with the slogan of ‘let’s learn outside campus’. A colorful procession was brought out in the campus yesterday in this connection at the first sustday of the program.  Later, some outdoor and indoor game competition was held in the campus as a part of the events. Head of the department Professor Dr Nazrul Islam, Convener of the festi...

BIAC discusses with banks

BIAC held discussions with several banks in the past two weeks, namely Standard Chartered Bank, AB Bank Limited, Eastern Bank Limited (EBL), International Finance Investment and Commercial Bank (IFIC). In the discussion, BIAC explained need and use of alternative dispute resolution (ADR) in the financial sector. Following the meeting, prospective co-operation between the banks and BIAC was conversed to avail of BIAC’s ADR services. Default loans are an unfortunate but a common scenario in the banking industry. Financial institutions require efficient and effective means of resolving such disputes that will allow
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