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SJIBL inks MoU with Long Beach Hotel

A Memorandum of Understanding (MOU) was signed between Shahjalal Islami Bank Limited (SJIBL) and LONG BEACH HOTEL LTD (14 Kalatoli Road, Hotel Motel Zone, Cox’s Bazar) at Bank’s Head office recently. Hotel Agreement jpgUnder the Memorandum of Understanding, all employees and Debit Card Holders of Shahjalal Islami Bank Limited (SJIBL) will get 30%- 40% Discount on Room Rent. Mr. M. Mushfiqur Rahman, Senior Executive Vice President of Shahjalal Islami Bank Limited and Mr. Sharif Sadi, Head of Sales & Marketing of LONG BEACH ...

Income disparity despite economic success

Bangladesh has made great strides in expanding economic growth, extending life expectancy and cutting extreme poverty and illiteracy, yet experts warn that income disparity remains a key problem requiring urgent attention. For a first-time visitor to Dhaka, it’s hard to escape the sight of shiny imported cars jockeying for space with buses, trucks, three wheelers and other vehicles that clog the streets of the Bangladeshi capital. [caption id="attachment_19244" align="alignright" width="622"]farmers Bangladeshi farmers harvest rice on the outskirts of Dhaka, Ma...

Meghna Bank inaugurates branch in Ctg

The 17th branch of Meghna Bank Limited was inaugurated on August 25, 2015 at Jubilee Road, Chittagong. For AddManaging Director & CEO of the Bank Mr. Mohammed Nurul Amin presided over the inaugurating ceremony. Chairman of the Bank Mr. H.N. Ashequr Rahman, MP attended the function as chief guest while Mr. Abdul Alim Khan Salim, Vice Chairman of the Bank attended as special guest. Other honorable Directors of the Bank and Mr. Mustafizur Rahaman Chowdhury MP, Chittagong-16 were present on the occasion.    

Motorists in Asia replace cars twice more than in US

The average age of a vehicle in the US has gradually risen to 11.5 years, partially due to the increasing quality of vehicles, but also because of the recession, according to a recent IHS automotive study. This turns out not to be a benchmark for the rest of the world. Carmudi.com, the easiest means to sell or buy your car online, analyzed hundreds of thousands of vehicle listings in the last quarter to determine the average age of vehicles in Carmudi regions. The results varied wildly. The average age of a vehicle listed in the Middle East is 5.1 years, 6.5 years in Asia, and a staggering 12.8 in Africa.

RMB instead of US$ advised for Sino-BD trade transaction

Bankers from Bangladesh and China suggested introduction of transaction in RMB (Chinese Yuan) instead of US Dollar for International Trade between the two countries. This will help in reducing cost of production and price volatility due to changing exchange rates of US Dollar between Bangladesh and Chinese currencies. It will also save additional costs as this will involve two currencies instead of three. This was suggested by the participants during a day-long Seminar on Bangladesh China Trade Finance : Role of Banks in Kunming, China last Friday ( 21 August). A total 45 senior

Mahindra Comviva wins BD mTicketing service

Mahindra Comviva , the global leader in providing mobility and financial solutions, today announced that it has received top honors at the prestigious Future Digital Awards 2015 organised by Juniper Research . Its mTicketing service for Bangladesh Railways has been declared winner in the ‘Digital Ticketing’ category. The company was also highly commended in the ‘Contactless Payment’ category for Airtel Money Tanzania NFC Payments. logo_comvivaBangladesh Railways is the largest provider of mass transit services in Bangladesh, serving over 60...
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