State-owned Agrani Bank is reducing its high-cost deposits to minimise the burden of liabilities in the wake of a fall in profitability in the entire banking sector due to the existing investment slowdown. Agrani Bank’s outstanding deposit soared to Tk 35162.07 crore in September this year from Tk 33429.89 crore in the same period last year, according to data available from Bangladesh Bank (BB). On the other hand, loans and advances at the state-run bank stood at only Tk 22337.97 crore in this September, reports the Daily Sun. Do...

Alepo, a leading provider of network and IT software solutions for global communications service providers, has signed an agreement with QUBEE, one of Bangladesh’s leading wireless broadband provider for a new business support system (BSS) that will enable the 4G broadband provider to deliver more advanced services to its mobile broadband customers. Alepo’s expansion to Bangladesh builds on its extensive presence in the country and the region where Alepo has been working with multiple service providers. In addition to this recent contract which will se...

Robi Axiata Limited, one of the leading mobile phone operators of the country has launched electricity bill payment service facility for Power Development Board (PDB) at Rajshahi. Robi believes that this will facilitate a reliable and convenient mechanism for the clients of PDB to pay their monthly electricity bills. Robi’s system for mobile payment of electricity bills will be integrated with the PDB’s electricity billing system. Hence, electricity bills paid through Robi’s electricity bill payment system will be updated on PDB’s bil...

ICAB President Showkat Hossain FCA, Past Presidents and Council Members pose for photograph after the Advisory Committee meeting held at the Institute's Council Hall, CA Bhaban on 29 October 2014. The meeting discussed and reviewed the progress of the Institute. They also discussed about the challenges and opportunities of CA profession in coming days.

Oil and gas giant Chevron is trying to take its experiences in the private sector and apply them to international development. It has implemented programs in Angola, Nigeria, Kazakhstan and now Bangladesh. The company committed $10 million to its five-year Bangladesh Partnership Initiative (BPI), in September. Its aim is to “promote economic stability, job creation and accelerate sustainable growth in local communities where Chevron operates.” A year prior Chevron finalized a deal to provide roughly $130 m...