A signing ceremony of Syndicated Term Loan of BDT 700.00 Million has been executed at a local hotel on 1 April 2014 between Golden Harvest Ice cream Limited and five banks and financial institutions where United Commercial Bank Limited (UCB) acted as Lead Arranger.

The signing was conducted for setting up a Premium Ice Cream Plant at Gazipur by Golden Harvest Ice cream Limi...

 South Korean trading firm Daewoo International offered to sell 50,000 tonnes of wheat to Bangladesh for $325.45 a tonne, the lowest offer in a tender that opened on Thursday, an official at the state grains buyer said. The price included freight, insurance and other expenses. Six trading companies competed for the tender that was issued last month in an effort to boost government reserves, now at five-year lows. The proposed imports are part of a plan by the Directorate ...

Robi Smartphone and Tab Expo-2014 started on Thursday (03 April, 2014) at Bangabandhu International Conference Centre (BICC). Mr. Zunaid Ahmed Palak, State Minister for Ministry of Posts, Telecommunications and Information Technology inaugurated the fair as chief guest. Mr. Md. Nazrul Islam Khan, Secretary, Information and Communication Technology Division, Mr. Khaledur Rahman Dewan, Executive Vice President, Robi Axiata Limi...

Unity Trust Bank, a specialist bank for the social economy, has provided Bangla Housing Association with a £4.8m loan to support their purchase of 70 properties in Hackney, East London. A specialist housing association that provides good quality, affordable homes and support services for Bengali and Black and Minority Ethnic (BME) communities across North East London. Bangla has been managing these properties for over 15 years on behalf of other registered providers. Bangla now owns and manages the properties which m...

United Commercial Bank Limited (UCB) handed over a donation cheque for Taka 25,00,000/- (Taka Twenty Five Lac only) to ‘Proyash’, a school for especially abled Children operated by 9th Infantry Division, Savar Cantonment on Wednesday. Mr. Md. Jahangir Alam Khan, honourable director of UCB handed over the check to Begum Farzana Nigar, patron of Proyash Savar Area. Among others, honourable Director of UCB Mr. Md. Tanvir Khan, honourable Additional Managing Director of UCB Mr. Mirza Mahmud Rafiq...

Cash Waqf is the latest product in our banking sector particularly in Islamic economics and finance and it provides a unique opportunity for making investment in different religious, educational and social services. Islami Bank Bangladesh Limited (IBBL) has introduced `Mudaraba Waqf Cash Deposit Account MWCDA with aim in helping the destitute and hapless people of the society. Waqf, a perpetual endowment, by the well-off and the rich people of the society and the income generated from waqf may be spent for different benevolent purposes.