Bangladesh Bank (BB) said on Tuesday that from now on scheduled banks and non-bank financial institutions would be able to disburse loans from a Tk 600-crore BB fund to the micro and small enterprises dedicated to publishing knowledge-based and creative books and their marketing.
The BB issued a circular to managing directors and chief executive officers of all banks and NBFIs saying that the publishers would be able to receive loans with an interest rate of 10 per cent from the banks and the NBFIs under the BB refinance fund.
The banks and the N...
A local company namely Arrow Jeans (Pvt) Ltd (Unit-1) is going to set up a readymade garments industry in Chittagong EPZ. This company will invest $ 8 million for setting up their plant with annual production capacity of 3 million dozens of Casual Jeans, Trouser, Dress Pants, Skirt, Shorts, Jacket, Vest, Ladies Blouse, Blazer & Jump Suits.
Arrow Jeans will create employment opportunity for 1804 Bangladeshi nationals, says a press release.
An agreement to this effect has signed between Bangladesh Export Processing Zones Aut...
“Financial Inclusion is a built-in concept of Islamic Finance and Bangladesh has become a role model of financial inclusion for the Islamic financial world”, said, Mohammad Abdul Mannan, Managing Director of Islami Bank Bangladesh Ltd (IBBL) while addressing the First ever ADB conference on Islamic Finance for Asia held at the ADB Headquarters, Philippines on 4-5 November 2013.
Organized jointly by Asian Development Bank (ADB) and Islamic Financial Services Board (IFSB), the conference was attended among others by President of ADB,Takehiko Nakao; Jashim Ahmed, Secretary General of IFSB; Rajat M. Nag, Managing Director General, Asian Development Bank; Bruce Davis and Stephen P. Groff, Vice Presidents of ADB; Dr Ishrat husain, ex-chairman of IFSB and ex-Governor of State Bank of Pakis...
