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Economy

Fitch affirms Bangladesh at ‘BB-‘; Outlook stable

Fitch Ratings has affirmed Bangladesh's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BB-'. The Outlooks on the Long-Term IDRs are Stable. The Country Ceiling has been affirmed at 'BB-' and the Short-Term Foreign- and Local-Currency IDRs at 'B'. KEY RATING DRIVERS Bangladesh's ratings balance strong foreign-currency earnings and high and stable real GDP growth against weak structural indicators, significant political risk and weak banking-sector health. Bangladesh's external finances are supported by comfortable and gradually rising foreign-exchange reserves, amounting to USD32.1bn in December 2016 (7.9 months of current external payments, compared with 4.4 months f...

NBR holds partnership dialogue with CAB

National Board of Revenue (NBR) has arranged a partnership dialogue with consumer’s association of Bangladesh (CAB), Intellectual Property Association of Bangladesh (IPAB), Joint Stock Company, Bangladesh Bank & BASIS with a view to protect revenue and ensure consumer rights. The dialogue has taken place in NBR conference room at the capital city Dhaka. Mr. Nojibur Rahman- chairman, NBR – Presided over the meeting where the high- officials of the government and representatives of the aforesaid parties were present. In this occasion, Mr. IPAB-Photo...
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Nordic Chamber, DI signs MoU on economic cooperation

A Memorandum of Understanding (MoU) on Business, Trade and Economic cooperation activities between the Nordic Chamber of Commerce and Industry in Bangladesh (NCCI) and the Confederation of Danish Industry (DI) was signed on January 13, 2017 in Copenhagen. The MoU was signed by NCCI President Shamim Ul Huq and DI Deputy Director Peter Thagesen. Also present at the event were the Ambassador of Bangladesh in Denmark, H.E. 18-_DSC5215Muhammad Abdul Muhith, Ib Albertsen from IFU and Søren Robenhagen, Commercial Counselor ...

IBBL to continue Shariah principles

Islami Bank Bangladesh Limited (IBBL) shall continue its Shariah principles and fundamental values. It will apply Zero Tolerance Policy regarding compliance of Islamic Shari`ah. Recruitment will be done through experienced, neutral and professional institution on the IBBLbasis of merit and qualification irrespective of caste and creed including the wards of freedom fighters. Besides, more female employees will be recruited for women empowerment. Employee salary structure will be revised with increasing in comparison with other ban...

IBBL gets 4 new DMDs

Islami Bank Bangladesh Limited has promoted its four Executive Vice Presidents to Deputy Managing Directors. They are Mohammed Monirul Moula, Mohammad Mohon Miah, Mohammad Ali and Abu Reza Md. Yeahia. Mohammed Monirul Moula has been heading the Bank's Corporate Investment Division-II. He joined Islami Bank in 1986 as a Probationary Officer and served in its branches, zones and Head Office in different capacities. He obtained Masters Degree with Honors in Economics from pomotion_dmd_10-01-2017C...

Bangladesh expats urged to use legal remittance options

UAE Exchange, a leading global remittance, foreign exchange and payment solutions brand, has launched a new social awareness drive to encourage the use of legal channels for sending money home among the Bangladeshi expatriates in the UAE. The campaign named ‘Amar Bangladesh’ (My Bangladesh) stands out for its message: “Sothik pothey pathai taka, Sochol rakhi desher chaka’’, which means “We send money legally which contributes to the development of my country”. Supported by the Ministry of Expatriates’ Welfare and Overseas Employment of Bangladesh and
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