AIBL holds induction course on Islamic Banking

A 3 day long training course heading “Induction Course on Islamic Banking” held at Al-Arafah Islami Bank Training & Research Academy recently. 20131114-AIBL Training PressManaging Director of the Bank Md. Habibur Rahman inaugurated the course as chief guest, says a press release. Among others, Principal of AIBTRA Md. Zahid Hasan was also present in the occasion. Senior Esecutive Officer, Executive Officers and Officers of selected branches of the bank took part in the course.

UCBL signs deal with DEX International UK

United Commercial Bank Ltd (UCBL) signed an agreement for remittance arrangement with DEX International UK recently at the Corporate Head Office of UCB. The agreement was signed aiming to remit the hard earned money of Bangladeshi expatriates through banking channel. DSC_0578Muhammed Ali, Honourable Managing Director of UCB and Asmat Ullah Butt, Director, DEX International UK signed the agreement on behalf of their respective organizations, says a press release. Among others Additional Managing Director of UCB M. Shahidul Islam; Senior Ex...

Houston’s Bangladesh community seeks funds for cultural center

The growing immigrant Bangladeshi population of Houston has been trying for years to build a permanent community center but has been stalled by a lack of funds. Now, the Bangladesh Association, Houston, is hoping to raise about $1 million in what board members hope will be a major step toward reaching their fund-raising goal.The nonprofit is holding a multicultural gala on Friday at Crowne Plaza Galleria to attract support. The BangladeshAssociationCenter is a $2.5 million project being built on four acres purchased in 2001 at 13145 Renn Road in southwest HarrisCounty. bd culture

Tea prices up for 4th week

Tea prices in Bangladesh rose for a fourth straight week at a weekly auction held on Wednesday as strong demand from local buyers for the winter season offset higher supplies, brokers said. The average price of Bangladeshi tea was 213.25 taka ($2.74) per kg against 209.24 taka in the previous auction on Nov. 6, an official from National Brokers Ltd said on Thursday. teaMore than 2.3 million kg of tea was offered at the country’s sole auction centre in Chittagong, with nearly 17 percent remaining unsold, compared with 2 million kg offered and 15 percen...

Greenpeace tips hat to Facebook, Google for renewable energy use

Greenpeace has often been critical of big data-center operators like Facebook for their impact on the environment, but on Wednesday it said some online firms are improving their practices and may even be the vanguard for renewable energy use. Facebook, Google, Apple and some other tech firms have been investing heavily in renewable energy sources such as wind, hydro and solar. While cautioning that they have more work to do, Greenpeace said the companies are showing how big organizations can use their buying power to reduce dependence on fossil fuels. "The changes I'm seeing from the companies in the room here are giving me big hope," said Gary Cook, a senior IT policy analyst at Greenpeace, at an event in San Francisco attended by Facebook, Google, Rackspace, Yahoo and other comp...

Trade balance to decline in FY 2013-14

The country’s terms of trade have been deteriorating unabated, reflecting a major structural weakness of the economy, reveals the Unnayan Onneshan, an independent multidisciplinary think-tank, in its latest monthly economic update released on Wednesday. The terms of trade, the value of exports relative to that of imports, reached at 70.1 per cent in FY 2011-12 from 70.8 per cent in FY 2010-11 and the leading think-tank projects further weakening in the upcoming years to reach at 69.2 per cent, 68 per cent, 66.7 per cent and 65.5 per cent in FY 2012-13, FY 2013-14, FY 2014-15 and FY 2015-16 respectively, if radical actions are not taken.
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