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bangladesh

IBBL Board meeting held

A meeting of the Board of Directors of Islami Bank Bangladesh Limited (IBBL) was held on July 25, 2015 Saturday at the Board Room of Islami Bank Tower. DSC_02Engr. Mustafa Anwar, Chairman of the Bank presided over the meeting. Local and foreign Directors along with Mohammad Abdul Mannan, Managing Director of the Bank were present in the meeting. The meeting approved half-yearly unaudited financial statement and expressed its satisfaction while evaluating the performance of the Bank over the success & progress achieved so far. Beside these, the mana...

ICAB, CPA Ireland sign MoU

The Institute of Chartered Accountants of Bangladesh (ICAB) and the Institute of Certified Public Accountants in Ireland (CPA Ireland) have signed a Memorandum of Understanding (MOU) to establish a partnership relating to the distribution of the unique online CPA Certificate in IPSAS™ Financial Reporting in Bangladesh. This agreement builds on a strategic partnership, which includes mutual pathways to membership, signed between the two bodies in 2012. This agreement was signed during a high level conference on International Public Sector Accounting Standards which was organised in Dhaka by ICAB and delivered by CPA Ireland in July 2015.

Homeless child inspired him to help hundreds

It was a day playing with plastic bottles that changed Korvi Rakshand’s life. Named one of 10 inspirational Bangladeshis last year, Rakshand was born to a wealthy family. But he turned his back on money and for the past eight years has been running an NGO in one of Dhaka’s biggest slums. [caption id="attachment_18406" align="alignright" width="612"]jago foundation Korvi Rakshand (fourth from left) with the first class of children taught at his school. Photograph: Jaago Foundation[/caption] He talks freely about the moment that changed everything...

Governance, risk & compliance of insurance industry

Research and Markets has announced the addition of the “Governance, Risk and Compliance - The Bangladeshi Insurance Industry” report to their offering. ‘Governance, Risk and Compliance - The Bangladeshi Insurance Industry report is the result of extensive research into the insurance regulatory framework in Bangladesh. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report bd insurancespecifies various requirements for ...

Mobile phones to move money

Bangladesh, home to the world’s second-largest mobile money company, is moving to consolidate the industry as it expands financial services to the rural poor. The central bank has proposed channeling all mobile transactions through bank-led companies with a minimum capital of 1 billion taka ($13 million), said Bangladesh Bank Governor Atiur Rahman. This would force smaller providers to merge and link up with banks. mobile-money“There are a lot of entrepreneurs who could never be reached by conventional banks,” Rahman said in an interview in...

The town that in human trafficking’s grip

From his shop overlooking a pier on this island near the border with Myanmar, Mohammad Hossain watched the human smuggling business swell. Over the years, the trickle gradually grew into an unending stream. The late-night flashes of light on the water, signaling that the coast was clear to launch boats, multiplied until they looked like summer lightning. That the boats were not carrying fish was an open secret here: One day, when a trawler sank on its way out, the water was littered with floating human bodies. The people of Shah Porir Dwip — fishermen, shopkeepers, police officers and shadowy bosses — were all drawn in, as participants or concerned observers, to a multimillion-dollar people smuggling business that sent roots deep into this impoverished corner of Bangladesh. [ca...
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