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Banking

PPP for improved public sector auditing in BD

In recent years, there has been growing realization of the need for collaboration between private and public sector audit profession for ensuring effective oversight over expenditure management and quality audit in the public sector. A new Audit Act on the anvil is expected to address some of these constraints and empower the Comptroller and Auditor General (CAG) to use the private sector audit service in fully discharging its mandated responsibilities, said a policy paper presented in the workshop on “Public Private Partnership for Improved Public Sector Auditing in Bangladesh” organized by The World Bank, Dhaka at its office on Wednesday, 19 October 2016. Masud Ahmed, Comptroller and Auditor General of Bangladesh made the opening remarks in

‘BB, stumbling block to recovery of stolen funds’

The $81-million cyber heist will not come to a significant conclusion unless Bangladesh Bank resumes its internal investigation, says a Filipino newspaper. The February 2016 incident of online theft of the BB money deposited with the New York Federal Reserve, rocked Bangladesh and the Philippines banking system. The Standard reported on Wednesday that recent developments suggested an inferior internal system led to a breakdown in the security of the funds held and managed by the Bangladesh Bank. “The central bank of Bangladesh, in a way, is the biggest stumbling block to the recovery of the

Good days for golden fibre

Jute production has increased and so has new investment in the sector. However, the potential of the product in the international market has not been exploited to the full. If the bottlenecks in this sector can be removed, it would be possible to increase export of jute and jute products to the international market. Stakeholders highlighted various aspects of the jute sector at a roundtable on "Jute Production and Expanding the Market for Jute Goods: Problems and Potential" on Tuesday. It was organised by Prothom Alo with support from CARE and SWITCH Asia Jute Value Chain Development Project, at the Prothom Alo office in Dhaka's Kawran Bazar. State minister for textiles and jute Mirza Azam said, the present government has taken several [caption id="attachment_20187" align="alig...

Kashem Humayun joins Agrani Bank

Renowned Journalist Kashem Humayun join Agrani Bank Limited as Director on Thursday September 8, 2016. The same day he participated its Board of Directors meeting. The newly appointed Director of Agrani Bank Limited Kashem Humayun was given warm reception with flower bouquets by the Board of Directors. Chairman of the Board of Directors Dr. Zaid Bakht, Director Mr. Gokul Chand Das, Dr. Nitai agrani BankChandra Nag, Mr. Md. Ashiqul Hoque Chawdhury, Shamim Ahsan, Managing Director & CEO Mohammed Shams-Ul Islam, Dep...

PBL Barisal regional managers’ confce ends

The ‘2nd Managers’ Conference-2016’ participated by all Managers of Barisal Region of Pubali Bank Ltd. was held recently to motivate them to increase Bank’s business by rendering better services. Syed Moazzem Hussain, Director, Board of Directors of Pubali Bank Ltd. graced the conference as Chief Guest while Md. Abdul Halim Chowdhury, Managing Director of Pubali Bank Ltd. was present as Guest of Honour. Mohammad Ali, Deputy Managing Director & Chief Technical Officer and Abu Habib Khairul Kabir, General Manager of Head Office were present as Special Guests. DGM and RM of Barisal region Md. Zahidur Rahaman presided over the conference. In his speech Syed Moazzem Hussain emphasized on expansion of foreign remittance business through better customer & modern banking service. He ...

IBBL, Holy Family sign MoU

A Memorandum of Understanding (MoU) was signed between Islami Bank Bangladesh Limited and Holy Family Red Crescent Medical College Hospital on Saturday, 3 September 2016 at Islami Bank Tower for providing quality medicare services at affordable cost. Brig Gen (Retd.) Dr. Md. Shawkat Ali, Director of Red Crescent Medical College Hospital and IBBLMohammad Abdul Mannan, Managing Director & CEO of Islami Bank signed the contact on behalf of their respective organizations. Hafiz Ahmed Mazumder, Chairman of Bangladesh Red Crescen...
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