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Dhaka

Islami Bank booms market price by Q2 EPS

Islamic Bank Bangladesh Ltd (IBBL) makes Net profit 246% more than previous year. Hopefully this bank is going upward through it’s standard operational activities. The Investors may expect a handsome return from IBBL. IBBLFurthermore, the reports shows consolidated Net Profit after tax (excluding non-controlling interests) from Jan-15 to June-15 was Tk. 3,395.24 m. with consolidated EPS of Tk. 2.11 as against Tk. 974.06 m. and Tk. 0.61 respectively for the same period of the previous year. Whereas consolidated Net Profit after tax (excluding non-controlling...

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...

BEZA seeks funding for spl economic zone

The Bangladesh Economic Zone Authority (BEZA) has sought funding from the finance division of the Bangladeshi government to set up a special economic zone at Anwara upazilla in the port city of Chittagong to attract Chinese investment. gov1The BEZA has recently sent a proposal to the finance ministry seeking over 420 crore taka interest free fund for acquisition of land for the Chinese Economic and Industrial Zone (CEIZ).
Paban Chowdhury, BEZA executive chairman, told Xinhua: "We have sent a letter req...

Airtel to make Cox’s Bazar Digital Surfing City

Airtel Bangladesh Limited, the fastest growing telecom operator of the country, in partnership with Bangladesh Computer Council, Information and Communication Technology Division of ICT Ministry has signed a memorandum of understanding (MoU) to enhance the global brand image of Cox’s Bazar, facilitate tourism and establish Cox’s Bazar as the Digital Surfing City through Private-Public Partnership. [caption id="attachment_18365" align="alignright" width="504"]Airtel-Cox Bazar Digital City Press Release

PNOC EC oil exports to Bangladesh up

PNOC Exploration Corp. (PNOC EC) aims to maintain oil exports to Bangladesh and Indonesia, which rose slightly in 2014 compared to 2013 shipments. Oil deliveries to Bangladesh via state-owned Bangladesh Petroleum Corp. (BPC) reached 382,759 metric tons (MT) for 2014 worth about $342.3 million, company president and CEO Pedro A. Aquino Jr. told the Inquirer. The initial estimate for 2014 was 382,751 MT. bpc-oilThe total volume consisted of gas oil, motor gasoline or mogas and high speed fuel oil or HSFO. In 2013, PNOC EC sold 382,751.93MT to Banglades...

IBBL AVP dies

Md. Alauddin Gazi, Assistant Vice President and Manager of Torki branch of Islami Bank Bangladesh Limited (IBBL) died on July 19, 2015 Sunday at a hospital in Barisal (Inna Lillahe Wa Inna Ilaihe Rajeon). He was 57. IBBL Alauddin GaziHe left his wife, son, two daughters and well wishers. Engr. Mustafa Anwar, Chairman and Mohamamd Abdul Mannan, Managing Director of the Bank expressed deep condolence at his death. They also expressed sorrow for the bereaved family members. Special Doa and Munazat was conducted in the head office a...