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economy

Axiata completes Ncell acquisition

Axiata Group Berhad (Axiata or Group), one of Asia's leading telecommunications groups, marked its milestone entry into the Nepal telecommunications market with the successful completion of its acquisition of Ncell Private Limited (Ncell), the number one mobile operator in Nepal. With its expertise, proven track record in South Asia and strategic intentions to bring long-term national development, Axiata brings together connectivity, technology and people for the broader goal of Advancing Nepal. President & Group Chief Executive Officer of Axiata, Dato’ Sri Jamaludin Ibrahim said, “The unique mix of a controlling stake of a well-managed number one player in a healthy, growing market presents Axiata the perfect expansion opportunity of its footprint. The addition of Ncell

ECNEC okays nat’l agro tech programme for 57 districts

Aimed at improving the socio-economic conditions of the farmers and alleviating poverty, the government has launched National Agricultural Technology Programme (NATP-2) with an outlay of Taka 1,878 crore. Over 28,40,000 farmers families would be benefitted after the implementation of the project in 270 upazilas under 57 districts by September 2021, reports BSS. The Executive Committee of the National Economic Council (ECNEC) today approved the NATP-2 project along with seven other development projects at its 26th meeting in current fiscal held at the NEC conference room in the city’s Sher-e-Bangla Nagar. ECNEC Chairperson and Prime Minister Sheikh Hasina chaired the meeting.

The all other banking scams in BD

On Feb. 4, $101 million dollars of Bangladesh’s foreign exchange reserves were stolen from its account at the Federal Reserve in New York. Only about $20 million have been recovered so far, and it still isn’t known who took the money or where it ended up. The heist is being described as one of the biggest bank robberies in history. But it’s hardly the first time tens of millions of dollars have vanished from Bangladesh’s banks. The high-flying cyberscam at the Federal Reserve pales in comparison with the routine plunder of Bangladesh’s financial system, including by some of its purported guardians. The country’s six state-owned commercial banks (SOCBs) control around one-quarter of all bank assets in the country but have on outsize influence on the economy thanks to their connecti...

LG, Good Neighbors for good city environment

Multinational electronics company LG and international NGO Good Neighbors Bangladesh have jointly launched ‘Special Cleaning and Mosquito Prevention Week’ in the city. Managing Director of LG Electronics Bangladesh Edward Kim has inaugurated the initiative at Mirpur in the morning today. Ward Commissioner Alhaz Mobasser Hossein Chowdhuri 7 no. ward, DNCC was also present at the inauguration ceremony. Country Director of Good Neighbors Bangladesh Mr. Jeoung Sek Kim was president of the programme. Referring latest report of World Health Organization (WHO) Edward Kim said while

IBCF 47th meeting held

The 47th Meeting of Islamic Banks Consultative Forum (IBCF) was held on Sunday the 10th April, 2016 in the Meeting Room of Bangladesh Association of Banks (BAB) Engr. Mustafa Anwar, Chairman, IBCF & Chairman, Board of Directors of Islami Bank Bangladesh Limited was presided over the meeting. The meeting discussed on Islamic Banking activities in Bangladesh. The meeting was attended among others by Major (Retd.) Dr. Md. Rezaul Haque, Chairman, Social Islami Bank Ltd., Jb A K M Nurul Fazal Bulbul, Vice- Chairman, IBCF, Jb Md. Sayedur Rahman, Vice Chairman, Social Islami Bank Ltd, Jb Mohammed Younus, Vice-Chairman,

43rd AGM of BAT Bangladesh

The 43rd Annual General Meeting of British American Tobacco Bangladesh Company Limited was held at the Pan Pacific Sonargaon Hotel in Dhaka on Tuesday, 12 April 2016 with Mr. Golam Mainuddin, Chairman, British American Tobacco Bangladesh, in the chair. A large number of shareholders attended the meeting and unanimously passed the Accounts Picsfor the year ended 31 December 2015, Directors’ Report and the Auditor’s Report. The shareholders also approved the proposed dividend of Tk 55 per share. In 2015, the Company co...
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