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economy

CU signs ‘Corporate Investment Agreement’ with AIBL

Al-Arafah Islami Bank Limited (AIBL) Hathazari Branch will provide investment facilities in various schemes to the teachers and employees of Chittagong University (CU). In this regard, a ‘Corporate Investment Agreement’ was signed between the Bank and the University on 28 March, 2016 at the University Fine Arts Auditorium. Vice Chancellor of CU Prof. Dr. Iftekhar Uddin Chowdhury presided over the signing ceremony while Managing Director of the Bank Md. Habibur Rahman was present as Chief Guest. 20160331_AIBL_CU_press

PBL inks deal with ADB

Pubali Bank Limited signed a Participating Agreement with Asian Development Bank, Trade Finance Program(TFP) today at ADB Bangladesh Resident Mission. Md. Abdul Halim Chowdhury, Managing Director of Pubali Bank Limited and Steven Beck, Head Agreement with ADBof Trade Finance Unit signed the agreement on behalf of their respective organizations. Md. Sayeed Ahmed FCA and Akhtar Hamid Khan- Deputy Managing Directors of Pubali Bank Limited and Oleg Tonkonojenkov, Deputy Country Director of ADB were present ...

BB to appoint consultant to beef up security

Bangladesh Bank (BB) has decided to appoint a permanent consultant to oversee its IT and overall security measures, a senior official said. “We are now working on hiring the consultant, who will be employed under an annual contract,” the official told The Daily Star, wishing not to be named. The BB took the decision after it lost $101 million to cyber thieves from its foreign currency bbreserve account with the Federal Reserve Bank of New York on February 5. The money was wired to the Philippines and Sri Lanka. At the request of...

IBBL celebrates its 33rd anniversary

Islami Bank Bangladesh Limited (IBBL) organised a get-together and discussion on the occasion of its 33rd anniversary at Muhammad Yunus Auditorium of Islami Bank Tower on March 30, 2016, Wednesday. Engr. Mustafa Anwar, Chairman of the bank was present in the program as Engr. Mustafa Anwar, Chairman of the bank was present in the program as chief guest. Presided over by Mohammad Abdul Mannan, Managing Director, Engr. Md. Eskander Ali Khan, IMG_6760Chairman, Executive Committe, Md. Abul Hossain, Director, Zakiuddi...

Key challenge to accelerate private investments in BD

Bangladesh has successfully come out from LDC to a lower middle income group. However, in order to be categorized as a middle income country by 2021, Bangladesh has to consistently maintain the status for the next six years. But without a solid industrial base, adequate infrastructure, un-interrupted power supply, exploration of natural resources (gas, coal etc.), skilled works force etc., it will be difficult to sustain the present growth rate or even achieve higher growth, said ICC Bangladesh President Mahbubur Rahman while he was presenting the Executive Board Report. Bangladesh will require increasing GDP growth to 7.5 to 8 percent per year based on accelerated export and remittance growth. Both public and private investment will need to

Cricket 360 App relieves anxious fans

Cricket fever has truly gripped the nation. With the tigers’ growing stature in the world stage, fan following has increased manifold in recent times. No matter what we do, we always have an eye on the latest happenings on the cricket field around the world. As the proud sponsor of the Bangladesh National Cricket team, Robi has recently come up with a unique solution named Robi Cricket 360 App that allows the millions of cricket fans to stay connected with the game of their love and passion. This innovative mobile app offers exclusive
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