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economy

IBBL Board Meeting held

A meeting of the Board of Directors of Islami Bank Bangladesh Limited (IBBL) was held on October 23, 2015 Friday at the Board Room of Islami Bank Tower. Engr. 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 DSC_01the meeting. The meeting approved third-quarterly unaudited financial statement and expressed its satisfaction while evaluating the performance of the Bank over the success & progress achieved so far. Besides, the board ga...

Consumer products shining hope in Bangladesh

Bangladesh is emerging as one of the world’s next great growth opportunities for companies with a keen understanding of the nation’s rising consumer class. Every year, 2 million Bangladeshis join the ranks of middle-class and affluent consumers, and they are highly optimistic about the future, value foreign brands, and are jumping onto the digital bandwagon. These are among the findings in a new report by The Boston Consulting Group (BCG). The report, titled Bangladesh: The Surging Consumer Market Nobody Saw Coming, is being released today. The BD couple...

Bangladesh’s teenage surf girls

They lead double lives. Born into poverty in the Bangladeshi district of Cox’s Bazar, Johanara, Aisha, Shumi, Rifa, Suma, Shobe Majaraz, Mayasha and Nargis wake up early each morning to go to work hawking snacks and handcrafted jewelry on their local beach down in the southern reaches of the country, along the Bay of Bengal. They work late into the night, earning as much as they can to support their families. Shumi, 11, is the only one among this group of eight friends ranging from 10 to 13 who goes to school. She wishes to become a doctor when she grows up. But the odds are stacked against her in what, despite making significant strides in recent years to improve the position of its women [caption id="attachment_20388" align="alignleft" width="468"]

NEC approves new five-year development plan

The highest economic policy-making body of Bangladesh Tuesday approved a new five-year plan with the theme “Accelerating Growth, Empowering Citizens”. Bangladesh’s 7th five-year plan was approved at a meeting of the country’s National Economic Council with Prime Minister Sheikh Hasina in the chair on Tuesday here in the capital of Dhaka, Xinhua reported. gov1Bangladesh’s Planning Minister AHM Mustafa Kamal told journalists after the meeting that the new plan, which starts in the 2015-16 fiscal year (July 2015-June 2016) and ends in 2019-20 (July ...

IBBL RDS role model for rural development

A solvent family, own house, a piece of arable land- are the common dream of low income people. Mnowara Begum, a housewife of Paikpara village under Patia Upazila of Chittagong used to cherish the same. But poverty cripples her dream. Their days pass through financial difficuties with her husband's little income. Yet she did not get dishearted. She started finding the way to get rid of proverty. She learnt about the Rural Development Scheme of Islami Bank Bangladesh Limited (IBBL) from neighbors. Manowara became a member of the scheme under Hazrat Fatima (RA.) center at Patia Branch of the Bank in 2005. The scheme acts as the charioteer of her dreams. She took Tk. 5 thousand

edotco Bangladesh launches echo Centre

edotco Bangladesh Co. Ltd., a telecoms Infrastructure company, has introduced a first of its kind echo Centre. The launch of the echo centre aims to benefit the network operators through measurable business to enhance inventory and operational efficiency. Mr. Wan Zainal Adileen, Chief Marketing & Corporate Affairs Officer, edotco Group has inaugurated the centre at its head quarters in the city on October 20th, 2015. Mr. Darryll Sinappa, Managing Director of edotco Bangladesh Company Ltd. was also present at the occasion. ‘edotco Group is deeply passionate about launching its first echo centre outside...
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