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economy

IPDC partners with Mashrafe

IPDC Finance Limited, the first private financial institution of Bangladesh established in 1981, signed an agreement with Narail Express Foundation on a three years partnership agreement today at Capital’s Westin Hotel. Mashrafe Bin Mortaza, Captain of Bangladesh Cricket Team & Chairman of Narail Express Foundation & Mr. Mominul Islam, Managing Director & CEO of IPDC Finance Limited signed the partnership agreement on behalf of their organization. Mr. Rizwan D. Shams, GM & Head of Business, IPDC Finance Limited; Mrs. Mahzabin Ferdous, Head of Corporate Communication, IPDC Finance Limited and other high officials from both the organization were present during the signing ceremony. Later on a press conference Mashrafe Bin Mortaza said, “We see a dream of changing the...

Tripartite meet on non-performing loans by BB, BIAC and ABB

A Tripartite meeting between Bangladesh Bank (BB), Association of Bankers Bangladesh (ABB) and Bangladesh International Arbitration Centre (BIAC) was held on 12 April 2018 at the Bangladesh Bank Head Office to find out ways to strengthen the Alternative Dispute Resolution (ADR) system to settle large number of pending cases in the banking sector. The meeting was chaired by Mr. Abu Hena Mohd. Razee Hassan, Deputy Governor of Bangladesh Bank. From Association of Bankers Bangladesh, Mr. Syed Mahbubur Rahman, Chairman, Mr. Sohail R.K. Hossain, Vice Chairman, Mr. Md. Arfan Ali, Secretary General participated in the discussion. Mr. Muhammad A. (Rumee) Ali, CEO of BIAC, led BIAC team and took part in the discussion. Mr. Abu Hena Mohd. Razee Hassan, Deputy Governor of Bangladesh Bank emphasi...

Round table on trade facilitation project in Bangladesh

Chairman National board of Revenue Md. Mosharraf Hossain Bhuiyan said that NBR has undertaken a number of projects for implementation of the TFA. While addressing at a Round Table on Trade Facilitation held in Dhaka on 18 April. Government has decided to establish a National Single Window (NSW) for facilitation of trade and NBR will act as the lead agency, he added. He also assured that NBR will be extending all cooperation to the businesses for expanding the export basket of the country in order to achieve $50 billion export target by 2021. ICC Bangladesh organized the Round-Tabel jointly with ICC Paris & Global Alliance. It may be

BD eyes settlement in $ 66m cyber heist

An Ecuadorian bank and Wells Fargo have reached an out-of-court settlement over a 2015 cyber heist, providing a possible precedent for the Bangladesh central bank’s planned suit to recover $66 million still lost in one of the world’s biggest such cases. A suit by Ecuador’s Banco del Austro against Wells Fargo & Co (WFC.N) was quietly settled in February, less than a month before a trial date was set, and the U.S. district court in Manhattan sealed all discussions, according to court documents. No other major media has reported the settlement.

BASL celebrates its 7th Anniv

Bank Asia Securities Limited (BASL) has celebrated its 7th anniversary on 17th April 2018 at its corporate office. BA Securities AnniversaryMr. Md. Arfan Ali, Honorable President & Managing Director of Bank Asia and Director of Bank Asia Securities Limited has inaugurated the celebration program. Mr. Alamgir Hossain, SEVP & Head of MCB Dilkusha Branch, Mr. Sumon Das, CEO of Bank Asia Securities Ltd Mr. A M Saifur Rahman, Head of Card Division, Bank Asia and oth...

PBL signs MoU with BRAC Services

A Memorandum of Understanding (MoU) between Pubali Bank Limited and BRAC Services Ltd. has been signed recently at bank’s Head Office. Md. Abdul Halim Chowdhury, Managing Director & CEO; Safiul Alam Khan Chowdhury, Additional Managing Director and Mohammad Ali, Deputy Managing Director of Pubali Bank Ltd. and Khondoker Asaduzzaman, Group General Manager of BRAC Services Ltd. were present at the MoU signing ceremony. MoU with BRAC ServicesAshim Kumar Roy, DGM & Head of Cards of Pubali Ban...
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