Browse Tag

economy

AIBL donates for cancer, diabetes treatment

Al-Arafah Islami Bank Ltd (AIBL) has donated 10 (ten) lakh taka to General and Cancer Hospital Research Foundation & Diabetes Centre to construct the new hospital near Dhaka-Chittagong Highway under its Corporate Social Responsibility (CSR). 20180417 - AIBL CSR Press ReleaseChairman of the Bank Alhajj Abdus Samad Labu handed over the sponsorship cheque to Founder and Managing Director of the hospital Dr. Abdur Rahman on 17 April 2018 at Al-Arafah Tower, Dhaka. Director of t...

Fast fashion industry at risk from bank trouble

Fast fashion is at risk of hitting a speed bump if a looming crisis sweeps through Bangladesh’s banking sector. Financial institutions in the south Asian nation face a credit crunch following mass deposit withdrawals in March and soaring levels of non-performing loans. Analysts and investors fear a full-blown crisis could spill over into Bangladesh’s strongest link to the global economy — the production of textiles and ready-made garments for fast fashion brands and retailers such as H&M, American Eagle Outfitters, Zara, Walmart and Target. “Although the loan book composition across commercial banks in Bangladesh tends to vary

Online marketplace option at Bank Asia

Mr. Md Arfan Ali, President & Managing Director of Bank Asia, is formally launching the Bank’s launchingonline marketplace at Agent Banking outlets through partnership with Grameenphone by cutting cake at a function held at the Corporate Office of Bank Asia at Purana Paltan, Dhaka on Thursday (12 April, 2018).

Azim Group Global Steel launched

Azim Group, a multi-national garments holding company based in Bangladesh, recently has launched an enterprise- ‘Global Steel and Engineering Limited’ at Shailabil, Paruhala, Dhamrai, Dhaka. With the launch of the enterprise, Azim group sets its footprint into the steel industry. Azim Group is one of the pioneers in garments industry of Bangladesh. It has been exporting readymade garments to various markets of the world including USA, Europe, South America, Russia, Japan, China and Australia. AMI_6898To step into anothe...

German envoy visits Bexi Park

Dr. Thomas Prinz, Ambassador of Germany visited Beximco Industrial Park in Gazipur today Photo(16 April, 2018). He was welcomed by Ilias Agridiotis, Operations Director, Beximco Ltd.

Bangladesh development update: Building on resilience

Bangladesh is continuing its strong development trajectory, even as the pace of poverty reduction has slowed down, according to a new World Bank report, “The Bangladesh Development Update April 2018.” Sustained economic growth driven by exports, domestic demand and remittances. Despite challenges, the country maintained robust growth. Its exports have rebounded – primarily led Bangladesh-Microloans-groupby the Ready-Made Garments (RMG) sector – with a 6.33% growth in FY18, comp...
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