Dhaka – (AP/UNB) Twenty-five members of the International Monetary Fund (IMF) have committed a total of SDR 243 billion (US$340 billion) in bilateral borrowed resources with maximum terms through end-2020.
Category: Business
UN sets limits on global airline emissions amid dissent
A United Nations agency approved a landmark accord on Thursday to curb aviation pollution amid criticism the deal, which will cost the industry billions of dollars, fails to trim emissions enough on international flights. The International Civil Aviation Organization’s (ICAO)…
Grass roof for new Statue of Liberty Museum
New York (AP/UNB) — A new museum that seemingly rises out of the ground will replace the small exhibition space inside the pedestal of the Statue of Liberty, its grass roof blending with the landscape and affording sweeping views of…
Jamdani set to get registration as GI product
Dhaka – Jamdani, the country’s one of the finest muslin textiles, is going to get registration by this month as Bangladesh’s first Geographical Indication (GI) product.Senior Secretary of the Industries Ministry M Mosharraf Hossain Bhuiyan made the disclosure while addressing…
Channel opens for large vessels to save Sundarbans
Dhaka – Authorities have reopened the crucial 31 kilometres long Mongla-Ghasiakhali channel on completion of required dredging for movement of bigger vessels in the route keeping waterways adjacent to the Sundarbans undisturbed.”We have reopened the this crucial channel three days…
Market showing gain
Trading on the country’s two bourses is underway showing positive trend in share price indices on Thursday, the last trading day of the week.DSEX, the key index of Dhaka Stock Exchange, gained 0.60 points to stand at 4714.65 during the…
Cage fish farming succeed in Bangladesh’s Pirojpur
Dhaka – The people of Dhawa and Harinapal villages, particularly women, in Bhandaria upazila have now become self-reliant through ‘cage fish farming’, UNB news agency reported.
Stocks continue upsurge
Dhaka – Stock markets on Wednesday continued the upward trend when the large-cap securities of the market advanced further on active buying. All the major sectors, including ceramics, IT, food and allied, engineering and financial institution, maintained price indices in…
IBBL Board of Director’s meeting held
Dhaka-A meeting of the Board of Directors of Islami Bank Bangladesh Limited was held on October 04, 2016, Tuesday at the Board Room of Islami Bank Tower in Dhaka.
Take effective steps against irregularities in DOS: Rights Activists
Dhaka-Five Rights groups on Tuesday urged the Shipping Minister to take immediate effective steps to investigate alleged irregularities and corruption in the Department of Shipping (DOS) as per directives of the Prime Minister’s office.
Islami Bank opens 305th branch at Debiganj, Panchagarh
Dhaka – Islami Bank Bangladesh Limited has opened its 305 th branch at Debiganj of Panchagarh. Engr. Mustafa Anwar, Chairman of the bank inaugurated the branch as chief guest on October 3, 2016 Monday. Presided over by Mohammad Abdul Mannan,…
IBBL opens branch in Panchagarh’s Debiganj
Islami Bank Bangladesh Limited opened its 305th branch at Debiganj of Panchagarh on Monday.
WB focuses on decline in private investment, capital flight
The World Bank has said that the country’s private investment has been experiencing a declining trend while public investment is increasing.
Saudi Arabia switches to ‘Western’ calendar
Saudi Arabia has shifted to the Gregorian or “Western” calendar as a basis for paying civil servants as part of an austerity package. The kingdom adopted the lunar Islamic calendar when it was founded in 1932. The birthplace of Islam…
SAARC countries: Rich in tourist attractions, poor in arrivals
-By Raquib Siddiqi The eight SAARC (South Asia Association for Regional Cooperation) countries- Afghanistan, Bangladesh. Bhutan. India, Maldives, Nepal, Pakistan and Sri Lanka —are undoubtedly one of the richest in the world in terms of tourist attractions but unfortunately remained…
IBBL deposit, investment Tk667bn, Tk669bn
Deposit and investment of Islami Bank Bangladesh Limited stood at Tk. 667,318 million and 694,319 million respectively till September 30, 2016 which are 58,268 million and 61,721 million higher than the figure one year ago. The bank handled foreign exchange…
Muhith invites Dutch investors to visit BD
He opens first-ever single country trade fair in Amsterdam Dhaka – Highlighting the country’s ongoing development spree, Finance Minister AMA Muhith, now in the Netherlands, has invited Dutch businesses and investors to visit Bangladesh, UNB news agency reported.
‘US not restoring GSP facilities on political ground’
Dhaka – Commerce Minister Tofail Ahmed on Tuesday claimed in Parliament that the USA is not providing Generalised System of Preferences (GSP) facilities to Bangladesh on ‘political ground’, UNB news agency reported. The made the claim while responding to a supplementary…
ADB to provide 1.5bn to develop BD southwest railway
The Asian Development Bank (ADB) will provide US$1.5 billion to Bangladesh to build a dual-gauge railway line that will bring key trade and tourism to the southernmost parts of Bangladesh.The new railway, part of the Trans-Asia Railway network, will also…
IBBL sharia meeting held
Dhaka – A meeting of the Shari`ah Supervisory Committee of Islami Bank Bangladesh Limited was held on September 27, 2016 Tuesday at Islami Bank Tower. Mufti Moulana Sayeed Ahmad, Vice-Chairman of the Committee and Chief Mufti & Muhaddis of Al…
IMEI database to stop fake cellphone handset import
Dhaka – The government is going to create a database with international mobile equipment identity (IMEI) numbers to stop the illegal imports of fake cellphone handsets which have flooded the country’s markets, UNB news agency reported. A process is underway…
World Tourism Day Tuesday
Dhaka – The government is formulating a “practical” and “application” based Tourism Master Plan (TMP) to explore all the untapped potential, which is the also a motto of World Tourism Day.
Tajuddin gets bail on BASIC bank scam case
The High Court yesterday granted a four-week bail to Ahmed Tajuddin, chairman of UK Bangla Trading Ltd, in a BASIC Bank scam case.
Padma Bridge construction will be visible from Dec: Obaidul
The construction of Padma Multi-purpose Bridge will be visible from December and January months, Minister for Road Transport and Bridges Obaidul Quader told Parliament yesterday.
‘Closer BB scrutiny to arrest growing non-performing loans’
Dhaka: Bangladesh Bank governor Fazle Kabir on Sunday said banks’ risk management and corporate governance have been brought under closer supervisory scrutiny to arrest the increasing incidence of non-performing loans (NPLs). He made the remarks while speaking at the inauguration…
IBBL deposit, investment stand at 648,248 million
Deposit and investment of Islami Bank Bangladesh Limited stood at Tk.648,248 million and Tk. 569,866 million respectively till August 2016.
ICT export to cross $1b mark by 2018: Palak
State Minister for ICT Zunaid Ahmed Palak today laid emphasis on enhancing export of software and IT products to reach the target of US$5 billion by 2021.”The ICT export may cross $1b by 2018 if the present trend of export…
Save tourist spots before damages becomes irreversible
-By Raquib Siddiqi Tourism in Bangladesh is having a rudderless existence. The government has failed not only to build a workable tourism infrastructure but also to provide proper guidance to private sector which in recent years has come up in…
Vegetable prices fall for increased supply in Dhaka
Dhaka – The prices of vegetables slightly fell in the kitchen markets of the capital over the week due to increase supply after one week of Eid-ul-Azah. But other daily essentials remain stable like previous week. The price of Hilsha…
Newly harvested jute in Narsingdi markets
Narsingdi Correspondent The newly harvested jute has started coming to the local markets and other growth centres for the last couple of days. The growers here are happy as they are getting fair price of jute this year. The new…