Dhaka – The Supreme Court on Monday ordered each of the 154 tannery owners at Hazaribagh to pay the government Tk 10,000 per day as fine for not relocating their factories to the Tannery Estate in Savar within the given…
Category: Business
IBBL awarded underprivileged students at Bogra
Islami Bank Bangladesh Limited Bogra Zone arranged scholarship awarding ceremony for the underprivileged meritorious students on Sunday, July 17, 2016 at Bogra Convention Center, Bogra. Mohammad Abdul Mannan, Managing Director & CEO of the Bank distributed scholarship and academic instruments…
SS Cotopaxi resurface after 90 years in Bermuda Triangle
The Cuban Coast Guards has said that they’d captured a ghost ship heading for the island, which is acknowledged to be the SS Cotopaxi.
Tour de France to continue as planned after attack in Nice
The Tour de France will continue as planned on Friday, a day after the deadly attack in Nice.France is reeling again after a large truck mowed through a crowd of revelers gathered for a Bastille Day fireworks display in the…
UNESCO announces 4 new World Heritage Sites
UNESCO has put four new sites on its World Heritage List.The new sites, announced Friday, include China’s Zuojiang Huashan rock art cultural landscape, Iran’s ancient aqueducts known as Qanat, and India’s archaeological site of Nalanda Mahavihara.The World Heritage Committee also…
Employees give CEO a new car after he shared the wealth
Seattle (AP/UNB) — The employees of a company whose boss gave them a well-publicized big raise have bought him a new Tesla.
Forbes reports on IBBL, as the best performing bank in BD
Dhaka-Islami Bank Bangladesh Limited is the largest and most profitable bank, and by all accounts one of the best-performing companies in Bangladesh, according to the prestigious Forbes magazine.
Rosatom Eyes Global Wind Power Business
Russian nuclear giant – ROSATOM State Corporation is finally set to expand their business in wind power sector. Earlier ROSATOM established a company- OTEK back in 2013 to develop non-nuclear energy projects in Russia.
Connectivity indices ignore globalisation damage
Indices that seek to measure international connectivity and rank the most connected countries often fail to capture the damage caused by globalisation, a report argues. “Connectivity comes with many negative impacts often neglected in indices,” says the first chapter of…
Islami Bank committees reformed
Yousif Abdullah Al Rajhi has been re-elected and M. Azizul Huq has been elected vice-chairmen of Islami Bank Bangladesh Limited. Besides, Executive Committee, Audit Committee and Risk Management Committee of the bank have been reformed with Prof. Syed Ahsanul Alam,…
Asian stocks slump, pound slid on worries about UK economy
South Korea (AP/UNB) – Asian stock markets slumped on Wednesday while the British pound hit a new 31-year low. Investors worried about the effect of Britain’s decision to leave the European Union on the U.K. real estate market following the…
Finalists announced for South Australia’s low carbon challenge
TEN finalists have been announced for South Australia’s Low Carbon Entrepreneur Prize as part of a push for the state’s capital Adelaide to become the world’s first carbon neutral city. The finalists will each receive AU$10,000 form a total prize…
2 U.S. funds sue banks for Singapore rate rigging
Two U.S.-based investment funds have filed a lawsuit in New York against dozens of banks accusing them of conspiring to rig derivative prices incorporating Singapore interest rate benchmarks, a court filing showed. The suit was filed by Greenwich, Connecticut-based FrontPoint…
Transport owners continue to charge higher fare, alleges BPWA
Bangladesh Passengers’ Welfare Association (BPWA) has alleged that transport owners have been charging extra fare of Tk 3,700 crore from home-bound passengers ahead of Eid-ul-Fitr. In a statement on Sunday, BPWA said Tk 2,200 crore extra fare is being collected…
Islami Bank Board meeting held
A meeting of the Board of Directors of Islami Bank Bangladesh Limited was held on aturday July 2, 2016 at the Board Room of Islami Bank Tower. Engr. Mustafa Anwar, Chairman of the Bank presided over the meeting. Directors along…
Doing well by doing good
Ethiopis Tafara Washington, DC – Two years ago, Tesla CEO Elon Musk decided to open access to his company’s patents to anyone – a move that ran completely counter to traditional competitive behavior. Why would a company give away its…
BD’s efforts to eliminate trafficking significant: US
Although the government of Bangladesh does not fully meet the minimum standards for the ‘elimination’ of trafficking, its efforts to do so are significant, said a global report. The government has significantly increased trafficking investigations with a notable increase in…
ADB helps Dhaka expand road connectivity cut congestion using PPP
Dhaka – The Asian Development Bank (ADB) and the Bangladesh Public-Private Partnership Authority today signed a transaction advisory services agreement that will pave the way for a public-private partnership project (PPP) to prepare and develop a major access road to…
Toyota recalls 1.43 million vehicles for defective air bags
Tokyo, June 29 (AP/UNB) — Toyota is recalling 1.43 million vehicles globally for defective air bags, although it is not part of the massive recalls of Takata air bags, the Japanese automaker said Wednesday. Toyota Motor Corp. said it does…
Turkish Airlines Iftar Mehfil & Cargo Award program-2016
Europe’s best Airlines Turkish Airlines Inc. (T.A) in association in its GSA Aero Mate Services Ltd. arranged a Iftar Mehfil and award distribution ceremony for top cargo agents on last Thursday in Westin Hotel.
Chittagong North and South Zone of IBBL organized Iftar Mahfil
Islami Bank Bangladesh Limited Chittagong North and South Zone organized a discussion on ‘Humane Banking in the light of Roza and Taqwa’ and Ifter Mahfil on June 27, 2016 Monday at Chittagong Club. Professor Syed Ahsanul Alam, Chairman, Executive Committee…
Brexit vote likely to crush chances of T-TIP Transatlantic Trade Deal
Capitol Hill— President Barack Obama has made forging sweeping trade deals with the European Union and the Asia-Pacific region a top foreign and economic policy goal for the final months of his presidency. He has been a staunch advocate for…
No unfit launch for traveling during eid-vacations: MInister
The government won’t allow to ply any unfit launch to carry passengers during holidays on the occasion of Eid-ul-Fitr, shipping minister Shajahan Khan said yesterday.
Banks to remain open until July 4 near marketplaces
Finally, Bangladesh Bank on Tuesday decided to keep branches of banks around marketplaces all over the country open till July 4. Bangladesh Bank deputy spokesman Anwarul Islam informed this saying that the central bank has taken the latest decision responding…
Banking sector thriving on strong economy: PM
Prime Minister Sheikh Hasina on Monday said the country’s banking sector is thriving on the strong national economy.
Formal opening of Dhk-Ctg 4-lane highway Jul 2: Quader
Road Transport and Bridges Minister Obaidul Quader on Monday said the Dhaka-Chittagong four-lane highway to be formally opened on July 2 next.
IBBL donates Tk.2 crore to PM’s relief fund
Islami Bank Bangladesh Limited donated Tk. 2 crore to the Prime Minister’s relief fund.
Banks to remain closed July 4
Bangladesh Bank and all other scheduled banks will remain closed on July 4 but those will remain open on July 16. Bangladesh Bank on Sunday took the decision, said its deputy spokesman Anwarul Islam. Earlier, the central bank took decision…
Islami Bank Board meeting held
A meeting of the Board of Directors of Islami Bank Bangladesh Limited was held June 25, 2016 Saturday at the Board Room of Islami Bank Tower. Engr. MustafaAnwar, Chairman of the Bank presided over the meeting. Directors along with Mohammad…
London firms may lose ‘prized’ EU access, say eurozone leaders
London’s financial firms risk losing unrestricted access to the European Union, according to eurozone leaders. The head of the Eurogroup of finance ministers, Jeroen Dijsselbloem, said banks could move jobs outside the UK if it leaves the single market. It…