A former governor of Bangladesh Bank has said banking sector reforms will not be beneficial unless banks are freed of political influence and pressure.Former central bank governor Salehuddin Ahmed made the comment at a roundtable on ‘banking sector reforms and…
A two-day Business Development Conference 2016 of Islami Bank Bangladesh Limited was inaugurated on January 15, 2016 at a local hotel. Presided over by Mohammad Abdul Mannan, Managing Director of the Bank, Engr. Mustafa Anwar, Chairman and Engr Md. Eskander…
Jeremy Herron Dani Burger Stocks tumbled around the world, with U.S. equities sinking to their lowest levels since August, and bonds and gold jumped as oil’s plunge below $30 sent markets reeling. Treasuries extended gains as economic data and earnings…
A two-day Business Development Conference 2016 of Islami Bank Bangladesh Limited was inaugurated on January 15, 2016 at a local hotel.
London and New York PRNewswire — Clean energy investment surged in China, Africa, the US, Latin America and India in 2015, driving the world total to its highest ever figure, of $329.3bn, up 4% from 2014’s revised $315.9bn and beating…
Dhaka – A number of foreign buyers of ready made garments (RMG) are exploiting the Bangladeshi suppliers through buying products from them and then later terming them as ‘non-compliant’, a research report of Transparency International Bangladesh (TIB) saidon Thursday. TIB,…
Chief Minister of Malaysian State of Perak, Dr Zambry bin Abdul Kadir visited Yunus Centre today to meet and have discussions with Nobel Laureate Professor Muhammad Yunus together with a 46-member delegation.
In 2015, the economy and the financial system made good progress.Despite some initial challenges, we achieved a respectable growth of 6.5 percent, and macro-financial and price stability, reaching the milestone of a lower-middle income country status. Since the last MPS,prices…
The World Travel & Tourism Council (WTTC) has announced the 15 Finalists for its 2016 Tourism for Tomorrow Awards in the five categories; Community, Destination, Environment, Innovation and People. The 15 Finalists, which were chosen after a rigorous judging process,…
U.S. oil futures settled higher on Wednesday for the first time in eight sessions, but the move lacked conviction as U.S. government data showed that supplies of crude and crude products climbed last week and analysts continued to weigh the…
Staff Reporter Bangladesh Bank governor Dr Atiur Rahman yesterday sent a letter to the Inspector General of Bangladesh Police to take action against Sub Inspector Masud Sikder who allegedly assaulted BB Assistant Director Gulam Rabbi.
Honk Kong — The Dalian Wanda Group, a politically powerful property and entertainment company in China, said on Tuesday that it was buying Legendary Entertainment, one of Hollywood’s biggest movie production companies, for as much as $3.5 billion. The deal,…
Oil fell briefly below $30 a barrel on Tuesday, extending a relentless selloff that has wiped almost 20 percent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint.The day’s near 4 percent…
STAFF REPORTER Officials of the Bangladesh Bank (BB) yesterday halted their ongoing programme till January 24 after getting assurance from the government to resolve the crisis created out of the eighth national pay scale.
China’s foreign exchange regulator said on Saturday it will ramp up risk control efforts, push ahead with regulatory reforms and look to accelerate the development of the country’s foreign exchange market in 2016.The State Administration of Foreign Exchange (SAFE) made…
Iraq has extended a ban on imports of frozen and live poultry products to cover two dozen countries, including Bangladesh and China, the government said on Sunday.Baghdad last month restricted poultry imports from France, where an outbreak of avian flu…
The government will shut down the tanneries in the capital’s Hazaribagh area if their owners fail to relocate those to Savar Tannery Estate within 72 hours.Industries Minister Amir Hossain Amu instructed the Bangladesh Small and Cottage Industry Corporation (BSCIC) to…
Oil fell for a fifth straight day on Friday, losing 10 percent on the week, and Goldman Sachs said more losses were needed to force producers to cut supplies adequately to balance the glut and bleak demand outlook in the…
Recent market volatility is neither entirely warranted nor unexpected. In China, it reflects a confluence of forces; but in the US and internationally, it is fueled by international worries.On Monday, January 4, China’s A-shares plunged by about 7%, whereas the…
Amy Yee At Western Marine’s shipyard on the edge of the Bay of Bengal, machines shriek and sparks fly as workers turn hulking pieces of metal into gigantic ships. The clanging of hammers echoes as a stray dog trots across…
When the World Trade Organization (WTO) met in Seattle, Washington in 1999, the Africa paper[1] carefully prepared by the Kenya representatives to the WTO in Geneva had set the stage for the rejection of the strict intellectual property rights which…
Cellular phone operator Robi has introduced train ticketing solution aiming to facilitate a hassle free travel by train.
Oil prices tumbled to $32.62 a barrel on Thursday as a result of rising US energy stockpiles and China’s weakening currency. Brent crude fell 4.7% while US West Texas Intermediate was down 3.9%. For US oil, that was its lowest…
The government has given permission to 41 organisations to export 277,000 bales of raw jute as a “special measure”.Saikat Chandra Halder, PRO of the textile and jute ministry, informed the media of the decision on Wednesday.He said these organisations would…
The Taka-dollar exchange rates have come down as the Bangladesh Bank has started to buy the greenback from the local currency market.Over the last one month, the rate for one US dollar has dropped by Tk 0.45.On Monday, the central…
On a press briefing Dr. Muhammad Yunus said that I am deeply shocked and sad to learn about the untimely death of Dr Mahabub Hossain who passed away earlier today.
STAFF REPORTER The special taskforce of Dhaka Power Distribution Company Limited on Sunday had unearthed massive electricity theft and tax evasion during a drive in a 24 storied and 18 storied twin tower building named ‘Tokyo Plaza’ in Narayanganj.
The slump in global oil prices could hit bottom in early 2016 although prices are likely to remain low for the next couple of years, BP Chief Executive Officer Bob Dudley said.”A low point could be in the first quarter,”…
Islami Bank Bangladesh Limited organized a business review meeting at Mohammad Younus Auditorium of Islami Bank Tower on January 2, 2016 Saturday. Engr. Mustafa Anwar, Chairman of the bank attended the meeting as chief guest. Presided over by Mohammad Abdul…
Islami Bank Bangladesh Limited organized a business review meeting at Mohammad Younus Auditorium of Islami Bank Tower on January 2, 2016 Saturday.