IBCF Research and Training Academy arranged a two-day long training Program on ‘’Sukuk: Shariah Framework, Structure, Issues, Opportunities and Challenges” on January 21-22 at BAB office, Gulshan Dhaka.
Category: Business
Amazon opens store without cashiers
No cashiers, no registers and no cash — this is how Amazon sees the future of store shopping. The online retailer opened its Amazon Go concept to the public Monday in Seattle, which lets shoppers take milk, potato chips or…
Trump hits solar panels, washing machines with tariffs
Washington, Jan 23 (AP/UNB) — President Donald Trump on Monday approved tariffs on imported solar-energy components and large washing machines in a bid to help U.S. manufacturers.
No progress in BD proposal to invest in Nepal hydro power
Bangladesh has recently proposed to invest in hydroelectric projects in Nepal to expand its power options, reports Kathmandu Post. “In order to meet the growing demand, we are considering Nepal a big market that can fulfill our needs,” the premier…
BD imports 13400 mt food from Myanmar
Bangladesh has imported over 13,400 tonnes of rice from Myanmar through the Maungtaw Trade Zone during the 10 months of the 2017-2018 fiscal year. Up to January 14, 2017-2018 FY in Myanmar, some 13420 tonnes of rice were exported to…
Both stocks up at opening
Dhaka, Jan 22 – The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw positive trend in early hours of trading on Monday as enthusiastic investors are on buying spree.
Moscow assured Dhaka on duty-free access for RMG
Russia has assured Bangladesh to provide duty-free and quota-free market access for Ready Made Garments (RMG) products soon.Commerce Minister Tofail Ahmed said this on Sunday after having a discussion with a seven-member visiting Russian delegation at Commerce Ministry in Bangladesh…
People must know stock market before investing money: Muhith
Finance Minister AMA Muhith today said present stock market is modern and internationally recognized one and the government along with Bangladesh Securities Exchange Commission (BSEC) had to work hard to take the capital market to this position.
Over half of Padma Bridge work done: Quader
Road Transport and Bridges Minister Obaidul Quader on Saturday said overall 51.5 percent of Padma Bridge project was completed so far.
IBBL Officers Kalya Samity annual get together held
Dhaka, 19 Jan – The Islami Bank Officer Kalyan Samiti (IBOKS) organized annual get together and picnic with the participation of the bank’s directors, executives, all employees and their family members at Subarnagram Park of Rupganj Upazila of Narayanganj on…
400 train passengers fined for travel without tickets
Rajshahi, 19 Jan – About four hundred train passengers have been fined for Train Journey without having tickets in Ishwardy to Dhaka railway route.
Banking sector ‘not completely free from flaws’: Muhith
Dhaka, Jan 18 – Finance Minister Abul Maal Abdul Muhith on Thursday admitted that the country’s banking sector is not completely free from flaws.
Importers see fish test before sale threat to their business
Dhaka, January 19 – Traders in fish import are in deep soup over a new government move that made testing of all imported fish shipments a prerequisite for their sales in the domestic market.
PPPs likely to undermine public health commitments
By Anis Chowdhury and Jomo Kwame Sundaram Sydney and Kuala Lumpur, Jan 17 (IPS) – The United Nations Agenda 2030 for the Sustainable Development Goals (SDGs) is being touted in financial circles as offering huge investment opportunities requiring trillions of…
Gender impact on trade, finance and fintech
Woman-owned firms engage differently with finance for trade. The barriers they face in starting and running a business are well-known. Yet, this offers little insight into how they finance their business once globalized. Surveys indicate that finance is often the…
IBBL Board meeting held
Dhaka, 17 Jan -A meeting of the Board of Directors of Islami Bank Bangladesh Limited was held on 17 January 2018 Wednesday in Islami Bank Tower.
Islami Bank provides freezer van to Officers’ Club
Dhaka, 17 Jan – Islami Bank Bangladesh Limited has provided a Freezer Van to Officers’ Club, Dhaka for supplying of healthy foods under bank’s CSR activities.
Nestle sells Crunch, other US brands to Ferrero for $2.8b
Nestle is selling its US sweets and chocolate business to Ferrero Group for 2.7bn Swiss Francs ($2.8bn; £2bn). The Swiss food giant said it was offloading brands such as Crunch, Nerds, Runts and Butterfinger to focus on other products. Italy’s…
Instability – not productivity – is the economic problem
by Gerald Holtham There is currently a big debate about productivity growth. Is it as slow as it has been measured or have changes in the economy led to growing measurement errors? If slow growth is real, what causes it?
BB Reserve heist report submission deferred
Dhaka, 16 Jam – The Chief Metropolitan Magistrate (CMM) Court of Dhaka yesterday deferred the date for submission of the investigation report in the case filed over the theft of Bangladesh Bank’s reserve to February 28.
Dhaka’s auto-rickshaw services turn app-based
Dhaka, Jan 16 – Following the successful operation of private cars and motorbikes in the capital under ride-sharing services, several private companies, including ‘Top II’ and ‘MUV Asia’, are going to launch the app-based CNG-run auto-rickshaw services in the city…
Bill allowing 4 family-members on bank boards passed
The much-talked-about ‘Bank-Company (Amendment) Bill 2018’ was passed in Parliament on Tuesday with a provision to allow upto four members of a family to become directors of any bank and the directors to hold their posts for nine years consecutively.…
Bank recruitment test cancelled: BB institutes inquiry
Bangladesh Bank on Tuesday rescinded the bank recruitment test that took place on Friday last at different centers in the capital to recruit officers at over 7000 posts remained vacant at eight state-owned banks. The decision on cancellation of the…
Import expansion leads to higher trade deficit in BD
Continued expansion of import spending has led to expansion of the trade deficit of Bangladesh in the first five months of the current fiscal year to $7.6 billion.
Cabinet approves draft ride-sharing guidelines
The Cabinet on Monday approved the draft of Ridesharing Service Guideline, 2017 to bring the app-based transport services under a legal framework. “The ridesharing services are already available in the country, and the cabinet endorsed the draft of the Ridesharing…
Bangladesh attractive place for diplomacy: Pranab Mukherjee
Visiting former Indian President Pranab Mukherjee on Monday said Bangladesh is now an attractive place for investment.Pranab Mukherjee said this when he met Prime Minister Sheikh Hasina at her official residence Ganobhaban. After the meeting, Prime Minister’s Press Secretary Ihsanul…
Lactalis recalls tainted milk from 83 countries
Lactalis offers salmonella compensation, French govt says probe continues. A milk products sticker is seen on a building at the French dairy group Lactalis headquarters in Laval, western France, January 12, Reuters reported France welcomed dairy group Lactalis’ pledge to…
Muhith rubishes CPD view on Banking
Finance Minister AMA Muhith has termed the statement of the Cantre for Policy Dialogue (CPD) regarding the country’s banking sector as rubbish. “No, no, no…It’s all rubbish. I have no comment,” he told reporters as his attention was drawn to…
RMG workers get new wage board
The government has formed a new wage board to review the existing wages of the garment industry workers.State Minister for Labour and Employment Mujibul Haque Chunnu came up with the information at a press conference at the secretariat on Sunday.Earlier,…
Stocks witness sluggish trent
Stocks maintained sluggish trading activities on the both bourses-Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)-due to selling pressure on Sunday, first day of the week. DSEX, the prime index of Dhaka Stock Exchange (DSE), lost 61.42 points or…