Finance Minister Abul Maal Abdul Muhith handed over a crest to Taher Ahmed Chowdhury, Deputy Managing Director of Islami Bank Bangladesh Limited at the closing ceremony of the Digital World-2017.
Category: Business
Don’t further extend lifetime of CNG-auto rickshaws: Nat’l body
Dhaka, Dec 10 – The National Committee to Protect Shipping, Roads and Railways (NCPSRR), a non-government organisation, on Sunday urged the government not to extend the lifetime of CNG-run auto-rickshaws again.
ADNOC Distribution fuel firm IPO raises $851m
The fuel distribution unit of Abu Dhabi National Oil Company priced its initial public offering (IPO) at the mid-point of a revised indicative range, valuing the deal at Dhs3.1bn ($851m), the company said. ADNOC Distribution priced each share at Dhs2.50,…
Egypt uncovers ancient tombs at Luxor
Archaeologists in Egypt have displayed items, including a mummy, from one of two previously unexplored tombs in the ancient Nile city of Luxor. The mummy is believed to be that of a senior official from Egypt’s “New Kingdom”, about 3,500…
IBBL seminar: Challenges of digital currency in BD
Dhaka – Islami Bank Bangladesh Limited sponsored a seminar titled “The Prospect and Challenges of Digital Currencies in Bangladesh” organized by ICT Division of Government of Bangladesh held at Bangabandhu International Conference Center on December 9 Saturday.
Stocks sluggish for second week in row
Indices on the Dhaka Stock Exchange and Chittagong Stock Exchange passed another sluggish week as investors focused on profit booking. Week-on-week basis, the benchmark DSE General Index dipped 58.63 points, or 0.93 percent to 6,248.23 points. Four out of five…
Social business initiative launched
A tripartite memorandum of understanding (MoU) was signed among Yunus Centre, Grameen Creative Lab of Germany and Sports and Peace foundation, an international organisation based in Monaco to help sports world to address social problems around the globe through social…
UAE implementing 5pc value added tax on Jan 1
The UAE’s Federal Tax Authority has announced a final list of products and services that will be subject to an impending 5 per cent value added tax rate on January 1. Other select goods and services will be zero-rated or…
Draft on fisheries subsidies goes to WTO Ministerial
Geneva (Kanaga Raja) – Members of the World Trade Organisation (WTO) on 6 December agreed to forward a draft decision on fisheries subsidies to trade ministers to consider at the WTO’s eleventh ministerial conference (MC11) in Buenos Aires beginning on…
BB considers suing RCBC for heist money
DHAKA – Bangladesh Bank (BB) is mulling over filing a lawsuit against Filipino Rizal Commercial Banking Corporation (RCBC).to recover the whole heisted money from the central bank’s account with Federal Reserve Bank of New York.”The Philippines government is extending all…
World food import bill set to rise this year, says FAO
Geneva (Kanaga Raja) – The cost of importing food globally is set to reach USD 1.413 trillion in 2017, representing a 6 percent or USD 86 billion rise from last year, the Food and Agriculture Organisation (FAO) of the United…
IBBL hosts Saudi Business Delegation
Dhaka – Islami Bank Bangladesh Limited hosted a dinner in honour of Saudi Business Delegation to Dhaka on 5 December 2017 at Pan Pacific Sonargaon Hotel.
Ferry link of Dhaka with Barisal region snapped for accident
Pirojpur, Dec 6 – Ferry communications of the capital Dhaka with the southern districts of Bangladesh remained suspended since early Wednesday following a collision between a passenger ferry and a lighterage ship in the Kocha River near Bekutia Ferry Ghat…
PM for increasing connectivity among Asian nations
Phnom Penh (Cambodia), Dec 5 – Prime Minister Sheikh Hasina on Tuesday stressed the importance of increasing connectivity and cooperation among Asian nations in the interest of the people of this region.
Dhaka-Phnom Penh sign 10 instruments
Bangladesh and Cambodia today signed 10 instruments — an agreement and nine memorandums of understanding (MoUs) — to boost trade and investment relations as well as enhance cooperation in various fields like tourism, agriculture, civil aviation, ICT and technical education.…
‘bkash’ mobile money transfer agents robbed of Tk 1m
Dhaka, Dec 4 – A gang of muggers snatched away Tk 9.40 lakh stabbing a ‘bKash’ agent in Khitibaria rail crossing area of Sadar Upazila of Jessore on Sunday.
Islami Bank opens 329th branch at Ranishankail
Dhaka – Islami Bank Bangladesh Limited opened Ranishankail Branch as its 329th Branch at College Road of Ranishankail Upazila of Thakurgaon District on December 3, 2017, Sunday.
Uber celebrates first year of its operation in Bangladesh
Uber, the world’s largest on-demand ride-sharing company, on Sunday celebrated its first anniversary in Dhaka, the capital and megacity of Bangladesh.
Dhaka stocks witness mixed trading
-Stocks at the country’s prime bourse-Dhaka Stock Exchange (DSE)-opened the week today a mixed as its broader index witnessed a marginal fall on lower transactions.
IBBL organises workshop against money laundering
Dhaka – Islami Bank Bangladesh Limited organized a workshop on ‘Prevention of Money Laundering and Terrorist Financing’ with the participation of representatives of all scheduled banks of Barisal District on 25 November 2017 in Islami Bank Barisal Zonal Office.
Bangladesh Bank reserve heist case report deferred
Dhaka – The Chief Metropolitan Magistrate (CMM) Court of Dhaka on Wednesday deferred the date for submission of the investigation report in a case filed in connection with the alleged theft of Bangladesh Bank reserves to January 18, 2018.
IBBL Board meeting held
Dhaka – A meeting of the Board of Directors of Islami Bank Bangladesh Limited was held on 29 November 2017 Wednesday in Islami Bank Tower.
Stocks further down
Dhaka, Nov 28 – Stock markets plunged further on Tuesday with downward trends of all major indices due mainly to price fall in large-cap securities.
‘Illegal mobile banking transactions create risks’
Former Bangladesh Bank Deputy Governor Ibrahim Khaled agrees with former Governor Mohammed Farashuddin’s view that mobile banking is giving rise to corruption, bdnews24.com reported on Monday.
Peasants not food corporations feed the world
The latest edition of a report from ETC Group “Who Will Feed Us?” is a synthesis of research over several years which produces critical, much needed information to guide decision-make much-needed and agriculture. The report states that it is the…
From Gothenburg social summit to social union
On 17 November, the European Parliament, Council and Commission proclaimed a European Pillar of Social Rights in Gothenburg. The launch of the Pillar signals a cautious but steady paradigm shift, away from austerity, at least at the level of the…
UK ministers to launch post-Brexit economy plan
The government’s plan to boost UK industry ahead of the country leaving the EU is due to be launched later. The industrial strategy is aimed at lifting growth, which official forecasts suggest will slow due to the UK’s poor productivity…
Bali volcano alert raised to highest level
Fears of an imminent major eruption of Bali’s Mount Agung have increased and the evacuation zone around the volcano has been widened. Indonesian authorities have raised the state of alert to its highest level. The island’s airport has now closed,…
IBBL awarded for good corporate governance
Dhaka – Islami Bank Bangladesh Limited has been awarded for good corporate governance by the Institute of Chartered Accountants Bangladesh (ICAB).
Garment – Textile Machinery Expo begins in Capital 30 Nov
Dhaka – The BIGTEX – Bangladesh Int’l Garment& Textile Machinery Expo 2017 will be held from 30 Nov to 3 Dec at International Convention City Bashundhara – ICCB, Dhaka – Bangladesh. CTMA – China Textile Machinery Association, (organizer of ITMA…