Browse Month

June 2015

In power play with China, India to pledge billions to BD

India is likely to give Bangladesh a credit line of at least US$3.5 billion (S$4.9 billion) for infrastructure projects during Prime Minister Sheikh Hasina’s state visit next month, as Beijing and New Delhi jostle for geopolitical influence in South Asia. The credit line, which would be India’s third to its neighbour, would go towards a variety of projects ranging from nuclear and liquefied natural gas power plants to ports, railways and the establishment of special economic zones, according to a Bangladesh government document seen by Bloomberg. New Delhi and Dhaka will also sign a defence cooperation agreement and various

ICA joins IFC, others to invest $30m in power plant

IFC, a member of the World Bank Group, has brought in Japanese agency JICA to invest $30m in Sembcorp North-West Power Company, a joint venture of Sembcorp Utilities and Bangladesh‘s state-owned North-West Power Generation Company, that is building a 414MW dual-fuel combined-cycle power plant at Sirajganj, Bangladesh. The plant will significantly expand power-generation capacity in Bangladesh. JICAs $30 million is part of the total financing package of $ 165 million that includes a loan from IFCs own account as well as additional loans mobilized through partners. The total project cost is estimated at around $412 million. JICAs Senior Vice-President Kenichi Tomiyoshi said, “The project is expected to be one of the

Shovon Group inks deal with Robi

 Shovon Group of Company Limited has signed an agreement recently with the second largest mobile phone operator Robi Axiata Limited to avail corporate solution from the telecom operator at its head office at Fatullah in Narayanganj. Under this agreement, the employees of Shovon Group of Limited will enjoy special call rate, Picturecall conferencing, close user group facility, MobiReach service, handset bundles, vehicle tracking and many more value added services including internet and share my net service fr...

10pc cash dividend for IBBL shareholders

The Board of Directors of Islami Bank Bangladesh Limited recommended 10% cash dividend for the shareholders for the year 2016 subject to approval of the 34rd Annual General Meeting of the Bank. The decision came from a meeting of the board held at Islami Bank Tower on 30 March 2017, The decision came from a meeting of the board held at Islami Bank Tower on 30 March 2017, Board MeetingThursday with its Chairman Arastoo Khan in the chair. Directors from home and abroad and Md. Abdul Hamid Miah, Managing ...

IBBL observes its 34th anniversary

Islami Bank Bangladesh Limited arranged a discussion and Doa Mahfil in observance of Bank’s 34th anniversary on 30 March 2017 at Islami bank Tower. Arastoo Khan, Chairman of the Bank addressed in the program as the chief guest. Presided over Anniversary Discussion 2017by Md. Abdul Hamid Miah, Major General (Retd.) Engr. Abdul Matin, Executive Committee Chairman and Areef Suleman, Director of the Bank addressed among others. Dr. Abdus Samad, Member Secretary of Shari’ah Super...

PBL signs MoU with Rangs Electronics

A Memorandum of Understanding (MoU) between Pubali Bank Limited and Rangs Electronics Ltd. has been signed today at bank’s Head Office. Md. Abdul Halim Chowdhury, Managing Director & CEO; Safiul Alam Khan Chowdhury, Additional Managing Director and Mohammad MoU with RangsAli, Deputy Managing Director & Chief Technical Officer of Pubali Bank Ltd. were present at the MoU signing ceremony. Kazi Ashfaq-Ur-Rahman, DGM & Head of Cards; Halima Khatoon, DGM of Pubali Bank Limited and Md. Sarwar Jahan Chowdh...