4:16 am - Monday May 29, 2017
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Govt plans to speed up rice imports in wake of flooding

pariza rice panicle
The government of Bangladesh will speed up plans to import rice that it brought in to build reserves and rein in local prices after flash floods hit domestic output, government officials said on Thursday. As part of that, a Bangladeshi delegation is now in Vietnam to finalize imports of the staple grain in a government-to-government deal, said a procurement official, declining to be pariza rice panicleidentified as he was not authorized to speak with media. He did not give further details on the transacti...

IBBL Sylhet Zone holds Business Development Confce

IBBL Syl_BDC
Business Development Conference of Sylhet Zone of Islami Bank Bangladesh Limited (IBBL) was held at The Palace Resort, Habigonj on 26 May 2017, Friday. Md. Abdul Hamid Miah, Managing Director & CEO of the Bank addressed the program as the chief guest. Mohammed Monirul Moula and Abu Reza Md. Yeahia, Deputy Managing Directors, IBBL Syl_BDCMd. Shafiqur Rahman and Zafar Alam, Executive Vice Presidents addressed the program as special guests. Muhammad Sayeed Ullah, Senior Vice President & Head of Sylhet Zone pre...

Agent Banking program at Bank Asia

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Mr. Md. Arfan Ali, President & Managing Director of Bank Asia poses with the participants of a program titled “Agent Banking Activities and Operational Procedures” held at Bank Asia Institute for Training & Development (BAITD), Lalmatia, Dhaka today (Thursday, May 25, 2017). IMG_9278Mr. Md. Azharul Islam, Vice President (VP) & Head of BAITD, Mr. Md. Ahsan Ul Alam,VP & Head of Agent Banking Division, Mr. Golam Gaffar Imtiaz Chowdhury, VP & Head of Lalmatia Branch, Mr. Sujit Kumer Sen, AVP (BAITD) and Mr....

Challenges in achieving higher growth

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Bangladesh faces formidable challenges in moving to a higher growth path of 8 percent plus GDP to become a middle income country. The foremost challenge lies with the stagnant private investment followed by weak institutional capacity to implement development projects. To achieve its goal of middle-income country status by 2021 and to accelerate inclusive growth as well as reduce poverty and income inequality, the country will require a substantial increase in yearly investments from 29.0% of GDP in FY2015 to 34.4% of GDP by FY2020, said ICC Bangladesh President Mahbubur Rahman while presenting the Executive Board Report at the ICC Bangladesh Annual Council held in Dhaka on Thursday (25 May). Bangladesh economy embraces 2017 with some other challenges that include declining remittanc...

Robi counts Tk 1.7b loss due to merger-related costs

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Merger-related costs have forced Robi to incur a hefty loss of BDT 1.7bn at the end of Q 1 2017. The high taxation regime coupled with heavy investment demands is putting tremendous strain on the company’s cost structure, discouraging sustained investment. Although the network integration work is going on smoothly, the absence of tech-neutrality facility is making it difficult to ensure expected Quality of Service. YoY PERFORMANCE (Q1 17 vs Q1 16) After successful completion of Robi-Airtel merger in November 2016, year 2017 started with an expectation to provide best customer service in the country. Meeting the expectation, Robi

Training on market product, financial instrument at CSE

CSE
Chittagong Stock Exchange Limited arranged an in-house training program on May 25, 2017 at their conference hall on Stock Market Product and Financial Instrument for their Executives to enhance the skill development. In the inaugural session Mr. M. Shaifur Rahman Mazumdar, FCA, FCMA, Managing Director, CSE urged “For the rapid development of capital market we CSEhave to ensure sustainable growth of capital market” The in-house training program jointly organized by Chittagong Stock Exchange Limited and City Bank Capital, the investme...