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economy

Risk-based internal auditing system at AIBL

20180101-AIBL Millenium Press
Al-Arafah Islami Bank Ltd (AIBL), one of the leading Islamic banks in Bangladesh has successfully implemented ‘Ababil RBIAS: Risk-Based Internal Auditing System’. Managing Director of the Bank Md. Habibur Rahman inaugurated the new launching ceremony as Chief Guest. Director Alhajj Abdul Malek Molla was present as special guest. Among others, Deputy Managing Directors of the Bank Kazi Towhidul Alam, Md. Fazlul Karim, Muhammad 20180101-AIBL Millenium PressMahmoodul Haque, S. M. Jaffar,...

Forex reserves rise to $33.2 b by Dec-end

forex
Bangladesh's foreign exchange reserves rose to $33.23 billion by the end of December, $630 million more than the previous month, the central bank said on Monday. The reserves were up nearly 3.4 percent from a year earlier, and are sufficient to cover about 10 months' worth of imports for the country of 160 million people. forexSteady garment exports and remittances from Bangladeshis working overseas - the key drivers of the country's more-than $250 billion economy - have helped foreign exchange reserves grow steadily in recen...

IBBL holds Business Review Meeting

IBBL Photo 01.01.2018
Islami Bank Bangladesh Limited (IBBL) organized a business review meeting at Islami Bank Tower on January 1, 2018 Monday. Md. Abdul Hamid Miah, Managing Director and CEO of the Bank attended the meeting as Chief Guest. Presided over by Md. Mahbub-ul-Alam, Additional Managing Director the program was addressed by Md. Habibur Rahman Bhuiyan, FCA, Abdus Sadeque Bhuiyan, Md. Shamsuzzaman, Mohammed Monirul Moula, Mohd. Mohon Miah, Mohammad Ali, Abu Reza Md. Yeahia and Taher Ahmed Chowdhury, Deputy Managing Directors and other top Executives.

New PBL Branch at Court Bazar, Rajshahi

462nd Court Bazar Branch
Pubali Bank Limited (PBL) has inaugurated its 462nd branch at Court Bazar in Rajshahi having online banking facilities with a view to provide modern banking service. Chief Guest Fazle Hossain Badsha, Member of Parliament from Rajshahi-2 and Special Guest Safiul Alam Khan 462nd Court Bazar BranchChowdhury, Additional Managing Director of Pubali Bank Ltd. formally inaugurated the branch. DGM and RM of Rajshahi region Abu Laich Md. Shamsujjaman presided over the inaugural ceremony. In his speec...

Achieving SDG 6 targets: Govt, CSOs must work together

IMG_7910
Government and Civil Society Organisations must work together to achieve the SDG 6 targets and sanitation for all - participants from around the world shared at the Watershed Annual Partner Learning Meeting 2017. Watershed - Empowering Citizens, is a five-year long policy and advocacy strengthening programme of WaterAid Bangladesh, launched early this year. WaterAid working as in-country IMG_7910lead with strategic partners - Dutch Ministry of Foreign Affairs, SIMAVI, IRC, Wetlands International and AKVO. The programme aim...

Beximco to acquire major stake of Nuvista Pharma

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Country’s leading medicine producer Beximco Pharmaceuticals Limited, today announces that it has entered into a non-binding Memorandum of Understanding (“MoU”) under which Beximco Pharma may acquire a majority shareholding (85.22%) in Nuvista Pharma, a leading pharma company in Bangladesh specializing in hormones and steroid drugs. The Proposed Acquisition, remains subject to due diligence and negotiation and completion of a definitive Sale and Purchase Agreement. It is expected that the Proposed Acquisition will be completed by the end of December 2017. Pho...
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