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economy

FX reserves hit record $ 27.49b at year end

Bangladesh’s foreign exchange reserves hit a record $27.49 billion at the end of December, the central bank said on Sunday, fuelled by steady exports and remittances. The slower pace of import growth, on the back of a fall in global commodities prices, also helped boost reserves forexabout 23 percent over the corresponding period of last year. The reserves are sufficient to cover seven months of imports. Bangladesh’s exports in July-November, the first five months of the current financial year, rose 6.7 percent from a year earlier to $12.88 billion, le...

AIBL donates for CC cameras

Al-Arafah Islami Bank Limited (AIBL) has donated Tk.12.5 lac for setting CCTV at Gulshan-Banani residential area of Dhaka city. Anisul Haque, Mayor, Dhaka North City Corporation received the cheque on behalf of Law and Order 20160103_AIBL_CSR_DCC_PressCoordination Committee of Dhaka Metropoliton Police (DMP) from Md. Habibur Rahman, Managing Director of the Bank at a function on January 03, 2016 at Dhaka North City Corporation office. Alhajj Abdul Malek Mollah, Director of the Bank and Md. Mofazzel Hossain, Comp...

BIAC signs MoU with Summit Alliance

Bangladesh International Arbitration Centre (BIAC) signed a Memorandum of Understanding (MoU) with Summit Alliance Port Ltd. for resolution of commercial dispute using ADR methods. The Signing Ceremony was held on last Thursday at the Corporate Office of Summit Centre in Kawran Bazar, Dhaka. Press Email 1Mr. Muhammad A. (Rumee) Ali, Chief Executive Officer, BIAC and Syed Fazlul Haque FCA, Director, Summit Alliance Port Ltd. signed the MoU on behalf of their respective organisations. Mr. Mahbubur Rahman, Chairman BIAC and Syed Ali Jowher Rizvi...

New ICAB President takes over charge

ICAB outgoing president Masih Malik Chowdhury FCA   greets Kamrul Abedin FCA, new President with flower bouquet at a formal ceremony on Thursday, 31 December 2015 at ICAB Auditorium. Hand over take over ICAB Vice Presidents Md Shaifur Rahman Mazumder FCA, Mahmudul Hasan Khusru FCA outgoing Vice President Nasim Anwar FCA, and Secretary AKM Rahmat Ullah FCA seen in the Picture.  

IBBL business review meeting held

Islami Bank Bangladesh Limited (IBBL0 organized a business review meeting at Mohammad Younus Auditorium of Islami Bank Tower on January 2, 2016 Saturday. Engr. Mustafa Anwar, Chairman of the bank attended the meeting as chief guest. Presided over by Mohammad Abdul Mannan, Managing PRESS---01   ( 02-01-16)Director of the Bank, the meeting was addressed by Muhammad Abul Bashar, Md. Habibur Rahman Bhuiyan, FCA, Md. Mahbub-ul-Alam and Abdus Sadeque Bhuiyan, Deputy Managing Directors of the bank among others. Engr. Mustafa Anwar said in...

Bank Asia provides scholarship in Munshigonj

As a part of its corporate social responsibility, Bank Asia has provided higher studies scholarship to 41 meritorious students of Sirajdikhan, Malkhanagor, Baligaon, Nimtola in Munshigonj and Kolatia of Keranigonj and Agla Bazar and Paragram of Nababgonj Upazila in Dhaka district on Friday (1 January, 2016). Mr. A. Rouf Chowdhury, Chairman of the Bank handed over the scholarship money to the students at a function held at Malkhanagor College premises in Sirajdikhan Upazila. Vice Chairman of Rangs Group Mr. Amanullah Chowdhury, Chairman of the Board Executive