Browse Tag

economy

SJIBL inks MoU with Long Beach Hotel

A Memorandum of Understanding (MOU) was signed between Shahjalal Islami Bank Limited (SJIBL) and LONG BEACH HOTEL LTD (14 Kalatoli Road, Hotel Motel Zone, Cox’s Bazar) at Bank’s Head office recently. Hotel Agreement jpgUnder the Memorandum of Understanding, all employees and Debit Card Holders of Shahjalal Islami Bank Limited (SJIBL) will get 30%- 40% Discount on Room Rent. Mr. M. Mushfiqur Rahman, Senior Executive Vice President of Shahjalal Islami Bank Limited and Mr. Sharif Sadi, Head of Sales & Marketing of LONG BEACH ...

Income disparity despite economic success

Bangladesh has made great strides in expanding economic growth, extending life expectancy and cutting extreme poverty and illiteracy, yet experts warn that income disparity remains a key problem requiring urgent attention. For a first-time visitor to Dhaka, it’s hard to escape the sight of shiny imported cars jockeying for space with buses, trucks, three wheelers and other vehicles that clog the streets of the Bangladeshi capital. [caption id="attachment_19244" align="alignright" width="622"]farmers Bangladeshi farmers harvest rice on the outskirts of Dhaka, Ma...

RMB instead of US$ advised for Sino-BD trade transaction

Bankers from Bangladesh and China suggested introduction of transaction in RMB (Chinese Yuan) instead of US Dollar for International Trade between the two countries. This will help in reducing cost of production and price volatility due to changing exchange rates of US Dollar between Bangladesh and Chinese currencies. It will also save additional costs as this will involve two currencies instead of three. This was suggested by the participants during a day-long Seminar on Bangladesh China Trade Finance : Role of Banks in Kunming, China last Friday ( 21 August). A total 45 senior

Atiur urges environ friendly trade practices in SAARC

Bangladesh Bank Governor Dr. Atiur Rahman said the need of the hour is to develop socially inclusive, sustainable and environmental-friendly trade practices even as SAARC countries aim for financial integration in the region. In his special address at a roundtable on ‘SAARC Financial Integration: Progress and Prospects’ at the two-day banking conference FIBAC 2015 on Tuesday, jointly organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Banks’ Association (IBA) with Boston Consulting Group (BCG) as knowledge partners, Dr. Rahman said that the trade amongst SAARC nations is way below the desired figures. [caption id="attachment_19218" align="alignright" width="650"]

IBBL new branch at Ati Bazar, Keraniganj

Islami Bank Bangladesh Limited (IBBL) has opened its 297th branch at Ati Bazar of Keraniganj, Dhaka. [caption id="attachment_19205" align="alignright" width="540"]ATY BAZAR--03 Md. Abdus Salam, FCA, FCS, director and chairman of the risk management committee of Islami Bank Bangladesh Limited inaugurating the 297th branch of the Bank at Ati Bazar of Keraniganj, Dhaka on Tuesday (August 25, 2015) as chief guest. Mohammad Abdul Mannan, managing director, Muhammad Abul Bashar, deputy managing director, Md. Obaidul Haque, executive vice president a...

GSP not reinstated for compliance failure: Gauhar

Prime minister’s foreign affairs adviser Gauhar Rizvi said on Monday the Generalized System of Preferences, popularly known as GSP, was not reinstated due to the failure on the part of Bangladesh to meet conditions set by the US. gauhar RizveHe said this while speaking at a seminar on foreign affairs at the national defense college at Mirpur in the capital. The Bangladesh Institute of International Strategic Studies and the Bangladesh Enterprise Institute jointly organized the seminar. Gauhar said, “We have to fulfil the promises we gave...