The half yearly management conference-2011 of The Premier Bank Limited was held on Saturday at a city hotel. Dr HBM Iqbal, chairman of the board of directors of the bank graced the occasion as the chief guest. Managing director of the bank Masihul Huq Chowdhury presided over the conference. Director’s Moin Iqbal, Md. Imran Iqbal, ... Read more
Business
EBL introduces EBL 365
EBL 365, a brand new service proposition of EBL started its operation recently at New Market, Elephant Road and Uttara in the city, says a press release. This anytime banking service proposition gives flexible banking hours to its customers 24 hours a day and 365 days a year
BRAC Bank launches mobile banking service
BRAC Bank introduced a complete mobile financial service yesterday with assistance from its subsidiary company bKash Ltd. Now mobile phones will be used as bank accounts and they will also serve as wallet for transaction of money. BRAC Bank said customers will be able to receive electronic money into their bKash accounts
Traders raise gold price to nearly Tk 50,000 a vori
Local traders on Tuesday increased the price of gold by about Tk 1,166 per vori (11.66 gram) to around Tk 49,555 following the continued rise of prices on the global market. The price of 22-carat gold, which stood at around Tk 48,389 in May this year, has seen 2.41 per cent rise over the last ... Read more
BB launches online service for faster CIB report sharing
The Credit Information Bureau of Bangladesh Bank started its online credit information service from Tuesday. BB governor Atiur Rahman inaugurated the online service at a function at Ruposhi Bangla Hotel in the capital. The newly established automated CIB will provide credit related information for prospective and existing borrowers including credit history of last two
Dhaka stocks gain on GP, NBFIs surge
Dhaka stocks gained again on Tuesday with a sharp rise of share prices of two largest companies—GrameenPhone and MJLBD—and all non-bank financial institutions. The benchmark general index of Dhaka Stock Exchange, or DGEN, on the day gained 100.99 points, or 1.55 per cent, to close at 6,587.58
RanksTel set to resume service
Private landline operator RanksTel won back approval from the telecom regulator on Sunday to resume operations after a 16-month shutdown. A team of Bangladesh Telecommunication Regulatory Commission restored RanksTel’s licence and spectrum, after the operator withdrew the case it filed against the
Bangladesh Bank board opposes plan to open new banks
The board of directors of the central bank has opposed a government plan to allow more banks and financial institutions to come on the scene, saying the country does not require any new player in its financial regime. During an exclusive meeting with Finance Minister AMA Muhith on Sunday, the Bangladesh Bank board led by Governor ... Read more
ACER ICONIA all set to blaze the Bangladesh Market
Acer the second largest PC vendor in the world launched its much awaited tablets in Dhaka recently. The new range of five tablets were launched under the brand ICONIA series, a new concept device set to add a brand new tablet experience for highly intuitive all-point multi-touch functionality, which means user’s can navigate seamlessly using ... Read more
Two locally built cargo ships launched
A local company recently launched two cargo ships built at the cost of Tk 8 crore at a dockyard in Barisal for plying on river and coastal routes. The ships were built at the shipyard of Sundarban Navigation Company at Beltala on the bank of Kirtankhola River. Agrani Bank financed for the construction of the
Yunus spurs Malaysians on social business
Nobel laureate Professor Muhammad Yunus has called upon the new generation of Malaysia to put their talents and energies to solving the problems of society using their innovation, creativity, resources and technology. The microcredit pioneer made the call during the launch of the Nobel Laureate in Residence programme at the Universiti Kebangsaan Malaysia in Bangi, Selangor, ... Read more
Stocks fall Sunday on Muhith’s comments
Star Business Report Stocks declined on Sunday after an eight-day gaining streak as investors sold shares to book profits, after the finance minister indicated market manipulation might be at work again. The Dhaka Stock Exchange’s benchmark index DGEN lost 91 points, or 1.39 percent, to close at 6,486. On the port city’s bourse, the selective ... Read more
Ahsan Afzal, Badrul H Khan become AB Bank DMDs
Ahsan Afzal recently joined AB Bank Limited as deputy managing director and Badrul Haque Khan was promoted to the post of deputy managing director of the bank. Prior to joining AB Bank, Ahsan was the general manager for unsecured lending and consumer transaction banking at Standard Chartered Bank, said a news
MA Awal becomes Sonargaon Hotel director
Pan Pacific Sonargaon Dhaka promoted MA Awal to the position of director of sales and marketing from July 1. Awal, with his new position and responsibilities, became a member of the executive committee of the hotel whose role is to establish and set the trend, policies and procedures under the guidance of the general manager ... Read more
Rural internet far off: study
The rural people of Bangladesh would not get ubiquitous access to the internet in the next few years due to a lack of government stimulus in the telecom sector, according to a research jointly conducted by Alcatel-Lucent and World Economic Forum. The study said, with no stimulus, the urban population of Bangladesh may come close ... Read more
Garment makers open liaison offices in HK
Ready Made Garments Garment makers open liaison offices in HK Many Bangladeshi garment entrepreneurs are opening their liaison offices in Hong Kong to ensure easy and quick services in businesses, said the industry insiders. The RMG sector entrepreneurs are getting interested to open new offices in Hong Kong also for geographical proximity with China, the ... Read more
Garment orders may slow down
Ready Made Garments Garment orders may slow down Garment makers see a slowdown in orders from international buyers who have now taken a wait-and-see stance as the prices of raw materials are on the slide worldwide pushing the outsourcing agents to rethink about the prices they would offer. The buyers of all brands are waiting ... Read more
Al-Arafah donates solar panels in Habiganj
Al-Arafah Islami Bank yesterday distributed 25 solar panels for free among some poor families at Madhabpur in Habiganj in a bid to boost the rural economy through empowering the poor. The bank handed the panels as part of its corporate social responsibility programme. Bangladesh Bank Governor Atiur Rahman inaugurated the
Stocks pass four bullish weeks
Stocks gained for a fourth week with high turnover due to active participation of small and institutional investors and the possibility of an increased inflow of money into the market. The benchmark general index, DGEN, gained 4.22 percent or 266 points, to end the week at 6,578. The yardstick of DSE gained 13.89 percent or ... Read more
Taka continues to depreciate
Racks up inflation, intensifies pressure on BOP Taka continued to depreciate in the past week on the foreign-exchange market, ramping up the already high rate of inflation and intensifying the pressure on the country’s balance of payments. Among the major world currencies, the exchange rate of US dollar had advanced over the week from around ... Read more