New MD for National Bank AFM Shariful Islam has recently been appointed as the managing director of National Bank for a three-year term, the bank said in a statement yesterday. Prior to his appointment, Islam has been serving the bank as additional managing director. Islam started his career with AB
Read MoreMobile cash jumps 47.0% in January Transactions through mobile phones rose 47.7% year-on-year to BDT 167.4 billion in January thanks to increased economic activities at the grassroots level, according to Bangladesh Bank data. The amounts were BDT 113.3 billion in January last year and BDT 71.5 billion in the same
Read MoreBangladesh Bank reserves fiasco might multiply economic impacts: Dhaka Chamber of Commerce and Industry Dhaka Chamber of Commerce and Industry (DCCI) has expressed deep concern over the recent central bank’s foreign exchange reserves scam in Federal Reserve, USA, according to a statement issued yesterday. The country’s largest business body feared
Read MoreMoody’s assigns Ba3 long-term ratings to EBL Eastern Bank Limited (EBL) has been assigned Ba3 long-term ratings by the world renowned credit ratings agency-Moody. EBL is the first Bangladeshi company to get the prestigious ratings from the Agency. The sovereign country rating of Bangladesh by Moody’s is also Ba3. Moody’s
Read MoreDraft of new industrial policy gets cabinet nod The cabinet yesterday approved the draft National Industrial Policy-2016 aimed at increasing industrialization and investment in the country. Foreigners will have to double investments in Bangladesh to get Bangladeshi citizenship, according to the proposed industrial policy. Any foreigner who will invest USD
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