Nov 22
Daily News Head Line
Tamabil Land Port inaugurated in Sylhet PDF Print E-mail

Much-awaited Tamabil Land Port was inaugurated today along Gowainghat border in Sylhet which is expected to boost country’s business with Indian states of Meghalaya, Tripura, Nagaland and Assam.

Finance Minister AMA Muhith and Shipping Minister Shajahan Khan inaugurated official activities of the port at 12:00pm in Tamabil of Gowainghat upazila in the district.

Abrar raises benchmark for Bangladeshi bankers PDF Print E-mail

Banks will have to put in place the right strategies, IT infrastructure and skilled employees to protect themselves from cyber and money laundering risks, said the outgoing head of Standard Chartered Bangladesh.

“Cyber, money laundering and terrorist financing risks pose greater challenges for banks,” said Abrar A Anwar, the chief executive officer for the Bangladesh operations of the London-based bank.

The risks take a toll on credibility and dent the customers' confidence in banks.

“If a bank can't get US dollar clearing in New York or loses the correspondence banking relationship, it will be quite devastating. Then the bank will lose its ability to participate in international trade.”

Internet slow due to submarine cable work PDF Print E-mail

Internet users in Bangladesh have been experiencing a slow internet due to maintenance work on a first submarine cable in the Bay of Bengal.

The country's first undersea cable, SEA-ME-WE-4, has been shut down at 12:30am today and will remain closed for next two days more, Md Mashiur Rahman, managing director of Bangladesh Submarine Cable Company Ltd (BSCCL), told The Daily Star.

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The Department of Patents, Designs and Trademarks has given go-ahead to 66 Jamdani weavers to use geographical indication tags to market and brand the traditional fabric at home and abroad.

Geographical indication (GI) is a name or sign used on products to certify that it possesses certain qualities for being made as per traditional methods or enjoy a certain reputation due to its geographical origin.

“We think the Jamdani weavers will get better prices for their produce thanks to the opportunity to market the fabric as a GI product of Bangladesh,” said Md Sanowar Hossain, registrar of the patents department under the industries ministry.

Islami Bank lending aggressively PDF Print E-mail

Islami Bank's new management has taken on a spirited approach to lending, with its loan-deposit ratio sitting dangerously close to the limit of 90 percent set by the central bank.

The new management took over at the beginning of the year, and in the following seven months, the bank's loan-deposit ratio surged 3.54 percentage points to 89.97 percent, according to data from the Bangladesh Bank.


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