Feb 24
Daily News Head Line
Private sector credit demand buoyant PDF Print E-mail

Private sector credit growth stood at 17.8 percent in September in continuation of the high growth registered in the last few months due to increased demand for credit from the business community.

Although the growth in September was 0.04 percentage points lower than a month earlier, the figure is still well above the target of 16.2 percent set in the monetary policy for the first half of the fiscal year.

Naser Ezaz Bijoy, new CEO of StanChart Bangladesh PDF Print E-mail

Naser Ezaz Bijoy has recently been appointed as CEO of Standard Chartered Bank Bangladesh with effect from November 7.

Prior to the appointment, he was the head for global banking, the bank said in a statement yesterday.

Treble spending on infrastructure PDF Print E-mail

Bangladesh needs to increase allocation for infrastructure development by more than 3.5 times from its current annual spending of $3.5 billion if it wants to benefit from regional and international connectivity, experts said yesterday.

The idea that only the government should develop and maintain the infrastructure needs to be changed.

“The private sector should also participate in the development of infrastructure,” said Syed Afsor H Uddin, chief executive officer of PPP (public-private partnership) Office.

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.”


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