Prospective founding members of the China-led Asian Infrastructure Investment Bank will hold a three-day meeting in Singapore this week to discuss policies, the city-state’s finance ministry said Tuesday.
The fifth chief negotiators’ meeting on establishing the AIIB will begin on Wednesday and involve its 57 prospective founding members, the ministry said in a statement.
It will be co-chaired by Shi Yaobin, China’s vice minister of finance, and Yee Ping Yi, deputy secretary of Singapore’s finance ministry.
‘The meeting will discuss the draft articles of agreement and operational policies for
the AIIB,’ it said, without providing further details.
Japan and the United States were the biggest standouts earlier this year when China began courting members for the AIIB, which some analysts see as a vehicle to expand its economic influence.
Washington led a high-profile, and ultimately unsuccessful, attempt to dissuade allies like Britain and Germany from taking part.
US president Barack Obama and Japan’s prime minister Shinzo Abe said last month they did not oppose the bank, but stressed it needs high standards and transparency.
Critics have said the bank will not demand the same governance and environmental standards imposed by other international bodies, such as the US-based International Monetary Fund and World Bank, and the Japan-led Asian Development Bank.
But supporters say fears of undue Chinese influence are overblown, and participation by more than 50 countries will dilute Beijing’s power.
The announcement of the Singapore meeting came amid reports earlier Tuesday that Japan will later this week announce a $100 billion plan to invest in roads, bridges and other building projects in Asia, a sum in line with the AIIB’s expected capital.
Banking
NBL holds annual managers’ conference
Annual Managers’ Conference-2015 of Sylhet Region of National Bank Limited held at regional office, Sylhet on Friday (May 15, 2015), reports a press release. Shamsul Huda Khan, Managing Director and CEO of National Bank Limited inaugurated the conference as the Chief Guest. Md. Badiul Alam, Additional Managing Director of the bank was present on the conference as special guest.
Shamsul Huda Khan, Managing Director of the Bank in his speech expressed his gratitude to the Board of Directors and thanked the Managers and Executives for the success. He urged upon the Managers and Executives of the Bank for concerted efforts for the improvement of credit risk and credit Management for enhancement of profitability of the Bank.
To hold the top position of the banking sector, NBL must increase their client service and proper use of its human resources, he also added. High officials and managers of the 18 (Eighteen) branches of Sylhet region were also participated in this conference.
37 DU students get scholarship
DHAKA : A total of 37 students from different disciplines of Dhaka University (DU) yesterday received IFIC Bank Trust Fund scholarships for their outstanding academic results, reports BSS.
Besides, seven young teachers and other three meritorious students have received IFIC Bank research grants for their research activities.
Bangladesh Bank (BB) Governor Prof Atiur Rahman distributed the research grants and scholarships among the awardees as chief guest at a function at the Nabab Nawab Ali Chowdhury Senate Bhaban of the university.
Dhaka University Vice-Chancellor Prof AAMS Arefin Siddique presided over the function while Treasurer Prof Md Kamal Uddin and IFIC Bank Managing Director Shah A Sarwar addressed it as special guests.
Prof Atiur Rahman said skilled manpower is a must for development of socio-economic condition in a country while proper education can help to produce skilled human resources.
Therefore, we have to invest more funds in the education sector, he added.
The BB governor urged the corporate houses including banking sector to come forward with helping hands to develop education and research at the universities.
While speaking, the DU Vice-Chancellor Prof AAMS Arefin Siddique called upon the teachers, students and researchers to work together for up-grading university education into international standard.
He also urged the various bank authorities to provide financial support to meritorious students to make them as global standard graduates.
The recipients of IFIC Bank research grants are Associate Prof Md Shafiqul Islam, Lecturer Md Fazlul Hoque and Lecturer Mohammad Monzur Hossain Khan (Nuclear Engineering), Lecturer Ishrat Ferdous, Lecturer S.M. Kamrul Hasan and Lecturer Md Shakhawat Hossain and Lecturer Dewan Md Anamul Hoque (Disaster Science & Management).
The recipients of IFIC Bank Trust Fund Scholarships are Md Mahmudur Rahman Khan, K.M. Azam Chowdhury and Mohammad Shahinoor Rahman (Oceanography), Ripon Bishas, Sanjoy Sarker, Zubiur Syed, Habibur Rahman, Md Zafar Dewan, Md Hossain Shadat, Md Iqbal Hossain, Asfaqur Rahman, Md Kowshar Hamid, A.B.S. Manik Munshi, Md Sabbir Hossain, Suranjana Shaha, Syfur Rahman, Ruhania Tarannum, Busra Nafreen Sattar, Tarique Mohammad Salman, Md Abu Baker Talukder and Mohammad Pabel Kabir (Nuclear Engineering). Humayun Kabir, Md Tarequr Rahman, Shanta Islam and Maksuda Gazi (Banking & Insurance), Mahbubul Haque, Rojina Akter, Rafiqul Islam Rubel and Amena Khatun (Management Information Systems), Md Reyad-ul-Islam, Amena Akter, Md Biplob Hossain and Farjana Nasreen (International Business), Abul Kalam Azad, Abu Syed, Ismat Jahan and Farjana Akter (Tourism & Hospitality Management).
Besides, Md Masud-ul-Alam, Synthia Towhidi and Abdullah-Al-Hasan (Oceanography) have received IFIC Bank research grants.
AIIB members to meet in Singapore
Agence France-Presse . Singapore
Banks asked not to force female staff to stay at office after 6pm
They must pay female staff for working overtime in case of emergency
Two female officials of a state-owned bank are seen at a branch of the bank in the capital recently. Bangladesh Bank on Tuesday asked the scheduled banks to improve working conditions for their female staff.
The central bank on Tuesday asked the scheduled banks to improve working conditions for their female staff, ensuring that they are not held back at the office after 6pm, and if, for any emergency, they are detained beyond the usual office hours they must be paid overtime allowance. The BB asked the banks not to force the female staff to stay after closing the daily work of the branches at 6pm under any circumstances, considering their security. The banks have to issue internal circular in this regard as soon as possible, according to the central bank directives. A BB official told New Age on Tuesday that the central bank had taken the decisions at a quarterly meeting of the bankers held on April 30 at the BB headquarters in the capital. The BB sent the minutes of the bankers’ meeting to managing directors and chief executive officers of all banks on Tuesday attaching the directives about the female staff to ensure their security and protect them against gender harassment, he said. After receiving the minutes of the bankers’ meeting, the managements of the banks have to issue internal circular to implement the directives. The banks have to pay overtime allowances to their female staff if any one of them has to stay back at the branch due to special necessity of the bank after 6pm, the BB directives said. The central bank found allegations that female officials of the banks were facing gender harassment as managements of the banks detained them till 7pm to 8pm after closing the daily work of the branches, often without any valid reasons, the BB official said. The female staff of the banks suffer from a lack of security when they go home in the evening due to their overtime duty, he pointed out. The central bank in its directives also advised the banks to close their branches at 6pm to save the electricity which would also give relief to the male staff from unnecessary overtime duty. The BB officials warned that the central bank would take punitive measures against the banks if they put extra pressure on their female officials. The central bank also asked the banks to recruit more female staff by developing the work environment for women, according to the directives. The banks have been asked to take measures to appoint at least one female staff as deputy managing director. The BB also asked the banks not to impose extra pressure on their officials to collect deposits from the clients. The clients are deprived of getting adequate services from the banks as the officers are busy to collect deposits to increase the banks’ profit, the BB minutes of the bankers’ meeting said. Unhealthy competition among the banks has increased in recent times with proliferation of new banks in the private sector and there has been a rat race among banks to collect more deposits from the clients by imposing extra-burden on their officials. The BB asked the banks not to give excess target to their officials to collect deposits, the central bank officials said.
News:New Age/20-May-2015Mutual Trust Bank Limited (MTB)
Mutual Trust Bank Limited (MTB) recently signed an agreement with Galaxy Healthcare Services at MTB Centre, the bank's Corporate Head Office in Gulshan, Dhaka. Under this agreement, all MTB Privilege customers will enjoy specialized healthcare facilities in Singapore, India and Malaysia.
News:Financial Express/19-May-2015