DHAKA: The Premier Bank Limited recently signed an agreement with Jamuna Resorts Ltd. Under this agreement, Premier Bank Debit card & Credit card Customers will get 25% to 30% discount on accommodation at the resort.
Asif Zaman Head of HRD of Premier Bank Ltd. and A. N. M Shajahan, General Manager, Jamuna Resorts Ltd signed the agreement for their respective organizations. K.A.M. Majedur Rahman, Managing Director & CEO of Premier Bank Ltd, Brig. General Gazi Ashraf Uddin Ahmed, PSC(Rtd.) CEO of Jamuna Resorts Ltd, Dewan Anwarul Latif, Deputy Managing Director of Premier Bank and Mohammad Emtiaz Uddin, Head of Corporate Banking along with other Senior officials of the both organizations were present at the signing ceremony.
The Premier Bank Limited Vision is to continue with integrity, quality and exceptional service we aim to be the financial service provider of first choice.
The Premier Bank Limited Mission is to efficiently increase value for our customers, shareholders, employees and communities.
The Premier Bank Limited Mission is to provide the highest level of customer service, satisfaction and personalized financial solutions through knowledgeable team members, efficient teamwork and technological advancements while striving for innovative and creative ways to improve procedures and implement products. Mission is to always be mindful of the fact that our greatest assets is the trust and loyalty of our customers and that our future depends upon our reputation for honesty and fairness.
At Jamuna Resort you can feel the rich and exotic atmosphere of the tropics and the might of the legendary river Jamuna. When you enter the place you will naturally feel the new concept of warmth hospitality, luxury and comfort.
Nestled by the Mythological Jamuna River (Bramaputra) the Jamuna Resort is captivating with stunning views of the Bridge and the breath-taking landscape. Experience the Gamut of activities and cultural events (indoor and outdoor) that reflects the Bangladesh’s Cultural diversity.

After rescheduling twice, Bangladesh Bank (BB) is now set to unveil today its flagship monetary policy statement (MPS) for the rest six months of the current 2014-15 financial, reports BSS.
Like previous years, the governor will announce the MPS at a press conference at the central bank headquarters in the capital at 2 pm. The central bank's chief economist Biru Paksha Paul earlier told the news agency that the MPS would be announced on January 29, but the schedule was changed to January 28 before re-fixing it to its original schedule.
While announcing the MPS for the first half of the current 2014-15 financial year (FY15) on July 26 last year, the governor was cushioned with the already restored political, economic and social stability by the newly elected government under the leadership of Prime Minister Sheikh Hasina. 
The current macro-economic situation has so far remained largely favourable to BB for announcing a monetary policy stance in line with the previous ones. The rate of inflation, which is the major objective of the BB's policy stance, came down to 25-month low at 6.11 per cent in December, very close the target, set out in the last MPS. The last MPS targeted bringing the average inflation down to 6.5 per cent by June 2015, with ensuring that credit supply to private sector stimulates inclusive economic growth. 
The emerging downside risks from the ongoing political violence, however, warrant a contingency plan from Rahman who was recently honoured with the prestigious "Central Banker of the Year 2015" for the Asia-Pacific region by the London-based magazine The Banker.
The governor already pointed out the downside risk factors on different occasions. He told a conference of the BB's general managers on Sunday that the political violence would hinder the economic progress. He said the political trouble began when the investment trend was regaining, with import-export, remittance and foreign exchange reserve surging coupled with low rate of inflation.
Despite the recent risk factors, the governor will be comforted by the strong trend in the economy, which already achieved a 6.12 per cent growth rate against all political odds when the per capita income rose from $1044 in 2013-14 financial year (FY14) to $1190 in FY15.
In the last MPS, BB expected 6.2 to 6.5 per cent growth of GDP (gross domestic product) in the end of FY15 provided that there would be no disruption to the economy.

Beximco Pharmaceuticals will borrow about $51.6 million from Frankfurt-based BHF-Bank Aktiengesellshaft to expand its production.

The local drug maker, a unit of business conglomerate Beximco Group, struck a loan deal with the German bank, according to a posting on the Dhaka Stock Exchange website yesterday.

Beximco Pharma has also received approval from the Board of Investment of Bangladesh to raise the fund, which will be utilised to partially finance a new plant and machinery purchase.

The loan will come at an interest rate of 2.25 percent a year in addition to Libor (London interbank offered rate), which is lower than the local interest rate. The loan will be guaranteed by Hamburg-based Euler Hermes, a German export credit agency.

“The loan, which is secured on the plant and machinery being purchased, will be drawn down in four tranches,” Beximco Pharma said. Repayment will be made over five years in 10 semi-annual installments.

The loan will have a significant impact on Beximco Pharma's balance sheet, BRAC-EPL Stock Brokerage said in an analysis.

As of September 30 last year, the company's total interest bearing debt was Tk 480 crore. Its debt-to-equity ratio -- a measure of financial leverage -- was 23.5 percent.

The foreign loans will nearly double the gearing of the company and lower the cost of debt significantly, BRAC-EPL said.

Over the past four years, the cost of debt averaged 16.1 percent while debt-to-equity averaged 22.7 percent. “The new loan, financed at a low single digit rate, will sharply reduce the financing cost of the company. Both a lower cost of debt and higher debt ratio will lower the weighted average cost of capital of Beximco Pharma,” it said.

Beximco Pharma has yielded a very low return on capital over the years, it added. “Return on invested capital has been only 7.5 percent on average in the past three years.

The low return is evident in the multiple in which the stock is trading in the market,” BRAC-EPL said.

Beximco Pharma's net profit rose to Tk 115 crore in the nine months through September last year from Tk 108 crore in the same period the previous year.

Each share of the drug maker listed in the stockmarket in 1986 traded between Tk 57 and Tk 58.6, before closing at Tk 57.3 on the Dhaka bourse yesterday.

BB releases monetary policy statement today

The government received a record $3bn worth of foreign aid in the last fiscal year following a significant rise in disbursement by the World Bank and China