Amulya Kumar Debnath, Director General, CPTU, Planning Commission, and AMM Farhad, Deputy Managing Director of SIBL, exchange documents after signing an MoU for e-GP payment service in Dhaka recently.

Social Islami Bank Limited signed a Memorandum of Understanding (MoU) with Central Procurement Technical Unit (CPTU), Ministry of Planning recently for e-GP payment service.

Amulya Kumar Debnath, Director General, CPTU, Planning Commission and AMM Farhad, Deputy Managing Director of SIBL signed the MoU on behalf of their respective organizations, said a press release.

Among others, Md. Aziz Taher Khan, Director, CPTU, Ministry Planning and Md. Sultan Badsha, Senior Vice President and Head of IT of SIBl were present.

Plastic goods manufacturers would get soft loans at low interest rate to develop products having potentials at home and abroad.

SME Foundation, an independent and non-profit organisation, will provide 177 clusters of small and medium enterprises in the city and its adjacent areas with collateral-free loans of Tk3 crore at 9% interest under a programme styled “Cluster Mapping.”

Managing director of the foundation Engr Syed Md Ihsanul Karim and IDLC Finance Ltd Managing Director Selim RF Hussain signed an agreement on the lending programme for their respective organisations in Dhaka yesterday.

Lalbag, Chalkbazar, Islambag and adjacent areas of Dhaka district will come under the cluster. After a need assessment programnme, the foundation found access to finance is the main bottleneck for the micro and small entrepreneurs of these areas.

There are around 3,000 small, medium and large entrepreneurs who provide more than one lakh jobs.  Over 150 types of plastic products like household goods, toys, raw materials for different industries and bottles are being manufactured in the country.

Plastic products currently represent a sizeable sub-sector in the chemical industry.

But most of the manufacturers are suffering from lack of infrastructure support; waste management and recycling facility; and skilled manpower.

According to the Economic and Social Commission for Asia and the Pacific (ESCAP) of the United Nations launched in 2012, the market size of plastic products is around US$1bn - $714m in the domestic market and the remaining in the global market.

Local producers exported plastic products worth US$38m in the first six months of the current fiscal year, according to Export Promotion Bureau.

Plastic products are used in different purposes such as packaging, construction, pharmaceutical and consumer products.

Garbage bags, toothbrushes, artificial flowers, ballpoint pens, PVC (polyvinyl chloride) pipes, polythene sheets, electric switches and computer accessories are also being made up of plastic.

News:Dhaka Tribun/14-Jan-2014

A two-week long training course on ‘Credit Risk Management’ organised by National Bank Limited began at the bank’s training institute recently.

Some 35 officers from 13th batch working in the credit divisions of the head office and credit desks in different branches throughout the country are participating in the course, said a press release.

S M Jaffar, Deputy Managing Director of the bank was present in the inaugural ceremony as chief guest.

Md. Majibur Rahman, Principal, Hari Narayan Das and Zahiruddin Mohd Babar, Senior Faculty members of the institute were also present on the occasion.

News:Daily Sun/15-Jan-2014

Al-Arafah Islami Bank Limited distributed blankets among the cold-hit distressed people across the country.

Md. Mofazzal Hossain, Deputy Managing Director of the bank inaugurated the blanket distribution programme recently, said a press release.

Konapara branch of the bank organised the programme.

Md. Mahbub Alam, Vice President and Manager of the branch, Md. Majibar Rahman, SVP and Head of AIBL Dhaka (South) were present on the occasion.

As part of its Corporate Social Responsibility (CSR), the bank will provide more than 5,000 blankets to the poor of 23 districts of the country.

News:Daily Sun/15-Jan-2014

NRB Global Bank Limited has launched live operations of SWIFT for all trade and finance related communications.

Nazim Chowdhury, Chairman of the bank inaugurated the operations as chief guest at a function on Sunday, said a press release.

Md. Abdul Quddus, Managing Director, R Q M Forkan, Deputy Managing Director, Kazi Mashiur Rahman Jayhad, Senior Executive Vice President, J Q M Habibullah, Company Secretary and Head of HR of NRB Global Bank and Shahudul Haque, Managing Director, SYSCOM, Mahfuzul Huq, General Manager, SYSCOM were also present on the occasion.

News:Daily Sun/15-Jan-2014