NCC Bank risk management committee Chairman Md Nurun Newaz Salim presides over a meeting at its boardroom at NCC Bank Bhaban in the capital recently.

NCC Bank Limited organised a meeting of the risk management committee of the bank at its boardroom at NCC Bank Bhaban in the city recently.

  Chairman of the risk management committee of the bank Md Nurun Newaz Salim presided over the meeting, said a press release.

Members of the committee Abdus Salam, SM Abu Mohsin, Yakub Ali Montu and Managing Director and CEO (CC) Mosleh Uddin Ahmed attended the meeting.

Islami Bank Bangladesh Chairman Arastoo Khan presides over a discussion on ‘Role of Ramadan in Attaining Taqwah’ at a hotel in the capital on Thursday.

Islami Bank Bangladesh Limited organised a discussion on ‘Role of Ramadan in Attaining Taqwah’ at a hotel in the capital on Thursday.

Chairman of the bank Arastoo Khan presided over the programme while shariah supervisory committee Member Dr.Mohammad Manzur-E-Elahi presented the key-note paper, said a press release.

Islami Bank shariah supervisory committee Vice-Chairman Mufti Sayed Ahmed discussed on the topic. Islami Bank Vice-Chairman Md. Shahabuddin, Islami Bank Foundation Chairman Sayed Manjurul Islam and Islami Bank Executive Committee Chairman Major Gen (Retd.) Engr Abdul Matin addressed the function.

Islami Bank Managing Director and CEO Md Abdul Hamid Miah delivered the welcome speech. Judges, diplomats, senior lawyers, other directors of the bank, industrialists, businesspersons, senior bankers, journalists, intellectuals, educationists, ulema and social elites attended the programme.

Asian development bank is set to lend $300 million to Bangladesh for the construction of Chittagong-Cox's Bazar Railway Line.

To this end, two separate agreements will be signed between Bangladesh government and ADB on June 21, said an official of Economic Relations Division (ERD) to state-owned BSS on Saturday. 

The government is set to sign two separate loan agreements on June 21 for construction of Chittagong-Cox's Bazar Railway Line.

Acting Secretary of Economic Relations Division (ERD) Kazi Shafiqul Azam and Country Director of ADB Kazuhiko Higuchi would sign the deal on behalf of their respective sides. 

The objective of the project, Phase-1-Tranche-1under South Asia Sub-regional Economic Cooperation (SASEC), is to construct the Single Line Dual Gauge (DG) Railway Track from Chittagong to Cox's Bazar via Ramu to Gundum in Myanmar, the official said.

Rail connectivity to Cox's Bazar will boost tourism as Dhaka's passengers will be able to reach the coastal resort city in only six hours - four hours faster than the current quickest route by road. 

Even the journey from Kolkata will be only a matter of 16 hours, added the official. 

He said the new link will also form part of the Trans-Asian Rail Route connecting Bangladesh to other regional neighbours including China, Myanmar and Thailand.

The government has also marked the Chittagong-Cox's Bazar Rail-Line Project as a fast-track project. The rail link will connect to Myanmar via Teknaf's Gundum border. 

The line will begin at Dohazari village of Chittagong and extend southwards to Xilongxa of Cox's Bazar through seven upazilas: Chandanaish, Satkania and Lohagara of Chittagong; and Chakaria, Cox's Bazar Sadar, Ramu and Ukhia of Cox's Bazar, according to project documents.

The Economic and Social Commission for Asia and the Pacific (ESCAP) took initiative to introduce Trans Asian Railway Network to improve the communication system among the countries of Asia and Europe. 

The southern corridor of the Trans-Asian Railway is one of three Asia-Europe rail land bridges studied by ESCAP as part of the Asian Land Transport Infrastructure Development (ALTID) project which was endorsed by the 48th ESCAP Commission Session in Beijing in April 1992. 

Bangladesh is connecting through Southern Corridor of TAR.

Overnight rate of Dhaka Inter-Bank Offer Rate (DIBOR) was 3.8687 per cent at the end of last week.

Thus, this week’s inter-bank transaction in Dhaka has opened with this overnight rate

Bangladesh Foreign Exchange Dealer's Association (BAFEDA) releases different rates of DIBOR every working day.

In the last working day or Thursday (June 15, 2017), one week DIBOR rate was 4.2687 per cent, while one-month rate was 5.0771 per cent and three-month rate was 6.5583 per cent.

Barrister Sheikh Fazle Noor Taposh MP, EC Chairman of Modhumoti Bank Limited, presiding over the 58th meeting at the banks head office in the city on Thursday. Md Shafiul Azam, Managing Director of the bank, Mohammad Ismail Hossain, Managing Director of S