News Briefs- (10-11-2017)

US-Bangla Airlines, GD Assist sign MoU

GD Assist Limited, a subsidiary of Green Delta Insurance Company Ltd. (GDIC), signed a Memorandum of Understanding (MoU) with US-Bangla Airlines, one of the leading premium airlines of Bangladesh. Under the MoU, both GD Assist and US-Bangla Airlines will promote each other through their various activities. Patients will be able to benefit from this agreement by getting the best possible fares on US-Bangla Airlines availing services through GD Assist Ltd. Syed Moinudin Ahmed, Managing Director of GD Assist Limited, and Sohail Majid, Deputy Director of US-Bangla Airlines, signed the agreement on behalf of their respective organisations.

— Statement

Meeting between bankers, SME entrepreneurs

A meeting between bankers and SME entrepreneurs was held at Amrit Lal Dey conference centre in Barisal recently, organised by the Islami Bank Bangladesh and supervised by Bangladesh Bank. Fazle Kabir, Governor of Bangladesh Bank, attended the event as the chief guest while Ahmed Kamal Khan Chowdhury, Managing director, Prime Bank, and Mohammed Monirul Moula, Deputy Managing director, Islami Bank, were present as the special guests. Md Kamruzzaman Khan, vice-president and head of SME, LankaBangla Finance, along with Md Jahidur Rahman, head of Branch, Barisal Branch, were also present. At the programme, Bangladesh Bank Governor Fazle Kabir along with Md Kamruzzaman Khan, Head of SME, LBFL, and Md Jahidur Rahman, head of Barisal Branch, handed over a disbursement cheque to LankaBangla client Sultan Hossain, proprietor of Sultan Traders.— Statement

Sensex closes high

Mumbai, Nov 9: Market consolidation continued on Thursday as the Sensex closed high after two sessions of fall, ahead of the goods and service tax (GST) council meet amid a good set of earnings from Tata Motors. Expectations that the GST Council may offer relief to some sectors through reduction in tax rates at its meeting on Friday supported the rebound, traders said. The Sensex, which had lost 512.38 points in the previous two sessions, edged up 32.12 points, or 0.10 per cent, to close at 33,250.93 after trading between 33,463.80 and 33,111.54. During the day, the benchmark swung almost 350 points (both sides). — PTI