Business

Potato export to Russia starts this year: Agri Minister

The Minister of Agriculture Md. Abdur Razzque has said that the export of potatoes to Russia will resume this year. Before Russia's ban on potato exports, many potatoes were exported from the country. Recently, as Russia has lifted the ban, the initiative to export potatoes has been taken a...

Business

Smart Technologies inks MOU with Sonali Bank

Smart Technologies (BD) Limited has completed a data center agreement with Sonali Bank. The signing of this agreement was held at Sonali Bank's head office on January 31. According to the agreement, Smart Technologies will supply the hardware for setting up Sonali Bank's data center. Additio...

Business

MetLife Bangladesh policy holders receive Tk 2,548 crore

Policy holders of MetLife Bangladesh received 2,548 Crore Taka from their insurance policies in 2022. This amount includes the amount received from maturity and partial maturity, and claims from loss of life and medical expenses. MetLife Bangladesh has enabled online claims submission plat...

Business

Robi’s r-ventures 3.0 moves to semi-final round

r-ventures 3.0, Robi’s flagship digital entrepreneurship program has selected the top 25 ideas for the semi-final round. Interestingly, 40 percent of the founders of these 25 ideas are females, making r-ventures 3.0 an inclusive platform to promote diversity in the country’s fast growing...

Business

Habibur Rahman new Managing Director & CEO of Standard Bank

Md. Habibur Rahman has recently joined Standard Bank Limited as the Managing Director & CEO. Prior to this new assignment, he served Union Bank Limited and Southeast Bank Limited as Additional Managing Director as well as NCC Bank Limited and Jamuna Bank Ltd as Deputy Managing Director.Upon comp...

Business

Bengal Commercial Bank opens sub-branch at Rampura

Bengal Commercial Bank (BGCB) has officially inaugurated a sub-branch at Rampura in Dhaka.Md Shahabuddin, director and chairman of the executive committee inaugurated the sub-branch officially on February 1.Tarik Morshed, managing director and CEO of the bank presided over the ceremony, said a press...

Business

Dhaka Bank signs agreement with ULAB for collecting tuition fees

Dhaka Bank Limited signed an agreement for tuition fees collection with University of Liberal Arts Bangladesh recently.The  agreement was signed by Emranul Huq, managing director & CEO of Dhaka Bank Limited and Professor Imran Rahman, vice chancellor of University of Liberal Arts Bangladesh...

Business

FSIBL holds annual business development conference

The Annual Business Development Conference-2023 of First Security Islami Bank Ltd. held on Saturday at Radisson Blu Dhaka Water Garden.Syed Waseque Md. Ali, Managing Director of the bank presided over the conference. Abdul Aziz and Muhammad Mustafa Khair, Additional Managing Director(s), Md. Zahurul...

Business

Bangladesh, Taiwan can thrive in apparel sector together: BGMEA

Bangladesh and Taiwan have a great potential to complement each other for ensuring development in the apparel and textile industries of both countries, Faruque Hassan, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), has said.Hassan made the observation when a delegat...

Business

IDCOL finances 2.40mwp rooftop solar project

Janata Jute Mills Ltd, a concern of Akij Group, has implemented a 2.40 MWp rooftop solar project at Boalmari, Faridpur. Infrastructure Development Company Ltd (IDCOL) provided concessionary loan and technical support for implementing the project, said a press release.The project was inaugurated...

Business

Govt will do everything necessary for agricultural development

With a view to achieving the Sustainable Development Goal (SDG) of ensuring sustainable food security, an international conference has been organized for farmers, agricultural extensionists, researchers, and academicians from SAARC countries. The 3-day conference, organized jointly by the '...

Business

Mercantile Bank holds CIB online reporting training

Mercantile Bank Limited recently organized a virtual training on ‘Internal Credit Risk Rating System with Highlights on CIB Online Reporting’ at its training institute in Dhaka. A total of 98 officers from different divisions and branches of the bank participated at the training.&nb...

Business

Bank Asia opens two ATM booths

Bank Asia Limited inaugurated two ATM Booths at Begum Rokeya Swarani in Kafrul, Dhaka on Tuesday with a pledge to provide excellent banking service to its valued clients. Ziaul Hasan and Md. S. M. Iqbal Hossain, Deputy Managing Directors of the Bank, along with Mohammad Zahirul Islam, Managing ...

Business

BRAC Bank achieves 1000-agent banking branch milestone

BRAC Bank has achieved the 1,000 Agent Banking Outlet milestone as the rapid network expansion drive across Bangladesh continues for the financial inclusion of the unbanked people. Launching of Shah Ali Agent Banking Outlet in Mirpur 1, Dhaka marked 1,000th milestone for BRAC Bank. Nazmur Rahim...

Business

AIBL signs remittance service deal with Daytona Capital Management

Al-Arafah Islami Bank Ltd (AIBL) has executed an agreement with Daytona Capital Management Limited, a UK-based international money transfer company, branded as Hello Paisa, facilitating collection of home bound foreign remittance from Non-Resident Bangladeshis.The remittance service was formally ann...

Business

‘No new law needed to regulate e-commerce’

Mentioning that a good number of laws already exist in the country that can protect the interest of online customers, speakers at a roundtable discussion opined that no new law is required to regulate the digital commerce of the country. "There are over 20 laws related to digital transacti...

Business

SBAC Bank revamps website

South Bangla Agriculture & Commerce (SBAC) Bank Limited has converted its website (www.sbacbank.com) from a static to a dynamic version as a part of building Smart Bangladesh.The Bank’s Managing Director &CEO Mr. Habibur Rahman revamped the new website at Bank's Head Office on Thur...

Business

ILFSL holds 261st board meeting

The customized effective planning and its proper implementation help the business grow. And if any financial institution unleashes its target through proper planning, it is understandable that it is here to stay lively with holding its head high.Such is the case of International Leasing and Financia...

Business

RFL launches hand crafted kitchen sink

Rangpur Metal Industries Limited (RMIL), a concern of country’s leading business conglomerate RFL Group, launched premium quality handcrafted kitchen sink for the first time in Bangladesh. RN Paul, Managing Director of RFL Group, recently unveiled the 'Delight' model kitchen sink in a ...

Business

Intermediate goods exports post growth globally in Q2

World exports of intermediate goods (IGs) grew 4% year-on-year in the second quarter of 2022 to US$ 2.5 trillion, driven by the increase in shipments of intermediate food products. The overall growth, while slower than the increase recorded in the same period a year ago, continues to indicate stable...