Business & Commerce

BB recognises Social Islami Bank as a sustainable bank

Zafar Alam, Managing Director & CEO of Social Islami Bank Limited, received a certificate of the Sustainability Rating from Fazle Kabir, governor of the Bangladesh Bank, in the sustainability rating recognition ceremonyheld at the central bank’s head office recently.A.K.M Sajedur Rahman Kh...

Business & Commerce

Bata declares 100pc cash dividend

Bata Shoe Company (Bangladesh) Limited has recommended a 100 percent cash dividend for its shareholders for the year ended on December 31, 2021.Out of 100 percent dividend, 25 percent is final and 75 percent an interim which was already paid.The last closing price of the company’s share was Tk...

Business & Commerce

Smartphone fair of GP begins across the country ahead of Eid

Grameenphone and the country’s renowned smartphone brands have come together and arranged a countrywide 4G smartphone fair titled ‘Eid Device Fair @ GPC’.The fair will go on until July 16, 2022, at GP Online Shop, and all 243 Grameenphone Centers nationwide.       &n...

Business & Commerce

IFC partners with BRAC Bank to launch first-ever housing bond

Thousands of low and middle-income urban and rural families in Bangladesh, often underserved by commercial banks, are expected to be able to take out affordable housing loans through IFC’s investment in the country’s first housing bond to be issued by BRAC Bank.In a first for the country...

Business & Commerce

BENDSTA calls for scrapping vape ban from draft tobacco control law

Bangladesh Electronic Nicotine Delivery System Traders Association (BENDSTA) voiced their opposition to the newly proposed amendments in the draft tobacco control amendment bill.  In a press conference the association leaders said that the ban on vaping products will work against the Prime Mini...

Business & Commerce

Sayeda Khanam promoted to BB director

Bangladesh Bank’s Additional Director (Communications and Publications) Sayeda Khanam has been promoted to the post of Director (Ex-Cadre-Publishing) on Sunday. She joined Bangladesh Bank in 2000 as Assistant Director. She holds a master degree in mass communication and journalism from Dh...

Business & Commerce

Periwinkle opens 2nd showroom in Dhanmondi

Periwinkle, apparel and accessories brand for kids, opened its second store, in collaboration with Step Footwear at the ABC Tradeplex in Dhanmondi on Friday. Model and presenter Towhida Srabonno as the chief guest along with the owners of Periwinkle and Step Footwear Tanzeena Anwar Kabir and Sh...

Business & Commerce

Bank Asia among top sustainable banks

Bank Asia has been recognized as one of the “Top Ten Sustainable Banks” by Bangladesh Bank for two consecutive years, 2020 and 2021. Fazle Kabir, Governor, Bangladesh Bank, handed over crest & certificate to Md. Arfan Ali, President & Managing Director, Bank Asia Ltd., in a ...

Business & Commerce

FICCI welcomes amended Finance Bill-2022

The Foreign Investors' Chamber of Commerce and  Industry (FICCI), on behalf of all foreign investors in Bangladesh, welcomed  the amended Finance Bill-2022 recently passed in the parliament. The FICCI expressed its sincere gratitude and special thanks to the Prime  Minister S...

Business & Commerce

Ahmed Shaheen becomes AMD of EBL

Ahmed Shaheen has been promoted to additional managing director of Eastern Bank Limited (EBL).Prior to this, Shaheen had been serving as deputy managing director and head of corporate banking of EBL. He has over 29 years of professional exposure to the Bangladesh banking industry. Shaheen started hi...

Business & Commerce

BRAC Bank recognised as one of top-ten sustainable banks

BRAC Bank has been named one of Bangladesh's top 10 sustainable banks for two consecutive years. Bangladesh Bank has conferred the prestigious award to BRAC Bank as per the Sustainability Rating of 2021 and 2020. Since 2020, the central bank's Sustainable Finance Department (SFD) h...

Business & Commerce

Touhidul moderates Int’l IFN on-air roadshow

Standard Bank’s Additional Managing Director Md. Touhidul Alam Khan, FCMA moderated the event of International IFN on Air Roadsow-2022 held on Thursday organized by REDmoney Group. The theme of the Roadshow was “Building Momentum: Islamic Finance in Bangladesh”. Commissio...

Business & Commerce

UK financial instt to invest $23mln in RFL Electronics

British International Investment (“BII”), the UK’s development finance institution, has announced a US$23 million loan to RFL Electronics Ltd (“REL”), a consumer electronics manufacturer based in Bangladesh and part of the PRAN-RFL group. The new loan facility will...

Business & Commerce

Energypac family stands by flood victims

In an effort to help the distressed, flood-struck families of Sylhet, employess of Energypac Power Generation Ltd. (EPGL) has extended a hand of support by distributing relief among victims on July 02, 2022. The recent flood has affected many families, leaving them in dire need of help and supp...

Business & Commerce

Capacity building on industrial relations in RMG stressed

Andreas Klemmer, Director of Training, ITCILO meets Faruque Hassan, President of BGMEA at his office on Saturday.Neeran Ramjuthan, Programme Manager, Labour Administration and Working Conditions Cluster, ILO Bangladesh, and S M Borhan Uddin, Programme Officer, Governance, Social Dialogue and Industr...

Business & Commerce

Razzaque for practical research on agri production boost

Agriculture Minister Dr Abdur Razzak stressed need for  practical research on increasing production, diversification, conservation and marketing of agricultural products through the application of advanced technology and research results in the field of agriculture in Bangladesh.Minister also h...

Business & Commerce

NRB Bank wins best sustainable bank award from BB

NRB Bank Limited has been awarded as one of the best sustainable banks through Sustainability Rating-2021 by Bangladesh Bank.Fazle Kabir, Governor, Bangladesh Bank handed over the Crest and Certificate to Mr. Mamoon Mahmood Shah, Managing Director and CEO of NRB Bank at Bangladesh Bank head office o...

Business & Commerce

SIBL signs agreement with TML Remittance

An agreement was signed between Social Islami Bank Limited (SIBL) & TML Remittance at the TML Remittance Center for inward remittance services. In presence of Zafar Alam, Managing Director & CEO of SIBL, Albert Lim Poh Boon, Managing Director ofTML Remittance and Md. Akmal Hossain, Head...

Business & Commerce

Sonali Bank holds training for ACC officers

Sonali Bank Staff College arranged a five daylong training course named as ‘Special Course on Banking for Anti-Corruption Commission Officers’. On Thursday, Sonali Bank Limited CEO and Managing Director (Additional Charge) Md. Murshedul Kabir attended as the Chief Guest and handed o...

Business & Commerce

MetLife launches ‘Hello Bima – the comics’

MetLife Bangladesh has introduced the country’s first insurance-focused comics titled “Hello Bima – The Comics”, to present the concepts and benefits of insurance to people of all ages in an accessible and lively manner.  In the comics, two main characters - Mitu and Ron...