Month: November 2024

Nov122024 by No Comments

BRAC Bank posts TK 1,011 crore NPAT in first nine months along with strong balance sheet performance

BRAC Bank’s consolidated Net Profit After-Tax (NPAT) registered a growth of 74% year-on -year (YoY) and reached TK 1,011 crore during the first nine months of 2024.On a standalone basis, the bank registered a NPAT growth of 64% posting TK 827 crore. The bank sustained its growth trend and delivered a 26% annualized growth in its balance sheet.While the bank’s customers’ deposits grew by 34% (annualized) to reach TK 61,602 crore, lending book recorded a growth of 14% (annualized) and stood at TK 57,413 crore at the end of September 2024. Driven by growth in both business and investment, both funded & non-funded income also grew significantly - registering a 35% YoY growth in overall revenue.Along with business growth, significant improvement in portfolio quality was ensured,...

Nov122024 by No Comments

HONOR X7c launched in Bangladesh

Breaking News, Technology

HONOR Bangladesh, a leading technology brand, recently unveiled the HONOR X7c, a mid-range smartphone with impressive durability, long battery life, super-large storage, and ultra-clear photography, in the Bangladesh market. This durability-focused all-around performer will ensure that budget-conscious, tech-savvy customers enjoy modern functionality and reliable performance from the get-go. The all-new feature-rich X7c was launched on November 11, 2024, and is available nationwide from today, November 12, 2024, for only BDT 22,999. Also,customerswho pre-booked thephone will get their delivery along with specialpre-booking gifts - a winter jacket, a 2-yearfree service warranty, and Grameenphone exclusive internet offer. On top of that, the lucky winners will get a chance to win a free...

Nov112024 by No Comments

BRAC Bank inaugurates women-owned Agent Banking Outlet in Munshiganj

Breaking News, Business

BRAC Bank has inaugurated the third women-owned Agent Banking Outlet in Munshiganj.This marks a significant milestone in the bank's commitment to promoting financial inclusion and women's empowerment in the banking sector. BRAC Bank aims to inspire confidence and imbue women with an entrepreneurial spirit, fostering financial inclusivity and economic growth.This is the 87th women-owned Agent Banking Outlet out of a network of 1,115 across the country. This inclusive initiative will usher in a new chapter in the inclusion of enterprising women entrepreneurs in the Agent Banking business and will go a long way toward the financial and social empowerment of women in Bangladesh.Syed Abdul Momen, Deputy Managing Director & Head of SME Banking, BRAC Bank, formally inaugurated the...

Nov112024 by No Comments

Banglalink Launches Lifestyle Pack RYZE with AI-powered App

Breaking News, Business

Banglalink, the nation’s leading digital operator, has unveiled RYZE, an innovative AI-powered digital lifestyle pack aimed at empowering young users with a dynamic digital experience.Aligning with the government’s vision to support youth through upskilling opportunities, Banglalink’s RYZE provides AI-powered productivity tools for self-development.Under this prepaid package, RYZE also offers a unique feature of ‘endless internet’ where all data packs ensure continued internet availability even if the purchased volume is consumed before the pack’s expiry.The launch event, held at Aloki on Tejgaon-Gulshan Link Road, showcased RYZE’s innovative features and AI tools. The event was attended by key Banglalink leaders alongside prominent guests, influencers, students, and business p...

Nov112024 by No Comments

Government Published Red List of 1,000 Plant Species for Conservation and effective management: Syeda Rizwana Hasan

Breaking News, National

Syeda Rizwana Hasan, Advisor to the Ministry of Environment, Forest, and Climate Change, stated that a Red List of 1,000 plant species has been prepared to ensure effective conservation and management of plant species in Bangladesh. She added that this list has enabled an accurate assessment of endangered plant species. According to the list, 271 species are minimally threatened, 256 species lack sufficient data, and 395 species are vulnerable, among which 5 are critically endangered, 127 are endangered, and 263 are near threatened. Additionally, 70 species are classified as nearly threatened, while 7 have been identified as regionally extinct.The environmnet advisor shared these remarks on Monday, November 11, at the publication event of the “Red List of Plants of Bangladesh” held in ...

Nov112024 by No Comments

foodpanda wins ‘Visa Payment Excellence Award’

Breaking News, Business

Country's leading online food and grocery delivery platform foodpanda has been awarded the Visa Payment Excellence Award 2024 in the Excellence in Merchant Acceptance (Online) category for the highest number of online transactions using Visa cards on an e-commerce site. foodpanda has received the prestigious award at the 'Visa Leadership Conclave Bangladesh 2024', organized by Visa to recognise its most valued partners and clients in Bangladesh. The award recognizes foodpanda's significant contribution to the digital payments ecosystem, marking yet another milestone in the company's ongoing commitment to driving digital transformation in Bangladesh. Jamal Yusuff Zuberi, Director, Finance, foodpanda Bangladesh, said, "We are honored to receive the "Excellence in Merchant A...

Nov112024 by No Comments

Gold Kinen launches country’s first monthly gold savings feature

Breaking News, Business

Gold Kinen, Bangladesh’s first gold-purchasing app, makes gold savings easy, accessible and convenient for everyone, through automatic monthly gold savings option, paid through bKash.The new ‘Auto Gold Save’ feature on the Gold Kinen App lets users set up monthly gold savings from Tk 1,000 to Tk 50,000, which will be automatically deducted from their designated bKash account upon users consent on pre-set dates. This unique feature provides a hands-free way to build a regular savings portfolio in gold, mirroring familiar monthly savings plans.The initiative is expected to inspire people to take their first step into gold purchases and promote a shift toward smart gold savings, aligning with their broader goals of accelerating financial inclusion, savings propensity and amplifying f...

Nov102024 by No Comments

Infinix introduced the world’s slimmest 3D-curved smartphone

Breaking News, Business

Trendy tech brand Infinix is going to introduce TitanWing Architecture with the upcoming HOT series smartphone. With this industry-leading architecture, Infinix is coming up with its slimmest phone yet. The brand promises to deliver flagship-level performance in a midrange device, seamlessly blending sleek aesthetics with exceptional durability.The TitanWing Architecture combines two transformative innovations—FeatherLight Wing Design and Titan Armor Protection. This helps to deliver a smartphone that is not only slimmest but also incredibly durable.The FeatherLight Design emphasizes a feather-like lightness and ultra-thin construction. This advanced design features a SlimEdge frame, offering the world’s thinnest 3D curved screen at a remarkable 6.8mm thickness.This innovation ...

Nov102024 by No Comments

Bangladesh will Celebrate Global Entrepreneurship Week-2024

Breaking News, Education

Based on the theme "Removing Barriers and Welcoming All," Department of Innovation and Entrepreneurship of Daffodil International University will celebrate Global Entrepreneurship week-2024 inBangladeshfrom 18-24 November 2024. This year, GEW will be celebrated globally from November 18–24, 2024, spanning 200 countries, with over 40,000 events and an expected reach of 10 million people worldwide. In Bangladesh, 300 eventswill be hosted across the country through 50+ partner organizations and inspire an incredible 100,000 youth directly and 3 million digitally.All these were iinformed in a Meet the Press Program organized at 71 Milonayoton of Daffodil Plaza at Dhanmondi in the capital. Dr. Md. Sabur Khan, Managing Director of Global Entrepreneurship Network- Bangladesh (GEN Bangladesh),...

Nov102024 by No Comments

BASIS Welcomes New Members

Breaking News, Business

BASIS held an interactive and engaging event titled “Welcome to BASIS: New Member Orientation Program” at the BASIS Auditorium on November 9, 2024. Total 70 leading companies IT companies attended in this vibrant program. The orientation program aimed to connect new members to the larger BASIS network, sparking discussions around shared goals and strengthening our unified vision for the growth and advancement of the IT industry.In the warm welcome address, Md. MostafizurRahamanSohel, Senior Vice President, BASIS encouraged new members to actively participate in the BASIS community, emphasizing the transformative potential they bring to the technology landscape. He highlighted how BASIS is dedicated to cultivating an environment where every member can thrive, innovate, and contribute to...