Day: January 15, 2025

Jan152025 by No Comments

JCI Munshiganj Announces New Board of Directors for 2025

Junior Chamber International (JCI), one of the world's largest youth organizations, has announced the new Board of Directors for its Munshiganj Chapter for the year 2025. The new leadership comprises talented and socially conscious individuals dedicated to empowering youth and driving development in the community. JCI, a global nonprofit organization operating in over 100 countries, focuses on nurturing young leaders and implementing humanitarian projects to foster societal progress. Sakif Ahmed has been elected as the Local President of JCI Munshiganj 2025. A well-known leader, Sakif Ahmed is the Director and CEO of Infolink Limited, Managing Director of Furnitex Limited, Proprietor of Braintree, and Director of ISPAB. Renowned for his dynamic leadership, Sakif Ahmed remarked, "Our goal...

Jan152025 by No Comments

National Bank Limited Celebrates Successful CBS Upgradation to Temenos R22

Breaking News, Business

National Bank Limited has recently completed the successful migration to the upgraded Core Banking System (CBS), Temenos Release 22. This advanced system introduces state-of-the-art technology, enhanced security, sophisticated business analytics, and improved customer relationship management features, ensuring robust and seamless banking services for valued customers.To celebrate this remarkable achievement, the Management of National Bank Limited organized a cake-cutting ceremony at the Head Office. The event was graced by the presence of the Managing Director (CC), Sheikh Akhter Uddin Ahmed. Among others, Deputy Managing Directors Syed Rois Uddin and Imran Ahmed were also present. Additionally, SEVP & Head of IT, Kazi Kamal Uddin Ahmed, other Division Heads of the Bank, and repre...

Jan152025 by No Comments

FICCI expresses concerns over lack of stakeholder consultation prior to policy revision

Breaking News, Business

The Foreign Investors’ Chambers of Commerce & Industry (FICCI) Bangladesh, the apex chamber representing Foreign Direct Investment (FDI) in the country, expresses deep concern over the recent decision to increase VAT/Supplementary Duty (SD) on a range of products without prior consultation with key stakeholders.FICCI represents 90% of Bangladesh’s total FDI, covering high-revenue sectors such as tobacco, telecom, energy, and financial institutions, which collectively contribute approximately 30% of the total internal revenue. The recent decision to hike VAT, SD, and other taxes is likely to impact consumers while significantly raising the cost of doing business in the country. This measure threatens the financial stability and operational capacity of businesses that generate crucia...