Day: August 12, 2026

Aug122026 by Statement DeskNo Comments

Banglalink Receives Bangladesh Bank Approval to Launch Digital Payment Service Mukto Pay

Banglalink, the country's leading digital operator, today received a Payment Service Provider (PSP) licence from Bangladesh Bank, paving the way for its entry into the country's digital payments market. Banglalink will launch its digital payment services under the brand Mukto Pay, a fully owned Banglalink service designed to provide customers with simple, secure and accessible digital payment solutions. The milestone marks a significant step in Banglalink's expansion into digital financial services, supporting the transformation of Bangladesh's financial ecosystem, accelerating the country's transition towards a cashless society, and contributing to its ambition to become a $1 trillion economy by 2034. Designed to give consumers greater financial freedom and convenience, Mukto Pay aims t...

Aug122026 by Statement DeskNo Comments

Energypac to Supply Transformers to ADEX Corporation for ADB-Funded NESCO Project

Breaking News, Business

Energypac Engineering Ltd. has signed a USD 5 million contract with Adex Corporation to supply 15 units of 20/28 MVA transformers for an ADB-funded project of the Northern Electricity Supply Company Limited (NESCO).The contract signing ceremony was recently held at Adex Corporation’s office in Tejgaon, Dhaka. Engineer Rabiul Alam, CEO and Director of Energypac Engineering Ltd., and Engineer Ali Azam, Chairman of Adex Group, were present at the signing ceremony.Under the agreement, Energypac Engineering Ltd. will supply 15 units of 20/28 MVA transformers, supporting the development and strengthening of Bangladesh’s power distribution infrastructure. The contract is valued at approximately USD 5 million.Energypac Engineering Ltd. is one of Bangladesh’s leading engineering and pow...

Aug122026 by Statement DeskNo Comments

Guardian declares policy bonus of Tk 63 per thousand

Breaking News, Business

Guardian Life Insurance Limited has declared a policy bonus of Tk 63 per Tk 1,000 sum assured for its eligible life insurance policyholders for the year 2025.In life insurance, a policy bonus is an earned profit that an insurance company may provide to its policyholders. This bonus is generally provided based on the company’s profits. In addition to the regular benefits of the policy, policyholders receive this extra amount as a share of the company’s profits.Guided by its “Customer First” philosophy, Guardian declared its first policy bonus in 2016. Since then, the company has consistently provided annual bonuses to all eligible policyholders.The bonus adds to the long-term value of customers' savings and strengthens their future financial planning. Retail policyholders can ch...

Aug122026 by Statement DeskNo Comments

Itel launches air conditioner suitable for Bangladeshi households

Breaking News, Feature

Global smart lifestyle brand itel has entered Bangladesh's consumer electronics market with the launch of its first air conditioner, marking the brand's expansion beyond smartphones and smart devices.The itel ‘DC Inverter Air Conditioner’, manufactured in Bangladesh, is the first product under the brand's new consumer electronics portfolio. Designed to deliver consistent cooling while reducing electricity consumption, the model is tailored to the needs of Bangladeshi households.The air conditioner features DC Inverter Technology, which automatically adjusts the compressor speed according to cooling demand instead of repeatedly switching it on and off. According to itel, this helps reduce electricity consumption by up to 70 percent, ensures stable cooling and extends the compressor'...

Aug122026 by Statement DeskNo Comments

MetLife Foundation and MIDAS to Train 500 Youth in Mobile Repairing and Entrepreneurship

Breaking News, Business

MetLife Foundation, in partnership with Micro Industries Development Assistance and Services (MIDAS), has launched a two-year skills development initiative to train 500 youth in mobile repairing and entrepreneurship in Dhaka and Chattogram.The program will equip participants with practical, market-relevant skills in mobile phone repairing and maintenance. This will enable them to pursue self-employment and build sustainable livelihoods in a growing digital economy.With over 187 million mobile subscribers in Bangladesh and nearly 75 percent of households owning smartphones, the mobile repairing sector offers strong income opportunities. The initiative aims to bridge the skills gap and connect young people to these opportunities.This initiative reflects MetLife Foundation’s commi...