Business Archives - TheStatement24

Jun172026 by Statement DeskNo Comments

BEELIA Demands Reclassification of Elevators as Capital Machinery and Rationalization of Duties.

The Bangladesh Elevator, Escalator and Lift Importers Association (BEELIA) has called upon the government to reclassify elevators and escalators as Capital Machinery and rationalize the existing duty structure to ensure sustainable growth of the country’s housing, industrial, and infrastructure sectors. On June 17, 2026 Speaking at a press conference held in the Dhaka Reporters Unity (DRU) today, BEELIA President Md. Shafiul Alam Uzzwal stated that elevators are no longer luxury items in the context of modern urbanization, high-rise construction, industrialization, and inclusive infrastructure development. Rather, they are essential capital equipment that support economic growth and public accessibility. He noted that elevators were removed from the Capital Machinery category in 2023...

Jun172026 by Statement DeskNo Comments

Daraz Reaffirms Its Commitment to Bangladesh

Breaking News, Business

Daraz Bangladesh has reaffirmed its long-term commitment to the country, stating that it continues to operate normally and remains focused on sustainable growth in the Bangladesh market, following recent media reports regarding its investment and operational outlook. The company said such characterizations do not reflect its actual strategic priorities or day-to-day operations and sought to provide clarity on its market commitment. Daraz continues to invest in technology-driven solutions to improve operational efficiency and customer experience, with a focus on building a scalable and sustainable digital commerce operation across Bangladesh. Last year alone, the platform has onboarded more than 7,000 new sellers, demonstrating continued growth of its ecosystem and its commitment t...

Jun162026 by Statement DeskNo Comments

BRAC Bank and Coca-Cola İçecek Bangladesh Partner to Strengthen Distribution Ecosystem

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BRAC Bank has signed a Distributor Finance Agreement with Coca-Cola İçecek (CCI) Bangladesh to strengthen its distribution ecosystem, enhance access to working capital, and support sustainable business growth across the country. Under the partnership, BRAC Bank will provide tailored Distributor Finance solutions to CCI Bangladesh’s distributor network, enabling them to access timely financing for product procurement and maintain healthy cash flows to support business expansion. The collaboration is designed to streamline financing across the supply chain, improve operational efficiency, and empower distributors with greater financial flexibility. By ensuring seamless access to liquidity, the initiative will help distributors strengthen their businesses, respond effectively to market ...

Jun142026 by Statement DeskNo Comments

PriyoShop Takes Bangladesh to the UN: Representing Emerging Market Infrastructure at STI Forum 2026

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PriyoShop Retail Distribution infrastructure for MSMEs in emerging markets made its mark on the global stage at the United Nations Science, Technology and Innovation (STI) Forum 2026 at UN Headquarters in New York. PriyoShop’s Founder and CEO Asikul Alam Khan represented Bangladesh alongside ambassadors, UNCTAD officials, Microsoft leadership, the Digital Cooperation Organization and founders from across emerging economies united by a shared urgency: closing the infrastructure gap that continues to cripple MSME supply chains worldwide. Bangladesh is one of the world's fastest-growing consumer markets, powered by over 5 million small retailers who form the backbone of everyday commerce. Yet these businesses operate with limited working capital, fragmented supply chains, inaccessible d...

Jun132026 by Statement DeskNo Comments

Demand for large cargo vessel gains steam, banks come up with financing solutions

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Bangladesh’s growing focus on river transport and maritime logistics is creating fresh opportunities for banks to finance commercial vessels, as demand rises for modern bulkheads, cargo ships, oil tankers, dredgers, and other water transport vehicles. With one of the world’s largest inland waterway networks spanning more than 3,800 kilometres, waterways remain central to the country’s trade and supply chain. From agricultural produce and construction materials to fuel and industrial goods, rivers continue to carry a major share of domestic cargo in Bangladesh. The economics are compelling. According to World Bank estimates, transporting one tonne of cargo per kilometre costs around Tk 4.50 by road and Tk 2.74 by rail, while river transport costs less than Tk 1. This cost advantage ha...

Jun132026 by Statement DeskNo Comments

BYD Bonanza Brings Exclusive China Trip, Holiday Packages and Guaranteed Rewards

Breaking News, Business

BYD, the world’s leading New Energy Vehicle (NEV) manufacturer, has launched the exciting BYD Bonanza Campaign in Bangladesh, offering customers the opportunity to win extraordinary rewards, including an exclusive trip to BYD Headquarters in China, luxury holiday packages, cash vouchers, couple’s dinner, and many more guaranteed prizes. As part of the campaign, every customer who confirms a BYD booking will receive a guaranteed reward through an instant lucky draw, making their journey toward sustainable mobility even more rewarding. Participating in the campaign is simple. Interested customers need to open their SMS application, type BYD WIN, and send it to 26969. Upon sending the SMS, they will receive a unique participation code By visiting any authorized BYD showroom in Bangladesh, b...

Jun122026 by Statement DeskNo Comments

MR. DIY’s Grand Opening of 16th Outlet in Chittagong Halishahar

Breaking News, Business

MR.DIY, Malaysia’s premier home improvement retailer, officially inaugurated its 16th operational store in Bangladesh today. Strategically situated at NJH Tower in the bustling commercial hub of Halishahar, Chattogram, the landmark launch marks the brand's second major footprint in the port city, reinforcing its long-term corporate commitment to nationwide retail development. The grand opening ceremony unfolded in a highly festive atmosphere, elevated by the attendance of distinguished corporate executives, digital media personalities, and prominent figures from the entertainment industry. The formal ribbon-cutting ceremony was led by senior leadership from MR.DIY Bangladesh, including Md. Rahat Nabi, Marketing Manager, and Mohammad Nazir Hossain, Head of Business Development. The gr...

Jun102026 by Statement DeskNo Comments

Apex Footwear receives RCS certification for sustainable manufacturing

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Apex Footwear Ltd. has successfully achieved the Recycled Claim Standard (RCS) certification for its Unit-2 manufacturing facility, taking another major step toward a greener future. Awarded by an accredited third-party certification body under the global non-profit Textile Exchange, this milestone underscores the company's commitment to responsible manufacturing practices as a leading footwear brand both locally and globally. The RCS certification is a voluntary international standard that sets requirements for third-party certification of recycled input and the chain of custody. Apex received the certification following a rigorous audit process that verified the exact percentage of recycled content in its products. This guarantees full traceability and strict quality control for all rec...

Jun102026 by Statement DeskNo Comments

BRAC Bank promotes women’s hockey with another Tk. 2 Crore project

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Recognising the immense potential of women’s hockey in Bangladesh following the success of its earlier interventions in the sport, BRAC Bank has committed another Tk. 2 crore in 2026 to expand the “BRAC Bank Aporajeyo Alo Women Hockey Development Programme” in partnership with the Bangladesh Hockey Federation (BHF). The investment builds on BRAC Bank’s previous support for women’s hockey, including a Tk. 1 crore contribution of the BRAC Bank Aporajeyo Alo Tournament in 2025. Through the expanded programme, more than 500 aspiring female hockey players from across Bangladesh will receive professional training, specialised development opportunities, scholarships, and competitive exposure. The programme aims to strengthen the women’s hockey ecosystem by identifying grassroots talent, enh...

Jun102026 by Statement DeskNo Comments

BYD Becomes the World’s Most Innovative Automaker in Historic Global Ranking

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BYD, the world’s leading New Energy Vehicle (NEV) manufacturer, has achieved a historic milestone by securing the top position in the Automotive INNOVATIONS Report 2026, published by the Center of Automotive Management (CAM), becoming the first Chinese automaker ever to lead the prestigious global innovation ranking. The 22nd edition of the prestigious report evaluated more than 867 innovations from 36 global automotive groups using CAM's proprietary M.O.B.IL methodology, which assesses innovations based on Maturity, Originality, Benefit, and Innovation Level. The results highlight a significant shift in the global automotive landscape, with BYD earning the highest innovation score of 157.2 index points, surpassing former champion Volkswagen Group (143.1 points) and Mercedes-Benz Group (1...