Business

Jul302026 by Statement DeskNo Comments

HONOR showcases latest global innovations at Bashundhara City Experience Zone

Global AI device ecosystem brand HONOR is hosting a three-day Experience Zone at Bashundhara City Shopping Complex, where visitors can explore its latest flagship Magic V6 and AIoT products.The event, which began on July 30, will continue until August 1. Products on display include the HONOR Magic V6, HONOR Watch 5 Ultra, HONOR Choice Earbuds Clip 2 Pro, and HONOR Earbuds 4.Among the key highlights is the HONOR Magic V6, currently the world's thinnest foldable smartphone at just 8.75 mm when folded. The device features aerospace-grade aluminum alloy and a high-strength Super Steel Hinge designed to deliver enhanced durability while maintaining its slim profile. To showcase the hinge's durability, HONOR has arranged a live hinge test challenge at the venue.Visitors can also pre-...

Jul292026 by Statement DeskNo Comments

Higher Earnings and Strong Asset Quality Drive IDLC Finance’s H1 2026 Performance

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IDLC Finance PLC delivered a strong performance in the first half of 2026, posting a Consolidated Net Profit after Tax (NPAT) of BDT 1,370 million. This records a 26% increase over the same period of the previous year. The leading NBFI’s Earnings Per Share (EPS) therefore rose to BDT 2.99 in H1 2026 from BDT 2.37 in H1 2025.IDLC’s profitability indicators strengthened during the period, with annualized Return on Equity (ROE) improving to 12.36%, and Return on Assets (ROA) improving to 1.52%. These improvements prove stronger earnings generation and efficient deployment of capital and assets.On a standalone basis, customer deposits reached BDT 114.54 billion, while the loan portfolio stood at BDT 117.60 billion. Asset quality remained robust, with the Non-Performing Loan (NPL) ratio...

Jul292026 by Statement DeskNo Comments

Hop Lun facilitates industry skill development training under SICIP through BGMEA partnership

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Hop Lun Apparel Limited has joined hands with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) to facilitate industry-focused skills training for aspiring professionals in Bangladesh's ready-made garment (RMG) sector.As part of the initiative, Hop Lun is providing training support at its Unit-2 facility through eight of its employees, who serve as trainers after being evaluated and approved by BGMEA. The training covers four courses: Sewing Machine Operation, Industrial Engineering and Lean Manufacturing, Advanced Garments Quality Control Management, and Social Compliance and Environmental Management.A total of 208 trainees have completed the training so far, with around 118 already securing employment. Of them, 90 are now employed at Hop Lun, while the others...

Jul282026 by Statement DeskNo Comments

Guardian reports disciplined cost management, higher claim settlements

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Guardian Life Insurance Limited has continued to translate operational efficiency into greater customer value by maintaining disciplined management expenses alongside robust growth in claim settlements. According to data submitted to the Insurance Development and Regulatory Authority (IDRA), Guardian recorded the highest savings against the regulator's allowable management expense among all insurance companies during the first quarter of 2026. Against an approved management expense limit of Tk 63.67 crore, the company incurred management expenses of Tk 50.01 crore, resulting in optimization of Tk 13.66 crore. Guardian has consistently maintained prudent expense management. In 2025, the company's allowable management expense stood at Tk 226.36 crore, while actual expenditure was Tk 192.3...

Jul282026 by Statement DeskNo Comments

BRAC Bank targets USD 9 billion trade volume in 2026

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BRAC Bank has set a target of facilitating USD 9 billion in international trade volume in 2026 after recording a historic USD 7.3 billion in 2025, reinforcing its ambition to become Bangladesh's largest trade bank.The bank has carried its growth momentum into 2026, facilitating USD 4.52 billion in trade transactions during the first six months of the year. A key milestone came when trade volume crossed USD 1 billion in a single month, underscoring the bank's expanding role in supporting Bangladesh's international commerce.The latest performance builds on a sustained growth trajectory. BRAC Bank's trade volume has more than doubled over the past five years, increasing from USD 2.8 billion in 2021 to USD 3.6 billion in 2022, USD 4.3 billion in 2023 and USD 5.6 billion in 2024 before ...

Jul272026 by Statement DeskNo Comments

Euromoney Recognizes IDLC Investments for Excellence in Capital Markets and Islamic Finance

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IDLC Investments Limited has received three recognitions across two Euromoney award programs in 2026. At the Euromoney Awards for Excellence 2026, the institution has been named Bangladesh’s Best Equity Capital Markets (ECM) House, and Best Debt Capital Markets (DCM) House; while the BDT 1.88 billion Green Islamic Syndicated Financing arranged for Akij Bakers Limited was recognized as the Bangladesh’s Best Islamic Project Finance Deal at the Euromoney Islamic Finance Awards 2026.The three recognitions reaffirm IDLC Investments’ position as one of Bangladesh’s leading capital market institutions, reflecting its integrated capabilities across equity capital markets, debt capital markets, structured finance, syndication, advisory, underwriting and trustee services.In equity capital ma...

Jul252026 by Statement DeskNo Comments

MetLife Bangladesh settles 1,384 Crore Taka claims in the first six months of 2026

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MetLife Bangladesh has settled 1,384 Crore Taka claims in the first six months (January – June) of 2026. This amount includes the money customers receive as insurance benefits and claims for loss of life and medical needs.MetLife Bangladesh's Chief Executive Officer, Ala Ahmad, said, "The claims amount settled in the first six months of the year reflects our strong commitment to supporting customers and their families when they need us most. By continuously enhancing our claims process to make it faster, simpler, and more transparent, we aim to strengthen customer confidence and contribute to building greater trust in Bangladesh’s insurance sector.”MetLife maintains a consistent track record of timely claims settlement. In the year 2025, MetLife Bangladesh settled the highest claim...

Jul252026 by Statement DeskNo Comments

BRAC Bank Branch Distribution Network achieves record BDT 5,000 crore CASA deposit growth in first half of 2026

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BRAC Bank's Branch Distribution Network has achieved a landmark BDT 5,000 crore growth in Current Account Savings Account (CASA) deposits during the first six months of 2026, reflecting customers' growing confidence in the bank and the network's strong deposit mobilisation capabilities.The milestone builds on the Distribution Network's consistent growth momentum in recent years, reinforcing its contribution to the bank's sustainable business expansion through relationship-driven banking and customer-centric service.To celebrate the achievement, BRAC Bank organised a recognition programme attended by Tareq Refat Ullah Khan, Managing Director & CEO; Sheikh Mohammad Ashfaque, Deputy Managing Director & Head of Branch Distribution Network; members of the Management Committee; l...

Jul242026 by Statement DeskNo Comments

Energypac presents new strategic roadmap “River Wave” by RBF

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Energypac one of Bangladesh’s leading power and engineering conglomerates, recently hosted an executive meeting with key financial partners and banking institutions at Gulshan Club to outline its long-term growth roadmap alongside a distinct financial realignment strategy.Guided by the principle, "Growth for Goodness," the leadership team detailed a forward-looking operational model aimed at enhancing production efficiencies and market presence across core business segments.During the session, Engineer Rabiul Alam, Chairman, and Humayun Rashid, Managing Director and CEO of Energypac Power Generation PLC mapped out the company's product expansions and portfolio shifts. His presentation focused on next-generation mobility, including Light Commercial Vehicles (LCVs) and EV buses, expa...

Jul212026 by Statement DeskNo Comments

BRAC Bank named best in Equity, Diversity & Inclusion

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BRAC Bank has been honoured with the SDG Brand Champion 2026 Award in the Equity, Diversity & Inclusion (SDG 10) category for its flagship CSR initiative, Aporajeyo Ami, in recognition of its efforts to reduce inequalities and advance disability inclusion in Bangladesh.The initiative was recognised for advancing disability inclusion, expanding healthcare access, promoting equal opportunities, and creating pathways to dignified employment for persons with disabilities.Launched in 2024, Aporajeyo Ami is Bangladesh’s first bank-led, multi-pillar disability inclusion initiative. Through strategic partnerships with specialised healthcare and development partners, the programme has provided vision care to more than 63,000 people, facilitated formal employment for 50 persons with disa...