Business

Jun42026 by Statement DeskNo Comments

Bangkok Hosts Asia’s Most Strategic Sourcing Platform

The Ribbon Has Been Cut - The 2nd Asia Sourcing Show 2026 & Global Sourcing Summit 2026 kick off today in the Heart of Asia - Bangkok!On 3 June marked the official inauguration of the 3-day 2nd Asia Sourcing Show 2026 (Textiles & Apparel) - A high-impact, pan-Asian B2B Textile & Apparel sourcing exhibition, and the Global Sourcing Summit 2026 at IMPACT, Bangkok, a strategic response to shifting supply chains, tariffs, and geopolitical uncertainties, bringing together industry leaders, manufacturers, sourcing professionals, associations, policymakers, and global partners from across Asia and beyond.The ribbon-cutting ceremony was graced by Executive leadership and Top officials from CEMS-Global USA - Lead Organizer of the Show and Summit, IAF - International Apparel Fede...

Jun32026 by Statement DeskNo Comments

BRAC Bank’s Journey to Become One of the Most Preferred Remittance Bank

Breaking News, Business

BRAC Bank has achieved strong growth in inward remittances over the past five consecutive years and now aims to become Bangladesh’s largest remittance bank by 2028.The country received USD 30.33 billion in inward remittances during FY2024–25 and is expected to reach USD 35 billion by the end of FY2025-26.As remittance customers increasingly prioritise speed, security, and accessibility, BRAC Bank has continued strengthening its remittance banking capabilities through global partnerships, nationwide accessibility, digital innovation, and tailored financial solutions for Non-Resident Bangladeshis (NRBs) and their families.Tareq Refat Ullah Khan, Managing Director and CEO of BRAC Bank, said: “Our advancement to the second position in April 2026 reflects the trust that Non-Resident...

Jun12026 by Statement DeskNo Comments

BRAC Bank signs two refinancing agreements with Bangladesh Bank

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BRAC Bank has signed two agreements with Bangladesh Bank to enhance access to affordable financing for cottage, micro, small, and medium enterprises (CMSMEs), reinforcing its commitment to entrepreneurship development and financial inclusion.The agreements will enable BRAC Bank to extend financing to entrepreneurs in various clusters nationwide and to provide low cost financing support to MSMEs under Bangladesh Bank’s Financial Sector Fund for the Development of MSMEs (FSFDMSME).Under the Cluster Finance Refinance Scheme, which has a fund size of BDT 3,000 crore, BRAC Bank will provide easy term loans and working capital support to entrepreneurs engaged in various industrial clusters across the country. Eligible businesses will be able to access financing at concessional interest r...

May302026 by Statement DeskNo Comments

Billionaire’s View Hotel & Eco Resort to Be Developed in Cox’s Bazar

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Cox’s Bazar, Bangladesh: A new hospitality and tourism project, Billionaire’s View Hotel & Eco Resort, is set to be developed in Cox’s Bazar with the goal of contributing to the country's tourism sector, creating employment opportunities, and attracting investment. According to project organizers, the resort is being planned as a modern eco-friendly hospitality destination that will combine luxury accommodation with natural surroundings. The initiative is being undertaken under the leadership of a group of young entrepreneurs who aim to establish a large-scale tourism facility in one of Bangladesh’s most popular tourist destinations. Project representatives said the resort will focus on providing quality services while promoting sustainable tourism practices. They expressed optimism ...

May272026 by Statement DeskNo Comments

BRAC Bank’s strong fundamentals power outstanding performance in 2025 & Q1’2026

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BRAC Bank delivered strong financial performance in 2025, recording robust balance sheet growth and sustaining its momentum into the first quarter of 2026.The Bank’s subsidiaries, particularly bKash Limited, also posted notable growth during the year, reflecting the strength and resilience of the broader BRAC Bank ecosystem.This consistent performance has been driven by unwavering customer trust, strong governance, customer-centric product innovation, expanding digital capabilities, and a growing distribution network. BRAC Bank’s values-based banking model continues to reinforce stakeholder confidence and strengthen its position as one of the country’s most trusted financial institutions.The bank's financial and operational accomplishments for the year 2025 and Q1 ‘2026 and ear...

May272026 by Statement DeskNo Comments

SAM-Bond Celebrates Babar Ali’s Historic Summit of Mount Makalu

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SAM-Bond, a leading name in industrial and household adhesives, is immensely proud to announce its association with mountaineer Babar Ali, who has become the first Bangladeshi to summit Mount Makalu, the world’s fifth-highest peak.Reaching the 8,485-meter summit recently, Babar Ali has etched his name among the world’s elite mountaineers. This historic feat, titled “Expedition Makalu: The Fifth Frontier,” represents the pinnacle of human endurance and unshakable determination, values that lie at the heart of the SAM-Bond brand."Babar Ali’s triumph is a testament to the power of a strong will and an unbreakable spirit," said a spokesperson for SAM-Bond. "Just as our products signify a 'Strong Bond' that withstands the toughest conditions, Babar’s resolve remained steadfast against t...

May262026 by Statement DeskNo Comments

With 16 New Brands, Robi Elite Offers Up To 52% Discount

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‘Robi Elite’ program has introduced 16 more renowned brands to its portfolio. Robi Elite customers will now be able to enjoy discounts of up to 52% and attractive benefits across various products and services from these brands.The newly onboarded partners of the Robi Elite Program include BashonWala, Cartup, Coffee World, Crowne Plaza IHG (Airport Branch), Hotel Grand Park (Barishal), MHO Global Group (AHZ & MIE), Minister Hi-Tech Park Electronics Ltd., Ocean View Hotel & Convention, Othoba.com, Pathao, Persona, Porcelenia, Sikder Resort & Villas, Turaag Active and Watches World. Following this new initiative, Robi Elite customers can now enjoy exclusive discounts of up to 52% and special perks across multiple categories, including travel & hospitality, lifestyle, elect...

May252026 by Statement DeskNo Comments

BRAC Bank facilitates cashless banking services 24/7 at Diabari Cattle Haat in Uttara

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BRAC Bank has inaugurated Cashless Qurbani Cattle Haat Booth at Diabari in Uttara, Dhaka. The Digital Payment Booth at Cattle Haat is part of a cashless initiative of Bangladesh Bank. Bangladesh Bank has made BRAC Bank as the Lead Bank at Diabari Cattle Haat.At the BRAC Bank booth, the buyers and traders can withdraw and deposit to bank accounts or Mobile Financial Services (MFS), send and receive money as any bank, make payments through QR code and POS machine, instantly open bank account and detecting fake notes and avail of Agent Banking services on 24/7 basis.This booth enables livestock traders to securely deposit sales proceeds into banks, thereby reducing the risk associated with using cash. At the same time, buyers are also becoming accustomed to fast and secure digital pay...

May222026 by Statement DeskNo Comments

BRAC Bank-BBDN-TBS Roundtable Calls for Better Disability Data to Shape Inclusive Bangladesh

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BRAC Bank, Bangladesh Business and Disability Network (BBDN), and The Business Standard (TBS) joined forces to host an inspiring roundtable, "Data Matters: Numbers and Evidence are Key to a Disability-Inclusive Society."This discussion comes at a crucial time, when the Bangladesh government is placing greater emphasis on disability-inclusive development and seeks accurate data for policy decisions. The roundtable highlighted why evidence-based approaches are vital for advancing disability rights and inclusion.TBS sparked a lively discussion on 20 May 2026 as part of BRAC Bank’s CSR Programme, ‘Aporajeyo Ami’, designed to inspire meaningful conversations and champion disability inclusion.Tareq Refat Ullah Khan, Managing Director and CEO of BRAC Bank, said, “BRAC Bank's founder, ...

May212026 by Statement DeskNo Comments

Bangladesh SOEs cost treasury Tk 882b as losses mount: World Bank study

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Bangladesh’s state-owned enterprises (SOEs) drained nearly Tk 882 billion from the national exchequer in a single year, emerging as one of the country’s biggest fiscal risks, according to a World Bank study. The study report highlighted that the deteriorating financial condition of public enterprises has become “unsustainable” at a time when Bangladesh is already facing falling revenue collection, slower economic growth and mounting pressure on public finances. It said the growing losses of SOEs are consuming resources that could otherwise be invested in healthcare, education and social protection. The findings were presented at a dissemination workshop on the report titled “Financial Performance and Fiscal Risk of SOEs in Bangladesh” held at Pan Pacific Sonargaon in Dhaka on May 21, 202...