Business Archives - Page 13 of 98

Aug302025 by No Comments

Daraz Seller Summit 2025 Marks a New ‘Happy Selling’ Era for Bangladeshi SMEs

Daraz Bangladesh, the country’s largest online marketplace, recently hosted its flagship Seller Summit 2025 at the Bangladesh-China Friendship Conference Centre, uniting over 1,000 seller partners, top brands, and industry leaders. Under the theme “Happy Selling”, the summit placed a spotlight on the sellers and brands driving the growth of Bangladesh’s e-commerce sector while unveiling Daraz’s next phase of innovations to strengthen the digital marketplace. One of the key highlights of the evening was Daraz’s announcement that the platform, which currently partners with more than 200 leading local and international brands, is set to expand to over 500 in the near future. The company also revealed its upcoming initiative to revolutionize digital marketing in Bangladesh by creating a one...

Aug302025 by No Comments

BRAC Bank continues strong growth momentum in first 6 months of 2025

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BRAC Bank achieved a 53% growth in its Net Profit After-Tax (NPAT) on a consolidated basis in the first six months of 2025. The bank's consolidated financials, which include all its subsidiaries, showed an NPAT of BDT 906 crore during January-June 2025, a significant increase from BDT 591 crore in the corresponding period of 2024. BRAC Bank standalone NPAT of the first six months was BDT 620 crore, representing a 20% increase from the previous year's BDT 519 crore. Despite the challenging economic andindustry conditions, the Bank delivered strong balance sheet growth in H1 2025, significantly ahead of market average growth rates, with total customer deposits growing by annualized 28% and loans and advances increasing by 7%. The bank's financial and operational accomplishments for ...

Aug302025 by No Comments

Energypac exports $2.4 million power equipment to Nepal

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Energypac Engineering Ltd., one of Bangladesh’s leading power engineering companies, has successfully exported 63MVA 132/33kV Power Transformers and Auxiliary Substation Equipment to the Nepal Electricity Authority, under a contract valued at USD 2.4 million. This is Energypac’s first export since the Covid-19 pandemic, which resumed the company’s international business operation. The leading power engineering company has already commissioned 25 substations for the Nepal Electricity Authority under different electrification projects financed by the Asian Development Bank (ADB) and the World Bank. To mark this export milestone, top officials of Energypac have recently paid a courtesy call on His Excellency Mr. Ghanshyam Bhandari, Ambassador of Nepal, at the Embassy of Nepal in Dhaka....

Aug302025 by No Comments

MoU to between the Semiconductor industry of Bangladesh and China

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Bangladesh and China have taken a significant step toward advancing their cooperation in the semiconductor sector. A Memorandum of Understanding (MoU) was signed between the Bangladesh Semiconductor Industry Association (BSIA) and the Hubei Semiconductor Industry Association (HSIA) at an official ceremony held in Dhaka on Sunday. Mr. M A Jabbar, President of BSIA and Professor Wei Liu, Vice President, HSIA signed the MoU on behalf of their respective Organizations. Under this MoU, both associations will work together to promote knowledge sharing and advanced technology exchange, facilitate joint research and development (R&D) initiatives, develop skilled human resources through training and certification programs, encourage cross-border investment and business partnerships, organize...

Aug292025 by No Comments

7th Annual General Meeting of NBL Money Transfer (Maldives) Private Limited Held

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The 7th Annual General Meeting (AGM) of NBL Money Transfer (Maldives) Private Limited, a fully owned subsidiary of National Bank PLC., was held on 27 August 2025 at the company’s registered office in Malé, the capital of Maldives, through virtual platform. The meeting was presided over by the Chairman of the Board of Directors, Mr. Muklesur Rahman. Also present were Director Mr. Imran Ahmed, Director Mr. Md. Hannan Khan Kabir, and Managing Director of National Bank PLC Mr. Areef Billah Adil Chowdhury. In his address, Chairman Mr. Muklesur Rahman commended the company’s achievements and overall efficiency in 2024. He emphasized the importance of encouraging Bangladeshi expatriates to remit their hard-earned money safely through National Bank and highlighted the need for the continuous...

Aug282025 by No Comments

Roar Global strengthens Meta Business operations in Bangladesh

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Roar Global, a Meta Managed Partner in Bangladesh, is strengthening its presence in the market with expanded services and a continued commitment to supporting the country's digital growth. Roar Global, through its Bangladeshi subsidiary Roar Bangla, has provided businesses with expert Meta advertising solutions and a more localized service experience. This offering is supported by Roar Global's partnership with Meta's APAC team. This ensures clients in Bangladesh receive strategic guidance, platform insights, and official support directly from the source. To further empower local businesses, Roar Global has introduced local billing in Bangladeshi Taka (BDT). This initiative simplifies financial processes for advertisers of all sizes, making Meta advertising more accessible and easier to...

Aug272025 by No Comments

Mastercard and ICMAB jointly host the ‘Cashless Bangladesh Summit 2025’ in Dhaka

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The Institute of Cost and Management Accountants of Bangladesh (ICMAB) and Mastercard jointly hosted the ‘Cashless Bangladesh Summit 2025’under the theme‘The Intersection of Finance and Technology’. Organized today at the Pan Pacific Hotel, Dhaka, theSummit brought together key stakeholders from the banking and fintech sectors, regulatory authorities, and policymakers to explore the possibilities, challenges, and future roadmap for building a cashless economy. The Summit was attended by Dr. Ahsan H. Mansur, Governor of Bangladesh Bank asChief Guest, and Mr. Shish Haider Chowdhury, Secretary, Information and CommunicationTechnology (ICT) Division, Government of Bangladesh asSpecial Guest. The Summit featured insightful discussions, including an opening session on’The Role of Fintech i...

Aug272025 by No Comments

National Bank Holds ‘Card Business Conference’

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National Bank PLC organized a Card Business Conference on 25 August 2025 at the National Bank Training Institute. In addition to physical participation, many managers also joined the conference virtually via Zoom Platform. Mr. Imran Ahmed, Deputy Managing Director of the Bank, attended the event as the Chief Guest. Also present were Mr. Kazi Kamal Uddin Ahmed, Deputy Managing Director (In-charge); Mr. Md. Rajunur Rashid, EVP & Head of Branch Operations Division; Mr. Ashish Kumar Laskar, EVP & Regional Manager, Dhaka South; Mr. A.S.M. Helal Uddin, SVP & Regional Manager, Dhaka North; and Mr. Ujjal Kumar Paul, VP & Head of Cards (CC), along with branch managers and officials from both Dhaka North and South regions. The conference served as a platform to discuss strategi...

Aug262025 by No Comments

Banglalink and Green Delta Insurance Launch First-Ever Fire & Lightning Service Bundle for SMEs

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Banglalink, the country’s innovative digital operator, has joined hands with Green Delta Insurance PLC, Bangladesh’s largest private non-life insurance company, to launch the nation’s first-ever Fire and Lightning Service Bundle for SME customers in the telecom industry. This bundle combines Banglalink’s voice and data services with insurance coverage against fire and lightning-related losses, offering small and medium-sized enterprises—as well as entrepreneurs—a unique combination of reliable connectivity and financial security. Designed to be both accessible and affordable, the service provides peace of mind by addressing two critical needs of SMEs in a single package: staying connected and staying protected. The launching event was organized at Tiger’s Den, the corporate headquart...

Aug262025 by No Comments

City Bank sells 5,000 Guardian’s policies through bancassurance

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City Bank, in partnership with Guardian Life Insurance Limited, has achieved a major milestone by selling 5,000 insurance policies through its bancassurance channel. This achievement makes City Bank the leading bancassurance partner in terms of policies sold within a short period. The milestone reflects the strong market acceptance of Guardian’s products – including Guardian Child Protection Plan, Guardian 4 Stage Plan, Guardian Sanchoy, Guardian Pension Plan, and Guardian Probridhi – which City Bank has been actively offering to its customers. As the first bank to issue a Guardian Life bancassurance policy in Bangladesh, City Bank has played a pioneering role in expanding customer access to insurance solutions. The rapid success demonstrates both the trust customers place in Guardia...