Business Archives - Page 23 of 100

Jun222025 by No Comments

BRAC Bank and PriyoShop Launch Embedded Credit Access for Micro-Retailers

PriyoShop, Bangladesh’s leading B2B platform and smart distribution has partnered with BRAC Bank PLC, the country’s number 1 SME bank and the largest provider of collateral-free loans, to introduce a first-of-its-kind embedded credit solution for micro and small retailers. This strategic partnership aims to bridge the financing gap for millions of underserved micro-retailers across Bangladesh by enabling seamless access to working capital directly within PriyoShop’s digital ecosystem. With data-driven credit scoring and real-time visibility into retailer transactions, BRAC Bank will offer collateral-free credit that is fast, flexible, and tailored to the unique needs of the informal retail sector. Syed Abdul Momen, Additional Managing Director and Head of SME Banking, BRAC Bank, said: “T...

Jun212025 by No Comments

Xiaomi Technologies Bangladesh Private Limited to get insurance services from MetLife

Breaking News, Business

Xiaomi Technologies Bangladesh Private Limited, one of the leading technology companies in Bangladesh, recently penned an agreement with MetLife Bangladesh to provide insurance benefits to its employees. Under this agreement, employees of Xiaomi Technologies Bangladesh will receive insurance coverage for unforeseen incidents, including loss of life, accidents, disability, hospitalization, maternity, and critical illnesses. The company has selected MetLife Bangladesh as its insurance provider due to MetLife’s consistent track record of claims settlement, customized solutions, advanced dashboards, cashless outpatient and ambulance services, and financial strength, which enables it to settle claims faster and without hassle. Established in 2010, Xiaomi Technologies is a global company ope...

Jun172025 by No Comments

GLIL signed an agreement with the Embassy of France in Bangladesh

Breaking News, Business

Guardian Life Insurance Limited (GLIL) has recently signed an agreement with the Embassy of France in Bangladesh to offer comprehensive insurance coverage. Under this agreement, all the employees and family members of the French Embassy will be able to avail life coverage and medical benefits from Guardian. The agreement was recently signed in the presence of high officials of both the organizations. Sheikh Rakibul Karim, FCA, Additional Managing Director & Chief Executive Officer (Acting) of Guardian, and H. E. Marie Masdupuy, Ambassador of the Embassy of France in Bangladesh, signed this agreement on behalf of their respective concern. From Guardian, high officials including Mahmudur Rahman Khan, AMD & Head of Retail Business; Md. Sajib Hossain, FCA, SEVP & Chief Financ...

Jun162025 by No Comments

Intex Bangladesh 2025 to Strengthen Industry Partnerships and Expand Global Sourcing Access

Breaking News, Business

As the garments sector of Bangladesh continues to move towards higher value products and more global integration, Intex Bangladesh returns to Dhaka this June with its renewed purpose and strong international backing. The three-day exhibition, scheduled for 25–27 June 2025 at the International Convention City Bashundhara (ICCB), is likely to feature Bangladesh's growing role and leadership in the global textile and apparel trade arena. Organized by Worldex India Exhibition & Promotion Pvt. Ltd., Intex is poised to stage a comeback in the form of the 16th edition as South Asia's most prestigious international textile sourcing fair with its foundation deeply rooted in Bangladesh. Over the last few years, the fair has played an instrumental role in driving the region's textile and appar...

Jun152025 by No Comments

BRAC Bank promotes ‘Probashi Poribar’ and ‘TARA Probashi Poribar’

Breaking News, Business

BRAC Bank has organised a customer engagement event in Daudkandi, Cumilla, aimed at creating awareness among remittance beneficiary families about the advantages of utilizing formal banking channels and importance of prudent financial management. Held on May 24, 2025, at the Daudkandi Agent Banking Outlet, the 'Uthan Boithak'event witnessed the participation of 160 remittance-receiving family members and local customers. The gathering was graced by the presence of senior officials from BRAC Bank, including Md. Shaheen Iqbal CFA, Deputy Managing Director & Head of Treasury and Financial Institutions; Nazmur Rahim, Deputy Managing Director & Head of Alternate Banking Channels; Shahrear Zamil, Head of Remittance and Probashi Banking; Md. Nazmul Hasan, Head of Agent Banking, BRAC Ba...

Jun72025 by No Comments

Tax Burden May Hurt Recovery Despite Positive Budget Targets- FICCI Warns

Breaking News, Business

The Foreign Investors’ Chamber of Commerce and Industry (FICCI) acknowledged the Government’s commitment in the National Budget 2025-26 towards equitable economic transformation and fiscal consolidation. With a proposed budget size of Tk. 7,90,000 crore (12.7% of GDP), the government has targeted 6.5% GDP growth and a projected decline in inflation to 8%, a significant drop of 321 basis points. FICCI views the budget's reform direction as positive; however, the implementation of certain tax measures may create unintended burdens on industries and individuals. These observations were shared by Zaved Akhtar, President of FICCI, at a post-budget press meet held today at FICCI. FICCI expressed concern over increased tax burdens on compliant individuals and businesses. The Chamber noted that...

Jun62025 by No Comments

BRAC Bank launches Visa ARQ Express International Debit Card for buying houses

Breaking News, Business

BRAC Bank has launched Visa ARQ Express International Debit Card, a pioneering solution designed to empower corporate and institutional clients in Bangladesh to conduct secure and seamless international transactions. This initiative, in partnership with Visa, the global leader in payments, aligns with Bangladesh Bank's recent directive permitting local agent companies to open Agent’s Retention Quota (ARQ) foreign currency accounts to facilitate legitimate overseas cashless payments for garments buying houses and other agents operating in Bangladesh. The Visa ARQ Express International Debit Card enables corporate clients to withdraw cash 24/7 from any ATM worldwide that accepts Visa cards, perform Point-of-Sale (POS) and e-commerce transactions in multiple currencies and enjoy contact...

Jun52025 by No Comments

Mastercard collaborates with ShopUp to empower women-led small businesses in Bangladesh with digital tools for growth

Breaking News, Business

Mastercard Center for Inclusive Growth today announced a new collaboration with commerce platform ShopUp, also supported by the Gates Foundation, to equip womensmall business owners in Bangladesh with the digital skills and tools they need to grow and thrive. This partnership is part of the global Mastercard Strive initiative that aims to support small businesses in their digital adoption and upskilling journey. The program, Porshi, aims to upskill 1,600 small business owners and deliver support to unlock access to a wider range of fast-moving consumer goods, enabling about 40% of the small business owners to consistently use ShopUp’s app for last-mile delivery. “Small businesses have a key role in creating strong and healthy communities,” says Subhashini Chandran, Senior Vice President,...

Jun42025 by No Comments

Banglalink and ICC Communication Join Forces to Accelerate Enterprise Digitalization

Breaking News, Business

Banglalink, the country’s leading innovative digital operator, has signed an agreement with ICC Communication Limited, a nationwide Internet Service Provider, as part of its ongoing commitment to empower enterprises across Bangladesh digitally. Under this agreement, Banglalink will offer a suite of services, including corporate connectivity, a vehicle tracking system, and several other business solutions, which will help ICC enhance its operational efficiency, expand customer outreach, and open new growth opportunities. This partnership reflects Banglalink’s continued commitment to delivering innovative digital solutions that cater to the diverse needs of customers in a more convenient manner. The signing ceremony was held recently at Tiger’s Den (Banglalink Head Office) in the capit...

Jun32025 by No Comments

BRAC Bank partners bKash for 24/7 digital cash management services for agents and distributors

Breaking News, Business

BRAC Bank has partnered with bKash Limited to provide automated cash management services for the mobile financial service provider’s nationwide network of agents, distributors, and merchants. Tareq Refat Ullah Khan, Managing Director and CEO (Current Charge) of BRAC Bank, and Kamal Quadir, Chief Executive Officer of bKash, were present at the agreement signing ceremony held on 28 May 2025 at BRAC Bank’s head office. Syed Abdul Momen, Additional Managing Director and Head of SME Banking at BRAC Bank, was also present. With this partnership, bKash agents and distributors who have accounts with BRAC Bank can now seamlessly purchase e-money for their bKash wallets using funds from BRAC Bank’s SME current accounts and convert the e-money into bank deposits at any time, eliminating the nee...