Business

Aug42026 by Statement DeskNo Comments

BRAC Bank & Green Delta win the Insurance Innovation Challenge by SME Foundation & UNDP

BRAC Bank and Green Delta Insurance PLC have won the award of Insurance Innovation Challenge, a joint initiative by SME Foundation (SMEF) and UNDP Bangladesh.As the winner, the two organizations will provide a blended finance solution of digital micro lending bundled with micro insurance for climate-vulnerable cottage, micro and small enterprises (CMSEs).This winning initiative, project NIRAPOD, marks another milestone for FINNOVISION, BRAC Bank's impact driven SME Innovation Lab, reinforcing the bank's commitment to developing practical financial solutions for underserved entrepreneurs.Project NIRAPOD integrates collateral-free digital loans, climate-responsive insurance, and advisory services into a single customer journey. The solution includes weather index-based crop and f...

Aug32026 by Statement DeskNo Comments

DMTCL signs deal with Carcopolo to introduce GPS-based fleet tracking system

Breaking News, Business

The operator of Dhaka Metro Rail Dhaka Mass Transit Company Limited (DMTCL)and the digital mobility platform of Bangla Trac GroupCarcopolo signed an agreement today for the implementation of Vehicle Telematics System (VTS).The signing ceremony was held today at the DMTCL Head Office.Mohammed Nazrul Islam Director (Operation and Maintenance)of Dhaka Mass Transit Company Limited (DMTCL) and M. Tanvir Siddique, Chief Executive Officer (CEO)Thane Systems of Carcopolosigned the agreement.Under the agreement, Carcopolo will deploy advancedVTS along with comprehensive fleet management services to support DMTCL's official fleet operations. The solution will enable real-time vehicle tracking, route monitoring, trip history, driver behavior analysis, and centralized fleet management, helping...

Aug32026 by Statement DeskNo Comments

BRAC Bank’s CORPnet records highest-ever monthly transaction volume

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BRAC Bank's corporate internet banking platform, CORPnet, recorded its highest-ever monthly transaction volume in June 2026, processing nearly BDT 30,000 crore as businesses increasingly embraced digital transaction banking.Building on its record monthly performance, CORPnet processed more than BDT 143,000 crore in transactions during the first six months of 2026. This was 40% higher than the BDT 102,000 crore processed during the same period last year.The growth reflects the accelerating digitalisation of corporate banking in Bangladesh. During the first half of 2026, digital channels accounted for 80% of BRAC Bank's corporate transactions, up from 74% a year earlier.The platform also continued to attract more business users. The number of corporate client groups using CORPnet...

Aug22026 by Statement DeskNo Comments

Uber Expands Hybrid Subscriptions to Car Drivers in Bangladesh

Breaking News, Business

Uber today announced the expansion of its hybrid subscriptions model to car drivers in Bangladesh, giving them greater flexibility in how they choose to subscribe and earn on the platform.Drivers can now choose between a time-based subscription pass and an earnings-based subscription pass, giving them greater flexibility in how they access earning opportunities on Uber.The expansion follows the successful introduction of hybrid subscriptions for bike drivers earlier this year and reflects Uber's continued investment in building products that respond to the needs of drivers in Bangladesh. By offering more choice in how drivers access the platform, Uber aims to support both full-time and part-time drivers while making it easier to earn on their own terms.Hybrid subscriptions also sup...

Aug22026 by Statement DeskNo Comments

Rancon Motor Bikes Ltd. Partners with MetLife Bangladesh to Support Safer Riding for Suzuki Buyers

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Rancon Motor Bikes Ltd. has entered into a partnership with MetLife Bangladesh to provide complimentary insurance coverage to eligible Suzuki motorcycle buyers. The initiative supports safer travel and responsible commuting for motorcycle riders in Bangladesh. Under the partnership, customers who purchase new Suzuki motorcycles from authorized Rancon Motorbikes Limited dealers and flagship showroom points will receive one year of complimentary insurance coverage. The coverage will commence from the date of purchase. The complimentary insurance provides coverage in the event of accidental death or permanent disability, as defined in the policy.Customers may also choose to enroll in a voluntary insurance plan which is available to both new and existing Suzuki motorcycle owners. The v...

Jul312026 by Statement DeskNo Comments

BRAC Bank rolls out Bangla QR at BRAC University to facilitate cashless transaction

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BRAC Bank has rolled out Bangla QR at BRAC University to facilitate cashless transactions on the campus in Merul Badda, Dhaka, taking a significant step towards supporting Bangladesh Bank's “Cashless Bangladesh” initiative.Md. Mostaqur Rahman FCMA, Governor of Bangladesh Bank, inaugurated the initiative as the chief guest at a ceremony at the university on July 30, 2026.Professor Syed Ferhat Anwar, PhD, Vice-Chancellor, BRAC University; A.N.M. Moinul Kabir, Director, Payment Department-1; Md. Sharafat Ullah Khan, Director, Payment Systems Department-2, Bangladesh Bank; and Tareq Refat Ullah Khan, Managing Director & CEO, BRAC Bank, along with students and faculty members were present.Professor Arshad Mahmud Chowdhury, PhD, Pro-Vice-Chancellor; Ariful Islam, Treasurer; and ...

Jul302026 by Statement DeskNo Comments

HONOR showcases latest global innovations at Bashundhara City Experience Zone

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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...