Business Archives - Page 30 of 100

Apr272025 by No Comments

BRAC Bank achieves Number One position in Government Securities trading for 3 consecutive years

BRAC Bank has once again secured its position as the top-performing bank in secondary market trading of Government Securities (GSEC) for the third consecutive year, as per the latest annual report released by Bangladesh Bank. In FY 2023–24, BRAC Bank expanded its market share to 13.39%, up from 11.64% the previous year, solidifying its frontrunning position and accelerating its upward momentum. This performance is backed by BRAC Bank’s strong capital base, prudent liquidity management, sound risk management, and continuous investment in advanced digital treasury infrastructure. Further reinforcing its financial strength, BRAC Bank Electra- the only FX trading platform by any local bank, has helped BRAC Bank to secure its position as top FX liquidity provider in the interbank marke...

Apr242025 by No Comments

HBL President Reaffirms Commitment to Regional Economic Integration during Bangladesh Visit

Breaking News, Business

Muhammad Nassir Salim, President & CEO - HBL, recently concluded a three-day official visit to Bangladesh, reaffirming the Bank’s commitment to advancing trade and investment opportunities across the region. During the visit, Muhammad Nassir Salim met with key government policymakers, regulators, foreign and local investors, and senior leaders from the private sector. These engagements focused on enabling deeper economic cooperation between Bangladesh and strategic global markets, particularly China, the Middle East, and South Asia — regions where HBL holds a strong institutional footprint. HBL, with a legacy of over 45 years in Bangladesh, is playing an important role in supporting the country’s trade ecosystem. HBL has made historical strides in China, where the Bank has a bran...

Apr232025 by No Comments

BRAC Bank partners with fintech QuiqSend to facilitate app-based remittance from Australia

Breaking News, Business

BRAC Bank has signed a remittance agreement with Australian fintech company, QuiqSend, to provide convenient app-based remittance sending experience to wage earners in the country. Techwest Pty Ltd (Trading as QuiqSend), a new money transfer startup, provides fast, reliable, and cost-effective money transfer services globally. Regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC), the company offers a secure and user-friendly platform for customers to send money to their loved ones in Bangladesh. With seamless API integration, remittances from QuiqSend to BRAC Bank will now be fully automated, real-time, and secure. Through this partnership, Probashi Bangladeshis residing in Australia can now conveniently and safely send their hard-earned remittances to BRA...

Apr232025 by No Comments

Bata’s Board recommended a 445% cash dividend for 2024

Breaking News, Business

A board meeting by Bata Shoe Company (Bangladesh) Ltd was held on 22 April, 2025 where the directors recommended 105% final dividend for 2024, in addition to the interim dividend of 340% already declared, totaling to a cash dividend of 445% for the year 2024. This dividend is subject to the approval by the Shareholder during the Annual General Meeting (AGM), which will be held on 26 June 2025. During the Board Meeting, the audited financial statements for the year 2024 was also reviewed. The initial report reveals that Bata has been able to achieve 94% of last year’s (2023) turnover in the financial year that ended on 31 December 2024, demonstrating remarkable resilience in the face of challenging external circumstances. Last year was a challenging year for Bangladeshi customers. Wit...

Apr222025 by No Comments

Guardian Life settles insurance claims worth Tk 129 crore in Q1’25

Breaking News, Business

Guardian Life Insurance Limited has settled insurance claims worth around Tk 129 crore in the first quarter (Q1) of 2025. Of this total amount, death insurance claims amounted to Tk 77 crore, health-related insurance claims to Tk 39 crore, and policy maturity and other claims amounted to Tk around 13 crore. One of Guardian’s major goals is to settle insurance claims quickly; and to achieve this goal, 95 percent of insurance claims were settled within just 3 (three) working days in the previous quarter. In addition, they are ensuring insurance services for employees of more than 450 local and multinational organizations. In the first quarter of this year, the country's leading telecommunications company Robi and many other renowned organizations joined hands with Guardian to get corporat...

Apr222025 by No Comments

BDCF to Host Ethical Storytelling Masterclass in Dhaka

Breaking News, Business

The Bangladesh Development Communications Forum (BDCF) is organizing a Masterclass on Ethical Storytelling for Development Communications on May 10, 2025, at the YWCA Guest House & Training Center in Mohammadpur. Facelifted by renowned photographer and documentary filmmaker Mohammad Rakibul Hasan, this interactive workshop will help participants refine their storytelling techniques, challenge harmful visual narratives, and connect with industry professionals. Designed for junior- to mid-level development and humanitarian communications professionals, this session is ideal for anyone passionate about ethical storytelling and effective communication. Tony Michael Gomes, Director of Strategic Communication, CARE Bangladesh, an organizer from BDCF, emphasized the significance of t...

Apr222025 by No Comments

BYD Starts Delivering SEALION 6 in Bangladesh

Breaking News, Business

Offering a seamless driving experience, exceptional balance of performance, fuel efficiency, and intelligent features, BYD SEALION 6 has recently hit the streets of Bangladesh. The delivery ceremony of the DM-i Super Plug-in Hybrid SUV was at BYD Flagship Showroom and BYD Service Center, Tejgaon, Dhaka. Present at the event were Hafizur Rahman Khan, Chairman of CG Runner BD Limited, and Zhang Jie, Vice President of Sales for the South Asia Pacific Region of BYD. They congratulated the new customers and reiterated BYD's commitment to the electric vehicle sector in Bangladesh. Unveiled in February 2025, BYD SEALION 6 has gained an overwhelming response from consumers for its innovative technology, refined design, and superior performance. The ceremony was attended by business partners, ent...

Apr212025 by No Comments

Robi Holds 29th Annual General Meeting

Breaking News, Business

Mobile network operator Robi Axiata PLC. held its 29th Annual General Meeting (AGM) today, Monday, at the Lakeshore Hotel in Dhaka. The event was attended by Thayaparan Sangarapillai, Chairman of the Robi Board; Board Directors, Vivek Sood; Nik Rizal Kamil; Independent Director Nasir Uddin Ahmed; Acting CEO and CFO of Robi, M. Riyaaz Rasheed; and Robi’s Company Secretary and Chief Corporate and Regulatory Officer, Shahed Alam. Speaking at the AGM, Thayaparan Sangarapillai said, “The year 2024 was a challenging one for us for various reasons. I am pleased that despite these challenges, Robi achieved commendable financial success. Prudent cost management allowed us to secure record profits. We also continued investing in our network throughout the year, which further strengthened custo...

Apr192025 by No Comments

BRAC Bank honours coworkers for championing learning and development

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BRAC Bank has honoured its coworkers who demonstrated exceptional commitment and dedication to training and development in 2024. The bank has introduced a recognition initiative styled 'Learning Luminaries Award 2024', to celebrate excellence in learning and development of the coworkers. A total of 78 officials were recognised for their outstanding contribution as top trainers, high scorers in training evaluation, successful project team members and dedicated support division members fostering a culture of continuous learning within the organisation. Managing Director & CEO Selim R. F. Hussain presented the awards, acknowledging the dedication of the officials to enhancing the bank's learning ecosystem. He emphasised the importance of continuous learning in driving organisati...

Apr172025 by No Comments

Kimiwa Saddat Appointed as Managing Director & CEO (Current Charge) of Community Bank Bangladesh PLC.

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Community Bank Bangladesh PLC. is pleased to announce the immediate appointment of Mr. Kimiwa Saddat as Managing Director & CEO (Current Charge). Prior to this, Mr. Saddat served as the Deputy Managing Director of Meghna Bank PLC. Mr. Saddat joined Meghna Bank in 2019, where he led the Corporate Banking division and other key divisions. Under his leadership, Meghna Bank became one of the preferred financial institutions for prominent corporate clients in Bangladesh. He played a crucial role in guiding the bank to receive the esteemed “Asian Banking & Finance Wholesale Banking Award 2021,” marking the bank’s first international recognition, alongside several other prestigious awards. With over 22 years of extensive experience in the banking sector, Mr. Saddat has worked with b...