Business

Sep22025 by No Comments

BRAC Bank appoints Tareq Refat Ullah Khan as Managing Director & CEO

The Board of Directors of BRAC Bank has appointed Tareq Refat Ullah Khan as the Managing Director and Chief Executive Officer (MD & CEO) of the bank, effective from 2 September 2025.Mr. Khan has been serving as MD & CEO (Current Charge) since May 27, 2025. Earlier, in April 2025, he was promoted to Additional Managing Director and Head of Corporate and Institutional Banking in recognition of his leadership in driving innovation, business expansion, and organisational transformation.Meheriar M. Hasan, Chairperson of BRAC Bank, said:“Tareq is the right leader to take BRAC Bank into its next phase. His vision, integrity, and leadership will make the bank more trusted, innovative, and inclusive – positively impacting customers, the banking industry, society, and the state.”...

Sep22025 by No Comments

Micro-Entrepreneurs at the Heart of Inclusive Growth: Max Foundation Hosts National Dialogue

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Max Foundation Bangladesh successfully hosted the Entrepreneur-Led Impact: National Workshop and Multistakeholder Dialogue, under the theme “Empowering Entrepreneurs for a Healthier Bangladesh,” on Tuesday at La Vita Hall, Hotel Lakeshore Grand, Dhaka. The day-long event brought together over 120 participants, including policymakers, donor agencies, development partners, government representatives, corporates, and ecosystem enablers, alongside micro-entrepreneurs from Khulna, Patuakhali, and Lalmonirhat.Micro-entrepreneurs are a critical but often under-recognized driver of Bangladesh’s economy. The country has more than 10 million CMSMEs (cottage, micro, small, and medium enterprises), which account for nearly 25% of GDP and employ around 30 million people — the backbone of rural and ...

Sep12025 by No Comments

Bangladeshi banks set to manage card issuance independently of foreign software providers

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KONA Software Lab Ltd., a payment and security solutions company, has announced successful implementation of its Kona Card Personalization System (K-CPS) for Islami Bank Bangladesh PLC, one of the largest commercial banks in the country.This global platform-compliant EMV card personalization system will enable Islami Bank, the first client of K-CPS, to issue EMV debit, credit, and prepaid cards for TakaPay, a local scheme, as well as global schemes such as Visa, Mastercard and UnionPay International.Representatives of Bangladesh Bank, Islami Bank, and leading industry stakeholders joined the celebration of the milestone for Bangladesh's payment and fintech industry at an event at The InterContinental Dhaka on Thursday evening.A card personalization system of such calibre and po...

Aug312025 by No Comments

BRAC Bank, Tarupallab honour environmental heroes with the ‘Dwijen Sharma Poribesh Padak’

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BRAC Bank, in collaboration with Tarupallab, has presented the ‘Dwijen Sharma Poribesh Padak 2024’ to four individuals and institutions for their exceptional contributions to biodiversity conservation, environmental education, and ecological awareness in Bangladesh.The awards were given at a ceremony held on August 30, 2025, at the Bangla Academy.Syeda Rizwana Hasan, Adviser for Environment, Forest, and Climate Change of Bangladesh, attended as the Chief Guest. At the same time, Nurun Nahar, Deputy Governor of Bangladesh Bank, was present as a Special Guest at the commendation ceremony.The award honours the legacy of the late Professor Dwijen Sharma, a prominent naturalist and botanist whose work has inspired countless individuals to protect natureMizanur Rahman Bhuiyan, a ...

Aug312025 by No Comments

BSIA Delegation Meets Newly Appointed Secretary of the Ministry of Science & Technology

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On Thursday, 28thAugust 2025, a delegation from the Bangladesh Semiconductor Industry Association (BSIA), led by Mr. M A Jabbar, President, BSIA, met Mr. Md. Anwar Hossain, the newly appointed Secretary of the Ministry of Science & Technology (MoST) at his office.The delegation included Mr. Ashiqur Rahman Tanim, Director, BSIA; Mr. Shakhawat Hossain, CEO, Tafuri Technologies; and other members from the association.A comprehensive presentation was delivered on the Bangladesh Semiconductor Industry, covering its current status, future prospects, and BSIA’s role in ecosystem development.The Secretary highly appreciated BSIA’s initiative and assured full cooperation from the Ministryof Science & Technology (MoST).Officials from MoST, including Mr. Md. Moinul Islam Titas...

Aug312025 by No Comments

MetLife Bangladesh launches affordable health insurance for 10 critical illnesses

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MetLife Bangladesh has introduced a new, affordable health insurance solution that offers comprehensive protection against 10 critical illnesses, whose treatment costs can be significantly high.The solution, titled MetLife Critical Illness Insurance with Return of Premium (MCII-ROP), provides coverage for kidney failure, end-stage liver failure, stroke, cancer (excluding skin cancer), first heart attack, coronary artery surgery, severe coronary artery disease, heart valve surgery or replacement, primary pulmonary arterial hypertension, and non-cancerous brain tumor.Since the solution focuses on these specific illnesses, customers can benefit from more affordable premiums compared to other critical illnesses-focused life insurance products. For instance, a 30-year-old male purchasin...

Aug302025 by No Comments

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

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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...