Business Archives - Page 37 of 100

Feb192025 by No Comments

Guardian Life Partners with Aramex Dhaka to Secure Employee Well-Being

Guardian Life Insurance Limited and Aramex Dhaka Limited have signed an agreement to provide Group Insurance benefits to all employees and their dependents of Aramex Dhaka Limited. This initiative aims to ensure financial security and healthcare support for the employees and their families. The agreement was officially signed by Sheikh Rakibul Karim, FCA, Additional Managing Director and Acting CEO of Guardian Life Insurance Limited, and Mr. Syed Mahtab Pervez, Country Manager of Aramex Dhaka Limited, on behalf of their respective organizations. The signing ceremony was attended by high officials from both organizations. Representing Guardian Life were Mr. Mahmudur Rahman Khan, Senior Executive Vice President & Head of Retail Business; Md. Sajib Hossain, Chief Financial Officer; ...

Feb182025 by No Comments

Huawei Kicks Off Campus Roadshows for ‘Seeds For The Future 2025 Bangladesh’

Breaking News, Business

Huawei has kicked off roadshows for the 12th edition of its flagship competition ‘Seeds For The Future Bangladesh’, which aims to develop the country’s ICT ecosystem by enhancing students' ICT knowledge and skills. On Tuesday, Huawei shared this information through a press release. As part of this initiative, roadshows have recently been held at East West University, RUET, AUST, and BRAC University, engaging more than 1000 students. During these sessions, Huawei presented the objectives of ‘Seeds For The Future’ program, its roadmap, suggestions on preparation, and opportunities for the students. The roadshows will be hosted at several other universities across the country. This year, the roadshows will take place till March, followed by the official inauguration of the program in April...

Feb182025 by No Comments

Robi Showcases Resilience: Overcoming 2024 Economic Challenges

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Despite a challenging economic landscape, Robi remained steadfast in delivering enhanced value to its shareholders and customers by prioritizing operational efficiency and strategic investments. The year was marked by economic instability, high inflation, and market disruptions, which impacted consumer purchasing power. Nevertheless, Robi closed the year with revenue of BDT 9,950.2 crore, reflecting a modest 0.1% increase from 2023. Voice revenue grew by 0.7%, while data revenue increased by 2.2% year-over-year. Quarterly performance comparisons showed mixed results. Voice revenue declined by 8.4% from Q3’24, while data revenue increased slightly by 0.1%. On a year-over-year basis, Q4’24 voice revenue grew by 1.7%, while data revenue saw a sharp drop of 13.9%, largely due to tremendo...

Feb182025 by No Comments

BRAC Bank ‘Aporajeyo TARA Scholarships’ to support 300 female students at Rajshahi University

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BRAC Bank has recently expanded its 'Aporajeyo TARA Scholarships' program to provide financial assistance to 300 female students at the University of Rajshahi (RU). This partnership was formalised during a signing ceremony held at the RU campus on February 16, 2025, where Professor Dr Saleh Hasan Naquib, Vice-Chancellor of RU, and Sabbir Hossain, DMD and Chief Operating Officer of BRAC Bank, inked the agreement. During the ceremony, Professor Dr Naquib expressed gratitude to BRAC Bank, stating, "This initiative by BRAC Bank will have a lasting impact on the lives of our female students. It offers more than just financial assistance; it catalyses change, enabling our students to dream bigger and achieve greater milestones in their academic and professional journeys." Sabbir Hossain...

Feb172025 by No Comments

BRAC Bank to provide Distributor Channel Financing to PidiliteSpeciality Chemicals

Breaking News, Business

BRAC Bank has signed an agreement with PidiliteSpeciality Chemicals (BD) Pvt. Ltd. to provide financing solutions for the distributors of the adhesive manufacturing company. This agreement will empower Pidilite's distributors across the country by granting them access to convenient term loans from BRAC Bank, ensuring seamless business operations. The initiative is particularly beneficial for Pidilite's dealers and distributors, as they will now receive consistent and reliable funding to support their working capital needs. Under the agreement, Pidilite's distributors in Bangladesh can avail both secured and unsecured loans. By leveraging the bank's advanced corporate internet banking platform, CORPnet, distributors can transfer payments to the manufacturer swiftly and efficiently....

Feb162025 by No Comments

APR highlights potential for Lyocell to support growth of Textile and Garment industry in Bangladesh

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Asia Pacific Rayon (APR), a leading global manufacturer of viscose staple fibre products, plans to highlight the potential for Lyocell to contribute to the continued growth of the textile and garment industry in Bangladesh at the upcoming Dhaka International Textile & Garment Machinery Exhibition (DTG). The exhibition will take place from February 20 to February 23, 2025, at the International Convention City Bashundhara, Dhaka. A natural and biodegradable fibre, Lyocell is made from wood pulp sourced from sustainable plantations and is used to produce high-quality textiles and personal hygiene products. Lyocell by Sateri is manufactured using closed-loop processes that recycle water and solvents, which significantly reduce waste. The growing demand for sustainable textiles in the...

Feb152025 by No Comments

BRAC Bank facilitates financial inclusion in hill districts through Agent Banking

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BRAC Bank Agent Banking has reached marginalized people of Chattogram Hill Tracks, providing everyday banking solutions to remote communities. The bank organized several ‘Uthan Boithok’, a financial awareness programme, in the hilly district of Khagrachari to inculcate financial literacy among tribal communities and ensure their financial inclusion. This is part of its continued pursuit of bringing the unbanked people under the formal banking umbrella. The Agent Banking Team conducted engagement sessions for the people of Merung Union in Dighinala Upazila, Khagrachari District. These engagement sessions aimed to raise financial awareness among the local inhabitants and discuss the importance of receiving remittances through legal channels. Situated on the border of Khagrachari and...

Feb142025 by No Comments

Grand Opening of Bio-Xin’s new branch in Barisal

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The country's leading skincare brand Bio-Xin Cosmeceuticals has brought great news for the people of Barisal. World-class skincare treatments, authentic dermo cosmetics, and expert doctor consultations- everything is now under one roof. On February 13, 2025, the 17th branch of Bio-Xin was inaugurated at 119 Sadar Road, L. L. Tower, Level 4, Bibir Pukurpar, Barisal City. Muhammad Zahidul Hoque, founder and CEO of Bio-Xin Cosmeceuticals, attended the inauguration ceremony, along with other company senior officials. The overwhelming response of the local people at the grand opening ceremony and their arrival to find the best solution for their skin proves everyone's trust in the products and services of world-class skincare Bio-Xin. On the occasion of the inauguration of the new branch, Bi...

Feb132025 by No Comments

BRAC Bank to provide Distributor Channel Financing to Pidilite Speciality Chemicals

Breaking News, Business

BRAC Bank has signed an agreement with Pidilite Speciality Chemicals (BD) Pvt. Ltd. to provide financing solutions for the distributors of the adhesive manufacturing company. This agreement will empower Pidilite's distributors across the country by granting them access to convenient term loans from BRAC Bank, ensuring seamless business operations. The initiative is particularly beneficial for Pidilite's dealers and distributors, as they will now receive consistent and reliable funding to support their working capital needs. Under the agreement, Pidilite's distributors in Bangladesh can avail both secured and unsecured loans. By leveraging the bank's advanced corporate internet banking platform, CORPnet, distributors can transfer payments to the manufacturer swiftly and efficiently...

Feb132025 by No Comments

Guardian Life unveils new insurance plan, Guardian Nirbhar

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Country’s one of the leading insurance companies, Guardian Life Insurance Limited, has introduced its new insurance plan, ‘Nirbhar.’ The launching event took place recently at Krishibid Institution Bangladesh (KIB) in the capital. Guardian Life has designed this Regular Income Plan, ‘Nirbhar’, in a way that the customer will not have to pay premiums for the entirety of the policy term. Instead, after paying premiums for a certain amount of time, customers will receive regular income benefits for the remaining period. For instance, within a 10-25-year long policy, customers will have to pay premiums for only 5-10 years, and they will be covered by life insurance for the entire duration of the insurance term. At the end of the term, customers will get remaining amount along with maturity ...