Business

Sep32026 by Statement DeskNo Comments

State minister calls for local, foreign investment in cosmetics

State Minister of Foreign Affairs Shama Obaid Islam has called for greater local and foreign investment in Bangladesh's cosmetics, skincare and personal care industry, urging stakeholders to transform the multi-billion-taka sector from an import-dependent market into a major hub for manufacturing, exports and investment.She made the call while inaugurating Cosmética Dhaka 2026: Powerd by Remark Herlan, a three-day exhibition on cosmetics, skincare and personal care products, at the International Convention City Bashundhara (ICCB) in Kuril, Dhaka, on Thursday.Speaking as the chief guest at the opening ceremony, Shama Obaid said Bangladesh could leverage the production capacity, compliance infrastructure, skilled workforce and global buyer relationships developed through its apparel ...

Sep32026 by Statement DeskNo Comments

Shimanto Bank Inks MoU with Dhaka South City Corporation

Breaking News, Business

Shimanto Bank PLC has signed a Memorandum of Understanding (MoU) with Dhaka South City Corporation (DSCC) at the Nagar Bhaban recently. Under this MoU, residents and business owners under the Dhaka South City Corporation will be able to conveniently pay their holding taxes, trade license fees, and other municipal charges through Shimanto Bank PLC.Mr. Md. Nurul Azim, Managing Director & CEO, Shimanto Bank PLC and Mr. Md. Khaybar Rahman, Chief Executive Officer, Dhaka South City Corporation, signed the MoU on behalf of their respective organizations in presence of Valiant freedom fighter Mr. Md. Abdus Salam, Administrator, Dhaka South City Corporation. Mr. Md. Sahidul Islam, Head of Business, Shimanto Bank PLC, Mr. Jonayed Kabir Sohag, Chief Revenue Officer, Dhaka South City Corporat...

Sep22026 by Statement DeskNo Comments

BRAC Bank launches CORPnet Mobile App

Breaking News, Business

BRAC Bank has launched the CORPnet Mobile App, a powerful and secure mobile banking solution built specifically for corporate and business customers. The app enables authorised signatories to approve transactions 24/7, monitor accounts and access critical financial information on the go.The app enables bulk approval of multiple transactions, making the process more efficient for businesses managing high transaction volumes. Real-time access to account balances and transaction details provides immediate visibility into financial activities, while push notifications alert users to important transaction events requiring their attention.Corporate users can also access Management Information System (MIS) reports through the app, helping them maintain oversight of banking activities and ...

Sep12026 by Statement DeskNo Comments

Praxix Academy launches smart digital learning platform

Breaking News, Business

Praxix Academy, a next-generation digital learning platform, has officially launched in Bangladesh, aiming to make exam preparation more efficient, technology-driven and data-informed.The platform combines digital learning materials, practice tools, artificial intelligence (AI), assessments and performance analytics to help students understand their strengths, weaknesses and overall level of preparation.One of its key features is Praxix AI, a specialised AI-based tool designed to provide answers and explanations for Creative Questions (CQ) based on the National Curriculum and Textbook Board (NCTB) curriculum.Praxix Academy offers an E-Library, Practice, Custom Exams, Praxix AI, Live Exams, Question Bank, Progress Reports and Leaderboards.The E-Library allows students to acc...

Aug312026 by Statement DeskNo Comments

OPPO Onboards 15 Campus Ambassadors to Empower Young Changemakers

Breaking News, Business

OPPO has onboarded 15 talented university students from leading universities across Bangladesh as Campus Ambassadors, strengthening its commitment to empowering young people to explore, create, connect and express themselves through technology and creativity. The OPPO Campus Ambassador Program is designed to provide university students with a platform to develop their creativity, communication, leadership and community-building skills while representing a global technology brand within their campuses. As the face and voice of OPPO in their respective universities, the ambassadors will connect with fellow students, create engaging content, build conversations and inspire others to experience the OPPO lifestyle. “OPPO believes that young people have the creativity, confidence and potential...

Aug282026 by Statement DeskNo Comments

Apex Introduces 100% biodegradable bags designed to decompose within seven months

Breaking News, Business

Apex Footwear Limited has taken a step towards a more sustainable Bangladesh by introducing 100% biodegradable shopping bags, turning its commitment to environmental responsibility into a practical choice for customers.Made from internationally certified bio-resins, the bags are free from harmful synthetic materials such as polyethylene and polystyrene commonly found in conventional plastic packaging. They have also undergone independent testing by Bangladesh University of Engineering and Technology (BUET) and Bangladesh Council of Scientific and Industrial Research (BCSIR).Designed to return naturally to the soil, the bags completely decompose within seven months after disposal in natural soil, without leaving harmful residues behind. For customers, the change offers a simple way...

Aug262026 by Statement DeskNo Comments

MetLife Invests BDT 50 Crore in EBL Subordinated Bond

Breaking News, Business

MetLife Bangladesh has invested BDT 50 crore in the fourth subordinated bond issued by Eastern Bank PLC (EBL), reinforcing the insurer’s ongoing efforts to strengthen and diversify its investment portfolio in the country.Apart from investing in government bonds, MetLife Bangladesh continues to diversify into corporate bonds to support sustainable financing for corporates, while delivering enhanced, long term returns for its policyholders. With this latest investment, MetLife Bangladesh’s total investment portfolio has reached approximately BDT 19,000 crore.Commenting on the investment, Ala Ahmad, CEO of MetLife Bangladesh, said: “As one of the largest investors in the country, our partnership with EBL represents a shared commitment to strengthening the financial ecosystem, while re...

Aug252026 by Statement DeskNo Comments

Banglalink installs 50-kW rooftop solar system at Cumilla data center

Breaking News, Business

Reinforcing its commitment to environmentally responsible digital infrastructure, Banglalink, the country's leading digital operator, has installed a 50-kW rooftop solar power system at its Cumilla Data Center. The system utilizes 2,500 square feet of previously unutilized rooftop space and is expected to generate approximately 85,000 kWh of clean energy annually, resulting in an estimated 6% reduction in grid electricity consumption during solar generation hours.This initiative is expected to reduce carbon emissions by about 52 tons each year and save approximately BDT 1.2 million in energy costs annually.In addition, the system will support Banglalink's ESG goals while helping ensure uninterrupted data center operations during emergencies and power outages.Notably, Banglalin...

Aug242026 by Statement DeskNo Comments

BRAC Bank, VisionSpring to provide eye care to 2,000 tea garden workers and families

Breaking News, Business

BRAC Bank and VisionSpring have launched an eye-care programme for tea garden communities, aiming to provide screenings, eyeglasses and referrals for further treatment to more than 2,000 workers, their family members and elderly people in Chattogram.Launched at Neptune Tea Estate Limited, a sister concern of Ispahani Group, the initiative marks the first time the BRAC Bank–VisionSpring partnership has extended its eye-care services to tea garden workers—a community that often has limited access to specialised healthcare.The programme began on 16 August 2026, with 62 people screened on the first day. Of them, 45 people (73%) were found to need eyeglasses and received them through the initiative. Another 12 people were identified with potential cataracts and referred for further exam...

Aug242026 by Statement DeskNo Comments

Shohoz Launches E-Ticketing on BRTC Women-Only Buses

Breaking News, Business

Shohoz Limited has introduced e-ticketing services on Bangladesh Road Transport Corporation (BRTC)’s women-only “Pink Bus” service, aiming to make public transportation more convenient, organised and technology-enabled for women passengers. Under the initiative, POS-based e-ticketing is now available on 14 women-only buses operating across Dhaka, Chattogram and Bogura.The service was formally launched recently at an event held at the Tejgaon BRTC Bus Depot. Through the new system, women passengers can purchase e-tickets quickly and conveniently using POS machines on board the buses. The technology-enabled system is expected to make the ticketing process more organised and transparent while contributing to an improved passenger experience.As the e-ticketing partner, Shohoz Limited i...