Business Archives - Page 45 of 100

Dec202024 by No Comments

BYD Bangladesh to organize training program for local drivers

Leading electric vehicle manufacturer BYD is about to kick off a training campaign in Dhaka, Bangladesh for local drivers with a view to equipping them with the right knowledge and training required for driving new energy vehicles (NEV). As NEV is a relatively new phenomenon in the country and not so many drivers have hands-on experience of driving NEVs, this initiative is expected to play a crucial role in minimizing the knowledge gap among the drivers,opening doors to new employment opportunities within the country, equipping them with skills for driving NEVs overseas as well,and stepping towards the zero emissions and zero unemployment target of Bangladesh. Named ‘Build Your Dreams NEV (New Energy Vehicle) Training 2024’, this campaign comes as a phenomenal opportunity for Banglad...

Dec192024 by No Comments

BASIS Hosts ‘BASIS Japan Day 2024’ to Boost Bilateral Business

Breaking News, Business

To enhance Bangladesh-Japan trade relations, expand business opportunities, and showcase Bangladesh's capabilities in the ICT sector, the Bangladesh Association of Software and Information Services (BASIS) organized the ‘BASIS Japan Day 2024’ at the Renaissance Dhaka Gulshan Hotel on Tuesday, December 17, 2024. At the program, IwamaKiminori, Ambassador of Japan to Bangladesh, was present as the Chief Guest. Special Guests included the Secretary of the ICT Division, Shish Haider Chowdhury; Policy Advisor (ICT Coordination & Reform) of the ICT Division, FaizAhmad Taiyeb were also present. The event witnessed the presence of members of the BASIS Support Committee, representatives from various IT companies, Japanese business leaders, and officials from government and private organiza...

Dec192024 by No Comments

Bangladesh Bank organises workshop on financial literacy for journalists

Breaking News, Business

Bangladesh Bank has organised a workshop to disseminate financial literacy activities undertaken by the central bank to the media people. The daylong workshop titled ‘Central Banking Concept with Financial Literacy’ was aimed at informing the journalists about the significance of financial awareness and its impact on people and society for national development. More than 150 journalists who are members of Economic Reporters’ Forum took part in the capacity building session held at Hotel Purbani International in Dhaka on December 11, 2024. Ms. Husne Ara Shikha, Executive Director, Bangladesh Bank, attended the workshop as the chief guest. Md Iqbal Mohasin, Director, Financial Inclusion Department, Bangladesh Bank, Mohammad Refayet Ullah Mirdha, President, and Abul Kashem, General S...

Dec182024 by No Comments

National Bank wins ‘Remittance Award 2024’

Breaking News, Business

National Bank has been honored with the ‘Remittance Award 2024’ by the Ministry of Expatriates’ Welfare and Overseas Employment for its exceptional contribution to remittance collection during the fiscal year 2023-24. The award ceremony was held on December 18 at the Osmani Memorial Auditorium in Dhaka, as part of the event commemorating ‘International Migrants Day and National Expatriates Day 2024’. Sheikh Akhter Uddin Ahmed, Deputy Managing Director and Milton Roy, Head of the Foreign Remittance Division of National Bank, received the award on behalf of the Bank from Dr. Asif Nazrul, Advisor to the Ministry of Law, Justice and Parliamentary Affairs, and the Ministry of Expatriates’ Welfare and Overseas Employment, and Asif Mahmud Shojib Bhuyain, Advisor to the Ministry of Youth and Sp...

Dec182024 by No Comments

Snowtex Group to enjoy BRAC Bank’s exclusive Employee Banking benefits

Breaking News, Business

Snowtex Group has chosen BRAC Bank as its employee banking (EB) partner to enable its 20,000+ employees with the bank’s exclusive EB offers and services. Snowtex officials will experience seamless and delightful banking, including salary accounts, multi-currency debit cards, credit cards, loan facilities, DPS, FD, and various benefits under BRAC Bank’s EB proposition. Md. Mahiul Islam, Deputy Managing Director and Head of Retail Banking, BRAC Bank; and Mosharrof Hossain, Director of Group Operations, Snowtex Group, recently signed the agreement at the bank’s Head Office. Snowtex, a renowned Bangladeshi woven garment manufacturer, exports high-quality apparel to top global retailers and brands across the US, Canada, UK, Japan, and Russia. Its diverse product portfolio includes down...

Dec172024 by No Comments

IBFB gets its new Leader

Breaking News, Business

IBFB elected Ms. Lutfunnisa Saudia Khan as the President, Syed Mustafizur Rahman and Engr. Utpal Kumar Das as Vice President and Vice President (Finance) respectively. Ms. Lutfunnisa Saudia Khan, is the Chairman of Bangla Phone Limited, Commlink Info Tech Limited and Newton Engineering Limited, Syed Mustafizur Rahman, Managing Director of Novo Cargo Services Ltd. and Engr. Utpal Kumar Das, Chairman & Managing Director of Powertrac Group. Mr. Humayun Rashid will be present at the board as Immediate Past President. Among others Major General (Retd.) Mohammad Shamim Chowdhury, Director of Therap (BD) Limited, M.A. Hashem, Chairman of Sajeeb Group, Mohammad Ershad Hussain Rana, Chairman & CEO of Dawn Group of Companies, Md. Fakhruddin, Managing Director of United Investment &a...

Dec172024 by No Comments

eLAP: Transforming the Loan Process for Bangladesh’s SMEs

Breaking News, Business

Accessing a loan in Bangladesh’s banking industry may often feel like navigating a maze of endless paperwork. Business owners and entrepreneurs face a time-consuming journey to secure financing, a long list of documents, paperwork, and multiple visits from Relationship Officers (ROs) for signatures—a process that can stretch over weeks. BRAC Bank decided it was time for a smarter approach. In 2022, the bank introduced the Electronic Loan Application Proposal (eLAP), a digital platform designed for faster and more efficient loan applications. By December 2023, eLAP had been rolled out across 556 SME Unit Offices nationwide, transforming SME banking in Bangladesh. And it has truly turned things around. Before eLAP, the loan process involved multiple stages, from business initiato...

Dec172024 by No Comments

Ami Probashi Partners with Shikho to Revolutionize Learning for Aspiring Migrants

Breaking News, Business

Ami Probashi, a leading digital platform dedicated to simplifying the migration journey for Bangladeshi workers, has partnered with Shikho, one of the largest e-learning platforms in Bangladesh. This collaboration aims to provide exclusive learning materials and courses tailored for aspiring migrant workers, enabling them to gain essential skills and knowledge for a successful transition abroad. The partnership will integrate a range of courses onto the Ami Probashi platform, offering migrants access to language training in Arabic and other foreign languages, plane etiquette, airport training, and other crucial resources designed specifically for migrant communities. In addition, Shikho’s expansive catalog of educational videos and training materials will also be available to Ami Probas...

Dec162024 by No Comments

10 Bangladeshi firms join Bloomberg sustainability rankings

Breaking News, Business

The recently revealed updated Bloomberg data shows an evident sign of development in terms of embracing sustainability in the country’s corporate world as three more Bangladeshi listed firms have made it to the Bloomberg Environmental, Social, and Governance (ESG) club, taking the total number of firms (from Bangladesh) in the list to 10 (ten), commendable progress from the last year where seven Bangladeshi firms were on this list. Ten local companies, including six homegrown firms, were featured on this prestigious list, with three new entries, namely, BSRM Limited, LafargeHolcim Bangladesh, and MJL Bangladesh. This achievement highlights the country’s growing commitment to sustainability and adopting ESG compliance. Based on 2023 sustainability disclosures, seven other firms that have...

Dec152024 by No Comments

Govt decides to separate tax policy from collections; Dr Salehuddin

Breaking News, Business

Finance adviser to the interim government Dr Salehuddin Ahmed on Sunday said the government has decided to separate tax policy from tax collection activities to ensure proper functioning of the country’s revenue board. The finance adviser said the move of separating two major parts of the National Board of Revenue (NBR) has long been discussed but unfortunately it has not been implemented yet. “We have decided in principle to separate the tax policy part from the tax collection. It means people who make tax policy will not be responsible to collect tax. But it may take some time,” he said while speaking as the chief guest at the opening session of Annual Conference 2023 of International Business Forum of Bangladesh (IBFB). The IBFB hosted the event at Gulshan Club in the city where ...