Business

Jul132026 by Statement DeskNo Comments

UCBD signs MoU with Karmo Group to strengthen industry–academia collaboration

As part of its ongoing efforts to strengthen industry–academia collaboration, Universal College Bangladesh (UCBD) has signed a Memorandum of Understanding (MoU) with leading bedding manufacturer Karmo Group of Industries.Through the partnership, UCBD and Karmo Group will collaborate on initiatives that promote experiential learning, industry engagement, internships, and career development, equipping students with practical skills, professional exposure, and greater career readiness.The MoU was signed by Kingshuk Gupta, Chief Operating Officer of Universal College Bangladesh, and Diwan Shahriar, Director of Karmo Group of Industries. Shah Yousha Ahmed, General Manager, Corporate Relations at Universal College Bangladesh, attended the signing ceremony along with senior representative...

Jul132026 by Statement DeskNo Comments

Banglalink earns four accolades at CIPS Asia Excellence in Procurement and Supply Awards 2026

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Banglalink, the country's leading digital operator, has received four prestigious recognitions at the CIPS Asia Excellence in Procurement and Supply Awards 2026, reaffirming its commitment to innovation, sustainability, social impact, and procurement excellence on the international stage.Organized by the Chartered Institute of Procurement and Supply (CIPS), the CIPS Asia Excellence in Procurement and Supply Awards were held in Singapore from July 7 to 9, 2026. Regarded as one of the Asia-Pacific region's most prestigious recognitions in procurement and supply chain management, the awards celebrate organizations that demonstrate outstanding innovation, strategic impact, and excellence.Competing alongside leading multinational organizations from across the region, Banglalink was hono...

Jul132026 by Statement DeskNo Comments

Guardian posts 34.3% growth in H1 2026 claim settlements

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Guardian Life Insurance Limited has continued its strong claims settlement momentum, settling insurance claims worth Tk 334.09 crore during the first half (January–June) of 2026. The amount is 34.3 percent higher than the Tk 248.81 crore settled during the corresponding period last year, extending the company's upward trajectory in claim settlement.During the six-month period, Guardian disbursed a total of 131,593 claims across life, health, policy maturities and other claims. Of the total amount settled, Tk 175.24 crore was paid against 23,740 death claims, while Tk 140.21 crore was disbursed for 104,259 health insurance claims. The company also settled 3,594 claims under policy maturities and other claims, amounting to Tk 18.65 crore.The steady rise in claim settlement builds on ...

Jul132026 by Statement DeskNo Comments

BRAC Bank inaugurates flagship Tejgaon Principal Branch

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BRAC Bank has strengthened its presence in Dhaka with the inauguration of its flagship Tejgaon Principal Branch at Shanta Pinnacle on the Tejgaon–Gulshan Link Road.Located in Bangladesh's first 40-storey commercial skyscraper, the branch offers a premium banking experience with state-of-the-art digital banking solutions, including Bangladesh's first Digital Clearing Cheque Kiosk integrated with BACH, a Premium Banking Lounge, Queue Management System, and a dedicated Digital Corner.The branch was inaugurated by Tareq Refat Ullah Khan, Managing Director and CEO. The ceremony was attended by M. Anisul Haque, FCMA, Executive Director, Group Finance, Shanta Holdings; Masud Rana, FCA, Additional Managing Director; Sheikh Mohammad Ashfaque, Deputy Managing Director & Head of Branch Di...

Jul112026 by Statement DeskNo Comments

BRAC Bank and Tarupallab honour six environment heroes with Dwijen Sharma Poribesh Padak 2025

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BRAC Bank, in collaboration with Tarupallab, has presented the Dwijen Sharma Poribesh Padak 2025 to six distinguished individuals and institutions for their outstanding contributions to biodiversity conservation, environmental research, afforestation and ecological awareness in Bangladesh.The awards were presented at a ceremony held on July 10, 2026 at the Bangla Academy in Dhaka.Abdul Awal Mintoo, Honourable Minister of Environment, Forest and Climate Change, Government of Bangladesh, attended as the Chief Guest, while Nazma Mobarek, Secretary of the Financial Institutions Division, Ministry of Finance, attended as the Special Guest.Named after late Professor Dwijen Sharma—one of Bangladesh’s most celebrated botanists and naturalists—the award recognises individuals and organi...

Jul92026 by Statement DeskNo Comments

BRAC Bank Secures EUR 60 Million EIB Facility to Accelerate Bangladesh’s Green Transition

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BRAC Bank has secured a landmark EUR 60 million long-term financing facility from the European Investment Bank (EIB), marking the longest-tenor funding ever extended by a development finance institution to a commercial bank in Bangladesh.Arranged through BRAC Bank's Offshore Banking Unit, the 12-year facility will expand access to long-term green financing, enabling businesses to accelerate sustainable investments and strengthen Bangladesh's transition towards a greener economy.The financing will support businesses, particularly in the ready-made garment and textile sectors, to invest in circular economy initiatives, renewable energy, energy efficiency and sustainable waste management. As one of Bangladesh's largest export industries, the sector stands to benefit from increased acc...

Jul82026 by Statement DeskNo Comments

Uber Launches in Sylhet

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Uber, Bangladesh's leading ridesharing app, yesterday announced the launch of its services in Sylhet, marking another milestone in the company's continued expansion across the country. Starting today, residents and visitors can request rides through the Uber app, while drivers in the city will have access to flexible earning opportunities.The launch brings Uber's reliable, convenient, and affordable mobility solutions to one of Bangladesh's fastest-growing cities, making it easier for people to move around Sylhet while supporting local economic opportunity through flexible work.As one of Bangladesh's fastest-growing cities and a key hub for tourism, education, and commerce, Sylhet continues to see growing demand for dependable transportation. Uber's launch in the city will help mak...

Jul82026 by Statement DeskNo Comments

BRAC Enterprises inaugurates Greenpak factory

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BRAC Enterprises has inaugurated its Greenpak factory in the Tongi Industrial Area of Gazipur, marking a significant step towards advancing environmentally friendly and sustainable packaging solutions in Bangladesh. The facility has the capacity to produce 300–350 metric tonnes of eco-friendly, biodegradable packaging annually. Unlike conventional plastic, the biodegradable products manufactured at the factory naturally decompose within six months.The Greenpak factory was formally inaugurated on Tuesday, 7 July 2026, by Tamara Hasan Abed, Managing Director of BRAC Enterprises.Speaking at the inauguration, Tamara Hasan Abed said, "At BRAC Enterprises, we believe business is not only a driver of economic growth but also a powerful force for positive social and environmental change. G...

Jul72026 by Statement DeskNo Comments

Early Exposure to Sports, Education, and Mentorship Key to Building Confidence, Study Finds

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A new multinational study from MetLife reveals a striking “confidence gap”: while most adults describe themselves as resilient, their confidence drops by 72% when faced with real-life setbacks.The Confident Pathways Report, conducted across the United States, United Kingdom, Japan, and Mexico, was designed to better understand how confidence is built and sustained throughout life. The findings underscore the role of opportunity, preparedness, and support in building confidence, factors that help people navigate uncertainty, recover from setbacks, and pursue their goals.Commenting on the report, Ala Ahmad, Chief Executive Officer, MetLife Bangladesh, said: “As the world comes together during the ongoing Football World Cup, it is a powerful reminder of how important sports are in sha...

Jul72026 by Statement DeskNo Comments

Banglalink Partners with Winrock International to Empower Survivors of Human Trafficking

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Banglalink, the country's leading digital operator, has partnered with US-based nonprofit Winrock International through the Ashshash project, which is supported by the Embassy of Switzerland in Bangladesh, to create sustainable livelihood opportunities for survivors of human trafficking through the Banglalink Power application.The partnership will enable participants to use the platform to offer digital recharge and related services while promoting the safe and responsible use of digital tools.To formalize the initiative, Banglalink and Winrock International recently signed a Memorandum of Understanding (MoU) at Tiger's Den, Banglalink's headquarters in Dhaka. The MoU was signed by Muhammad Mehedi Hasan, Sales and Distribution Director of Banglalink, and Dipta Rakshit, Country Repr...