Business

Feb242025 by No Comments

BRAC Bank Mandated to Raise BDT 1,500 Crore for City Sugar Industries through Mortgage-Backed Zero Coupon Bond

BRAC Bank has been entrusted by City Sugar Industries Limited, a flagship concern of City Group and an AAA-rated corporate entity, to facilitate fund mobilization through the issuance of the Teer 100% Mortgage-Backed Zero Coupon Bond worth BDT 1,500 crore (Face Value).The bond issuance is subject to approval from the Bangladesh Securities and Exchange Commission.This pioneering three-year bond, fully secured and structured to offer an attractive return, is designed to cater to a diverse investor base, including individuals and corporate entities across Bangladesh. By introducing this medium-term financial instrument, the initiative aligns with the evolving risk appetites of institutional and retail investors while contributing to the deepening of the country’s capital market.Th...

Feb232025 by No Comments

11th Digital Summit Unites Industry Leaders to Shape the Future of Digital Transformation

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Bangladesh Brand Forum hosted the highly anticipated 11th edition of the Digital Summit, presented by Meghna Group of Industries (MGI), at InterContinental, Dhaka, on Saturday, February 22, 2025. This significant event served as a premier platform for distinguished industry leaders, digital experts, marketing professionals, and business strategists to convene and explore the dynamic and ever-evolving digital landscape. The summit facilitated in-depth discussions on how businesses and brands can navigate the complexities of digital transformation while staying attuned to shifting consumer behaviors and emerging technological innovations.Guided by the overarching theme “Digital Renaissance: Innovating for Tomorrow’s Consumer,” this year’s summit took a forward-thinking approach to analyz...

Feb222025 by No Comments

BRAC Bank to provide student fee collection service to East West University

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BRAC Bank has entered into an agreement with East West University to provide student fee collection services.This partnership aims to ensure seamless and efficient fee collection facilities for the university and its students. The technological integration between the two organisations will facilitate secure, smooth, and real-time fee and charge payments.Students and their guardians will benefit from BRAC Bank’s extensive distribution network, which includes 189 branches, 74 sub-branches, and over 1,100 agent outlets for fee deposits. The bank will also integrate its Astha App and Online Payment Gateway to further streamline payment processes.Sheikh Mohammad Ashfaque, Deputy Managing Director and Head of Branch Distribution Network at BRAC Bank, and Air Cdre (Retd) Ishfaq Ilahi...

Feb202025 by No Comments

Bangladesh Team Meets Japanese Business Leaders to Strengthen Trade

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A high-level delegation from Bangladesh, led by Mr. Chowdhury Ashik Mahmud Bin Harun, Chairman of the Bangladesh Investment Development Authority (BIDA), met with top Japanese companies and business groups in Osaka to build stronger trade and investment ties. This effort is part of Bangladesh’s plan to attract more foreign direct investment (FDI) and expand its international trade network. The delegation also included the BIDA Director General, Head of Business Development, representatives from Bangladesh Bank and the National Board of Revenue (NBR), and the Commercial Counsellor from the Bangladesh Embassy in Tokyo.The team met with Mr. Shoji Uehara, Executive Officer of Daikin Industries Ltd., a world leader in air conditioning, automotive products, and semiconductors. Daikin showed ...

Feb202025 by No Comments

Orange Club members to enjoy special discount at Holiday Inn Dhaka

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Country’s innovative digital operator Banglalink has partnered with Holiday Inn Dhaka City Centre to elevate the lifestyle experience of its Orange Club members.Banglalink prioritizes its customers and their lifestyle needs. As part of its continued endeavors, the digital operator often comes up with offers to enhance customers’ experience. In its continuation, Banglalink has inked a deal with Holiday Inn. Under this partnership, Orange Club members, Banglalink's loyalty programme, can avail 20% discount on all the food & beverage outlets of the hotel. From Banglalink, its Loyalty Program’s Senior Manager Zain Zaman; Loyalty Partnership Manager Shahadat H Mazumder; and from Holiday Inn, its Director of Operations Shahidus Sadeque Talukder; Director of Finance & Business Suppor...

Feb202025 by No Comments

BRAC Bank expands global remittance network with six new international partners

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BRAC Bank has strengthened its international remittance network by partnering with six leading exchange houses in the UK, Canada, Italy, the UAE, Oman, and Qatar.This strategic move enhances financial services for Bangladeshi wage earners abroad, ensuring secure and seamless money transfers.With BRAC Bank’s trusted digital remittance channels, expatriates can now send money home more conveniently. Many new partners offer app-based, cashless transactions, enabling a fully digital experience. Migrants can transfer funds instantly to BRAC Bank accounts and access full-fledged internet banking through BRAC Bank’s digital banking app, Astha.BRAC Bank’s continued expansion enhances connectivity for remittance beneficiaries with expatriates from all over the world, including the Middl...

Feb192025 by No Comments

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

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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’

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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...