Business

Dec182024 by No Comments

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

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

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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

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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 ...

Dec142024 by No Comments

National Bank holds Regional Business Conference (Barishal)

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National Bank hosted its Regional Business Conference for Barishal on Saturday, December 14, 2024, at Hotel Grand Park in Barisal. The event was graced by Mr. Abdul Awal Mintoo, Chairman of National Bank, as the Chief Guest. The conference was attended by Mr. Moazzam Hossain, Vice Chairman & Sponsor Director; Mr. Md. Abdus Satter Sarkar, Independent Director & Chairman of the Audit Committee and Mr. Md. Zulkar Nayn, Independent Director. Also present were Mr. Md. Touhidul Alam Khan, Managing Director & CEO; Region Managers of Khulna and Shariatpur, along with Branch Managers, Operations Managers, and Sub-branch Managers from the Khulna and Shariatpur Region.During the event, Chairman Abdul Awal Mintoo encouraged all employees to commit themselves with renewed enthusiasm to ...

Dec142024 by No Comments

160 agro-entrepreneurs from Sherpur receive skill development training

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United Commercial Bank PLC (UCB), under the agricultural support scheme 'Bhoroshar Notun Janala', has recently organized a skill development training program for agri-entrepreneurs hailing from Sherpur. This is the 59th district where UCB conducted this skill development program. The day-long program was held at the auditorium of Sherpur Shilpakala Academy on 12 December 2024. A total of 160 participants from 5 upazilas attended the training program. Following the directives of the Bangladesh Bank, UCB has been organizing such training in different districts of the country for promising agricultural entrepreneurs as part of its Corporate Social Responsibility (CSR) initiative. Rezaul Karim Siddique, Presenter of BTV's agriculture-based show 'Mati O Manush' and an agricultural analyst, wa...

Dec122024 by No Comments

BRAC Bank drives disability inclusion at ‘EmpowerAbility’ conference

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BRAC Bank, in collaboration with the Bangladesh Business and Disability Network (BBDN), supported by the International Labour Organisation (ILO) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, hosted a national conference titled "EmpowerAbility: Powering Every Ability" to promote disability inclusion and empowerment.The conference took place at the Bangladesh International Convention Centre (BICC) on December 11, 2024.As part of BRAC Bank's flagship Corporate Social Responsibility (CSR) initiative, Aporajeyo Ami, this event aimed to unite diverse stakeholders for meaningful dialogue and develop actionable strategies to enhance disability inclusion across various sectors in Bangladesh.The conference featured Chief Guest Brig Gen (retd) Dr M. Sakhawat Huss...

Dec122024 by No Comments

Robi leads sustainable rehabilitation for flood-affected communities in Feni

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Robi Axiata PLC has undertaken various sustainable initiatives to support the post rehabilitation of flood-affected communities in Feni. In collaboration with the Give Bangladesh Foundation, Robi is working to build post-disaster resilience among those impacted in Parshuram Upazilla, Feni, with a focus on education, agriculture, and environmental recovery.The devastating floods that struck the greater Noakhali and Feni regions of Bangladesh during August and September this year left countless people homeless and without livelihoods. Farmers and professionals from various sectors were severely affected, and educational institutions, along with other critical infrastructure, suffered significant damage. While Robi’s sustainability team provided immediate relief during the floods, the ope...