Business

Nov262024 by No Comments

BYD celebrates 30th anniversary with 3-day carnival

BYD (Build Your Dreams), a leading electric vehicle manufacturer, has recently celebrated its 30th anniversary with the roll-off of its 10-millionth NEV at its Xiaomo Production Base in the Shenzhen-Shanwei Special Cooperation Zone. To enhance the celebration, BYD Bangladesh has organized a 3-day carnival, called BYD PowerPlay. The carnival took place from November 21 to 23, 2024, at BYD Bangladesh Flagship Showroom in Tejgaon’s Shaheed Tajuddin Ahmad Sharani.The 30th anniversary and rolling off 10 million NEV marks BYD’s steadfast commitment to sustainable transportation and strengthens its position as a global leader in the automotive industry. BYD is now the first automaker in the world to achieve such a groundbreaking figure – 10 million. To celebrate such a milestone, BYD Banglade...

Nov252024 by No Comments

BRAC Bank partners DHL for eco-friendly shipping initiative

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BRAC Bank has entered into a strategic partnership with DHL, the world-renowned logistics company, to introduce the GOGREEN Plus Carbon Reduced Shipping Service, reaffirming its commitment to environmental sustainability.Md. Sabbir Hossain, Deputy Managing Director & Chief Operating Officer of BRAC Bank, and Md. Miarul Haque, Managing Director of DHL Express Bangladesh, formalised the partnership on November 21, 2024, at the BRAC Bank head office.The GOGREEN Plus package shows the bank’s strong commitment to sustainability by actively reducing its carbon footprint through DHL’s green logistics solutions.BRAC Bank becomes the second commercial bank in Bangladesh to adopt this eco-friendly shipping initiative, which aligns with its broader sustainability goals and ongoing com...

Nov252024 by No Comments

National Bank Recognized as the Top Remittance Bank Receiver

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National Bank Limited was recently recognized as the "Top Remittance Bank Receiver 2024" at the "Bangladesh Remittance Fair 2024" held in the United States. The event recognized National Bank for being the second highest receiver of remittances sent from the United States to Bangladesh. The award was presented at a ceremony at the Bank's Head Office on 25 November 2024 in Banglamotor, Dhaka. The crest was handed over to Abdul Awal Mintoo, Chairman of National Bank Limited, by Raihanul Islam Chowdhury, Senior Vice President of the Bangladesh-US Chamber of Commerce and Industry. Md. Touhidul Alam Khan, Managing Director & CEO, Deputy Managing Directors Sheikh Akhtar Uddin Ahmed, Imran Ahmed, Mohammad Abdul Matin, and Milton Roy, Head of the Foreign Remittance Division of National Bank an...

Nov252024 by No Comments

UCB Holds Workshop to Empower Tea Workers in Panchagarh

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United Commercial Bank PLC (UCB) recently organized a workshop for tea cluster entrepreneurs in Panchagarh District. The event aimed to enhance financial literacy and explore growth opportunities within the tea industry. The workshop was graced by the presence of Nawshad Mustafa, Director, SMESPD of Bangladesh Bank, as the chief guest. Other distinguished attendees included Rezaul Karim Siddique, Agriculture Analyst; Muhammad Nazmul Haque, Additional Director, SMESPD, Bangladesh Bank; S.M. Moinul Hossain, Head of Credit Risk Management (SME & Retail) UCB; and Mohammad Salim Chowdhury, Head of SME & Agri Banking Division, UCB. The program included a panel discussion, Question & Answer session, and a financial literacy session. The discussions highlighted SME-focused banking se...

Nov242024 by No Comments

Banglalink Awarded by PMI Bangladesh for Establishing Future-Ready Infrastructures

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Banglalink has won the prestigious ‘Project Management Awards 2024’ from the Project Management Institute (PMI) Bangladesh, a U.S.-based not-for-profit professional organization for project management.The recognition was awarded for ‘Cumilla DC DR Project’ which excelled in three categories: Project of the Year, Project Manager of the Year, and runner-up Program Management Office (PMO) of the year. The award ceremony was held at Radisson Blu Water Garden, Dhaka.The achievement highlights Banglalink’s successful deployment of its Disaster Recovery (DR) Data Center, a vital initiative ensuring uninterrupted digital services during disruptions. By safeguarding critical systems and enabling swift recovery from events like technical failures, cyberattacks, and natural disasters, the DR ...

Nov242024 by No Comments

CMSMEs receive spot loans at Open Loan Distribution Programme in Sylhet

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As part of a Bangladesh Bank initiative, a focus group discussion with beneficiaries of the BDT 25,000 crore prefinancing scheme and an open loan distribution programme was held in Sylhet to offer spot loan facilities to CMSME entrepreneurs.The initiative, initially launched under Bangladesh Bank’s refinancing scheme and later converted to prefinance scheme, demonstrates the commitment to empowering Cottage, Micro, Small & Medium businesses (CMSME).As the lead bank, BRAC Bank organised the event in compliance with Bangladesh Bank's directive. Officials from other banks operating in Sylhet participated in this programme, held on November 16, 2024, at a hotel in Sylhet.Nawshad Mustafa, Director of the SME and Special Programmes Department of Bangladesh Bank, Head Office, was ...

Nov242024 by No Comments

National Bank holds Strategic Review Meeting

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National Bank held a strategic review meeting on November 23, 2024, at the National Bank Training Institute in Dhaka, focusing on current and upcoming action plans for the next year. Md. Touhidul Alam Khan, Managing Director & CEO of the Bank, attended the meeting as the chief guest. The Deputy Managing Directors Sheikh Akhter Uddin Ahmed, Imran Ahmed, and Md. Abdul Matin along with Executives, Officers from various divisions, and Branch Managers, were also present. During the meeting, Md. Touhidul Alam Khan provided valuable guidance and outlined strategic roadmaps on key priorities, including recovering default loans, addressing the ongoing liquidity crisis, future business planning, deposit mobilization, loan disbursement, and improving customer service excellence. He assured atten...

Nov232024 by No Comments

BRAC Bank joins hands with NBR to facilitate smooth online payment of tax returns

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In a move to enhance taxpayer convenience and streamline the tax payment process, BRAC Bank has set up a booth at the National Board of Revenue (NBR) Office in Dhaka on the occasion of "Income Tax Information—Service Month 2024."The booth aims to facilitate citizens' tax payments through an automated challan system. This system allows taxpayers to deposit cash or make payments via digital channels, making tax transactions smooth, efficient, and time-saving.Ms. Sharmin Ferdousi, Commissioner of Tax Zone 11, NBR, and Mohammad Abdul Ohab Miah FCA, Financial Controller, BRAC Bank, inaugurated the booth at Tax Zone 11 Office in Dhaka. Major Mohammad Arif Chowdhury (Retd.) Unit Head Transaction Banking, BRAC Bank, and senior officials of Tax Zone 11 were present at the ceremony.Durin...

Nov232024 by No Comments

10th LEATHERTECH BANGLADESH 2024 Starts

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10th International Technology Tradeshow LEATHERTECH BANGLADESH 2024 on LEATHER, FOOTWEAR MACHINERY, SHOE MATERIALS,CHEMICAL & ACCESSORIES for FOOTWEAR & LEATHERGOODS Sector has started on November 21, 2024 at Expo Zone of International Convention City, Bashundhara (ICCB), Dhaka. The tradeshow will go on till 23 NOVEMBER 2024.Shah Mohammad Mahboob, Executive Member (Additional Secretary), Marketing & Communication, Bangladesh Investment Development Authority (BIDA), served as the chief guest at the inauguration program. The event was further enriched by the presence of esteemed dignitaries, including A.K.M. Mushfiqur Rahman Masud, President of the Leather Engineers & Technologists Society, Bangladesh; Md. Golam Shahnewaz, Managing Director of Dhaka Tannery Industrial Est...

Nov222024 by No Comments

BRAC Bank to provide collateral-free loans to BASIS members

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BRAC Bank has entered a partnership with the Bangladesh Association of Software and Information Services (BASIS) to provide collateral-free financing to its members, marking a major step in supporting Bangladesh's ICT sector’s growth and innovation.It will be a big boost for the country’s ICT sector, as more than 2,500 BASIS members can now avail themselves of a collateral-free loan and One-Stop Service from BRAC Bank.The strategic alliance outlines a tailored financing solution specifically designed for BASIS members. This solution provides them with streamlined access to funding to accelerate their entrepreneurial goals and contribute to the country’s economic growth.This collateral-free loan offering demonstrates BRAC Bank’s commitment to fostering innovation and supporting ...