Business

Oct312024 by No Comments

Electric Motorcycle Brand Revoo Bangladesh Launches Thakurgaon Showroom

Revoo Bangladesh, a renowned global electric motorcycle brand, is thrilled to announce the grand opening of its new showroom in Thakurgaon at Rahabar Market, Panchaghar Road. This launch marks an exciting new chapter in Revoo’s mission to bring sustainable, Smart, innovative transportation solutions to communities across Bangladesh, expanding accessibility to smart mobility in the northern regions.The Thakurgaon showroom will feature Revoo’s full lineup of electric motorcycles, including the versatile A01, the efficient and feature-rich C00, and the high-performance luxury model C03. The A01 is tailored as the perfect commuting partner, offering safety and reliability for everyday travel. Meanwhile, the C00 combines advanced features with affordability, reaching a max speed of 55 km/h ...

Oct312024 by No Comments

Robi’s revenue tumbles for internet shutdown and flash flood

Breaking News, Business

The prolonged internet shutdown and the devastating flash flood dealt a heavy blow to Robi’s revenue for the third quarter (July-Sept) of the year (Q3’24), as the company’s revenue declined by 5% from last quarter.The company reported a revenue of 2,474.4 crore taka for Q3’24, reflecting a year-on-year (YoY) decrease of 2.7%. For the first nine months of the year, total revenue reached 7,594.6 crore taka, marking a 2.2% growth from the same period last year.In Q3’24, voice revenue increased by 3.7%, while data revenue saw a significant decline of 15.5% compared to the previous quarter. YoY voice revenue grew by 3.9%, while data revenue decreased by 10.3%.Robi shared this information in a press release today. The Company’s active subscribers base decreased to 5 crore 79 lakhs du...

Oct302024 by No Comments

Nahian Rahman Rochi Appointed Head of Business Development at BIDA

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Bangladesh Investment Development Authority (BIDA), the country’s leading investment promotion agency, has appointed Nahian Rahman Rochi as its new Head of Business Development. This key role, announced in an official notification from BIDA, aims to support the agency’s mission to foster economic growth and enhance Bangladesh’s appeal as an investment destination.In this position, Mr. Rochi will join BIDA’s senior leadership team, which includes high-ranking officials from the public administration. Reporting directly to the Executive Chairman, he will focus on advancing investment opportunities and improving Bangladesh’s business environment, aiming to create a more attractive landscape for investors."I am happy to join BIDA and excited with the opportunity to contribute to Bangla...

Oct302024 by No Comments

UCB’s net profit saw 32% increase as third quarter ends, stands at BDT 262 Crore

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United Commercial Bank PLC Limited (UCB), held its 501st Board meeting on recently at its corporate head office. The meeting was presided by the distinguished businessperson and Chairman of UCB Sharif Zahir. Md Shazzad Hossoin, vice-chairman of UCB; Md Yusuf Ali, chairman of the risk management committee; Obaidur Rahman, chairman of the audit committee; and Mohammad Mamdudur Rashid, managing director and CEO of UCB were all present in the meeting along with others from the senior management. In this meeting, the Board approved the financial statements of Q3'24. The statements have reported a significant 32% increase in net profit for the first nine months of 2024. The bank's net profit after tax reached BDT 262 crore, up from BDT 199 crore in the same period last year, driven by higher i...

Oct222024 by No Comments

Backpage PR Appointed by Daraz Bangladesh for Strategic Communications Partnership

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The largest online marketplace in Bangladesh, Daraz, has appointed Backpage PR, a Starcom Bangladesh company to manage PR duties for three months. This collaboration aims to strengthen Daraz's communication strategies and boost positive brand visibility among the local communities. A Memorandum of Understanding (MoU) signing ceremony was held earlier to kickstart the collaboration with representatives from both organizations.Founded in 2015, Daraz is South Asia's leading e-commerce platform, operating in five countries and serving 500 million people. It integrates e-commerce, logistics, and financial services to offer a personalized shopping experience and empower communities through the power of commerce.

Oct192024 by No Comments

ATAB issues 9-point demand to remove syndicates & discrimination

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It is crucial to issue guidelines by the concerned ministry to prevent trade discrimination, says the association presidentThe Association of Travel Agents of Bangladesh (ATAB) has put forward a nine-point demand that includes the formulation of guidelines on group ticketing and measures to stop hoarding and syndicates in air ticket sales. It also sought the formulation of appropriate regulations for managing online travel agency (OTA) businesses. "The expansion of the travel agency business has created opportunities. But it also brought challenges like discrimination and irregularities among the businesses," said ATAB President Abdus Salam Aref at a press conference held at a Dhaka hotel today (19 October). "Immediate steps must be taken to stop the provision of incentives against the ...

Oct172024 by No Comments

UCB Partners with D Money to enhance banking services

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United Commercial Bank PLC (UCB) has officially signed an agreement with D Money Bangladesh, a leading payment service provider, to enhance banking services for their customers. This partnership includes a range of services, such as the Trust Cum Settlement Account, options to add money from UCB to D Money, and seamless money transfers from D Money to UCB. The signing ceremony was attended by key representatives from both organizations, including Nabil Mustafizur Rahman, Additional Managing Director of UCB; Md Abdullah Al Mamoon, Deputy Managing Director; and Md. Sekander-E-Azam, SEVP and Head of Transaction Banking. From D Money, attendees included Mohammad Arif Hossain, CEO; Siraj Siddiquey (Shakil), CBO; and Zayeed Al Karim, Head of Operations & Partnership Management. This collab...

Oct172024 by No Comments

Guardian Life Sales Conference 2024 was held

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In a captivating assembly at Hotel Sea Palace, Cox's Bazar, Guardian Life Insurance Limited proudly held its Annual Sales Conference 2024, themed around the vibrant slogan 'Odommo Guardian'.The event featured the esteemed presence of CEO Mr. Sheikh Rakibul Karim, FCA, along with Mr. Mahmudur Rahman Khan, SEVP & Head of Retail Business and other senior management members. High performing members from Guardian Life gathered to celebrate the remarkable achievements of 2023 while motivating the company’s retail sales force to sustain their exceptional momentum.Welcoming over 800 distinguished sales managers and financial associates from across the nation, the conference recognized 18 outstanding performers in a momentous prize-giving ceremony. The Head of Retail Business at Guardia...

Oct162024 by No Comments

Grameenphone Academy Launches ‘Freelancing Factory’

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Grameenphone, through it's free Learning Management System, Grameenphone Academy, has launched 'Freelancing Factory', an initiative designed to equip students with the necessary training, and mentorship required to build a freelancing career. This program aims to bridge job market gaps, unlock economic potential, and empower the next generation, ushering in a new era for Bangladesh's youth.During the inauguration event of the 'Freelancing Factory' initiative at GPHouse in Dhaka recently, the mentors conducted a workshop to introduce the program's structure to participants. They outlined the various components of the initiative and addressed students' questions, providing valuable insights on how the program will support their success in freelancing. The program includes 64 interactive ...

Oct162024 by No Comments

Emirates Holidays launches operations in Bangladesh

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Emirates Holidays has opened the doors of world tourism for the travel lovers of Bangladesh. The company has appointed Simon Holidays, a subsidiary of the country's leading tours and travel company Simon Group, as its agent in Dhaka. From now on, anyone can take advantage of all the services of Emirates Holidays through Simon Holidays. A customer can buy tickets and tour packages of all the networks of Emirates Airlines at an especially affordable price.A ceremony was held at the Simon Centre in Gulshan to mark the occasion. Among others, Emirates Airlines Area Manager Jaber Mohamed, Association of Travel Agents of Bangladesh-ATAB President Abdus Salam Aref, Emirates Airlines Sales Manager Mohammad Zaved Rahman and Saimon Group Managing Director Afsia Jannat Saleh were present at the e...