Business

Oct72024 by No Comments

UCB Investment Limited marks four years of excellence

UCB Investment Limited (UCBIL), a subsidiary of United Commercial Bank PLC (UCB), has recently celebrated its fourth anniversary, reflecting on a journey marked by success and industry recognition. The celebration coincided with the company's latest accolade: "Best Securities House" in Bangladesh for 2024, awarded by Euromoney, reinforcing UCBIL's standing as a leader in Bangladesh's financial sector. This prestigious award highlights UCBIL's prominence among merchant banks, stock brokerages, asset management firms, and other key capital market institutions in Bangladesh. In addition to this recent award, UCBIL has won several accolades in the last four years, including recognition as the Best Investment Bank by both Euromoney and FinanceAsia in 2023 and 2024, and by Asiamoney in 2023. Th...

Oct52024 by No Comments

Bangladesh Retail Congress 2024 Explores Innovation and Sustainability in the Retail Sector

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Bangladesh Retail Forum initiated the 7th edition of SHWAPNO presents Bangladesh Retail Congress 2024 powered by Singer | beko (Singer Bangladesh Limited); Konka and Gree (Electro Mart Limited) in Association with MINISO, IDC Bangladesh PLC, with this year’s theme, with this year’s theme, "Retail Renaissance: Inspiring Innovation." Held at Le Méridien Dhaka on October 5, the day-long summit focused on the transformative changes in the retail industry driven by technological advancements, evolving consumer preferences, and a heightened emphasis on sustainability. The summit aimed to empower retail leaders with insights and strategies to lead this renaissance, creating a future where retail is more connected, sustainable, and customer-centric.Bangladesh Retail Congress 2024 brought toget...

Oct32024 by No Comments

Banglalink’s ‘MyBL Super App’ wins “Digital Nations” Awards

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Innovative digital operator Banglalink has brought home another laurel from an international platform. Banglalink has earned the “Excellence in Digital Inclusion Award” for the “MyBL Super App: Revolutionizing Healthcare in Rural Bangladesh” campaign at the GSMA’s M360 Asia-Pacific event.The announcement was made at the M360 APAC Digital Nations Award in Seoul, South Korea—GSMA’s annual flagship event for the Asia Pacific region. Hande Asik, Group Director of Strategy and Communications at VEON, Banglalink’s parent company, received the award on behalf of the company on 1 October 2024.It is mentionable that the “Digital Nations Award” recognizes the contributions of mobile technology in expediting digital transformation across nations. The competition attracted submissions from 11 ...

Oct32024 by No Comments

DBH opens its new branch in Barishal

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DBH Finance PLC. (DBH), the largest housing finance institution of the country, recently inaugurated its branch in Barishal city. The branch aims to offer home loan and deposit services to the people living in Barishal city and adjacent areas. This is 16th branch of DBH and located on the 2nd floor of Khan Faiz Shotaiyu Bhabon, Sahid Nazrul Islam Sarak (Police Line Road) of Barishal city.Nasimul Baten, Managing Director and CEO of DBH, formally inaugurated the branch in a simple ceremony held at the branch recently. Prominent developers of Barishal city and other high officials of DBH attended the branch's opening ceremony.With this new branch, DBH now has a footprint across all divisions of Bangladesh, covering the major cities and urban areas. DBH Finance PLC, formerly known as D...

Oct32024 by No Comments

Ethiopian Airlines offers B1G1 ticket marking Bangladesh debut

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DHAKA, October 3, 2024: Ethiopian Airlines, Africa’s leading carrier, has announced a special buy-one-get-one-free (B1G1) ticket offer for flights from Dhaka to all its global destinations, celebrating its entry into the Bangladesh market.The airline is set to commence five weekly flights on the Addis Ababa–Dhaka–Addis Ababa route, starting with its inaugural flight from the Ethiopian capital on November 2, which will arrive in Dhaka on November 3.The offer will be available from November 3 to 18, 2024, with tickets needing to be purchased by October 20.“We wanted to present an attractive offer to our passengers, and we believe this promotion will encourage Bangladeshi travelers to experience the world-class service of a Star Alliance airline,” said Shohag Hossain, Managing Dir...

Oct22024 by No Comments

Grameenphone Commemorates International Sign Language Day to Promote Inclusivity

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Grameenphone, the leading mobile operator in Bangladesh, has recently observed International Sign Language Day reaffirming its commitment to inclusivity and accessibility for hearing and speech-impaired individuals to participate in society. Through innovative initiatives and a commitment to breaking communication barriers, Grameenphone aims to empower everyone to fully participate in a connected world. To further enhance accessibility for the hearing and speech-impaired community, Grameenphone provides the SignLine service, enabling users to access telecommunications solutions via video calls. To ensure effective support, all agents at Grameenphone Experience Centers have received basic sign language training from expert Arafat Lata, empowering them to connect customers to the online Sig...

Oct22024 by No Comments

Nabil Mustafizur Rahman joins United Commercial Bank PLC as Additional Managing Director

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Prominent Nabil Mustafizur Rahman recently joined United Commercial Bank Limited (UCB) as Additional Managing Director (AMD). Prior to his new assignment, he was the Country Chief Risk Officer of Habib Bank Limited Bangladesh. Earlier, he joined United Commercial Bank PLC as Deputy Managing Director in 2018. Eventually, he was elevated to the position of Additional Managing Director in 2020 with responsibilities for Risk Management, Islamic Banking, and Transaction Banking. He was with BRAC Bank PLC as the Deputy Managing Director and Chief Risk Officer as well. Mr Nabil is a seasoned leader in Credit Risk Management of Corporate, Retail, and SME Banking with more than 31 years of experience in both foreign and local banks and financial institutions. He has experience on large and...

Oct12024 by No Comments

Starcom Bangladesh Signs Agreement with Grameen Healthcare

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Starcom Bangladesh enters into an agreement with Grameen Healthcare Digital Solutions for managing 360-degree marketing services.Grameen Digital Healthcare Solutions is a social business focused on improving healthcare in Bangladesh for low-income and underprivileged people. Starcom Bangladesh ranks as one of the top marketing agencies in the country.The primary goal is to boost awareness and visibility of Grameen Digital Healthcare's initiatives, particularly its efforts to improve healthcare for underserved communities. By working together, both organizations aim to broaden Grameen’s Healthcare reach and strengthen its impact on the healthcare sector in Bangladesh.Among those present at the official signing were Dr. Ahmed Armaan Siddiqui, CEO of Grameen Digital Healthcare Sol...

Oct12024 by Statement DeskNo Comments

Mohammad Mamdudur Rashid Appointed as Managing Director & CEO of UCB

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ohammad Mamdudur Rashid has recently been appointed as the Managing Director & CEO of United Commercial Bank PLC. Mamdud brings three decades of experience in the financial services sector, having most recently served as Managing Director & CEO of NCC Bank PLC, where he played a pivotal role in driving the bank's growth, expanding its foreign trade portfolio, and enhancing its reputation in the banking industry. Under his leadership, NCC Bank achieved several milestones, including recognition as the Best Primary Dealer by Bangladesh Bank and being awarded as the Fastest Growing Brand in 2023 by Global Brand Magazine. His strategic direction also led to the successful introduction of Islamic Banking. Mamdud's distinguished banking career began in 1995 with Citibank-Bangladesh and s...

Oct12024 by Statement DeskNo Comments

Singer Bangladesh Unveils ‘Singer Bangladesh Transformation Journey’

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Singer Bangladesh Ltd., a subsidiary of Arçelik, the flagship company of Türkiye’s Koç Group, proudly announces the launch of its ‘Singer Bangladesh Transformation Journey’ campaign. This innovative initiative highlights the brand’s commitment to growth and excellence through implementing three key pillars of business transformation. Singer Bangladesh’s transformation journey is endorsed by Burak Özçivit which not only reflects the brand’s growth but also its vision to create a sustainable, customer-centric future. The campaign is strategically fronted by Turkish superstar Burak Özçivit, the brand ambassador for Singer Beko, generating significant organic traction on social media. This communication strategy underscores Singer Bangladesh’s focus on enhancing the consumer experience while ...