Business

May302024 by No Comments

Intex Bangladesh 2024 inauguration ceremony

Creating a new paradigm in textile sourcing by successfully integrating the textile value chain on a single, global, trading platform, the 14th Intex Bangladesh opened today and will continue till the 1st of June at ICCB, Dhaka.Inaugurated by Mr. Md. Nuruzzaman, Director General, Department of Textiles, Govt. of Bangladesh, the three-day fair will connect buyers from Bangladesh, South Asia and countries from across the world to over 200 leading international manufacturers, suppliers and service providers from 7 countries showcasing Yarns, Apparel Fabrics, Denim Fabrics, Clothing Accessories and Allied Services, Dyes & Chemicals.Intex Bangladesh brought the largest ever Indian contingent with over 100 companies from India under Texprocil and Pdexcil to form the ‘Made in India Te...

May302024 by No Comments

Grameenphone Undertakes Urgent Actions to Support Cyclone Remal Affected People

Breaking News, Business

Grameenphone, as a socially responsible company, has taken a series of initiatives to urgently provide aid and support to those people affected by Cyclone Remal. Grameenphone is supporting cyclone-affected communities by deploying two water treatment plants to provide drinking water, sending two medical teams with free medicine, and distributing food relief to 10,000 families in partnership with the Bangladesh Red Crescent Society. Grameenphone also provided free charging facilities, 10 minutes of free talk-time and 500MB of free internet, to help them stay connected with their families.Yasir Azman, Chief Executive Officer (CEO) of Grameenphone, stated, "We always stand by our communities, especially in the times of crisis. The aftermath of Cyclone Remal has left many of our fellow cit...

May292024 by No Comments

upay discusses solutions to enhance convenience

Breaking News, Business

Country's popular mobile financial service provider upay has recently organized a freelancer meetup in Mymensingh, where discussion was held on the various challenges that freelancers face regularly, and the possible ways to overcome them. The session underscored the need for addressing the various issues, and how upay and United Commercial Bank PLC (UCB) are actively working to enhance convenience for these freelancers. The meetup was organized at BRAC Learning Centre, Mymensingh. 75+ freelancers from the region participated in the event to discuss the problems they face and work out solutions. Themed as 'Freelancers' Contribution to Building Smart Bangladesh and MFS as Growth Facilitator', the event focused on different pertinent issues related to freelancing, like payment issues throu...

May292024 by No Comments

NBL Relaunched “Century Deposit Scheme”

Breaking News, Business

National Bank's "Century Deposit Scheme" was relaunched on May 29, 2024, at the bank's head office. The Managing Director & CEO, Md. Touhidul Alam Khan, attended the event as the chief guest. Deputy Managing Directors Syed Rois Uddin, Sheikh Aktar Uddin Ahmed and Md. Abdul Matin, along with senior officials of the bank, were also present.The Chief Guest said, considering the needs of the customers, National Bank has launched the "Century Deposit Scheme" product at an attractive interest rate. He also mentioned that this scheme is highly attractive for people from all walks of life.The deposit period for the "Century Deposit Scheme" is 100 days. This scheme can be availed with a minimum deposit of Taka 50,000 or above, and it will auto-renew upon expiration. Additionally, a loan...

May292024 by No Comments

UCB signs bancassurance agreement with Janata Insurance Company Limited

Breaking News, Business

United Commercial Bank PLC (UCB) has recently signed a bancassurance agreement with Janata Insurance Company Limited with a view to offering insurance products to its customers. An agreement signing ceremony was held at UCB Corporate Head Office. Officials from both the concerns were present at the event. From United Commercial Bank PLC (UCB), Syed Faridul Islam, Managing Director & CEO (CC); ATM Tahmiduzzaman FCS, Additional Managing Director & CS; Alamgir Kabir, Deputy Managing Director & Head of Corporate Banking Division; S.M. Mainul Kabir, Deputy Managing Director; Md. Sekander-E-Azam, SEVP & Head of BDCU and ATM Tajmilur Rahman, Chief Bancassurance Officer, were present. On the other hand, on behalf of Janata Insurance Company Limited, Md. Abu Bakkar Siddique, Managi...

May292024 by No Comments

MD and CEO of Energypac Humayun Rashid Elected as New President of Bangladesh Philippines Chamber of Commerce and Industry-BPCCI

Breaking News, Business

The Bangladesh Philippines Chamber of Commerce and Industry (BPCCI) recently elected Humayun Rashid, Managing Director and CEO of Energypac Power Generation PLC, as its President for the term 2024-2026 during the organization’s Annual General Meeting (AGM) recently held at Gulshan Club in Dhaka.BPCCI was established in 2013 to create a platform for the promotion of trade and business between Bangladesh and the Philippines. The platform actively engages in trade fairs, business delegations and networking events to boost business opportunities and strengthen the relationship between the two countries. Humayun Rashid, Managing Director and CEO of Energypac Power Generation PLC and a respected figure in the business community will now lead the organization as its new President. Building up...

May282024 by No Comments

Grameen America Plans to Invest $40 Billion For Underserved Women of USA In Next Ten Years

Breaking News, Business

On May 20, 2024, Grameen America Inc. (GAI), the fastest-growing nonprofit microfinance organization in the United States of America, announced the opening of its new branch in Phoenix, Arizona, with significant philanthropic support from the Wells Fargo Foundation. To expand access to affordable capital for women entrepreneurs, Wells Fargo made a $3.25 million grant over three years to help Grameen America expand its operations to Phoenix and advance the organization's technology and digital platforms. With the funding from Wells Fargo, Grameen America estimates the new branch will disburse nearly $14 million in capital to over 2,000 low income women by the end of 2026. Since launch, the Phoenix branch has already disbursed over $327,000 in loan capital through microloans supporting mo...

May282024 by No Comments

Workshop on “Prevention of Money Laundering and Combating Financing on Terrorism”

Breaking News, Business

A virtual training workshop on "Prevention of Money Laundering and Combating Financing on Terrorism" was organized by National Bank Limited on May 23, 2024. Md. Touhidul Alam Khan, Managing Director & CEO of National Bank Limited was present as Chief Guest and inaugurated the program. Sheikh Akhter Uddin Ahmed, DMD & CAMLCO was special guest and Afroza Khatoon, CAMS, Senior Vice President & Deputy CAMLCO was the speaker of the training program. Shah Syed Rafiul Bari, VP & Principal of NBTI and other Officials of AML & CFT Division were also present in the virtual training program.#

May272024 by No Comments

200 agri-entrepreneurs from Dhaka district receive training

Breaking News, Business

A skill development training, organized by United Commercial Bank PLC (UCB) under the agricultural support scheme titled 'Bhoroshar Notun Janala', was held at the Krishibid Institute Bangladesh (KIB Auditorium), Dhaka on today. 200 Agri-entrepreneurs from 5 upazilas of Dhaka district took part in this training session. ATM Tahmiduzzaman FCS, Additional Managing Director of UCB PLC, chaired the event while Anwar Faruque, Former Agriculture Secretary and Vice-President of BSAFE Foundation graced the event as Chief Guest. Alongside, Rezaul Karim Siddique, presenter of BTV's agriculture-based show 'Mati O Manush' and an agricultural analyst, was present at the event as the special guest. Among others distinguished guest, Dr Afia Akhter, Deputy Director, Directorate of Agriculture Extension, D...

May272024 by No Comments

Intex Bangladesh 2024 Ready to Connect Local RMG Industries with Global Textile Suppliers

Breaking News, Business

Dhaka is all set to host Intex Bangladesh 2024 with over 200 leading international manufacturers, suppliers and service providers from 7 countries. The only dedicated international textile sourcing show for Bangladesh's RMG industry will see all four halls of ICCB packed from 30th May to 1st June 2024.The expo presents the latest trends in fibers, yarns, fabrics, accessories, and all things textile to unlock new opportunities for export and domestic markets. This year the "Made in India Textiles Pavilion" will showcase over 100 Indian companies ably supported by India’s two leading industry associations namely TEXPROCIL and PDEXCIL.The presence of a dedicated "China Pavilion" along with international suppliers from Malaysia, Indonesia, Thailand, Taiwan, UAE and Sri Lanka will conne...