Saturday, 01 Mar, 2025

Business

Sayeed H Chy reappointed ONE Bank chairman

The Board of Directors of ONE Bank Limited has reelected Sayeed H Chowdhury as its chairman for another one-year term from August 1, 2019, said a press release on Tuesday (August 6).  The Board has also re-elected Asoke Das Gupta as its vice chairman and Zahur Ullah as the chairman of

NBR lifts all tariffs on dengue test kit import

DHAKA:   The government has removed all tariffs on import of dengue test kits amid outbreak of dengue fever. National Board of Revenue (NBR) lifted import tax, value added tax (VAT), advanced tax and advanced income tax on dengue test kits, reagents and blood platelet plasma test

Banks asked to keep enough cash in ATM booths during Eid

DHAKA: Bangladesh Bank has asked all banks across the country to keep sufficient money at their ATM (Automated Teller Machine) booths during the Eid-ul-Azha holidays to enable clients to withdraw money. The central bank issued a circular to this effect on Monday (August 5) directing

Shanghai to open Grameen Prog, Social Business Institute

DHAKA: Shanghai, biggest city of China, is set to create an institute of research and action on financial inclusion and social business and introduce Grameen Programme in collaboration with Nobel Laureate Professor Muhammad Yunus.  During the separate meetings among Governor of Putuo

HSBC boss out in top level reshuffle

The chief executive of HSBC has stepped down after the bank said it needed a change in leadership to address a "challenging global environment". John Flint is giving up the role he has held for a year and a half "by mutual agreement with the board". He will immediately cease his

FBCCI to form blood bank for dengue patients

DHAKA: Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) to form a blood bank to help dengue patients.    FBCCI President Sheikh Fazle Fahim made the disclosure at a discussion over dengue prevention, in Motijheel of the capital city Sunday (August 4). The

9th Communication Summit & Commward held

DHAKA: The 9th edition of Communication Summit held in the capital on Saturday (August 3) under the theme ‘Creative Leap in the Age of Disruption’.  The summit was followed by Commward, the only accolade for the country’s advertising industry, said a press release.  Around

Chattogram 64th among world’s best 100 seaports

CHATTOGRAM: Chittagong seaport has ranked 64th in the world's 100 best container handling ports, upgraded by six notches from previous year. The key seaport of the country was the 70th in the list. In 2008, the port was the ranked 95th. The Lloyd’s List, the most popular journal

APAC magazine names Dmoney among 10 most convenient wallets

DHAKA: D Money Bangladesh Ltd (dmoney.com.bd) on Thursday (Aug 1) announced that APAC Business Headlines Magazine has named it among the “10 Most Convenient Wallets to watch in 2019”. Dmoney is the only wallet from South Asia to make an entry to the top 10. APAC Business Headlines is

City of Ningbo celebrates Social Business Week in China

DHAKA: As a part of Social Business Week of China, Nobel Laureate Professor Muhammad Yunus arrived in Ningbo, a port city in the eastern coast of China.   On 31 July, his day began with meeting the students of Huamao English School, a leading private school in the city. Yunus

IBBL opens 345th branch in Khulna's Dumuria

DHAKA: Islami Bank Bangladesh Limited (IBBL) inaugurated its 345th Branch in Dumuria upazila of Khulna on Thursday (August 1).  IBBL Director Prof Dr Qazi Shahidul Alam, as the chief guest, inaugurated the branch, said a press release. Md Mahbub ul Alam, managing director and CEO

BB reserve heist case report submission Sept 17

DHAKA: A Dhaka court asked Criminal Investigation Department of Police to submit probe report on September 17 in Bangladesh Bank cyber heist case. Additional Chief Metropolitan Magistrate Sarafuzzaman Ansari reset the date ad after investigation officer of the case failed to submit the

Financial inclusion must exclude all predatory financing: Yunus in China

DHAKA: Nobel Laureate Professor Muhammad Yunus emphasized that all financial services to the poor do not constitute financial inclusion.  Professor Yunus addressed the topic of financial inclusion at a breakfast meeting organized by the Caixin Media Group during his China tour from

UCB signs agreement with Teletalk

DHAKA:  United Commercial Bank Limited (UCB) signed an agreement with Teletalk Bangladesh Limited on Network connectivity to enable Mobile Financial Services. The agreement was signed at the premises of Teletalk’s head Office on Wednesday (July 31) of 2019. Under this agreement,

BB unveils Monetary Policy for July-Dec period

DHAKA: Bangladesh Bank (BB) unveiled its first half-yearly (H2) monetary policy statement (MPS) on Wednesday (July 31) fixing private sector credit growth target at 13.20 per cent till December in 2019. Central bank Governor Fazle Kabir at a press conference announced the MPS for the

Daraz Nandini-ActionAid arrange “Online GorurHaat”

DHAKA: The largest e-commerce platform of the country Daraz has organized “Online GorurHaat” campaign on the occasion of Eid ul Azha for the second time.  The specialty of this online GorurHaat is that every cow here is 100% organic and all the cows have been specially raised by

Poroshmoni gets Tk 1 lakh buying Marcel AC

DHAKA: Poroshmoni Samajik Unnayan Sangstha, a non-government organization (NGO) in Mymensingh, has recently received Tk 1 lakh after purchasing a Marcel brand air conditioner. Marcel is providing the benefits for its AC customers under the nationwide ongoing digital campaign season-4,

Regent arranges Familiarization Trip to Malaysia

DHAKA: Tourism Malaysia & Regent Airways jointly organized a seven-day Familiarization Trip to Malaysia with selected top agents of Bangladesh, starting from July 15.  During this fun-filled adventurous journey, the group explored the amazing Genting Highland, magnificent Johor

5pc source tax for savings up to Tk 5 lakh

DHAKA:  Finance Minister AHM Mustafa Kamal said five percent tax at source would be applicable to all types of savings certificates, including family savings certificates, up to Taka 5 lakh investment to facilitate the small savers and pensioners. The minister said: “There has been

Walton gets National Productivity and Quality Excellence Award

The country’s electronics giant ‘Walton’ has received the ‘National Productivity and Quality Excellence Award 2018’ for its outstanding contribution to high productivity as well as produce highest standard products. Under the category of large industry, Walton got the award