Business

BRAC Bank has opened a new branch on Elephant Road in Dhaka recently. Bank’s director Tamara Hasan Abed inaugurated the Elephant Road branch on Tuesday in presence of managing director and chief executive officer Syed Mahbubur Rahman, said a

The Securities and Exchange Commission has decided that convertible securities like preference shares, bonds and debentures would have to be issued as per the ‘repeat public offering’ guidelines. The commission finalised the guidelines for the issuance of convertible securities on Tuesday as there was no distribution mechanism, price fixing method and

Fareast Islami Life Insurance Company Ltd has appointed Abul Khaleque as chief financial officer, the insurer said in a statement. Khaleque started his career with American Life Insurance Company Ltd, served the insurer for seven years and finished as its chief

National Bank Ltd has appointed SM Jaffar as its deputy managing director, the bank said in a statement yesterday. Prior to the appointment, he was the senior executive vice-president of Southeast Bank Ltd. Jaffar started his banking career with AB Bank as trainee officer in 1985. He served

Aftab Group launched its new venture Aftab Foods Limited on Tuesday. Aftab Foods Limited executive general Sheikh Aman Ullah announced the launching of the new company with a slogan ‘Delicious-Healthy’ in a programme at a city

Dutch-Bangla Bank has opened its SME/Agriculture branch at Dhaka Dashkin under Golapganj upazila in Sylhet on Monday. That was the bank’s 84th branch. Bank’s managing director Md Yeasin Ali inaugurated the branch. Among others,

Prime Bank organised a seminar on ‘Role of zakat in eliminating poverty’ on Monday. Bank’s executive committee chairman Imam Anwar Hossain was present as chief guest while managing director M Ehsanul Haque presided over the meeting, said a news

IDLC Securities Limited has recently opened its eighth branch in Narayanganj. IDLC Finance deputy managing director Arif Khan, who is the president of the Bangladesh Merchant Banker’s Association, inaugurated the branch, said a news

Leaders of the Bangladesh Merchant Bankers’ Association on Monday requested the Securities and Exchange Commission to review its decision to impose a net asset value based calculation system for margin loan. They urged the commission to allow market price based margin loan, even by lowering

The Therapeutic Goods Administration (TGA) of Australia accredited Eskayef Bangladesh Ltd, a leading local pharmaceutical, for its new world-class facility at Tongi. Eskayef is the only company in Bangladesh that achieved both the UK MHRA and TGA, Australia. “It is one of the toughest registration processes for pharmaceuticals in the

The country’s largest private carrier GMG Airlines will operate scheduled flights from Dhaka to Jeddah during the upcoming hajj period. However, any passenger wishing to perform holy hajj can avail GMG’s scheduled flights to Jeddah in this regard, said a news

The country’s largest private carrier GMG Airlines will operate scheduled flights from Dhaka to Jeddah during the upcoming hajj period. However, any passenger wishing to perform holy hajj can avail GMG’s scheduled flights to Jeddah in this regard, said a news

Standard Chartered Bank and Energypac Engineering Ltd closed the first metal derivative transaction in Bangladesh. The deal, a Floating to Fixed London Metal Exchange Copper Swap, will help Energypac to protect itself against adverse movements in copper prices and to effectively manage their copper

Bata Shoe Company (Bangladesh) Ltd has introduced ‘Bata Gift Voucher.’ Bata Shoe Company (Bangladesh) Ltd chief financial officer Mc Yee Slew NG inaugurated the offer in Dhaka on Sunday, said a news release. Bata gift vouchers are like cash coupons that can be used by customers to make

Mercantile Bank has opened its 57th branch at Chhoto Bazar in Mymensingh town. Chairman of the bank Md Abdul Jalil inaugurated the 57th branch as chief guest on Sunday, said a news release. Local lawmaker Motiur Rahman, bank’s Audit Committee of the Board chairman

In recent years due to massive manpower export fall since global financial meltdown Bangladesh’s main aerodrome Hazrat Shah Jalal Airport in Dhaka suffered a decline in the number of passengers, according to an official record. Officials at the Civil Aviation Authority of Bangladesh (CAAB) say the decline in

Mobile operator Robi’s profits rebounded to Tk 34.1 crore in the second quarter of the year, after a sharp fall in the first quarter, according to Axiata Bangladesh, Robi’s owner. According to Axiata’s financial report, Robi earned its highest-ever quarterly revenue in the second quarter, touching Tk 34.1 crore. It had dived to Tk 6.2 ... Read more

PKSF boss speaks on new solutions to poverty Microcredit alone cannot eradicate poverty as it needs training, education and housing also to effectively use the credit to attain sustainable development, said Quazi Mesbahuddin Ahmed, managing director of Palli Karma-Sahayak Foundation (PKSF), yesterday. The PKSF boss said this while speaking at a seminar on microcredit organised ... Read more

Bangladesh Brand Forum (BBF) is set to organise a ‘leadership summit’ to encourage local companies and entrepreneurs to participate more effectively in uplifting economic activities. The one-day summit set for October 2 will focus on various issues, including strategic planning, marketing, branding and leadership in its different sessions, said Shariful Islam, founder of

Jamuna Bank has chosen IFS Applications as its preferred HRM solution. ICE Technologies Limited, the country distributor of IFS, has signed an agreement with Jamuna Bank recently to initiate the automation process, said a