Anup Kumar Saha has joined Nabil Group, an agro-processing industry in Bangladesh, as Group COO. Nabil Group is engaged in the business of processing agricultural and food products including two international standard rice mills, 2 flour mills, 2 feed mills, pulse processing mills, poultry farms, cattle farms, dairy farms, fruits and vegetables cold storage, real
Business
Shwapno launches new outlet in Sylhet
Shwapno, one of the largest retail chain shops in the country, has inaugurated its new outlet at Bishwnath in Sylhet city on Thursday, September 16, 2021. Investor Humayon kabir, Saiful islam, Abdullah al Mahmud, head of operation regional, Razibul Hasan, head of business development (Franchise), attended
vivo launches Y21 with Tk 10 lakh prize offer
Chinese technology company vivo has launched the vivo millionaire activity in Bangladesh that gives users a chance to win exciting cash prizes worth Tk 10 lakh, said a press release. This activity will be applicable for pre-order and first-sales week customers who will purchase Y21 from any vivo authorised outlets at the official
Dr Md. Sabur Khan honored as a Board Member of Eurasian Universities Union (EURAS)
Founder & Chairman of Daffodil International University (DIU) Bangladesh, Dr Md. Sabur Khan has been honoured as a Board Member of Eurasian Universities Union (EURAS); announced in the recent Annual General Assembly held in Istanbul, Turkey. Being the Board Member of EURAS, Dr Khan will contribute to the advancement of the mission of EURAS by setting ... Read more
A Milestone in the Economic Empowerment of Human Trafficking Survivors
On 12 September 2021, ACI Limited and Winrock International’s Ashshash project formally signed a pivotal ‘Memorandum of Understanding’ (MoU) that will extend support for skill-based employment opportunities and self-employment prospects for human trafficking survivors. ACI Limited will be able to widen the coverage and geographical footprints of their products via adept
New Bangladeshi airways set to spread its wings from January 2022
A new Bangladeshi private airline naming ‘Air Astra’, is set to start its operation from January next year. Besides, Biman Bangladesh Airlines – the national flag carrier, two other private airlines namely US-Bangla and Novoair are currently operating flights. Air Astra will be the third private airline in Bangladesh. “We are hoping to launch flight ... Read more
Horlicks raises awareness on breastfeeding
Horlicks Mother’s Plus completed its month-long campaign by raising awareness among mass people on the importance of breastfeeding and the benefits of better nutrition for lactating mothers. This year, World Breastfeeding Week 2021 theme is: Protect Breastfeeding: A Shared Responsibility. In line with the theme, Horlicks Mother’s Plus
Brac, Dettol team up to provide hygiene services to vulnerable pregnant women
Brac and Dettol have recently signed a memorandum of understanding (MoU) to provide hygiene services to vulnerable pregnant women in Bangladesh. Under this collaboration, Brac and Dettol will raise hygiene awareness among underprivileged expecting mothers living in remote areas in the country and
Mediacom signs deal with Banglalink’s video streaming app Toffee
Mediacom Limited has signed a contract with mobile operator Banglalink’s video streaming app Toffee. Erik Aas, chief executive officer of Banglalink, and Anjan Chowdhury, managing director of Mediacom Limited, signed the agreement on behalf of their respective organisations recently. Under the deal, Mediacom will provide content
Nagad Ltd barred from opening trust-cum settlement account without approval
The Bangladesh Bank has asked banks not to open any trust-cum settlement account (TCSAs) under the name of Nagad Ltd. The central bank issued a letter to banks on September 2 asking them not to open such accounts in the name of Nagad Ltd without its prior approval and the Bangladesh Post Office (BPO). Nagad ... Read more
SME Foundation to lend 30% of Tk 200cr incentive package to women
The SME Foundation is aiming to lend more than 30% of the Tk200 crore incentive package allocated for small and medium enterprises (SMEs) to women entrepreneurs. They also plan to start the distribution of the loans from the third week of September, Dr Md Mafizur Rahman, managing director of SME Foundation, announced at
Padma now seeks saviours abroad
Padma Bank has started looking for potential foreign investors, in keeping with its earlier wish to merge with a state lender to prevent its financial health from deteriorating further. As a part of the move, the lender signed a memorandum of understanding with California-based investment bank DelMorgan & Co on September 2, according
Bangladesh finally a member of Brics’ New Dev Bank
Bangladesh has finally become a member of the New Development Bank (NDB), which was launched in 2015 by Brazil, Russia, India, China and South Africa, collectively known as Brics, according to a statement of NDB. The NDB aimed to be an alternative to the US-dominated World Bank and International Monetary Fund. In December 2020, Indian ... Read more
Mitsubishi Motors looks to set up plant in Bangladesh
Mitsubishi Motors yesterday signed a memorandum of understanding (MoU) to conduct a feasibility study on establishing a production unit in Bangladesh by 2025 as the Japanese multinational automotive manufacturer looks to expand its footprint in South Asia. This deal, which government officials have dubbed a big step
Banglalink revenue rises in Q2
Banglalink, the third largest mobile operator in Bangladesh, witnessed a 6.9 per cent rise in revenue year-on-year in the second quarter of 2021, driven by an increase in data revenue alongside the number of customers of this segment. In currency, Tk 1,184 crore was generated as revenue which
Daraz launches special campaign to celebrate seventh anniversary
Online marketplace Daraz has launched a special campaign to celebrate its seventh anniversary along with expressing gratitude to its customers and well-wishers. To commemorate this milestone, Daraz Bangladesh, a concern of Alibaba Group, has chalked out elaborate plans, programmes and campaigns, the company
No advance payments in e-commerce: BB
Bangladesh Bank yesterday said e-commerce platforms would not be able to receive payments in advance for any products or services rendered. Some e-shops instruct shoppers to deposit money directly into their respective bank accounts before delivering a product or service, breaching Bangladesh Bank regulations
Brac Bank to raise Tk 600cr thru bonds
Brac Bank has decided to raise Tk 600 crore by issuing a non-convertible bond with a view to providing home loans to the country’s lower and middle income groups. The board of the private lender took this decision at a meeting on August 26, after which it sent the proposal to the Bangladesh Securities and ... Read more
Bata returns to profit
Bata Shoes (Bangladesh), one of the most popular footwear brands in the country, returned to profit after a year riding on higher sales. The company’s declaration of profit comes as good news for the local economy, which is rebounding strongly despite the ongoing coronavirus
Nagad offers up to 30pc bonus in SWAP deals
Bangladesh Post Office mobile financial arm Nagad and re-commerce firm SWAP launched a campaign titled ‘Choice is Yours’ where Nagad users can avail 10 to 30 per cent bonus in any deal. Under the offer in SWAP, ‘Nagad Deal E Beshi Labh’, Nagad users can buy and sell used products like cell phone, laptop, motorbike, ... Read more