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Business - Dhaka Mirror https://dhakamirror.com/category/news/business/ Latest news update from Bangladesh & World wide Sun, 31 Dec 2023 14:36:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.4 https://dhakamirror.com/wp-content/uploads/2022/08/cropped-dm-favicon-32x32.png Business - Dhaka Mirror https://dhakamirror.com/category/news/business/ 32 32 210058712 Shwapno opens new outlet in Pabna https://dhakamirror.com/news/business/shwapno-opens-new-outlet-in-pabna/ Sun, 31 Dec 2023 14:36:30 +0000 https://dhakamirror.com/?p=98389 Business Desk : dhakamirror.com Popular retail chain shop “Shwapno” has opened a new outlet in Pabna’s Sujanagar at Molla Super Market. The inauguration took place at 5:30pm on 30 December, reads a press release. Present at the event were Ahmed Firoz Kabir, Member of Parliament for Pabna-2 (Sujanagar, Aminpur), Chairman Shahinujjaman Shahin of Sujanagar Upazila, ... Read more

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Popular retail chain shop “Shwapno” has opened a new outlet in Pabna’s Sujanagar at Molla Super Market.

The inauguration took place at 5:30pm on 30 December, reads a press release.

Present at the event were Ahmed Firoz Kabir, Member of Parliament for Pabna-2 (Sujanagar, Aminpur), Chairman Shahinujjaman Shahin of Sujanagar Upazila, Mayor Rezaul Karim Reza, Abdul Awal, an investor in Sujanagar branch, Mohammad Abdullah Al Mahbub, Regional Head of Operations for Shwapno, Zonal Manager Atiqur Rahman, Divisional Expansion Incharge Sarwar Jahan, Outlet Manager Saddam Sakib, and many others.

Sabbir Hasan Nasir, the Managing Director of Shwapno, said, “Shwapno has expanded its services across the country for the convenience of customers. We have long planned to establish a modern outlet in Pabna’s Sujanagar area. Here, our service environment will further expand. We hope that customers will regularly visit this Shwapno outlet in a healthy and safe environment.”

Abu Naser, Operations Director of Shwapno, said that the new outlet will offer various monthly offers and home delivery services.

For home delivery from this new Shwapno outlet, customers can contact 01776-585860.

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Shwapno launches new outlet at Bashundhara https://dhakamirror.com/news/business/shwapno-launches-new-outlet-at-bashundhara/ Fri, 29 Dec 2023 15:02:21 +0000 https://dhakamirror.com/?p=98376 Business Desk : dhakamirror.com Shwapno, the largest retail chain in Bangladesh, launched an outlet in the Bashundhara area on Thursday offering a month-long discount with a home delivery facility. On behalf of Bashundhara Group, media advisor Mohammad Abu Tayeb inaugurated the outlet as guest of honour at the Rupayan shopping centre in the residential area, ... Read more

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Shwapno, the largest retail chain in Bangladesh, launched an outlet in the Bashundhara area on Thursday offering a month-long discount with a home delivery facility.

On behalf of Bashundhara Group, media advisor Mohammad Abu Tayeb inaugurated the outlet as guest of honour at the Rupayan shopping centre in the residential area, said a press release.

Shwapno executive director Sabbir Hasan Nasir, operations director Abu Nasher, and business director Sohel Tanvir Khan, among others, were present on the occasion.

Sabbir Nasir said that the supermarket chain had been trying to launch operations in the Bashundhara area as a prestigious neighbourhood in the capital.

‘From Shwapno, we want to express gratitude to Bashundhara Group chairman Ahmed Akbar Sobhan, and the managing director Sayem Sobhan Anvir for supporting the launching initiative. We promise shopping convenience to all in the residential area,’ he said.

Shwapno Bashundhara outlet is located at Rupayan Shopping Square adjacent to the 300-feet road in G Block of Bashundhara residential area. – Press Release

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With ‘Face ID’ and ‘Fingerprint’ login bKash app is now more secure, user-friendly https://dhakamirror.com/news/business/with-face-id-and-fingerprint-login-bkash-app-is-now-more-secure-user-friendly/ Mon, 04 Dec 2023 15:44:12 +0000 https://dhakamirror.com/?p=98361 Business Desk : dhakamirror.com bKash app introduces biometric ‘Face ID’ and ‘Fingerprint’ login features to make users’ daily transactions easier and safer. Alongside, exciting new features – ‘Group Send Money’, ‘Request Money’, ‘Savings Marketplace’ and selecting ‘Default Card’ to use the ‘Add money’ service from VISA card to bKash – are also included in the ... Read more

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bKash app introduces biometric ‘Face ID’ and ‘Fingerprint’ login features to make users’ daily transactions easier and safer. Alongside, exciting new features – ‘Group Send Money’, ‘Request Money’, ‘Savings Marketplace’ and selecting ‘Default Card’ to use the ‘Add money’ service from VISA card to bKash – are also included in the new version of bKash app, reads a press release.

Biometric ‘Face ID’ and ‘Fingerprint’ login

Users can now log in to the bKash app with more convenience and security using the biometric ‘Face ID’ or ‘Fingerprint’ feature instead of repeatedly using PIN. This not only bolsters the safety of the bKash app but also relieves users of the worry of losing or forgetting the PIN.

To enable this feature users need to tap on the biometric icon from the login screen or profile section of the bKash app. After reading the instructions, users should input their PIN to activate the biometric login. Once set, users can log in through biometric ‘Face ID’ or ‘Fingerprint’, previously set in the device, instead of PIN. If needed, users can stop this feature from the profile section of the app.

It should be noted that the feature only supports Class 3 biometric security classified handsets. It will automatically stop if users log in from a new device, change PIN, PIN get locked in the bKash platform or uninstall the bKash app from handsets. In the above-mentioned cases, users need to restart this feature. Besides, for security purposes, the biometric login needs to be restarted after 365 days of enabling the service.

Group Send Money

With this feature, customers can send money to a group of people simultaneously. To send money, users need to click on the ‘Group Send Money’ icon from the home screen of the bKash app. Then they have to enter the numbers or names of the recipients to add to a group. Users should input a group name to create the group. After saving the group, an amount screen will pop up. Users need to input the amount and proceed with the PIN to complete the transaction.

‘Group Send Money’ feature enables users to simultaneously send a group of people a varying or the same amount of money to their bKash accounts. A maximum of 7 members can be added in a group. Users will have to wait for 10 minutes between each ‘Group Send Money’ transaction for consecutive submissions. Users can add, remove or change details of a group from the ‘Send Money’ option. Each transaction in a group will be reflected in the ‘Statements’ screen from the bKash menu or in the ‘Transactions’ of Inbox with a ‘Group Send Money’ tag next to them.

Request Money

Now, when necessary, bKash users can send ‘in-app requests’ to other bKash users to send money. To send a request, users need to tap on the ‘Request Money’ icon from the app home screen. In case of requesting money, a customer can request Tk 100 to Tk 25,000 per day from a maximum of 10 users individually or through group requests.

Savings Marketplace

This feature enables bKash users to easily open new savings schemes and pay instalments. Besides, automatic instalment payments, users can now also pay missing instalments of certain banks easily. Other services like savings plan details, notification on instalment payment, list of missing instalments, time of maturing and many other services are also available in this feature.

‘Default Card’ for VISA Card to bKash add money service

There is no need to enter card details every time while adding money from a VISA card to a bKash account. Users can now select their regularly used VISA card as ‘Default Card’ in the bKash app. To add a card as default, a user needs to tap on the ‘Add Money’ option from the home screen of the app and select ‘VISA’. In the next step, users have to input a number or select a name from the contact list. Add money transaction will be completed once the user proceeds with card details. After the successful transaction users need to save the card as ‘Default Card’. From next, during Card to bKash add money transaction, the default card will be shown at the bottom of the app screen. Users can also change or delete the default card from the ‘Saved Cards’ option of the bKash profile as and when required.

Along with the new additions, the bKash app is enriched with unique features like Send Money, Mobile Recharge, Cash In, Cash Out, Merchant Payment, Add Money, Utility Bill Payment, Fee Payment of Educational and Other Institutions, e-Ticketing, Donation, Remittance, Insurance and Microfinance payment, Digital Nano Loan, Savings and many more. bKash has been constantly focusing on innovations to become a full-fledged digital lifestyle app. – Press release

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Grameenphone wins ‘Bangladesh Sustainability Excellence Awards 2023’ in Financial Inclusion https://dhakamirror.com/news/business/grameenphone-wins-bangladesh-sustainability-excellence-awards-2023-in-financial-inclusion/ Mon, 04 Dec 2023 14:59:53 +0000 https://dhakamirror.com/?p=98358 Business Desk : dhakamirror.com It was an evening to rejoice and remember for Grameenphone at the Bangladesh Sustainability Excellence Awards 2023, as the organization’s sincere efforts with flagship initiatives GP Accelerator and GP Academy received due recognition. Renowned media house The Daily Star, along with CSR Window, honored the winners at the Bangladesh Sustainability Excellence ... Read more

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It was an evening to rejoice and remember for Grameenphone at the Bangladesh Sustainability Excellence Awards 2023, as the organization’s sincere efforts with flagship initiatives GP Accelerator and GP Academy received due recognition.

Renowned media house The Daily Star, along with CSR Window, honored the winners at the Bangladesh Sustainability Excellence Awards 2023 through a grand ceremony at a hotel in Dhaka on December 2, 2023. Grameenphone received the award in the category of Sustainability Excellence Initiative in Financial Inclusion.

Yasir Azman, Chief Executive Officer (CEO) of Grameenphone and Farhana Islam, Head of Social Impact of Grameenphone received this prestigious award on behalf of the organization. Other officials from Grameenphone were also present in the event, including Mohammad Sajjad Hasib, Chief Marketing Officer, Hossain Sadat, Head of Public and Regulatory Affairs, and Sharfuddin Ahmed Chowdhury, Head of Communications.

Grameenphone is focused on harnessing the power of millions of youths by enabling them with future industry skills and entrepreneurship support through the learning platform GP Academy and GP Accelerator. GP Academy is an industry led upskilling platform that allows youth nationwide to enroll and prepare aptly for the future in a rapidly transforming world. Similarly, GP Accelerator has been supporting promising entrepreneurs to nurture their golden business ideas with necessary training, market exposure and corporate alliance, so that the best of the nation’s ideas can yield maximum productivity and contribute to the economy. Both of the initiatives fuel the future of the nation and society to sustain, thrive and excel.

At the event, Grameenphone’s Head of Social Impact Farhana Islam shared important insights during the panel discussion regarding ‘ESG Reporting and its Impact on Business Sustainability. She highlighted Grameenphone’s sustainability initiatives, mentioning how the leading digital services provider has been effectively facilitating the communities socially and digitally through programs like online safety campaign, digital inclusion of marginal communities, and the recent Digital Future Baseline Survey Report, besides many more. She also discussed Grameenphone’s environment conservation target of reducing 50 percent of its CO2 emissions by 2030, considering their 2019 baseline.

“It feels wonderful to share the stage with all the winners, as we celebrate excellence in sustainability, to build synergy in the development of communities, people and the planet”, said Grameenphone CEO Yasir Azman. “We as a nation are progressing towards our SDG commitments; at this point our sustainability efforts from the private sector alongside the public sector, need to ramp up and work in alliance for the long-term prosperity of the people and the planet. At Grameenphone, we carry the spirit of sustainability through empowering societies and conservation of the environment because we believe that it is our responsibility to protect, sustain and innovate not only for today but for the generations to come.” he added.

It is notable that Grameenphone has recently made it into Bloomberg’s sustainability list for 2023, securing the top score among all the seven listed Bangladeshi companies. Grameenphone was also included among the 5 organizations under the “Star DEI Team of the Year” category at the inaugural FICCI DEI Awards 2023, which reflected the organization’s dedication to ensuring diversity, equitability, and inclusiveness at the workplace.

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Banglalink wins the best sustainability award https://dhakamirror.com/news/business/banglalink-wins-the-best-sustainability-award/ Sun, 03 Dec 2023 05:37:37 +0000 https://dhakamirror.com/?p=98340 Business Desk : dhakamirror.com Banglalink has won the ‘Best Sustainability Excellence Initiative’ award in the ‘Disaster Response’ category at the ‘Bangladesh Sustainability Excellence Awards 2023,’ jointly presented by The Daily Star and CSR Window Bangladesh. The award is in recognition of Banglalink’s contribution to societal welfare through the innovative integration of an Early Warning System ... Read more

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Banglalink has won the ‘Best Sustainability Excellence Initiative’ award in the ‘Disaster Response’ category at the ‘Bangladesh Sustainability Excellence Awards 2023,’ jointly presented by The Daily Star and CSR Window Bangladesh.

The award is in recognition of Banglalink’s contribution to societal welfare through the innovative integration of an Early Warning System within the MyBL Super App during Cyclone Mocha, which struck Bangladesh earlier this year, reads a press release.

Erik Aas, CEO, Banglalink and Taimur Rahman, Chief Corporate and Regulatory Affairs Officer, Banglalink, received the award on behalf of the organization at a ceremony held today at Le Méridien Dhaka. The recognition is representative of Banglalink’s enduring commitment to innovative corporate social responsibility initiatives.

The Cyclone Tracker, a digital resource integrated within MyBL, allowed smartphone users to determine their location in relation to the cyclone’s path, enabling them to take necessary precautions and protect themselves from the impending storm and take timely evasive action.

Additionally, Banglalink mobilised 4G resources and specialised personnel to ensure uninterrupted connectivity, through real-time updates and warnings that were disseminated through the MyBL app for smartphone users and via SMS for those with feature phones.

Beyond the quantitative impact, the most crucial aspect of the project is the number of lives saved and positively influenced by the early warning system. Banglalink’s initiative provided communities with the opportunity to prepare for and find refuge during Cyclone Mocha, ultimately safeguarding lives and minimizing the cyclone’s devastating effects.

Erik Aas, Chief Executive Officer, Banglalink, said, “We care about the community we operate in and are committed to improving lives in all spheres. We strive to accelerate the growth of our community alongside that of our company. The Early Warning System played a crucial role in providing advance notice of the cyclone’s location and impact. With this award serving as a testament to our commitment so far, we will continue creating innovative solutions for the betterment of communities and society at large.” – Press release

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StanChart wins Mastercard Excellence Awards https://dhakamirror.com/news/business/stanchart-wins-mastercard-excellence-awards/ Wed, 29 Nov 2023 07:37:13 +0000 https://dhakamirror.com/?p=98312 Business Desk : dhakamirror.com Standard Chartered Bangladesh has clinched awards in three categories at the “Mastercard Excellence Awards 2023”. The categories are “Excellence in Mastercard Contactless (Issuing)”, “Excellence in Mastercard Credit Business (International)”, and “Excellence in Mastercard Business (Innovation)”. Naser Ezaz Bijoy, chief executive officer of the multinational bank, received an award from Atiur Rahman, ... Read more

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Standard Chartered Bangladesh has clinched awards in three categories at the “Mastercard Excellence Awards 2023”.

The categories are “Excellence in Mastercard Contactless (Issuing)”, “Excellence in Mastercard Credit Business (International)”, and “Excellence in Mastercard Business (Innovation)”.

Naser Ezaz Bijoy, chief executive officer of the multinational bank, received an award from Atiur Rahman, former governor of Bangladesh Bank, at the Radisson Blu Dhaka Water Garden in the capital recently, said a press release.

“Standard Chartered Bangladesh remains dedicated to seizing new opportunities that enable us to deliver products and benefits that bring our physical and digital worlds together,” said Bijoy.

“It is an honour to be recognised by our long-standing partner, Mastercard,” he added.

With a strong focus on pioneering change and launching new customer-centric solutions, Standard Chartered Bangladesh remains dedicated to facilitating seamless, convenient, and faster payment experiences for all stakeholders.

The bank’s credit and debit card offerings incorporate state-of-the-art innovation and technology, which help make a difference in the lives of cardholders. – Press release

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Nagad wins Mastercard Excellence Award 2023 https://dhakamirror.com/news/business/nagad-wins-mastercard-excellence-award-2023/ Mon, 27 Nov 2023 14:04:02 +0000 https://dhakamirror.com/?p=98310 Business Desk : dhakamirror.com Nagad, a popular mobile financial service provider in Bangladesh, has clinched “Mastercard Excellence Award” 2023 for its contribution to credit card bill payments. The mobile money carrier has been honoured with this prestigious award as the “Master Evolution”, reads a press release. On behalf of his company, Nagad’s Executive Director Maruful ... Read more

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Nagad, a popular mobile financial service provider in Bangladesh, has clinched “Mastercard Excellence Award” 2023 for its contribution to credit card bill payments.

The mobile money carrier has been honoured with this prestigious award as the “Master Evolution”, reads a press release.

On behalf of his company, Nagad’s Executive Director Maruful Islam Jhalak recently received the award from Mastercard high officials at a programme in the capital’s Raddison Blu Hotel.

Nagad Ltd won the “Excellence in Mastercard Digital Business” award for facilitating credit card bill payments. Earlier in 2022, the company grabbed “Mastercard Excellence Award” for its remarkable contributions to financial inclusion in Bangladesh.

This year’s recognition is a testament to Nagad’s dedication to providing seamless and efficient credit bill payment solutions. The award also acknowledges the company’s relentless pursuit of excellence, customer-centric approach, and the positive impact it has made on the financial landscape.

After receiving the Mastercard Excellence Award, Nagad’s Executive Director Maruful Islam Jhalak said, “Such recognition will encourage us to work with more vigour towards reaching our goal of Smart Bangladesh. From the get-go, Nagad has been working to promote digital payments. Only in five years of our journey, we have onboarded around 8 crore customers, which we can say is a revolution in the financial industry. We, along with our partners, want to speed up the ongoing digital transformation, eventually leading our country to a cashless society.”

Former Bangladesh Bank Governor and Dhaka University Emeritus Professor Atiur Rahman attended the award ceremony as chief guest, while Deputy Chief of Mission at US Embassy in Dhaka Helen LaFave was present there as special guest. Directors of Payment Systems Department of Bangladesh Bank – Md Sharafat Ullah Khan and Md Motasem Billah – were also present at the event as distinguished guests.

Nagad’s Chief Commercial Officer Shihab Uddin Chowdhury, Chief Marketing Officer Sadat Adnan Ahmad, Chief Digital Officer Shyamol B. Das, Head of Product Development Golam Jamil Ahmed, and Head of Business Planning Sirajus Salekin also attended the award ceremony.

Mentionable, Nagad has won quite a few international awards for its outstanding contribution to the expansion of Bangladesh’s financial market. This year, the company clinched the “Fastest to Unicorn Award” from the Honourable Prime Minister of the People’s Republic of Bangladesh Sheikh Hasina at the “Bangladesh Startup Summit 2023”, hosted by Startup Bangladesh Ltd., the flagship venture capital company of the Government of Bangladesh’s ICT Division.

Besides, the MFS carrier was accorded “Best Innovative Digital Financial Service Brand” given by Global Brands Magazine. Other accolades conferred on Nagad include the WITSA Global ICT Excellence Award 2020, Inclusive Fintech 50, Best Digital Financial Service Provider Award, Digital Bangladesh Award, E-Commerce Mover Award, and Best Marketing Communication Award, which also helped to portray Bangladesh positively across the globe. – Press Release

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Prime Bank clinches Mastercard Excellence Awards 2023 https://dhakamirror.com/news/business/prime-bank-clinches-mastercard-excellence-awards-2023/ Mon, 27 Nov 2023 14:01:03 +0000 https://dhakamirror.com/?p=98308 Business Desk : dhakamirror.com Prime Bank PLC, a leading private commercial bank of the country, has won Mastercard Excellence Awards 2023 for Debit Business (Domestic) category. Nazeem A Choudhury, deputy managing director of the bank, and Masudul Haque Bhuiyan, head of Cards & Alternative Delivery Channel, received the award from Dr Atiur Rahman, former governor ... Read more

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Prime Bank PLC, a leading private commercial bank of the country, has won Mastercard Excellence Awards 2023 for Debit Business (Domestic) category.

Nazeem A Choudhury, deputy managing director of the bank, and Masudul Haque Bhuiyan, head of Cards & Alternative Delivery Channel, received the award from Dr Atiur Rahman, former governor of the Bangladesh Bank, at the Radisson Blu Dhaka Water Garden in the capital on Saturday (25 November), reads a press release. – Press Release

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Zakia Rouf Chowdhury elected as vice chairman of Bank Asia https://dhakamirror.com/news/business/zakia-rouf-chowdhury-elected-as-vice-chairman-of-bank-asia/ Tue, 21 Nov 2023 10:41:56 +0000 https://dhakamirror.com/?p=98291 Business Desk : dhakamirror.com Zakia Rouf Chowdhury has been elected as Vice Chairman of Bank Asia Limited recently at the 508th meeting of the Board of Directors of the bank. She has an illustrious business career of more than 35 years in the private sector of Bangladesh. Since inception, she has been holding leadership positions ... Read more

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Zakia Rouf Chowdhury has been elected as Vice Chairman of Bank Asia Limited recently at the 508th meeting of the Board of Directors of the bank.

She has an illustrious business career of more than 35 years in the private sector of Bangladesh. Since inception, she has been holding leadership positions at several concerns of Rangs Group, one of the largest business groups in Bangladesh.

Presently, she serves as the Chairman of Sea Resources Group, Rangs Pharmaceuticals Limited, Ranks Construction Limited, Ranks-Agro Industries Limited, and Zhen Natural Limited.

She is also the Managing Director of Ranks Real Estate Limited and Ranks Food & Beverage Limited.

Subsequently, she is one of the Directors of Rangs Limited, Rangs Motors Limited, Rangs Properties Limited, Rancon Autos Limited, Ranks Interior Limited, Ranks Appliance Limited, and a few other Rangs concerns.

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Yamaha celebrates 7 years with ACI Motors https://dhakamirror.com/news/business/yamaha-celebrates-7-years-with-aci-motors/ Sun, 12 Nov 2023 11:00:54 +0000 https://dhakamirror.com/?p=98279 Business Desk : dhakamirror.com ACI Marts is the sole distributor and technical collaboration partner of Yamaha motorcycles in Bangladesh. ACI Motors started its journey in 2007 as a subsidiary of renowned company ACI Limited. In 2016, Yamaha started a new journey in Bangladesh with ACI Motors. At present, more than 116 Yamaha 3S (Sales, Service ... Read more

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ACI Marts is the sole distributor and technical collaboration partner of Yamaha motorcycles in Bangladesh. ACI Motors started its journey in 2007 as a subsidiary of renowned company ACI Limited.

In 2016, Yamaha started a new journey in Bangladesh with ACI Motors. At present, more than 116 Yamaha 3S (Sales, Service and Spares) dealer points became popular by serving with full satisfaction of the customers in the country.

ACI Motors and Yamaha have been working to create awareness of the riders and supporting by giving training the interested riders consistently.

ACI Motors and Yamaha have completed 7 years of their partnership together on 11 November 2023. On this occasion a magnificent event was organized in the capital Dhaka.

Mr Subrata Ranjan Das, Executive Director of ACI Motors and Mr Hiroshi Setogawa Sr. General Manager, Yamaha Motor Co. Ltd. Japan, were present in the program.

Higher officials from ACI Motors were also present in the event. Moreover, all the show-rooms of Yamaha have decorated and celebrated on the occasion of 7 years

completion in a festival atmosphere with the customers of Yamaha and the members of Yamaha Riders Club across the country. – Press release

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