Business Desk : dhakamirror.com Six organizations and five individuals were recognized with “A Better Tomorrow CSR Awards 2022” for making positive contributions to society through various projects. The awards were presented by Planning Minister Abdul Mannan at a ceremony held at Le Meridian Dhaka in the capital, according to a press release. The Daily Star ... Read more
Business
Nagad gets two MasterCard Excellence Awards 2022
Business Desk : dhakamirror.com The Postal Department’s Nagad mobile financial service won the “Mastercard Excellence Award 2022” for its digital innovation in Bangladesh’s financial industry. According to a press release, Nagad won its second online award for its outstanding merchant business contributions. Mastercard recently held the “Mastercard Excellence Award 2022” ceremony in Dhaka’s five-star hotel ... Read more
Rupali Bank made Tahmina Akhter DMD
Business Desk : dhakamirror.com Rupali Bank Limited has appointed Tahmina Akhter to the position of Deputy Managing Director (DMD). The Financial Institutions division of the Ministry of Finance issued a circular in this regard recently, reads a press release. Before joining as DMD, she successfully served as general manager in the same bank. Tahmina Akhter ... Read more
Asian Banker named Islami Bank as ‘Strongest Bank’
Business Desk : dhakamirror.com Singapore-based banking and financial intelligence platform The Asian Banker has named Islami Bank Bangladesh the “Strongest Bank in Bangladesh” and the “Strongest Islamic bank in Bangladesh” for 2022. Foo Boon Ping, the platform’s managing editor, announced this on Thursday through a virtual platform which was joined by Mohammed Monirul Moula, managing ... Read more
1000th sub-branch of IFIC Bank opens in Meherpur
In an effort to create the most extensive and technologically advanced banking network in the country, IFIC Bank has inaugurated its 1000th sub-branch in Mujibnagar, Meherpur. The bank’s chairman and Adviser on Private Industry and Investment to the Prime Minister Salman F Rahman and State Minister for Public Administration Farhad Hossain was present as the ... Read more
Berger Paints offers ‘Mr. Expert Damp Guard’
Business Desk : dhakamirror.com Berger Paints Bangladesh recently launched a product called “Mr. Expert Damp Guard”, saying it protects homes from damages possible from damp conditions. Rupali Chowdhury, managing director, and Arifin Shuvoo, brand ambassador of Mr. Expert Damp Guard, inaugurated the product at Le Meridien Dhaka, said a press release. “With this new product ... Read more
Ceramics show begins November 24
Business Desk : dhakamirror.com In an effort to boost export revenues, the Bangladesh Ceramic Manufacturers and Exporters Association (BCMEA) is holding a three-day expo from November 24–26. The expo is scheduled to take place in the International Convention City Bashundhara in Dhaka, and organizers anticipate participation from some 200 brands from 15 countries, including the ... Read more
H&M’s Bangladesh plan is big
A senior official at the Swedish retail giant says Business Desk : dhakamirror.com H&M has a big plan for sourcing from Bangladesh, but prices will rise by up to 12% after the country graduates from the least-developed countries group in 2026. Bangladesh will lose preferential market access and face 10-12% export duties after becoming a ... Read more
‘One Country, One Rate’ initiative of BTRC wins global honor
The award is presented by ASOCIO in recognition of introducing a non-discriminatory ‘one country one rate’ tariff in Bangladesh News Desk : dhakamirror.com Bangladesh Telecommunication Regulatory Commission’s (BTRC) steps to ensure affordable broadband internet got global recognition as its internet at a flat rate initiative, ‘One Country, One Rate,’ won the ASOCIO-2022 award in the ... Read more
Bangladesh produced 2.51 lakh tonnes of shrimp in FY21: minister
Business Desk : dhakamirror.com Bangladesh produced 2.51 lakh tonnes of shrimp in the 2020-21 fiscal year, and the country’s export income has increased in recent years despite the global recession and Covid-19 pandemic, according to Fisheries Minister SM Rezaul Karim. He spoke at the InterContinental Dhaka in the capital during the closing ceremony of the ... Read more
Bangladesh attends Fashion World Tokyo
Business Desk : dhakamirror.com Bangladesh attended Fashion World Tokyo Autumn 2022 on October 18-20 in Tokyo, Japan. Bangladesh’s Ambassador to Japan Shahabuddin Ahmed opened the Bangladesh Pavilion at Tokyo Big Sight on 18 October 2022, according to a release issued by the embassy there. This is the largest trade show for the fashion industry in ... Read more
StanChart and Brac University to establish curriculum
Business Desk: dhakamirror.com Standard Chartered Bangladesh and Brac University signed a memorandum of understanding recently to develop a curriculum on financial crime and compliance for both undergraduate and graduate students. The aim is to develop professionals trained to prevent financial crime while following both local and international standards of compliance, the lender said in a ... Read more
Singer’s profits drop despite rising sales
Business Desk: dhakamirror.com Although Singer Bangladesh logged higher sales between July and September this year, the company still incurred losses in the quarter, according to a press release. Sales of the multinational electronic and home appliance company were 12.8 per cent higher at Tk 520 crore in the July-September quarter compared to the same period ... Read more
Foodpanda sponsored Bangladesh’s Street Child World Cup team
Business Desk: dhakamirror.com Foodpanda donated €5,000 to the LEEDO squad representing Bangladesh at the Street Child World Cup 2022 in Doha. A Jersey Handover Ceremony was recently held at foodpanda headquarters. The Street Child World Cup Doha 2022 took place 8-15 October and brought impoverished children from around the world together for a football game, ... Read more
bKash partners with wagely to make it easier for RMG workers to access their earned wages
The facility will help RMG employees handle their emergency fund Business Desk: dhakamirror.com Wagely Bangladesh Ltd (wagely) will give Earned Wage Access (EWA) to garment workers who use bKash’s payroll system. With this feature, employees can get already-earned income before payday through their bKash account, helping them handle emergency money, according to a press release. ... Read more
Apex Footwear announces offers on anniversary
Business Desk : dhakamirror.com Apex Footwear yesterday launched its 25-year celebration campaign at The Daily Star Centre in Dhaka, where the company announced some offers and customer engagement activities that will be available at each outlet across the country till the end of December. Conditions apply on all the offers, which include lucky 25, spin ... Read more
Grameenphone reported 5.7% revenue increase in Q3 2022
Business Desk : dhakamirror.com Telecom operator Grameenphone has reported revenues of Tk11,286.75 crore for the first nine months of 2022, registering a growth of 5.7% from the same period last year. In the third quarter, the company lost some 2.9 million subscribers owing to a ban on SIM sales imposed by the Bangladesh Telecommunication Regulatory ... Read more
Unilever Consumer Care profit increased by 15% in the third quarter
Business Desk : dhakamirror.com Unilever Consumer Care Limited posted 15 per cent higher profit in the third quarter of 2022 compared to a year earlier. The multinational company made a profit of Tk 18.72 crore in the July-September period, up from Tk 16.28 crore in the identical period in 2021. Its earnings per share were ... Read more
Heidelberg Cement continues to incur losses
Business Desk : dhakamirror.com Heidelberg Cement Bangladesh Limited suffered losses in the third quarter of 2022. The multinational cement manufacturer incurred a loss of Tk 3.61 crore in the July-September quarter. It made a profit of Tk 10.79 crore during the same period a year earlier. Thus, the earnings per share of the company were ... Read more
BGMEA, Fashion Design Council to promote khadi worldwide
Business Desk : dhakamirror.com The Bangladesh Garment Manufacturers and Exporters (BGMEA) and the Fashion Design Council of Bangladesh (FDCB) intend to forge collaboration to promote and develop high-end fashionable garments using home grown fabrics and materials. The willingness was expressed when FDCB President Maheen Khan and Vice President Emdad Haque met with BGMEA President Faruque ... Read more