Business Desk : dhakamirror.com Hongkong and Shanghai Banking Corporation (HSBC) will introduce the “Female Entrepreneur Fund (FEF)” in Bangladesh today as part of its global commitment for assisting female entrepreneurs. According to a news release, the program’s goal is to enhance financial literacy, networking, and funding for women entrepreneurs in Bangladesh through the FEF project. ... Read more
Business
First female head of retail banking at HSBC
Tanmi Haque has been appointed Country Head of Retail Banking, HSBC Bangladesh, effective from Monday. Tanmi succeeds Ahmed Saiful Islam who is moving to a new regional role in Hongkong within the bank according to a press release. Before joining HSBC, Tanmi was Head of Priority and Wealth, Standard Chartered Bank and has also worked ... Read more
Nova Intima will put $28 million into Bepza Economic Zone
Business Desk : dhakamirror.com The manufacturer of women’s underwear Nova Intima signed a contract yesterday with the Bangladesh Export Processing Zones Authority (Bepza) to invest $28 million in the Mirsharai Bepza economic zone of Chattogram. With this investment, 60 million units of underwear and related materials and accessories will be produced yearly, resulting in 5,625 ... Read more
vivo launches short film contest to win X80
vivo has recently announced ‘Visual Creator Short Film Contest’ in Bangladesh and winners will get its latest X-series smartphone vivo X80, said a press release. The smartphone, released recently, was used to shoot a short film titled ‘Chakrakar’ starring Afsana Mimi, Yash Rohan and Nova Firoze. The competition will take place from June 15 to ... Read more
RAK Ceramics will establish bathroom accessories plant
According to business executives, RAK Ceramics (Bangladesh) would invest Tk 95 crore to build a bathroom fittings plant with the ability to create 1,500 faucets, shower heads, and all other relevant accessories in an effort to offer less expensive alternatives to imports. On Thursday, the listed international ceramics company announced its choice in a filing ... Read more
Syngenta Bangladesh appoints new country general manager
Mohammad Hedayet Ullah was recently promoted by Syngenta Bangladesh to the position of country general manager. Hedayet Ullah will simultaneously assume the role of a member of the Syngenta Asia Group Leadership Team, according to a press release, Hedayet replaces AMM Golam Towhid, who has been appointed as regional commercial operations lead for new farming ... Read more
Brac Bank raises Astha fund transfer limits
Brac Bank has enhanced the fund transfer limits on its Astha mobile app and Astha web interface to provide customers with a better digital banking experience.Account to account transfer limits in Astha has been increased to Tk 10 lakh daily. These new limits are applied to all four types of transfers – other bank transfers ... Read more
Electro Mart rolls out new Konka TVs
Electro Mart, a leading consumer electronics company in Bangladesh, recently unveiled new models of Konka android voice-control televisions at the group’s corporate office in Gulshan, Dhaka, according to a press release.
Elon Musk cancels $44 billion Twitter agreement
Business Desk : dhakamirror.comThe CEO of Tesla and richest man in the world, Elon Musk, said that he was canceling his $44 billion agreement to purchase Twitter. According to Musk, the social media business violated numerous terms of the merger agreement, and as a result, the deal is being terminated. On the other hand. Twitter ... Read more
286 ISPs will be unplugged
Business Desk : dhakamirror.comFor failing to transfer their licenses in compliance with regulations, the telecom regulator has ordered International Internet Gateway (IIG) service providers to unplugged bandwidth connections of 286 internet service providers (ISP).The existing ISP licensees were required to convert their existing licenses to four new categories by December 2021 in accordance with the ... Read more
SIM ban unexpected, says GP since it outperformed benchmark
Business Desk : dhakamirror.com According to Grameenphone the latest ban on SIM sales from the telecom watchdog was unexpected. The operator will decide how to proceed after reviewing the regulator’s letter relating to the suspension. The leading telecom operator was directed not to sell new SIM cards by the Bangladesh Telecommunication Regulatory Commission (BTRC) on ... Read more
BASIS to promote local IT in Europe
The Bangladesh Association of Software and Information Services (BASIS) is set to promote local IT products and services in the European market. A delegation of the top ICT trade body in collaboration with the Export Promotion Bureau (EPB) will visit four European countries – Austria, Hungary, Slovakia and the
LG teams up with Rangs Industries
LG Electronics in Bangladesh, the global leader in technology and manufacturing, has signed a partnership agreement with Rangs Industries. Peter Ko, managing director of LG Electronics in Bangladesh, and Yeamin Sharif, divisional director of Rancon Electronics Division, signed the deal at the Rangs eMart showroom in
bKash sets up free health camps in flood-hit areas
Mobile financial service provider bKash has set up free health camps at 10 areas in the flood-hit Sylhet, Sunamganj and Habiganj districts in order to help the people affected by the flood. The areas include Sylhet Sadar, Bishwanath, and Gowainghat of Sylhet district, Sunamganj Sadar, Derai and Chhatak upazila in Sunamganj district, and Baniachong and
Bank Asia disburses loans among 220 women farmers
As part of its financial inclusion drive, Bank Asia Ltd has disbursed agriculture loans among 220 marginal women farmers with a view to making them financially solvent. The private commercial bank lent Tk 1.8 crore at a 4 per cent interest rate to the farmers at an event at the Rajshahi Shilpakala Academy on June ... Read more
Mastercard names winners of ‘spend & win’ campaign
Mastercard has concluded its recent Spend and Win campaign, titled ‘Mystical Maldives’ with an award ceremony. The campaign aimed to bolster domestic and international retail transactions by providing cardholders the opportunities to win attractive prizes on spends using their Mastercard credit, debit, or prepaid
City Bank, Evercare Hospital sign deal
City Bank recently signed an agreement with Evercare Hospital Dhaka and Evercare Hospital Chittagong enabling Citygem priority banking customers to avail complimentary health screening along with a companion once a year. Sheikh Mohammad Maroof, acting managing director of City Bank, and Vinay Kaul, chief
Gree ACs used in Padma Bridge
Gree air conditioners have been an integral part of Padma Bridge ever since construction began on the high-anticipated mega project. Electro Mart is the sole local distributor of Gree air conditioners, which are being used in all facets of the project, including bridge service points, multipurpose halls, resorts, motel
Fu-Wang Ceramic’s Q3 profit unchanged
Fu-Wang Ceramic Industries Ltd’s earnings did not see any change in the third quarter of the current financial year. The ceramics maker reported earnings per share of Tk 0.06 for the January-March quarter against Tk 0.06 registered in the same period a year ago, according to its un-audited
Bonik raises $47,000 to help SMEs launch eCommerce stores
Bonik, a startup that enables SMEs to launch their own e-commerce stores, has raised its pre-seed investment of $47,000 from prominent angel investor Mohammad Maaz, Managing Director of Steeltech Industries Limited. Founded by Salman Saafi (CEO), along with co-founders Jonayed Tanjim (COO), and Atikur Rahaman (CTO), Bonik is a tool for small merchants who run ... Read more