Business Desk : dhakamirror.com A subsidiary of the Norwegian-based Jotun Group, which produces paint and coatings, Jotun Bangladesh Limited (JBL) has invested $7.6 million to open its first plant inside the Meghna Industrial Economic Zone (MIEZ).Jotun Group, with operations in more than a hundred countries is one of the top manufacturers of paints and coatings ... Read more
Business
Biman to fly to China for first time tomorrow
Business Desk : dhakamirror.com Biman Bangladesh Airlines will start running flights on the Dhaka-Guangzhou-Dhaka route from tomorrow, expanding its list of overseas destinations having included China. Managing Director and CEO of Biman Bangladesh Airlines Md. Zahid Hossain and Chinese Ambassador to Bangladesh Li Jiming met on Tuesday at the Chinese Embassy in Dhaka to discuss ... Read more
New MD appointed to state-owned Sonali, Agrani, Rupali banks
Business Desk : dhakamirror.com The government appointed new Managing Directors to Sonali Bank, Rupali Bank and Agrani Bank. The Ministry of Finance’s Financial Institution Division issued three separate circulars regarding the appointments on Sunday. Afzal Karim, managing director of Bangladesh House Building Finance Corporation, has been appointed as the chief executive officer (CEO) and managing ... Read more
Pacific jeans installs rooftop solar power plant
Business Desk : dhakamirror.com A rooftop solar power plant with automatic cleaning system and a capacity of 3.5mw per day has been installed at Universal Jeans Ltd, a concern of Pacific Jeans, at the Chattogram EPZ, at a cost of $0.5 million as part of its green energy initiative. This 3.5mw electricity will meet 10% ... Read more
Bangladesh sets stagger industry holidays amid energy crisis
Business Desk : dhakamirror.com To lessen the frequency and duration of power outages in the midst of an ongoing energy crisis, the Bangladeshi government has established staggered weekly holidays for industrial hubs. A notification establishing the area-wise weekly off was published by the Department of Inspection for Factories and Establishments under the Ministry of Labour ... Read more
BCCCI signs MoU with BIAC
Business Desk : dhakamirror.com The Bangladesh China Chamber of Commerce and Industry (BCCCI) and Bangladesh International Arbitration Centre (BIAC) signed a memorandum of understanding (MoU) in Dhaka on Wednesday. Kaiser A Chowdhury, chief executive officer of the BIAC, and Al Mamun Mridha, acting secretary general of the BCCCI, signed the deal at the BIAC secretariat ... Read more
HSBC facilitates social loan financing for Brac
Business Desk : dhakamirror.com In a recent program, the Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh facilitated social loan financing for brac. In accordance with the agreement, HSBC will provide money to BRAC in the amount of Tk 6.12 billion to carry out social development projects, said a press release. This is the country’s ... Read more
StanChart’s first automated over-the-weekend loan for Nestlé Bangladesh
Business Desk : dhakamirror.com In accordance with its distributor finance program, Standard Chartered Bangladesh has completed the country’s first automated over-the-weekend loan disbursement, according to a press release. The first client to receive the funds from a distributor financing loan on a weekend was Nestle Bangladesh, This enhancement will empower distributors, which are usually small ... Read more
Bangladesh’s Meghna Aviation orders 2 Bell helicopters to purchase
Business Desk : dhakamirror.com Meghna Aviation Ltd. in Bangladesh has inked a contract to buy two Bell helicopters—a Bell 505 and a Bell 407GXi—according to a statement from Bell Textron. Meghna Aviation was founded in 2011 which is a member of the Meghna Group of Industries, a significant conglomerate with headquarters in Bangladesh that employs ... Read more
HSBC to introduce Female Entrepreneur Fund in Bangladesh today
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
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