Business

Nizam Uddin Ahmed, Vice-Chairman of Bangladesh Insurance Association has been elected as director of FBCCI for the period 2010-2012. Nizam is the Chairman of Meghna Life Insurarce Co. Ltd. and Karnaphuli Insurance Co. Ltd . He is also

Mercantile Bank held a press conference on its 11th founding anniversary at Dhaka Sheraton hotel yesterday. The managing director and chief executive officer Dewan Mozibur Rahman read the written statement of the bank. Chairman of the bank Md. Abdul Jalil, vice-chairman M. Amanullah and Anwarul Haque,

Green Delta Financial Services Ltd (GDFSL) has opened its sixth branch as a panel broker of Trust Bank Ltd in Dhaka recently. Nasir A Choudhury, chairman of GDFSL, and M Shah Alam Sarwar, managing director of Trust Bank, inaugurated the branch at People’s Insurance Bhaban in

MTB Securities, stock brokerage arm of Mutual Trust Bank, opened its Rajshahi branch at 419, Parents Plaza, Alupatty, Ghoramara, Rajshahi on Monday. Rajshahi University pro-vice-chancellor Muhammad Nurullah inaugurated the branch as chief

Prime Bank Limited opened its 85th branch at Pabna in an inauguration ceremony held recently. Quazi Sirazul Islam, Vice Chairman of the Board of Directors of Prime Bank Ltd. inaugurated the Branch as Chief Guest. while M. Reazul Karim, Deputy Managing Director of the Bank presided

Rahimafrooz Distribution Limited has recently re-launched its new sales and service centre at Noor Mansion of Agrabad in Chittagong. In addition to displaying wide array of renowned brands like Dunlop tyre, Lucas battery, Castrol Lubricating Oil, Daewoo electronic item, GE lighting, Hager switching products, Rahimafrooz IPS

A four-day ice cream festival, jointly organised by the Dhaka Sheraton Hotel and ice cream brand IGLOO, begins at the Lobby Café in the hotel tomorrow. Ice cream lovers will be able to enjoy unlimited ice cream for Tk 500 per person during the third ‘Sheraton IGLOO Ice cream Festival,’ said one of the organisers ... Read more

The government is going to set up a specialised industrial park at Gazaria in Munshiganj district for the country’s burgeoning pharmaceutical sector, industries minister Dilip Barua said. Ground breaking for the proposed Tk 233 crore project would be held in mid-June, the minister

Infrastructure Development Company Ltd (IDCOL), a state-run non-bank financial institution, will observe the Biogas Week 2010 starting here today. On the first day, Majpara union in Atgharia upazila, Pabna will be declared a ‘biogas union’. IDCOL also plans to set up 12,000 biogas plants in the country, IDCOL officials told the

Eminent banker Mohammad Abdul Mannan has taken over the charge of managing director of Islami Bank Bangladesh Limited from May 19, 2010. Mohammad Abdul Mannan who carries with him 27 years of experience in Banking, started his

Eastern Bank Ltd opened a billspay centre at Bashundhara Residential Area in Dhaka on Wednesday. Playpan Centre principal Sabera Parveen Harun and EBL consumer banking head Mohd Musa inaugurated the centre, said a news

Grameenphone and CARE Bangladesh recently signed a memorandum of understanding to initiate a rural sales programme. Arild Kaale, chief marketing officer of Grameenphone, and Nick Southern, country director of CARE Bangladesh, signed a memorandum of

Agora, a leading chain supermarket, opened its first outlet in Chittagong yesterday. With a commitment to offer hassle-free shopping in a comfortable atmosphere, the first Agora outlet outside Dhaka started its journey in an 11,000 square feet store at Afmi Plaza, just beside

The Asian Development Bank (ADB) has appointed Thevakumar Kandiah as country director for its Bangladesh Resident Mission, the donor agency said in a statement yesterday. He succeeds Paul J Heytens, who has been assigned as country director to the ADB resident

Bank Asia opened its 9th SME service centre at Basabo in Dhaka on Wednesday. Director of the bank Faisal Samad inaugurated the centre, said a news

Citycell signed an agreement with Jumairah Holdings Limited, a real estate company, recently. Jumairah Holdings managing director Md Shahjahan and Citycell sales and distribution head Mahboob Hossain signed the agreement, said a news

Walton opened its showroom Maria Electronics at Sarulia of Demra in Dhaka recently. Director of Walton Ilias Kanchan, also a film actor, inaugurated the outlet, said a news

Grameenphone Ltd. yesterday introduced a new package “Baadhon”, designed to serve the rural people of the country at affordable costs. The package — Baadhon — will be available for Tk 1,499. The connection will include a handset, and customers will also get free talk time worth Tk 120 and a welcome tune on

Etihad Airways, the national flag carrier of the United Arab Emirates, on Tuesday signed an agreement with Wings Classic Tours and Travels Ltd, an aviation network company, to provide services to passengers travelling to and from Sylhet and Chittagong. Accordingly, passengers willing to secure bookings, flights and confirmations with the Etihad will

The government expects to receive demand orders for sending 55,000 women workers abroad in the next fiscal year, mainly for housekeeping services. The parliamentary standing committee on labour and employment ministry yesterday disclosed the details on the prospect of migrant