Business

Grand opening of Manhattan branch of Grameen America, a not-for-profit micro finance organization founded by Professor Muhammad Yunus was held at Manhattan recently. The ceremony took place at The Great Hall at City College of New York and was hosted by the Colin Powell Center for Policy Studies. Prior to this 2 branches in Queens ... Read more

Digital TV Expo-2010, an exposition of mainly latest television technology and allied products for home users and business clients, is going to be held for the first time in the country ahead of next month’s FIFA World Cup Football 2010. Event management firm EventPro Limited will organise the exposition at Dhaka Sheraton Hotel in

Mobile phone operator Robi organised a ceremony to mark the installation of SIMBOX detection system to help track illegal VoIP connections at its head office on Thursday. BTRC spectrum division director general Md Ahsan Habib Khan, commission secretary Mahboob Ahmed and

The broadband internet subscription of Bangladesh Telecommunications Company Ltd (BTCL) soared 83 percent in April from a month ago because of reduced charges. Subscribers used the asymmetric digital subscriber line or ADSL, a data communications technology

Bank Asia inaugurated its eighth SME service centre at Chaktai in Chittagong on Thursday. Mostafa Group of Industries managing director and chief executive officer Jahir Uddin inaugurated the centre as chief guest, said

Mobile phone operator Banglalink has signed a memorandum of understanding with Dutch-Bangla Bank at Banglalink head office in Dhaka recently. With the signing, both the parties have agreed to collaborate with each other to launch mobile

Premier Leasing and Finance Limited, a non-banking financial institution, opened a branch at Dargah Gate in Sylhet recently. Sylhet city mayor Bador Uddin Ahmed Kamran inaugurated the branch as chief guest at a ceremony at the ballroom of Hotel Star Pacific at the East Dargah Gate in Sylhet, said a

A prominent lawmaker of the Awami League-led alliance on Saturday expressed apprehensions about proper allocation for information and communication technology sector in the next budget in keeping with the government’s pre-election pledge to build a digital Bangladesh. Hasanul Haque Inu, chairman of the parliamentary standing on post and telecommunications

A parliamentary body has asked the government to offer tax- and duty-free benefits to all solar accessories in the next budget to encourage faster expansion of green energy, its chairman said at a discussion in Dhaka yesterday. “Our existing energy sources will deplete in the years to come. So, we will have to go for ... Read more

Abu Nasser Muhammad Abduz Zaher, representative of lbn Sina Pharmaceutical Industries Limited, was re-elected chairman and Yousif Ahdullah Al-Rajhi, representative of Al-Rajhi Company for Industry & Trade, KSA and Mustafa Anwar were also re-elected vice-chairmen of

The Hongkong and Shanghai Banking Corporation in Bangladesh has recently signed a memorandum of understanding with Etihad Airways. Under the agreement, HSBC select customers would receive preferential rates and privileged

A three-day ‘Bank Card Fair’ to showcase services of credit and debit cards began in the city’s Bangabandhu International Conference Centre on Friday. The country’s leading banks and financial institutions set up 40 stalls at the card fair, the first of its kind in the country, organised by a business weekly

The World Bank, acting as administrator for the Global Partnership on Output-Based Aid (GPOBA), has approved two grants for a total of US$8.3million to subsidize part of the costs for installation of Solar Home Systems (SHS) and renewable energy mini-grids for poor households in rural

The Bangladesh Bank has asked the all commercial banks not to take any service charge against the deposit of Tk 5,000 to preserve the interests of the small depositors, official sources said. Besides, the central bank has also given directive to all banks for taking only Tk 100 as service

Concord Engineers and Construction Ltd has won the International Quality Summit Award from Spain-based Business Initiative Direction (BID), a nongovernmental institution, the company said in a statement. It won the award in ‘gold category’ by defeating 267 companies from 100 countries around the

Robi, a leading telecommunication service provider and DFID Remittance Payment Challenge Fund (RPCF) signed an agreement in the capital recently to create a consortium of partnerships with banks and non-bank organizations to improve migrant entrepreneurship and vocational

Mahbub Jamil has been re-elected as the chairman of International Leasing and Financial Services Ltd (ILFSL) for the next two years, the company said in a statement yesterday. The election was made in the company’s 102nd meeting on April 29. Jamil, also the chairman of Singer Bangladesh Ltd and ICE Technologies Ltd, has been serving

Corporate News City Bank opens branch at Banani City Bank opened its 88th branch at Banani (Road 11) in Dhaka on Thursday. Chairman of the bank Aziz Al Kaiser inaugurated the branch, said a news release. The new branch will provide customers with retail loans, deposits, customer care, remittances and

GPH Ispat Limited received ISO 9001:2008 certificate from the United Registrar of Systems Limited of United Kingdom at a ceremony at Westin Hotel in Dhaka on Monday. URS regulatory affairs director and ROS AS schemes manager Bill Hartman handed over the

IOM releases first remittance household survey Intermediaries eat up 60 percent of the migration costs in Bangladesh, pushing up the total expenses to the highest in South Asia, according to a national survey released yesterday. The intermediaries, followed by relatives, emerged as the major agents helping migrants with