Business

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

The Paradise Cables Limited, a sister concern of Paradise Group, has recently received certificate of the British Approvals Service for Cables for its environment friendly and high quality products. The group’s chairman, Mosherraf Hossain, told a press conference at the Dhaka Club that the prestigious BASEC certificate brought pride for

Standard Chartered Bank has launched its financial kiosk at Banasree of Rampura in the city on Monday. It is equipped with an ATM, a Billspay machine, a contact centre hotline and an Internet banking kiosk and there are service staff to support customer queries and requests, said a

Standard Chartered Bank, Qatar has committed USD 68,000/- to Standard Chartered Bank in Bangladesh for its local ‘Seeing is Believing’ projects in Dhaka. David Godwin, CEO, Standard Chartered Bank, Qatar recently visited Bangladesh to officially handed over the cheque to Jim McCabe, CEO, Standard Chartered Bank, Bangladesh and meet

Bates 141 – the world’s largest Asia-devoted marketing communications network, formally entered the Bangladesh advertising arena with the launch of ‘Bates 141 Bangladesh’ on May 6, 2010 at Khazana, Dhaka. Bates 141 Bangladesh is a 100% WPP Company and plans to offer an array of ATL and BTL services, including Activation, CRM, digital and mobile ... Read more

The shareholders of Shahjalal Islami Bank Limited in their 9th AGM and EGM approved 25 per cent stock dividend for the year 2009 and increased authorized capital of the bank from Tk. 400 crore to Tk. 600 crore. Both the meetings were presided over by the chairman of the board of directors of the bank ... Read more

The Gulshan branch of AB Bank was relocated to a new address on Sunday. The new branch is located at Ventura Avenue on Road 34, Gulshan Model Town, Dhaka. On the same day, AB Bank opened an ATM booth at its Gulshan branch. All Visa cardholders and E-cash cardholders will be able to avail 24 ... Read more

Mobile phone operator Banglalink has so far added around 1.5 crore subscribers to its network, showing its strong position in terms of customer acquisition in the six-player market. The company, however, will have to be happy with the market’s second position, as Grameenphone still holds the top position with

Bashundhara Group, leading business and industrial conglomerate in the country, will soon enter the era of third generation telecommunications – the transmission control protocol (TCP) popularly called internet protocol (IP) telephony. Transmission control protocol (TCP) solution provider in the United States of America, the