Business

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

Banglalink on Sunday announced a special offer for its customers after becoming the second largest mobile service operator in terms of subscribers in Bangladesh, with 1.5 crore of subscribers. Banglalink chief executive officer Ahmed Abou Doma at a press conference held in Dhaka

Pubali Bank Limited held its fourth extra-ordinary general meeting and 27th annual general meeting at Pubali Bank auditorium in Dhaka on Thursday. Pubali Bank chairman Hafiz Ahmed Mazumder presided over the meetings, said a news release. The bank approved 30 per cent stock dividend and 5 per cent cash dividend for its

The phone numbers of 2,000 BTCL customers under Gulshan exchange have been changed due to technical reason. Those who had starting number of 884 now can be reached by dialing 841. The other four digits will remain the same, says a press release issued by

The use of vehicle tracking system (VTS) gained popularity among car users in metropolitan cities, by which owners can check on the routes taken by their drivers. The vehicle tracking system has helped retrieve about a dozen covered vans and goods trucks stolen on different highways since the introduction of the technology in Bangladesh in