Business

Nagar Homes Ltd., a leading real estate company of the country, has received Independence Honour Award for its special contribution to the country’s Real Estate Sector. The award was given at a ceremony organized by a Juvenile organization “Shwadhinata Shangsad” at Poet Sufia Kamal Auditorium,

Islamic Finance and Investment Ltd has elected Anis Salauddin Ahmed as chairman and Montasir Billa and Liaquat Hossain Moghul as vice chairmen, the company said in a statement yesterday. The election took place at the company’s 106th Board of Directors meeting in Dhaka on

Five peaking power plants PDB signs Tk 3,500cr contracts with 3 cos The Power Development Board on Monday signed contracts worth around Tk 3,500 crore with three companies for the installation of five peaking power plants with a combined generation capacity of 420MW. The PDB signed two contracts with a local consortium of Energypac Power ... Read more

Leading mobile telephone operator Robi is set to make a significant mark in the country’s telecommunication sector. Robi has undertaken amassive plan aimed at improving its services to the customers. The company will invest Tk. 48 crore (USD 70 million) in network modernization and expansion which will improve its customer’s experience when making calls and ... Read more

Grameenphone has introduced a new package ‘Ekota’, a telecom solution designed to meet the business needs of small organisations. Ekota subscribers can call other operator numbers anytime at a special flat rate, said a news release. While calling to GP numbers, they will enjoy special rate during 12pm—4pm and

Mohammad Abul Bashar has been elected as the president of Bangladesh Association of International Recruiting Agencies (Baira) and Ali Haider Chowdhury as general secretary. The portfolios of the elected members of Baira executive committee were distributed yesterday following the elections on Saturday, Baira said in a

Pubali Bank Limited(PBL) rated AA3 (Pronounced Double A Three) in the Long Term and ST1 in the Short Term. This level of rating indicates very strong capacity for timely payment of financial commitments in both Long Term and Short Term. This rating assignment based on the Audited Financial Statements of December 31,  2009 and

City Bank has recently signed an agreement with Org Quest Research Limited, a company engaged in market survey, under which Org Quest will conduct a major customer survey on SME and Agri customers of the bank, said a news release. This survey is aimed at finding out the procedural difficulties SME customers might be facing ... Read more

Citycell and Bangladesh Institute of ICT in Development have undertaken a joint initiative named Batighar project. This is a social business initiative under Citycell’s Corporate Social Responsibilities Umbrella, said a news release. The objective of this project is to implement the facets of ICT for improving the life of the

The Bangladesh Mobile Phone Importers’ Association on Sunday demanded that import duty on a mobile set should be set at Tk 100 in the next financial year from the existing 12 per cent on the import value. The association put forth the demand at a briefing at the National Press Club saying it would

Mobile operator, Robi, on Sunday declared two new bonus offers for its subscribers and retailers. As per the new plan, subscribers will receive Tk 7.5 and Tk 15 in bonuses while the retailers will get Tk 2.5 and Tk 5 on the refill of Tk 105 and Tk 205 respectively, said Robi chief commercial officer

The newly appointed chief executive officer and managing director of the country’s largest state-owned Sonali Bank, Humayun Kabir, is expected to take charge after May 24, official sources said. Officials at the Bangladesh Bank said on Sunday that the central bank was likely to give its consent today to

BRAC EPL opened services at its Gulshan branch in Dhaka on Sunday. Chairman of BRAC Bank and BRAC EPL Muhammad A (Rumee) Ali was present in the inauguration ceremony of the portfolio management and stock brokerage services at the branch, said a news

Eastern Bank has introduced two new SME loan products – ‘EBL Uddom’ and ‘EBL Invoice Factoring.’ The bank introduced the products with a view to helping expansion of small and medium enterprises in the country, said a news release. EBL managing director and chief executive officer Ali Reza Iftekhar at a news conference in a

SIRIUS Marketing and Social Research Ltd, a Bangladeshi market research agency, has been awarded the Gallup World Poll Partner of the Year 2009 for Asia recently. Gallup Inc, a leading public opinion research company in the world, gave the award to SIRIUS for delivering high quality data and services related to the

HSBC is set to award exporters on Wednesday to recognise the ingenuity of Bangladesh businesses. The award is meant for exporters from emerging entrepreneurs to established names continuously striving to position the country’s products in international markets, the

Celebrates 15th anniversary Managing Director of Prime Bank Limited M. Ehsanul Haque addressed a group of journalists at a press conference organised on the occasion of 15th Anniversary of the Bank. Deputy managing directors Md. Mehmood Husain, Md. Reazul Karim, Isbahul Bar Chowdhury and

Citycell and HSBC have recently signed a memorandum of understanding at the Citycell head office at Mohakhali in Dhaka. Citycell chief executive officer Mehboob Chowdhury and HSBC personal financial services head Md Shafquat Hossain signed the agreement, said

Berger Paints Bangladesh Ltd has recently arranged a trip to Malaysia for its dealers as recognition of their business performance. Berger Paints Bangladesh marketing head AKM Sadeque Nawaj and other officials accompanied the dealers in the tour, said a

Mobile operator Banglalink added 36 lakh subscribers in 2009. The total subscriber base of Banglalink stood at 1.39 crore at the end of 2009, which is a 34.3-per cent increase from the previous year, said a news release. Banglalink’s market share at the end of 2009 was 26.8 per cent, a 3.6-per cent increase from