Business

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

Corporate News AB Bank celebrates 28th anniversary AB Bank, the first private sector commercial bank of the country, celebrated its 28th founding anniversary on Sunday. All of its 77 domestic branches drew up simultaneous programmes to observe the day in a befitting manner. Qur’an Khwani and prayer sessions were held at

Gulf Air, the national carrier of Bahrain, touched 60 years of operations on March 24, the airline said in a statement. The airline’s first flight, an Avro Anson seven-seater aircraft, took off from Bahrain to Sharjah via Doha in 1950. The fare was Rs130 (single) and Rs220 (return) at

CoolExpo-2010, an exposition of cooling products and services both for home and industrial users, is going to be held for the first time in the country in April 23-24. EventPro, a local event management firm, will organise the first such exposition at Dhaka Sheraton Hotel to give people a touch of cool feeling in the

Standard Chartered Bank signed a microfinance facility agreement on Monday with Thengamara Mohila Sabuj Sangha, a microfinance institution. Under this financing arrangement, StanChart will disburse Tk 350 million to TMSS which will be directed towards growth of their microfinance portfolio,

Industrial and Infrastructure Development Finance Company (IIDFC) Ltd yesterday signed a deal with India’s National Small Industries Corporation (NSIC) Ltd to get technical support to help set up the first private sector ICT village in Bangladesh. Also, IIDFC, a non-bank financial institution, plans to provide financial support to ICT

An interactive, colourful and international standard four-day fair, “BCS Digital Expo- 2010 and ASOCIO multilateral Trade Visit” will begin at Dhaka Sheraton Hotel tomorrow. Prime Minister Sheikh Hasina is expected to inaugurate the fair, organised by Bangladesh Computer Society (BCS) at the

Bangladesh Post Office (BPO) signed an agreement with Banglalink, the country’s 2nd largest mobile operator. As per the agreement, Banglalink, through its cellular network, will facilitate the connectivity of 1,600 post office branches all over Bangladesh becoming the exclusive network service provider for

The government is receiving Taka 3 crore additional revenue every day with the BTRC (Bangladesh Tele Regulatory Commission) measures to ban illegal use of VOIP (Voice over Internet Protocol). A report of the Post and Telecommunication Ministry shows that the revenue of the government from

The Bangladesh Bank gets solar power today to shed power crisis with the renewable and green energy resource. The BB governor, Atiur Rahman, will inaugurate the solar power system at 11:00am at the central bank’s headquarters in the city. The solar power system will generate 8 kilowatt of electricity, well enough to keep the energy