Organisation News
BASIS holds election for executive council
Russell T Ahmed is set to retain his position as president of the Bangladesh Association of Software and Information Services (BASIS) as his panel, One Team, secured eight of the 11 positions available on the organisation’s executive council.
ICB Asset Management Company hands over 60% interim dividend to ICB
The Investment Corporation of Bangladesh (ICB) has received a dividend warrant for a 60 percent interim dividend declared by the ICB Asset Management Company.
Hike tax on cigarettes to boost revenue collection
The tax on cigarettes in Bangladesh should be raised in the national budget for fiscal 2024-25 to boost the country’s revenue generation and minimise health risks, according to experts.
Sunshine Bricks honoured as “Green Champion”
Sunshine Bricks was recently honoured as a “Green Champion” for manufacturing construction materials with the successful implementation of energy-efficient tunnel kiln technology.
Digital technology crucial for essential service delivery
Bangladesh needs to take the crucial decision of embracing digital technology to ensure essential services like healthcare and education, said Binayak Sen, director general at the Bangladesh Institute of Development Studies (BIDS), yesterday.
Mamun Rashid joins ShopUp as president
Mamun Rashid, an economic analyst and banker, has joined ShopUp, a business-to-business commerce platform in Bangladesh, as president.
IBA winner of ‘HSBC-IBA Business Case Competition 2024’
The Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh, in partnership with the Institute of Business Administration (IBA) of the University of Dhaka, recently organised the finale and award-giving ceremony of “Business Case Competition 2024”.
ACI Motors opens new Yamaha showroom on Madani Avenue
ACI Motors, distributor of Yamaha motorcycles in Bangladesh, recently launched Yamaha’s new showroom, styled “Rubel Express”, at 100 feet on Madani Avenue in Gulshan’s Natun Bazar.
Nagad, Pran-RFL Group ink deal on digital finance, consumer goods integration
Nagad has forged a corporate partnership with Pran-RFL Group, marking a significant milestone in the evolution of digital finance and consumer goods integration.
GPH Ispat makes Tk 64 crore profit in Q3
GPH Ispat Ltd registered a profit of Tk 64.31 crore between July and March of the current financial year on the back of the relative stability in the exchange rate as it helped reduce expenses for raw materials imports.
RAK Ceramics’ profit plunges 70% in Q1
RAK Ceramics (Bangladesh) Limited saw a 70 percent decline in profit in the first quarter of the current calendar year compared to same period last year due to a decline in sales.
Summit Power's profits climb 49%
Summit Power Ltd (SPL) recorded a profit of Tk 441.64 crore in the July-March period of the ongoing financial year (FY) 2023-24, up a substantial 49 percent year-on-year despite witnessing a decline in revenue.
BFIU organises meeting with ICCAB
The Bangladesh Financial Intelligence Unit (BFIU) recently organised a meeting with the newly-formed executive committee of anti-money laundering compliance officers of the Insurance Companies CAMLCOs Association of Bangladesh (ICCAB) at the Bangladesh Bank in Motijheel.
Four establishments of Ispahani Group win ‘Green Factory Award’
Three tea gardens and an export-oriented textile mill of Ispahani Group have been honoured with the “Green Factory Award 2023” in recognition of their commitment to providing environment-friendly working environments.
Bank Asia Securities holds AGM
Bank Asia Securities Limited recently organised its 13th annual general meeting (AGM) at Bank Asia’s board room at Rangs Bhaban in the capital’s Bijoy Sarani.
Polygon, Zaytoon strike deal to implement CPS
Zaytoon Fintech recently signed an agreement with Polygon Information and Technology to implement Core Payment Solution (CPS).
Seven Rings Cement holds ‘Dealer Conference’
Seven Rings Cement recently organised a “Dealer Conference 2024” at a hotel in Cox’s Bazar.
Rationalise tariff to protect local industry
Entrepreneurs yesterday emphasised the need to follow Bangladesh’s tariff policy when imposing duties on imported goods.
