Business Desk : The success of the Bashundhara Cement Sales Conference 2024 spotlights Bashundhara Group’s position as a driving force of economic growth and innovation in Bangladesh. Bashundhara Cement organized a daylong “Annual Sales Conference-2024” titled with “Empowering Sales through Innovation and Strategy” inaugurated by Bashundhara Group’s Vice Chairman Safwan Sobhan at city’s International Convention City Bashundhara, recently. Attended by over 300 members of Bashundhara Cement’s salesforce to unite, the Sales Conference concluded with resounding success, marking a pivotal moment...
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Business Report : At the 17th Dhaka Motor Show 2024, Asian MotorSpeX Limited unveiled three new and advanced models from the ‘Jaecoo’ and ‘Omoda’ brands. The models, JAECOO J7, OMODA C5, and OMODA E5, captured the attention of show-goers immediately after their launch, thanks to their cutting-edge features, attractive design, and aesthetic presentation. The unveiling event was graced by Dewan Shajedur Rahman, Managing Director of Asian MotorSpeX Limited, along with other officials. Prominent social media influencers Rafsan Sabab, Hamza Khan...
Business report : Bidi workers demanded that the bidi industry to be declared a cottage industry by withdrawing the bidi duty and advance income tax as during Bangabandhu’s era. They called for an end to the conspiracy of the British American Tobacco Company by demanding all kinds of benefits to the workers from the government like the neighboring country India. Bangladesh Bidi Sramik Federation, Greater Rangpur Region made these demands from the labor rally held at Rangpur Public Library ground...
Business Report : Shanta Holdings Ltd, the country’s leading real estate developer, on 24 May announced a new project called “Dhaka Tower” – a 500 ft skyscraper designed by the renowned studio “The Office of Metropolitan Architects (OMA)” of Netherlands. The launching event was attended by OMA partner Lyad Alsaka, says a press release. Meanwhile, the groundbreaking for Dhaka Tower is complete, and the project is now open for bookings and due for completion by 2028. Once built, the 1.5...
Business Report : Finance Minister Abul Hassan Mahmood Ali on Sunday said the 3rd tranche of the loan from the International Monetary Fund (IMF) will be available this June. Mahmood Ali said this while replying to a question from the reporters after Executive Director of IMF Krishnamurthy Venkata Subramanian met him at his office at the Bangladesh Secretariat on Sunday. “We’re trying to increase the flow of US dollars. It requires a lot of negotiations. Hopefully, we’ll be able to...
Business Report : The stock ended 61.54 points down in the premier bourse on Sunday, extending its losing streak as the jittery investors continued to sell off their holdings as investors went for panic sell-offs amid growing concerns over the economic uncertainties. Following the previous week’s major fall, the DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down 61.55 points to settle at 5,251. The prime index has lost nearly 7.83 per cent in the last 9...
Business Desk : Kabir Steel Re-Rolling Mills (KSRM) one of the leading steel manufacturing groups in the country, has brought its employees under the Universal Pension Scheme, becoming the first industrial group to do so. Around 1,000 employees of the KSRM Steel Plant in Sitakunda were brought under the pension scheme during an event in Chattogram on Saturday. Other employees of the organisation will gradually be brought under this programme. As part of the company’s corporate social responsibility, KSRM authorities...
Business Desk : After the completion of workover works of well number 14 of Titas Gas Field of Bangladesh Gas Fields Company Limited (BGFCL), gas supply to national grid began from Saturday. Energy and Mineral Resources Secretary Md Nurul Alam inaugurated it, said a press release. Around 12 million cubic feet gas will be supplied from the well number 14 to the national grid every day on experimental basis. On March 19 last, workover works began and it ended on...
Staff Reporter : Banks and financial institutions in Bangladesh are losing people’s trust due to various issues, including liquid crisis and non-performing loans, say experts. As a result, the country’s economy is gradually getting damaged. Moreover, the financial institutions are not succeeding in gaining the trust of local and foreign investors, the experts highlighted during a discussion at the EMK Center in Dhaka on Saturday (25 May). Speaking at the discussion titled “Development Opportunities in Emerging Economies”, Former IMF Assistant...
Business Desk : A discussion meeting was held on 25th May 2024 with the Branch Managers and Operations Managers of Dhaka North and South Regions along with the Corporate Branches of Dhaka. The meeting was held at a renowned convention center in Dhaka. Khalilur Rahman, Chairman of the Board of Directors of NBL attended meeting as the chief guest while Professor Md Helal Uddin Nizami, Vice Chairman, Lieutenant General Md. Shafiqur Rahman, Osp (Bar), Spp, Afwc, Psc (Retd), Director; ABM...
Business Desk : eGeneration PLC, a leading system integration company renowned for its strong commitment to digital security, has once again been recognized by Cyble, a global leader in digital risk profiling and threat intelligence. Shameem Ahsan, Founder and Managing Director of eGeneration received the recognition from Cyble CEO Beenu Arora during the GrowCon 2024 – Cyble Partner event in Thailand recently, reads a press release. Silicon Valley-based Cyble, a rapidly expanding leader in AI-powered cyber risk management, has honored...
STRESA: G7 finance ministers said in a draft statement Saturday they were “committed to further financial and economic sanctions” against Russia over its war against Ukraine, and would counter evasion efforts. “We are also committed to further financial and economic sanctions to reduce Russia’s sources of revenue and capacity to wage war against Ukraine, including continuing to target Russia’s energy revenue and future extractive capabilities,” they said in a draft statement seen by AFP at the end of talks in...
