BRAC Bank's consolidated Net Profit After-Tax (NPAT) registered a growth of 74% year-on-year (YoY) and reached TK 1,011 crore during the first nine months of 2024. On a standalone basis, the bank registered an NPAT growth of 64%, posting TK 827 crore. The bank sustained its growth trend and delivered a 26% annualised growth in its balance sheet. While the bank's customers' deposits grew by 34% (annualised) to reach TK 61,602 crore, the lending book recorded a growth of 14% (annualised) and stood at TK 57,413 crore at the end of September 2024. Driven by growth in both business and investment, both funded and non-funded income also grew significantly, registering a 35% YoY growth in overall revenue. Along with business growth, significant improvement in portfolio quality was ensured, resulting in the non-performing loan (NPL) ratio coming down to 2.80% in September 2024 Read more...
Mustafa Rafiqul Islam Duke has been appointed as the managing director of privately owned land phone Dhaka Telephone Company Limited (DTCL). At the same time, ATM Hayatuzzaman Khan became the chairman of the company. On Monday (November 4), the company's board of directors decided to appoint a new MD and chairman. This appointment will bring Dhaka Phone, the company's main business, to the light of day. Mustafa Rafiqul Islam Duke said, we will actively work to lower both voice and internet prices according to consumer needs. The company announced this information in a press release on Tuesday. Dhaka Phone started operations in the Chittagong and Sylhet zones in 2006 and in the capital, Dhaka, in 2007 as the first private-sector fixed-line operator. Mustafa Rafiqul Islam Duke was the director of Dhaka Telephone Company Limited from its inception. He holds BSc and MSc in Computer Read more...
With a presence in 78 thanas, 806 road coverage, several employees, and a growing number of green hubs in multiple areas across Bangladesh, the steadfast growth is jaw-dropping. This is how PriyoShop is thriving. PriyoShop doesn’t measure success but rather thrives for continuous success for the MSMEs. Pursuing the mission, PriyoShop reaches every corner of the country, bringing essential products and services directly to MSMEs from the finest brands residing in Bangladesh and helping them grow like never before from 2021. PriyoShop’s journey is rooted in strengthening the backbone of Bangladesh’s economy—its MSMEs. By forming direct, meaningful relationships with local businesses, PriyoShop creates real opportunities for growth, driving business success where it matters most. Through this approach MSMEs gain access to larger markets, efficient logistics and financial Read more...
On November 2, 2024, American International University-Bangladesh (AIUB) hosted the “Cisco IoT Hackathon 2024” in its campus at Kuratoli, Khilkhet, Dhaka. This day-long event brought together 125 talented programming teams from educational institutions across the country. From this remarkable pool of innovative minds, 20 teams advanced to the final competition round, where they presented their projects to a distinguished panel of judges. Following a rigorous evaluation, the judges awarded prizes to the top three teams for their exceptional projects. The first prize of 50,000 BDT was awarded to Team Underrated—comprising Md. Shakil Hossain, Mahin Shikder, Kamrul Islam, and Safid Hasan—for their outstanding project, "Smart Farm Management System Using IoT for Enhanced Agricultural Productivity and Disaster Mitigation," which impressed the judges with its Read more...
BGMEA University of Fashion & Technology (BUFT) proudly hosted the Shaheed Selim BUFT National Debate Competition 2024, an inspiring three-day event organized by the BUFT Debate Club, drawing 64 teams from colleges and universities nationwide. Held on November 1 and 2, the competition culminated in a thrilling Final Round and Closing Ceremony on November 4, where a memorandum of understanding was signed to establish the Shafiuddin-Tasrifa Scholarship Fund, backed by a generous Tk 50 lakh donation honoring the parents of the BUFT Board of Trustees Chairman. Notable attendees included the program chair, Mr. Faruque Hassan, Chairman of the BUFT Board of Trustees (BoT), Former President of BGMEA, and Managing Director of Giant Group, along with Syeda Rizwana Hasan, Advisor for Environment, Forest, and Climate Change to the Interim Government of Bangladesh, who served as the Chief Guest. Read more...
Amal Milton Rosario has been elected as president, and Rock Ronald Rosario has become the general secretary in the election held on Friday (November 1) in Dhaka. “I hope those who have been elected in the election will create a stir,” said editor of the Weekly Pratibeshi, Father Augustine Rebeiro. "Let intellectual practice be the core," he said. Newly elected president Milton Rosary said, "The members have trusted us and elected us; we will not let them down." Something good will happen, he added. Elected General Secretary Rock Ronald Rozario said, “This is victory is a victory for all Christian writers and for all of us. I hope everyone will extend their helping hands as partners in the new journey," he said. Meanwhile, a total of 13 members were elected to the newly formed committee. They are President, Read more...
Social Islami Bank PLC (SIBPLC) has appointed Md Nazmus Saadat as its new Deputy Managing Director. With a distinguished career spanning 27 years, Mr Saadat brings a wealth of experience in Islamic banking and financial services to his new role, according to a media statement Wednesday. Mr Saadat began his journey in 1995 as a probationary officer at Islami Bank Bangladesh Limited, where he excelled in various departments over a 12-year tenure, including the local office and the Foreign Exchange Branch. He later showcased his leadership at Al-Arafah Islami Bank, managing the Dilkusha and Motijheel Branches, as well as overseeing the Marketing and Business Development Division and the Corporate Investment Division at the Head Office. Since joining Social Islami Bank in 2014, Mr. Saadat has effectively led the Investment Risk Management Division and served as the Manager of the Principal Read more...
Southeast Bank PLC. has organized its 745th board meeting on 20 October 2024. Mr. M. A. Kashem, Chairman, Southeast Bank PLC. presided over the Board Meeting. Vice-Chairperson Mrs. Rehana Rahman, Bank’s Directors- Mr. Azim Uddin Ahmed, Mr. Md. Akikur Rahman, Mrs. Duluma Ahmed, Mrs. Jusna Ara Kashem, Independent Director- Mr. Mohammad Delwar Husain, Mr. Nuruddin Md. Sadeque Hossain, Managing Director and Mr. A.K.M. Nazmul Haider, Company Secretary of the Bank also participated in the meeting. The Board of Directors of Southeast Bank convened to discuss the bank's strategic business initiatives and future plans in detail. The members reaffirmed their unified commitment to guiding the bank towards continued success and elevating Southeast Bank to new heights. As one of the leading financial institutions in the country, Southeast Bank continues Read more...
PriyoShop has been partnered with renowned brands like Unilever, Reckitt Benckiser, Teer, Fresh, ACI, Pusti and Square Toiletries to scale up the business landscape for Micro, Small and Medium Enterprises (MSMEs) across Bangladesh. This gambit aims to arrange access to premium products, simplify supply chains, and provide a reliable platform to enhance their credibility and customer reach. Since its founding in 2021, PriyoShop has been dedicated to supporting underserved MSMEs by providing them with high-quality products and innovative digital tools. Local retailers now have open access to buy and sell trusted and trendy items with a competitive price range in a challenging market. And serve their end-to-end customers with ease. Empowering Every MSME The partnerships with renowned brands help the MSMEs stock their shelves with high-end products to satisfy their customer's Read more...
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Entertainment Industry giant Concord Entertainment Co. Ltd., Bangladesh and leading Airlines Service provider US-Bangla Airlines reach a yearlong strategic cooperation agreement recently, to further enhance tourists' experience in the parks and properties. Under the agreement, Concord Entertainment Co. Ltd. will provide a range of discount facilities and also arrange special promotional activities with US Bangla Airlines customers in their theme parks and hotels. US Bangla Airlines customer will get certain percent (%) of discount at Concord Entertainment Co. Ltd.’s parks & resorts round the year by showing boarding pass at theme parks & resorts ticket counters & also will launch some other customer engagement promotional campaign for both the companies’ customers time to time. Concord Entertainment Co. Ltd., which operates two theme/amusement Read more...
Ms. Shahira Sarwat, a student in the Department of Architecture at the American International University-Bangladesh (AIUB), has received a Commendation at the Commonwealth Association of Architects (CAA) Awards 2024 in the 'CAA Presidents' Awards' category. This category recognizes exceptional work by final-year architecture students. Shahira’s thesis project, titled "Heritage Sanctuary for Geology," was completed during the Fall 2023-2024 semester under the guidance of studio teachers Ashik Vaskor Mannan and Irfat Alam, with Arefeen Ibrahim serving as the project supervisor. This year, the CAA received a total of 159 submissions across all categories, with 64 entries in the Presidents' Awards category. Winners hailed from 12 countries across 5 regions. Shahira’s thesis project focuses on the preservation of the unique geological features of Jaflong, Read more...
An Orientation Program for the newly admitted students of the Fall Semester 2024 at BGMEA University of Fashion & Technology (BUFT) took place on October 9, 2024, at the BUFT Permanent Campus, Nishatnagar, Turag, Dhaka. The Pro Vice Chancellor, Prof. Dr. Eng. Ayub Nabi Khan, addressed the fresher’s, along with other distinguished speakers, including Prof. Dr. Md. Alamgir Hossain, Treasurer and Dean of the Faculty of Fashion Studies; Distinguished Prof. Md. Muinuddin Khan, Dean of the Faculty of Business Studies and Faculty of Arts & Social Sciences; Prof. Dr. Sirajul Karim Chowdhury, Dean of the Faculty of Engineering Studies; Prof. Dr. Eng. Mohammed Robaiyat Chowdhury, Dean of the Faculty of Apparel Studies; and Registrar Mr. Md. Rafiquzzaman. Prof. Dr. Md. Abdul Jalil, Dean of the Faculty of Science and Faculty of Textile Engineering, delivered the welcome address, while Read more...
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