Business Report : ShopUp, Bangladesh’s largest B2B commerce platform, has announced that its FMCG distribution unit, Mokam CPG, has achieved an operating profit of BDT 20 crore for the first eleven months of the fiscal year. This achievement marks a momentous occasion for Mokam, reflecting the effectiveness of its strategic financial management and operational efficiency. From July 2023 to May 2024, Mokam CPG has generated over BDT 1800 crores in revenue, with projections to surpass BDT 2,000 crores by the...
Day: June 14, 2024
Borhanuddin (Bhola) Correspondent : A welcoming ceremony was held for the newly elected Upazila Parishad Chairman and Vice Chairman at Borhanuddin, Bhola. The event took place in the conference room of the upazila complex on Thursday. Presided over by Upazila Administrative Officer Raihan-Uzzaman, the ceremony featured speeches from the newly elected Upazila Chairman Jafar Ullah Chowdhury, Municipality Mayor Md. Rafiqul Islam, OC Md. Shahin Fakir, Youth Development Officer Mizanur Rahman, newly elected Vice Chairman Mohammad Ali Hira, Women Vice Chairman...
Business Report : Standard Chartered, the Embassy of the Republic of Korea to Bangladesh, Bangladesh Investment Development Authority (BIDA), Bangladesh Bank, and Korea-Bangladesh Chamber of Commerce and Industries (KBCCI) recently organised a dialogue on the topic “Thrive in Bangladesh: Actionable insights and solutions for Korean businesses.” The event brought senior stakeholders from the private sector, chambers of commerce, think tanks, and government together to discuss actions that can be taken to promote and drive Korean business activity in Bangladesh. The...
REUTERS, Brussels : The European Commission notified car makers on Wednesday that it would apply additional duties of up to 38.1 percent on imported Chinese electric vehicles from next month, a move likely to draw possible retaliation from China. Less than a month after Washington quadrupled duties for Chinese EVs to 100 percent, Brussels said it would set tariffs of 17.4 percent for BYD , 20 percent for Geely and 38.1 percent for SAIC over what it said were excessive...
Transparency International Bangladesh (TIB) analysis has revealed that 30.41 percent of the elected chairmen are multi-millionaires. Immovable assets of 51 candidates’ inflated by more than Tk 1 crore in five years while the same happened with another 41 candidates in ten years. The question that pops up naturally is how did the local public representatives of a poor country become so rich? According to the analysis, Jhalakathi sadar upazila parishad chairman Arifur Rahman’s wealth has increased by 11,666 percent. Around...
Md. Shah Alam : The recruitment agencies in Bangladesh seem notorious for their exploitative practices, posing significant obstacles for unemployed...
Staff Reporter : A discussion on the Right to Information Act titled “Ensuring Transparency, Accountability in Proper Flow of Information and Promotion of Right to Information” was held at Maulana Bhasani University of Science and Technology on June 10, 2024, in the university auditorium. The event was inaugurated by the Vice-Chancellor of the university, Md. Farhad Hossain, who spoke as the chief guest. The Pro Vice-Chancellor, Professor Dr. ARM Solaiman, and the Treasurer, Professor Md. Sirajul Islam, also addressed the...
Business Report : Prime Bank PLC, a leading second-generation local commercial bank in Bangladesh, has recently signed a Payroll Banking...
Alam Sarowar Tito (Kishoreganj) : Law enforcers have implemented comprehensive security measures in Kishoreganj ahead of Eid-ul-Azha, set to be celebrated on Monday. District Police Superintendent (SP) Mohammad Rasel Sheikh PMM (Bar), BPM, stated, “We have taken all possible measures to ensure security for a peaceful celebration of Eid.” Special security arrangements have been planned for prayer grounds across the district, especially in the eight municipalities and 13 Upazilas of Kishoreganj. Following the 2016 militant attack, heightened security measures have...
Business Report : Delta Life Insurance Company has declared a 30% cash dividend for its shareholders for the financial year...
Bagerhat Correspondent : At least 20 people were injured in a post-election clash between supporters of two rival candidates at Pagoler Mor in Mongla Upazila, Bagerhat district, on Monday morning (June 10). Of the injured, eight were admitted to Mongla Upazila Health Complex for treatment. Two individuals were arrested by police for their involvement in the clash. The violence erupted between supporters of both rival candidates at Pagoler Mor, leading to a protest and human chain demonstration organized at noon...