Business Report : ONE Bank PLC and Software Shop Limited signed a MoU to integrate the Shohoz online ticketing platform into the OK Wallet App. Under this agreement, OK Wallet customers can purchase bus tickets using the Shohoz online ticketing platform. Joint In-charge of the MFS Unit of ONE Bank Md. Mozaffor Hossain and Head of Banking & Financial Services of Software Shop Limited Md. Mohiuddin Tawfik signed the agreement on behalf of both the organizations. Managing Director Md. Monzur...
Business Report : The Bangladesh Bank (BB) has dissolved the board of directors of National Bank on the grounds of...
Business Report : The 35th Annual General Meeting (AGM) of state-owned BASIC Bank Limited was held on Tuesday at the bank’s head office in the capital. Professor Dr. Abul Hashem, chairman of the bank presided over the meeting while Md. Shah Alam, Additional Secretary, Financial Institutions Division of Finance Ministry attend the meeting as a representative of the bank’s sole shareholder. Md. Anisur Rahman, Managing Director & CEO of the bank delivered the welcome speech. Among others, Dr. Nahid Hossain,...
Business Report : The ICT Division has formed a three-member committee to investigate complaints against five officials of the Aspire to Innovate (A2I) programme, a flagship initiative implemented by the ICT Department. The complaints, raised by various individuals anonymously on social media, have prompted the department to take this action, according to a statement. On Monday, the formation of the committee was confirmed through an office order signed by Md Zillur Rahman, deputy secretary of the ICT Division. Muhammed Mehedi...
Business Report : Brac Bank organised a day-long workshop on the Prevention of Money Laundering and Combating Financing of Terrorism for its officials in Chattogram.Arief Hossain Khan, executive director of Bangladesh Bank, attended the training as the chief guest.Md Arifuzzaman, director of Bangladesh Bank delivered the keynote address, while Md Abdul Ahad, additional director of Bangladesh Bank, Chattogram, contributed valuable insights into the discussions.Over 200 officials from Brac Bank’s Chittagong region departments actively participated in the training, held at a...
Business Report : The Bangladesh Securities and Exchange Commission (BSEC) has granted a licence to Midland Bank Asset Management to act as an asset manager.Midland Bank Asset Management is a subsidiary of Midland Bank PLC, a private sector lender in the country.In a disclosure published on the stock exchanges’ website on Sunday, the lender announced that it has obtained a registration certificate from the BSEC to operate as an asset manager.Asset managers handle investment funds on behalf of clients through...
Business Desk : Top officials of Huawei’s Digital Power Department and its EPC (Engineering, Procurement & Constructions) partners in Bangladesh...
BSS, Panchagarh :Jute farmers in the district are happy due to its good production and fair prices in the local markets during the on-going harvesting season.Now the jute farmers are seen busy cutting and processing the crop with much enthusiasm in the district as harvesting is going on in full swing.The new jute has appeared in the local hat and Bazar. Farmers and agro officials expect to exceed the production target as the crop grew well and its cultivation area...
Business Report : The local jewellers raised pure gold prices by Tk 2,904 per bhori (11.664 grams) with effect from on Monday.From now on, a bhori of 22-carat gold will cost Tk 122,985, the highest ever in the history of Bangladesh.Earlier on July 15, the Bangladesh Jewellers Association (Bajus) increased gold prices to Tk 120,080.88 a bhori.The Bajus standing committee on pricing and price monitoring took the decision regarding the price hike in a meeting on August 18.The jewelry makers...
Staff Reporter : Islami Bank has dismissed eight top officials, including five Deputy Managing Directors (DMDs), following their identification as collaborators with the S Alam Group. The bank has formally communicated these dismissals through letters sent on Monday, according to several officials of the bank who spoke to the media. The dismissed officials include Additional Managing Director JQM Habibullah and Deputy Managing Directors Md Akiz Uddin, Mohammad Sabbir, Miftah Uddin, Md Rezaul Karim, and Md Abdullah Al Mamun. Also removed...