Business Desk :Meghna Bank PLC recently signed a Memorandum of Understanding (MOU) with Ship International Hospital in an official signing ceremony held at Meghna Bank’s Head Office in Gulshan-01, Dhaka.Ship International Hospital, a multi-specialized private hospital, has been working under Japanese management since the beginning while maintaining efficiency and international quality in healthcare.Under this agreement, All Meghna Bank cardholders and employees will enjoy special discount facilities throughout the year on registration, doctor consultation, IPD bed service, laboratory, radiology & imaging...
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Business Desk :In a significant stride towards enhancing practical learning opportunities for students, a Memorandum of Understanding (MoU) was formally inked between Rajshahi University of Engineering and Technology (RUET) and Innovative Engineering and Development (IED). The MoU, signed during the inaugural Industry-Academia Collaboration Meet-2023 (IACM) at Ruet Auditorium recently, marks a pivotal partnership fostering practical work experience for students in RUET’s architecture and building construction and management departments, said a press release.Vice-Chancellor Professor Dr. Eng. Md. Jahangir Alam, representing RUET,...
Business Desk :Balaka Executive Lounge at Hazrat Shahjalal International Airport (HSIA) terminal has achieved a dynamic collaboration with Berger Paints Bangladesh Ltd. and Intercontinental Dhaka, leading to the grand unveiling of the elegantly renovated lounge on Thursday.In a triumph earlier this year, Berger Design Studio, the avant-garde arm of Berger Paints, secured the opportunity to revamp the sprawling 10,000-square-foot Balaka Executive Lounge on the airport’s second floor. The team at Berger Design Studio executed an ingenious aesthetic design, seamlessly integrating...
BSS, Khulna :The Mongla Port, the country’s second largest seaport, has earned Tk 30,241.68 crore in the financial year 2022-23, an official of the Mongla Port Authority (MPA) said Friday.“Mongla port will turn into a smart port after the completion of a huge number of ongoing development projects,” said Md Makruzzaman, secretary of the MPA told BSS.He said that the ongoing planning and development projects include “Procurement of suitable vessels for the Mongla Port” with an estimated cost of Tk...
Reuters :Oil prices slumped more than 2 percent on Friday on investor skepticism about the depth of OPEC+ supply cuts and concern about sluggish global manufacturing activity.Brent crude futures for February settled down $1.98, or 2.45 percent, at $78.88 a barrel.US West Texas Intermediate crude futures (WTI) dropped $1.89, or 2.49 percent, to $74.07 a barrel. For the week, Brent posted a decline of about 2.1 percent, while WTI lost more than 1.9 percent.OPEC+ producers agreed on Thursday to remove...
Reuters :Oil prices slumped more than 2 percent on Friday on investor skepticism about the depth of OPEC+ supply cuts and concern about sluggish global manufacturing activity.Brent crude futures for February settled down $1.98, or 2.45 percent, at $78.88 a barrel.US West Texas Intermediate crude futures (WTI) dropped $1.89, or 2.49 percent, to $74.07 a barrel. For the week, Brent posted a decline of about 2.1 percent, while WTI lost more than 1.9 percent.OPEC+ producers agreed on Thursday to remove...
Business Report :The revenue collection by the National Board of Revenue (NBR) from income tax, customs and VAT during the July-October period of the current fiscal year (FY24) witnessed a 14.36 per cent growth fetching Tk 1,03,976 crore.According to data from the NBR, the revenue collection from the customs during this four-month period totalled Tk 32,668 crore, from VAT Tk 40,048.62 crore and income tax and travel tax Tk 31,259 crore. The revenue collection target during this July-October period was...
Business Desk :IFIC Bank PLC recently (November 26) hosted “IFIC Bank Remittance Road Show 2023” at Bradford, United Kingdom, to increase the inflow of remittance to Bangladesh through legitimate banking channels.The occasion highlighted swift, convenient and secure remittance delivery services of IFIC Bank, country’s largest bank with highest number of branches and Uposhakhas. ARM Nazmus Sakib, director of IFIC Bank and chairman of IFIC Money Transfer UK Ltd., graced the occasion as the chief guest.He conveyed that the bank has...
Business Desk :bKash, the country’s largest mobile financial services (MFS) provider, has won the ‘Excellence in Mastercard Digital Business 2022-23’ award for its contribution to improving the living standard of people and the economy through the innovative ‘Add Money’ service.By using this service, customers can add money from card to bKash 24/7 from anywhere as per their need. The 5th edition of ‘Mastercard Excellence Awards’ was given in 17 categories on the basis of contribution to financial transactions in the...
UNB, Dhaka :Some 90.78 per cent customers say ‘no’ as they did not pay any type of additional money for getting new power connection. Another 7.64 per cent customers say ‘yes’ and 1.58 per cent customers say ‘no response’ in the survey.The survey tiled: “Customer Satisfaction Survey with Recommendation of Quality Power Supply Including Saidi/Saifi” was unveiled on Thursday.The survey was conducted on a random basis among 15,245 consumers of six distribution companies of which 90.93 per cent was residential,...
AFP, Vienna :Saudi Arabia, Russia and other major oil-producing nations on Thursday announced they would further slash production next year in an effort to prop up volatile prices.But prices dropped right after the meeting, with analysts saying the market had expected more from the 13-member Organization of the Petroleum Exporting Countries (OPEC) and its 10 partners.Following the virtual meeting of OPEC+ ministers, Riyadh announced it would extend its voluntary oil production cut of one million barrels per day until March...
Business Desk :The 865th meeting of the Executive Committee (EC) of Shahjalal Islami Bank PLC (SJIB PLC) held on 29th November 2023 at Corporate Head Office of the Bank by maintaining proper hygiene and social distance. The meeting was presided over by Mr. Akkas Uddin Mollah, the Chairman of Executive Committee (EC) of the Bank. The members of the Committee discussed various issues related to investment in different sector. Among others the Directors of the Bank & member of the...
Business Desk :The Hongkong and Shanghai Banking Corporation Limited (HSBC) in Bangladesh recently entered into a transformative partnership with Brac, the trailblazer in the microfinance industry.The signing ceremony, held at Brac Centre in Dhaka recently, marks a significant step towards digitizing Brac’s collection and disbursement processes for greater efficiency.The signing ceremony witnessed Gerard Haughey, country head of Wholesale Banking at HSBC Bangladesh, and Arinjoy Dhar, senior director of Microfinance signing the agreement on behalf of their respective organizations.Officials from HSBC...
Business Report :Bangladesh’s foreign exchange reserve has fallen by nearly $120 million in the span of a week, central bank data showed.The reserve stood at $19.40 billion on Wednesday, down from $19.52 billion on November 22.The reserve has been calculated on the basis of the formula of the International Monetary Fund (IMF).The country’s foreign exchange reserve crossed $48 billion in August of 2021, which was a record high.But reserves have continued to fall since due to higher outflow of foreign...
UNB, Dhaka :Bangladesh has strengthened its position as the global leader in ‘green’ i.e. environmentally-friendly apparel factories, with 204 factories in the sector now boasting United States Green Building Council’s (USGBC) LEED certification (certificate for green factories).One more Bangladeshi garment factory attained green building certification from the USGBC in the gold category in December, according to Bangladesh Garment Manufacturers and Exporters Association (BGMEA).The green certified factory is ‘Integra Dresses Limited’ of Gazipur with 99 out of 110 points.Bangladesh achieved 27...
