United Commercial Bank PLC (UCB) organised a daylong agricultural entrepreneurship skills development training titled “Voroshar Notun Janala” at Cumilla Fun Town Park yesterday under an Agro-CSR Project 2023. 

The Islami Bank Training and Research Academy organised an executive development programme styled “Four Decades of Islamic Banking in Bangladesh and the Way Forward” yesterday. 

The Bangladesh China Chamber of Commerce & Industry (BCCCI) and Jamuna Bank Ltd signed a memorandum of understanding recently for VISA signature credit cards and tailored services and products for the former’s members. 

According to a 2021 study of the International Organisation for Migration, there could be an estimated 2.4 million Bangladeshi diaspora members in the UK and the US alone. Therefore, it can be assumed that the total number of Bangladeshis living abroad is huge. Even if a small portion of them contribute their skills, expertise and capital back to Bangladesh, it could make a huge difference.

Saved Tk 15,000cr against target of at least Tk 23,000cr last fiscal year

A local company is providing prefabricated steel structures for the construction of a rail bridge in Bangladesh as the Japanese implementing agencies have granted approval in this regard.

Mercantile Bank Ltd is going to invest Tk 12.5 crore to be a sponsor shareholder of a proposed digital bank initiative styled “Digi10 Bank PLC”.

Bangladesh is close to surpassing China as the world’s largest cotton apparel exporter and stronger demand prospects are expected to drive cotton consumption higher, said the US Department of Agriculture (USDA).

Investment in cybersecurity is very much essential and banks which are not investing in their digital operations and cyber security will totally go out of business within the next three or four years, said Selim RF Hussain, chairman of the Association of Bankers, Bangladesh (ABB). 

The stock market of Bangladesh has been going through a bad patch for a year due to the presence of floor price, with political and macroeconomic uncertainties worsening the situation. 

Ali Ahmed has been re-elected as chairman of the executive committee of the board of directors of NRB Bank Ltd in a meeting of the bank recently.

Md Siddiqur Rahman recently joined the shariah-based Standard Bank Ltd as its deputy managing director and chief operating officer.

Swedish government’s private arm Swisscontact and the Swedish embassy in Dhaka yesterday signed a memorandum of understanding with local Team Group to groom the skilled young workers in the making of high-end value-added garment items.

A two-day exposition of goods made in Bangladesh titled “Best of Bangladesh” will begin at Gashouder of Westergas in the Netherlands’ Amsterdam on September 4.

The two-day expo will highlight Bangladesh economy’s progress, potential

The grooming will be done under Swisscontact (Progress) project

Trader turnout remained poor at Khatunganj’s wholesale hub for essential commodities while import cargo delivery low from the Chattogram port’s outer anchorage yesterday although it stopped raining in the last two days following incessant downpours since last Thursday.  

Pragati Industries Limited (PIL), a state-run automobile assembler of Bangladesh, is going to start assembling sedans of foreign make by December this year, according to company officials.

Nearly a fifth of conventional banks in Bangladesh are preparing to establish digital banks to expand their reach to every nook and cranny of the country, win and retain tech-savvy customers without physical presence.

Establishing a competitive tax framework is essential for Bangladesh to attract a higher level of foreign direct investment (FDI), said a number of experts and investors.