# Markedium

> Latest Marketing and Brand News of Bangladesh


## Posts

- [Grameenphone Contributes Tk 24.44 Crore to Bangladesh Labour Welfare Fund](https://new.markedium.com/grameenphone-contributes-tk-24-44-crore-to-bangladesh-labour-welfare-fund/): Grameenphone, the leading telecom operator in Bangladesh, has reaffirmed its commitment to worker welfare and responsible corporate practices by contributing Tk 24.44 crore to the Bangladesh Labour Welfare Foundation Fund. This contribution represents 10% of the company’s Workers Profit Participation Fund (WPPF) for 2023. A delegation, led by Sayeda Tahya Hossain, Chief Human Resources Officer (CHRO) of Grameenphone, handed over the cheque to the Honorable Adviser for the Ministry of Labour and Employment Asif Mahmud Shojib Bhuiyan during a ceremony at the ministry’s conference room in Dhaka today (29 Sep). Read more: Swish.Global Launches Enhanced HSE Initiative with Comprehensive First Aid […]
- [Swish.Global Launches Enhanced HSE Initiative with Comprehensive First Aid and CPR Training for Employees](https://new.markedium.com/swish-global-launches-enhanced-hse-initiative-with-comprehensive-first-aid-and-cpr-training-for-employees/): In its ongoing commitment to ensuring a safe and healthy workplace, swish.global has launched an enhanced Health, Safety, and Environment (HSE) initiative, which includes a comprehensive First Aid and CPR training program for all employees. This new initiative reflects swish.global’s dedication to employee well-being by equipping staff with critical skills to respond effectively during emergencies. The program covers essential topics such as CPR, wound care, and the management of common workplace injuries, empowering employees to act confidently and swiftly when needed. Read more: SWISH Group Introduced Groundbreaking Employee Benefit Programme: The SWISH Family Support Scheme Beyond preparing the team for emergencies, […]
- [Global Pizza Brand Domino’s Pizza Unveils 34th Restaurant In Uttara’s Jasimuddin](https://new.markedium.com/global-pizza-brand-dominos-pizza-unveils-34th-restaurant-in-uttaras-jasimuddin/): The world’s leading pizza company and Bangladesh’s number one pizza brand, Domino’s Pizza is expanding its roots in Bangladesh with yet another restaurant launch in Uttara’s Jashimuddin. The 34th restaurant of Domino’s Pizza was inaugurated on today, at GQ Shefali Tower in a grand celebration. Bringing a slice of happiness to all pizza lovers, Domino’s Pizza Jasimuddin is offering a 40 % discount on the first online order for new Domino’s customers until the end of September 2024. The inauguration event was graced by international delegates from Domino’s Pizza, including Gawaine Wong, International Business Manager—Asia, Middle East, and Africa; Noel Soong, […]
- [BRAC Bank Wins 3 Prestigious Awards From SME Finance Forum](https://new.markedium.com/brac-bank-wins-3-prestigious-awards-from-sme-finance-forum/): BRAC Bank has recently been honored with three prestigious awards from the SME Finance Forum of the World Bank Group, including two top accolades in SME product innovation. The awards received are Product Innovation of the Year – Best Commercial Bank in Platinum Award (Global Category), Product Innovation of the Year – Best Commercial Bank in Asia in Platinum Award (Asia Category), and Best Financier for Women Entrepreneurs in Asia in Silver Award (Asia Category). Syed Abdul Momen, Deputy Managing Director and Head of SME Banking at BRAC Bank, accepted the awards from Qamar Saleem, Head of the SME Finance […]
- [Generative AI Uses 30x More Energy than Search Engines](https://new.markedium.com/generative-ai-uses-30x-more-energy-than-search-engines/): Sasha Luccioni is a leading AI researcher recently honored as one of Time magazine’s top 100 influential figures in AI, has highlighted the staggering energy demands of generative AI models, such as ChatGPT and Midjourney. Speaking at the ALL IN Artificial Intelligence conference in Montreal, Luccioni revealed that these models can consume up to 30 times more energy than traditional search engines, as they generate new content rather than merely retrieving information. Luccioni explained that training these AI systems requires vast amounts of data processed by powerful servers, which in turn consume significant electricity. Even after training, the energy consumption […]
- [Microsoft to Convert Three Mile Island Nuclear Plant in to AI Data Center](https://new.markedium.com/microsoft-to-convert-three-mile-island-nuclear-plant-in-to-ai-data-center/): To meet the soaring energy demands of its artificial intelligence (AI) data centers, Microsoft has announced a 20-year agreement to bring the dormant Three Mile Island nuclear power plant back online. The deal, secured through a power purchase agreement with Constellation Energy, the current owner of the facility, underscores the tech giant’s increasing need for clean, high-capacity energy. If approved by regulators, the agreement would grant Microsoft exclusive access to 100% of the energy produced by the plant, which is capable of generating up to 837 megawatts. This move comes as Microsoft scales its data center operations across key U.S. […]
- [Excelsior 2024 by NSU Finance Club, Sponsored by UCB Stock Brokerage Limited, Begins](https://new.markedium.com/excelsior-2024-by-nsu-finance-club-sponsored-by-ucb-stock-brokerage-limited-begins/): For those looking to elevate their Excel skills, Excelsior is back! As Bangladesh’s largest Excel-based competition, organized by the NSU Finance Club, this prestigious event has been a platform for undergraduate students to showcase their analytical and technical Excel expertise for over a decade. In today’s data-driven world, mastering Excel is essential. UCB Stock Brokerage Presents Excelsior 2024, challenging participants to creatively solve real-world business problems. With a prize pool of BDT 50,000, the competition is set to be intense! The event features two rounds of Excel challenges and workshops—both virtual and in-person—bringing together students from across the country. Are […]
- [BRAC Bank Runs Talent Hunt To Field A Strong Cricket Team](https://new.markedium.com/brac-bank-runs-talent-hunt-to-field-a-strong-cricket-team/): BRAC Bank has hosted a talent hunt campaign among its people to form a strong Cricket Team, according to a press release. The talent hunt event, which took place at the indoor facility of the Dhanmondi Cricket Academy in Dhaka, drew 42 enthusiastic co-workers from various regions of Bangladesh, including Chattogram, Narayanganj, Rangpur, Jashore, and other districts, despite challenging weather conditions on the day. The bank hired former national cricketer Anwar Hossain Monir, popularly known as Monir, as the talent scout for the event. Monir meticulously evaluated the players’ skills and performances, offering valuable insights to aid in selecting new […]
- [Bikroy Turns 12: Milestone 2.6 Crore Sellers Served](https://new.markedium.com/bikroy-turns-12-milestone-2-6-crore-sellers-served/): Bikroy, the largest marketplace in Bangladesh with a track record of pioneering interventions in the e-commerce landscape, has turned 12 and begun its 13th year of driving Bangladesh’s digital transformation. Since Bikroy’s launch in 2012, the marketplace has become a household name, emerging as a trusted platform for a wide range of options from cars, and properties to electronics, jobs, and even matrimonial services. Bikroy recently marked its glorious 12th anniversary with a grand celebration at its head office in Dhaka. The event was attended by Eshita Sharmin, Chief Executive Officer of Bikroy, the management team, and other esteemed guests. […]
- [Recognizing Sustainability Excellence: Padakhep Wins Two SDG Brand Champion Awards 2024](https://new.markedium.com/recognizing-sustainability-excellence-padakhep-wins-two-sdg-brand-champion-awards-2024/): The SDG Brand Champion Awards 2024, hosted by Bangladesh Brand Forum, celebrated 39 pioneering initiatives in sustainability. These awards honor organizations excelling in various Sustainable Development Goals (SDGs), including responsible consumption and production, climate action, and more. At the event, Padakhep was honored with two awards in the category of responsible consumption and production for soap production from recycle burn oil: A Green Perspective and Strengthening environment-friendly micro-enterprise in Salt Processing and Trade. The awards were presented by Syeda Rizwana Hasan, Advisor to the Ministry of Environment, Forests and Climate Change and the Ministry of Water Resources. For more updates, […]
- [Get Ready For The Real LIVE Experience As Toffee Brings IND Vs BAN Series](https://new.markedium.com/get-ready-for-the-real-live-experience-as-toffee-brings-ind-vs-ban-series/): Is a cricket match ever complete without analyzing every little move? Of course not! Hence, making sure that no catch goes missed or sixer unnoticed, Toffee is bringing the IND vs BAN Series 2024 right into your palms. Beginning today, this nail-biting Test and T20 series is the talk of the town among all cricket fanatics. Keeping this excitement alive, Toffee, the country’s largest digital entertainment platform developed entirely by local engineers, is live-streaming the entire series as premium content for all cricket lovers to enjoy on the go. To watch the match on any device, Banglalink users can purchase […]
- [Bangladesh 2.0: It’s Time to Address Unemployment Problem For Our Graduates](https://new.markedium.com/bangladesh-2-0-its-time-to-address-unemployment-problem-for-ou-graduates/): On August 5th, 2024, the students of Bangladesh achieved what decades of political protests had failed to accomplish. In a nation where repeated attempts to establish true democracy had been suppressed, the student body successfully toppled the government to pave the way for a more transparent and corruption-free country. Remarkably, this movement did not begin with an agenda to overthrow the government. It initially focused on the reform of the quota system in government jobs. The government’s decision to reinstate a 30% job quota for the children and grandchildren of freedom fighters sparked widespread protests. While this quota system was […]
- [realme Launched Note 60 With The Segment First Armorshell™ Protection](https://new.markedium.com/realme-launched-note-60-with-the-segment-first-armorshell-protection/): The smartphone brand realme has unveiled its latest handset, the realme Note 60, in Bangladesh featuring the segment’s first ArmorShell™ Protection technology. This new device sets unprecedented standards for durability and reliability in the entry-level market, designed to offer unmatched robustness and a premium user experience. The realme Note 60 pioneers durability with ArmorShell™ Protection, a segment-first innovation that includes a high-strength structural system and eight major enhancements: a robust die-cast aluminum structure, integrated metal inner frame, reinforced glass, coated protection, shock-absorbing circuit board film, component dispensing glue, screen protection bezel, and an InSeal Design. These improvements ensure the device […]
- [Stephen Forbes Joins The British Council In Bangladesh As The New Country Director](https://new.markedium.com/stephen-forbes-joins-the-british-council-in-bangladesh-as-the-new-country-director/): The British Council has announced the appointment of Stephen Forbes as the new Country Director for its Bangladesh operation. With over 20 years of experience with the British Council, Stephen will lead initiatives focused on education, arts, and the English language in his new role. Read more: Metlife Bangladesh Settles 1,425 Crore Taka Claims In The First Half Of 2024 Stephen’s extensive background includes previous roles as Country Director in Sudan, Kuwait and Botswana, as well as Regional Programmes Director in East Asia and the Middle East and North Africa. Stephen has also served as the European Co-Director on a legal […]
- [Metlife Bangladesh Settles 1,425 Crore Taka Claims In The First Half Of 2024](https://new.markedium.com/metlife-bangladesh-settles-1425-crore-taka-claims-in-the-first-half-of-2024/): MetLife Bangladesh has settled 1,425 Crore Taka claims in the first six months (January – June) of 2024, said a press release. This amount includes the money customers received as insurance benefits and claims for loss of life and medical needs. Customers of MetLife Bangladesh enjoy the best claims receiving experience as they can submit their claims request online and receive claims money within 3-5 working days. MetLife’s proactive approach and efficient settlement of claims have resulted in customers satisfaction and enhanced trust in insurance sector. Commenting on this, MetLife Bangladesh’s Chief Executive Officer, Ala Ahmad, said, “MetLife is committed […]
- [Pathao Raises $12Million Led By Venturesouq To Accelerate Fintech Transformation](https://new.markedium.com/pathao-raises-12million-led-by-venturesouq-to-accelerate-fintech-transformation/): ­Pathao has raised $12 million in a pre-series B funding round as part of Bangladesh’s largest consumer technology provider’s strategic shift towards fintech, said a press release. This investment takes Pathao’s total capital raised to upwards of $50 million — the largest by a pre-series B start-up in Bangladesh. The round was led by the MENA-based VentureSouq, which has made “platform bets” across the Middle East, Africa & South Asia. Additional investment came from Anchorless Bangladesh, Osiris Group, South Asia Tech, Openspace Ventures and other investors. Having transformed into a profitable and financially robust entity over the past two years, […]
- [Walton and Huawei Partner to Produce Lithium Batteries in Bangladesh, Aiming for Cost Reduction and Carbon Emission Targets](https://new.markedium.com/walton-and-huawei-partner-to-produce-lithium-batteries-in-bangladesh-aiming-for-cost-reduction-and-carbon-emission-targets/): Walton has teamed up with Chinese tech giant Huawei to locally produce lithium batteries in Bangladesh, a move set to reduce costs for the country’s telecom operators and contribute to global carbon emission reduction efforts. As part of the collaboration, Walton will establish an advanced, fully-automated production line with an annual capacity of 80,000 units. This facility will also oversee nationwide sales and after-sales services. The agreement was formalized at the Huawei Bangladesh Academy, with Huawei Bangladesh CEO Pan Junfeng and Walton Digi-Tech Industries Limited Chairman S M Rezaul Alam signing the deal. Chinese Ambassador to Bangladesh Yao Wen attended […]
- [CCI Bangladesh’s 'World Without Waste' Initiative Recognized In SDG Brand Champion Award](https://new.markedium.com/cci-bangladeshs-world-without-waste-initiative-recognized-in-sdg-brand-champion-award/): CCI Bangladesh (Coca-Cola Bangladesh Beverages Limited) has received an honorable mention in the SDG Brand Champion in Responsible Consumption and Production at the SDG Brand Champion Award 2024 on September 10, 2024. CCI Bangladesh is actively advancing its commitment to Sustainable Development Goal 12 (SDG 12) – ‘Responsible Consumption and Production’ through the ‘World Without Waste’ initiative. The program promotes a circular economy and reduces plastic pollution by integrating sustainability principles across the product lifecycle with a 3R (reduce, reuse, recycle) waste management approach, said a press release. ‘World Without Waste’ initiative is strategically designed, primarily centering around the three […]
- [MetLife Bangladesh Receives Great Place To Work Certification](https://new.markedium.com/metlife-bangladesh-receives-great-place-to-work-certification/): MetLife Bangladesh has received the “Great Place To Work” certification, making it the only insurance company in Bangladesh to earn this prestigious recognition, said a press release. The prestigious recognition is based entirely on what current employees say about their experience working at MetLife Bangladesh.  “Great Place to Work” certified organization are known to have great work culture and excellent opportunities for career growth and talent development. Commenting on the recognition, MetLife Bangladesh’s CEO, Ala Ahmad, said, “Our purpose to secure people’s future with world-class financial protection has made us more dedicated to our work. This recognition will further inspire […]
- [Grameenphone Wins Asian Technology Awards 2024 for MyGP App](https://new.markedium.com/grameenphone-wins-asian-technology-awards-2024-for-mygp-app/): Grameenphone, Bangladesh’s leading telecommunications service provider has won the Asian Technology Awards 2024 in the Digital – Telecommunications category for its MyGP app, said a press release. This recognition highlights MyGP’s role in transforming the digital experience across Bangladesh, making necessary services readily accessible.The Asian Technology Awards, organized by Asian Business Review, recognize outstanding technology-based innovations across various industries in Asia. The awards celebrate companies that lead technological disruption and digital transformation within their sectors. With over 30 million installations on smartphones, the MyGP app has revolutionized how users interact with Grameenphone’s services, offering seamless access to a range of […]
- [Berger Paints Won Two SDG Awards for Pioneering Female Painting Service](https://new.markedium.com/berger-paints-won-two-sdg-awards-for-pioneering-female-painting-service/): Berger Paints Bangladesh Limited has been recognized at the prestigious SDG Brand Champion Awards 2024 in two categories: Winner in Sustainable Partnerships & Institutions and Honorable Mention in Equity, Diversity, and Inclusion. The company was honored for its groundbreaking female painting service, Rongona, which is transforming the traditionally male-dominated paints industry by empowering women and promoting gender equality. The awards ceremony was held on Tuesday, 10th September, at the Grand Ballroom of a luxurious hotel in Dhaka. The event was graced by Syeda Rizwana Hasan, the chief guest and honorable Advisor to the Ministry of Environment, Forest and Climate Change, […]
- [BRAC Bank inaugurates renovated Sylhet Branch](https://new.markedium.com/brac-bank-inaugurates-renovated-sylhet-branch/): BRAC Bank has inaugurated a renovated Sylhet Branch to provide more convenience and amenities to the customers, said a press release. The branch has been refurbished to provide the most modern, best-in-class customer service and a delightful experience to its valued customers.  Meheriar M. Hasan, Chairperson, BRAC Bank, formally inaugurated the branch at Pallabi Trade Center on Sunamganj Road, Subid Bazar in Sylhet City on September 5, 2024. Sheikh Mohammad Ashfaque, Deputy Managing Director & Head of Branch Distribution Network, BRAC Bank, attended the inauguration ceremony. This facelift of the branch located at a commercially important place in Sylhet City […]
- [BRAC Bank hosts ‘Digital Skill Development Workshop’ for women entrepreneurs](https://new.markedium.com/brac-bank-hosts-digital-skill-development-workshop-for-women-entrepreneurs/): BRAC Bank’s women’s banking segment, TARA, organized a Digital Skill Development Workshop styled ‘UddogTARA’ for women entrepreneurs focused on enhancing their digital business skills, said a press release. A total of 70 aspiring women entrepreneurs participated in the daylong workshop. This first-of-its-kind workshop shows the bank’s commitment to empowering promising women business owners with the skills and knowledge needed to run a business on a digital platform. The workshop featured two key sessions addressing common challenges entrepreneurs face, such as maintaining accurate business accounts and effectively promoting their businesses. Syed Abdul Momen, Deputy Managing Director and Head of SME Banking […]
- [Citycell Seeks Licence Reinstatement](https://new.markedium.com/citycell-seeks-licence-reinstatement/): Citycell, the country’s first mobile operator, which has been inactive since 2016, reportedly submitted a formal request to the telecom regulator for the reinstatement of its licence. In the letter, Citycell claimed its licence was revoked due to a “misperception” that it was linked to a political party not favored by the Awami League government at the time. The operator’s services were officially discontinued in 2016 after the regulator withdrew its spectrum, marking the end of over two decades of service. In October 2016, following Citycell’s failure to pay outstanding dues on time, the telecom regulator sent a technical team […]
- [Unilever Bangladesh received SDG Brand Champion Awards 2024 for sustainable partnership and women empowerment initiatives](https://new.markedium.com/unilever-bangladesh-received-sdg-brand-champion-awards-2024-for-sustainable-partnership-and-women-empowerment-initiatives/): Unilever Bangladesh Limited (UBL), the country’s leading Fast-moving Consumer Goods (FMCG) company has demonstrated exceptional contributions towards achieving the Sustainable Development Goals (SDGs) in Bangladesh. Its efforts gained industry-wide acclaim at the SDG Brand Champion Awards 2024 held at the Bangladesh Sustainable Summit yesterday. UBL’s trailblazing efforts in Sustainable Partnerships and women’s empowerment earned widespread recognition from industry leaders for their innovation and impact. Zaved Akhtar, Chairman and Managing Director of UBL, was the keynote speakers of the event attended by more than 450 industry leaders and stakeholders. At the event, UBL was honored with two prestigious awards in two […]
- [M Aslam Alam Appointed as New IDRA Chair](https://new.markedium.com/m-aslam-alam-appointed-as-new-idra-chair/): The interim government has appointed former senior secretary M Aslam Alam as the new chairman of the Insurance Development and Regulatory Authority (IDRA), the finance ministry announced in a circular today. Alam will assume the role on a contractual basis for a three-year term or until he turns 68. His appointment comes in the wake of Mohammad Jainul Bari’s resignation from the position on September 5. Bari stepped down citing “personal reasons,” according to an anonymous finance ministry official. The chairmanship had been vacant since Bari’s departure. Bari had served as IDRA chairman since June 2022, following his appointment for […]
- [Arena Media Bangladesh Joins Forces with Stagwell to Transform Marketing in Bangladesh.](https://new.markedium.com/arena-media-bangladesh-joins-forces-with-stagwell-to-transform-marketing-in-bangladesh/): Arena Media Bangladesh Joins Forces with Stagwell to Transform Marketing in Bangladesh. Arena Media Bangladesh is a dynamic advertising agency delivering innovative, impactful solutions since 2009 across creative services, media and public relations. We, Arena Media Bangladesh is delighted to announce our recent affiliation with Stagwell (STGW), a New York-based technology marketing services company renowned for transforming marketing through their unique blend of creativity and digital services, said in press release. Mark J. Penn is the Chairman and CEO of Stagwell Inc., a NASDAQ-listed company he founded in 2015 with a $250 million investment from former Microsoft CEO Steve Ballmer. […]
- [Bangladesh 2.0: Here’s Why Mass Production of Sonali Bag is Key to a Greener Future](https://new.markedium.com/bangladesh-2-0-heres-why-mass-production-of-sonali-bag-is-key-to-a-greener-future/): Bangladesh has recently witnessed a refreshing and promising shift toward environmental consciousness. On August 30, 2024, the State Guest House Jamuna—home to Chief Adviser Dr. Muhammad Yunus’ office—was declared a plastic-free zone. Spearheaded by Syed Rizwana Hasan, the Adviser for Environment, Forest, and Climate Change, this initiative set an inspiring example. Her decision to eliminate plastic bottles in official spaces signaled a growing concern for the environment under the interim government. Such leadership has garnered widespread support from the Bangladeshi public, who had been yearning for bold, green policies, often missing during previous administrations. And, as a result of such […]
- [BRAC Bank Partners With Apon To Extend Instant Digital Loan To RMG Workers](https://new.markedium.com/brac-bank-partners-with-apon-to-extend-instant-digital-loan-to-rmg-workers/): BRAC Bank partnered strategically with Apon Bazaar to extend small-ticket digital loans to ready-made garment (RMG) workers in minutes, said a press release. The joint initiative aims to enhance the lives of RMG workers, providing small-ticket loans without any paperwork. This initiative is a step towards financial accessibility for the RMG staff affiliated with Apon. It ensures they can apply for loans through mobile phones at any time beyond banking hours. They will get instant loans up to BDT 50,000 without hard-copy documentation, added the press release. The bank has earlier developed a new digital loan proposition ‘Jibika’ for low-income […]
- [Celebrate And Save More With Daraz 9.9 Anniversary Sale](https://new.markedium.com/celebrate-and-save-more-with-daraz-9-9-anniversary-sale/): Daraz Bangladesh is set to commemorate its anniversary with a grand celebration, inviting shoppers nationwide to participate in an exclusive shopping event. The 9.9 Anniversary Sale, running from September 9 to September 15, transforms the online marketplace into a virtual party venue where shoppers can enjoy great savings with Free Delivery and exclusive discounts on Flash Sale products. In a gesture of appreciation to its valued customers, Daraz offers vouchers worth Tk. 1 crore this 9.9, which can be collected directly from the Daraz app by clicking on the designated banner, said a press release. The Sale features over 1 […]
- [Herlan Store Targets Over a Thousand Outlets Nationwide to Bring Authentic Cosmetics to Consumers](https://new.markedium.com/herlan-store-targets-over-a-thousand-outlets-nationwide-to-bring-authentic-cosmetics-to-consumers/): ‘Herlan Store,’ a distinguished retail chain known for its authentic cosmetics, is experiencing a surge in popularity. Renowned for its innovative skin and hair analyzers, Herlan Store stands out as the sole retailer offering customized product solutions based on individual skin types. In response to the growing support from customers, Herlan has expedited the opening of new stores, resulting in a national presence that extends from major cities to remote regions, said a press release. Read more: Lily Launches First-Ever Color Cosmetics Line in Bangladesh Gias Uddin Biswas, Chief Operating Officer of Herlan, stated, “Herlan is committed to delivering authentic, cutting-edge […]
- [Lily Launches First-Ever Color Cosmetics Line in Bangladesh](https://new.markedium.com/lily-launches-first-ever-color-cosmetics-line-in-bangladesh/): Lily, the esteemed beauty and lifestyle brand affiliated with Remark LLC USA, proudly commences the manufacturing of full range of color cosmetics in Bangladesh. Committed to enhancing beauty and confidence, this initiative marks a historic milestone in the country’s beauty industry. The venture begins with the launch of the Lily Classic Series, featuring Satin Lipstick, Semi-Matt Liquid Lipstick, and Lip Gloss, said a press release. In the coming months, the collection will expand to include a full range of products, including BB Cream, Eye Shadows, Eye Liners, Face Powder, Foundation, Primer, Blush, Highlighter, and Nail Polishes. Lily’s new cosmetics series […]
- [BRAC Bank To Provide Cashless Banking Solutions To Mediterranean Shipping Company](https://new.markedium.com/brac-bank-to-provide-cashless-banking-solutions-to-mediterranean-shipping-company/): BRAC Bank has entered a strategic partnership with the Mediterranean Shipping Company (MSC), the world’s largest container shipping company, to support its cashless transformation initiatives, said a press release. In alignment with MSC’s vision of going cashless, the bank has deployed Real-Time Cash Deposit Machines (RCDM) at MSC’s Dhaka and Chattogram offices, providing a streamlined solution for managing financial transactions of the renowned shipping company. In addition, BRAC Bank is delivering a range of tailored financial services, including MT940 statement services and other electronic payment services through bank’s internet banking platform for corporate and commercial customers. These tailored services enable […]
- [Sharetrip Stands With Flood-Affected Victims And Pledges To Donate 50 Lakh Taka To Support Their Rehabilitation](https://new.markedium.com/sharetrip-stands-with-flood-affected-victims-and-pledges-to-donate-50-lakh-taka-to-support-their-rehabilitation/): ShareTrip, the country’s only travel and lifestyle company, stands in solidarity with the communities devastated by the recent floods in Noakhali, Feni, and Chattogram. The unprecedented floods have left countless families facing unimaginable loss and hardship. In response to this humanitarian crisis, ShareTrip has stepped forward with a compassionate CSR initiative, pledging to donate 50 Lakh Taka towards flood relief and rehabilitation efforts for the affected communities, said a press release. Demonstrating a collective commitment, ShareTrip employees have also generously contributed a portion of their salaries, resulting in a donation of 15 Lakh Taka to the Chief Advisor’s Flood Relief […]
- [SWISH Group Introduced Groundbreaking Employee Benefit Programme: The SWISH Family Support Scheme](https://new.markedium.com/swish-group-introduced-groundbreaking-employee-benefit-programme-the-swish-family-support-scheme/): In a landmark move that sets a new standard for corporate responsibility, SWISH Group has recently unveiled the SWISH Family Support Scheme, a pioneering employee benefit program designed to provide lifetime financial security to the families of its employees in the event of their untimely demise. This unprecedented initiative reflects SWISH Group’s firm commitment to the well-being of its employees and their families, going far beyond conventional corporate practices. The SWISH Family Support Scheme ensures that, if an employee passes away during his tenure at SWISH, their spouse will receive the full amount of the deceased employee’s salary for the […]
- [Renata Approved to Export Parkinson's Drug to Europe](https://new.markedium.com/renata-approved-to-export-parkinsons-drug-to-europe/): Renata, a leading Bangladeshi pharmaceutical company, has successfully secured approval to export its Cabergoline 0.5mg tablets to several European countries. The drug, used in treating conditions like Parkinson’s disease and hyperprolactinemia, has been cleared through the EU Decentralized Procedure (DCP), enabling its sale across a range of European markets. The company made the announcement in a filing with the Dhaka Stock Exchange (DSE) on September 2, confirming that the approval grants access to markets including Ireland, France, Portugal, Italy, Denmark, Sweden, the Netherlands, Norway, and Spain. “This important milestone highlights Renata’s commitment to expanding its presence in Europe by developing […]
- [Google Offers $250K for Chrome Bug Discovery](https://new.markedium.com/google-offers-250k-for-chrome-bug-discovery/): To secure the widely-used browser, Google has announced updates to its longstanding Chrome Vulnerability Rewards Program (VRP). The initiative, now in its 14th year, rewards security researchers for finding and reporting bugs in the software, with payouts reaching up to $250,000. The revamped reward structure comes as finding significant bugs in Chrome has become more challenging due to continuous security improvements. Google hopes the new system will encourage more thorough research by offering clearer guidelines on how rewards are determined based on the severity and potential impact of discovered vulnerabilities. At the top of the reward structure, bugs that allow […]
- [BRAC Bank’s Branch Network Achieves Tk 1,600 Crore Net Deposit Growth in August 2024](https://new.markedium.com/brac-banks-branch-network-achieves-tk-1600-crore-net-deposit-growth-in-august-2024/): This is a commendable achievement, as the growth has been accomplished despite the unstable political situation in the country, which caused prolonged disruption of banking operations. This milestone reflects the increasing customer confidence, strong engagement, and robust relationships the bank fosters. Meheriar M. Hasan, Chairperson; Selim R. F. Hussain, Managing Director & CEO; and Sheikh Mohammad Ashfaque, Deputy Managing Director & Head of Branch Distribution Network, joined the branch leaders in celebrating the significant deposit growth at a ceremony held on September 2, 2024, at the bank’s Head Office. Meheriar M. Hasan emphasized that good governance is the cornerstone of […]
- [Realme C61 Launches With ‘Hard To Break’ Durability](https://new.markedium.com/realme-c61-launches-with-hard-to-break-durability/): Youth-favourite smartphone brand realme has launched its all-new realme C61 with the tagline “Hard to Break”, offering ultimate durability and superior performance in this segment. The device features anti-drop protection, water splash resistance and Rainwater Smart Touch capability that ensures unparalleled longevity and reliability, according to a press release. The IP54 rating of realme C61 ensures that the device withstands dust, water splashes, and everyday wear and tear, ensuring reliable performance in diverse environments. Alongside its robust build quality, the device features 18GB RAM (6GB+12GB Dynamic RAM) and 128GB of expandable internal storage. The realme C61 also enables rapid app […]
- [Bangladesh Association of AdFilm and Content Producers Announces Indefinite Strike Stating 3 Major Demands](https://new.markedium.com/bangladesh-association-of-adfilm-and-content-producers-announces-indefinite-strike-stating-3-major-demands/): Bangladesh Association of AdFilm and Content Producers Announces Indefinite Strike Stating 3 Major Demands The Bangladesh Association of AdFilm and Content Producers (BAAcP) has announced an indefinite strike, starting from 1 September 2024, against advertising agencies and clients collaborating with production companies. In a recent Facebook post, the organization highlighted that, despite ongoing negotiations, several critical issues remain unresolved. These include the settlement of previous dues, timely issuance of work orders, 75% advance payment, and payment of the remaining 25% within 45 days of billing. “As Bangladesh undergoes widespread reforms, it is high time to reform our industry as well,” […]
- [BRAC Bank Completes Contributing 25,000 Taka Each To 414 Injured During Movement](https://new.markedium.com/brac-bank-completes-contributing-25000-taka-each-to-414-injured-during-movement/): BRAC Bank has taken a significant step in supporting those affected by the recent anti-discrimination movement by disbursing 25,000 taka each to 414 injured individuals during the protests. The bank’s swift action reflects its commitment to standing with the people of Bangladesh in times of need. Earlier, the bank announced a two crore taka fund from its CSR funds to support the treatment of the injured. This disbursement is part of the effort. BRAC, the world’s largest NGO, came forward to help in this effort by mobilizing its field force to reach eight major hospitals in Dhaka, including Dhaka Medical […]
- [ABB Contributes 2 (Two) Crore For Flood Relief And Medical Care Of The Wounded During Students’ Movement](https://new.markedium.com/abb-contributes-2-two-crore-for-flood-relief-and-medical-care-of-the-wounded-during-students-movement/): Association of Bankers Bangladesh Limited (ABB) has announced the contribution of 2 (two) crore taka for flood relief and medical treatment of students and other individuals wounded during the recent movement. ABB, in its Board of Governors meeting held on August 24, 2024, decided to come forward to help flood victims and the wounded during the student movement. Selim R. F. Hussain, Chairman of ABB and Managing Director and CEO of BRAC Bank, presided over the meeting. Vice Chairman Mashrur Arefin and members of the Board of Governors—Syed Mahbubur Rahman, Mohammad Feroz Hossain, and Masihul Huq Chowdhury, among others—were present. […]
- [DU Students Launch Flood Relief Website](https://new.markedium.com/du-students-launch-flood-relief-website/): A group of students from the Department of Software Engineering at the University of Dhaka’s Institute of Information Technology (IIT) has launched the Emergency Flood Aid Network, an online platform designed to coordinate relief efforts for victims of the ongoing flash floods in Bangladesh. The website, officially launched on August 25, aims to centralize information and streamline assistance for those affected by the floods. The platform features a user-friendly search bar allowing individuals to find help based on district, upazila, name, or phone number in both Bengali and English. The website also uses a colour-coded map to highlight areas with […]
- [BUET Team Designs Modular Boat for Flood Relief Operations](https://new.markedium.com/buet-team-designs-modular-boat-for-flood-relief-operations/): A team from the Bangladesh University of Engineering and Technology (BUET) has created an innovative, modular boat to aid in flood relief efforts across Bangladesh. This low-cost and scalable solution is aimed at meeting the urgent need for transportation in flood-affected areas. Led by Assistant Professor Maherul Kader Prince from BUET’s Department of Architecture, the team comprises students Shuzaul Islam Shajib, Jarif Alam, Shahana Alam, and Tanzid Nur Rafi. The project was funded by ArchTwist, with local bamboo craftsmen playing a vital role in assembling the boats. The initiative was born out of the pressing need for more boats during […]
- [Daraz Bangladesh and Mission Save Bangladesh Unite for Flood Relief Efforts](https://new.markedium.com/daraz-bangladesh-and-mission-save-bangladesh-unite-for-flood-relief-efforts/): In response to the devastating floods that have impacted 11 districts across Bangladesh, Daraz Bangladesh has launched an extensive relief operation in partnership with Mission Save Bangladesh, a leading humanitarian organization. This initiative aims to support approximately 3,500 families primarily in the hardest-hit areas of Southeastern and Northeastern Bangladesh. Daraz Bangladesh has established a relief fund exceeding BDT 1 crore, which comprises donations from the organization as well as voluntary contributions from employees. The fund is being utilized to procure essential supplies, which will be delivered by Daraz Express (Daraz’s logistics network) in collaboration with volunteers from Mission Save Bangladesh. […]
- [Pathao Donates To The Chief Adviser’s Relief Fund For Flood Victims](https://new.markedium.com/pathao-donates-to-the-chief-advisers-relief-fund-for-flood-victims/): Pathao, the country’s prominent digital service platform, and its employees have contributed BDT 25 lakh to the Chief Advisor’s Relief and Welfare Fund to support those affected by the devastating floods across various districts of Bangladesh, said a press release. As part of Pathao’s broader commitment to aid the flood-affected communities, employees voluntarily donated their salary for a day and Pathao matched their contribution. Additionally, the safety coverage fee from each ride taken through its platform from September 1 to 15 will go towards the restoration of flood-affected areas. To further support this cause, Pathao will match the total amount […]
- [SWISH Foundation Responds to Unimaginable Flood Devastation with Compassion and Support](https://new.markedium.com/swish-foundation-responds-to-unimaginable-flood-devastation-with-compassion-and-support/): In every human heart lies the potential to become the “best of creation,” a belief SWISH Group has embraced through its quiet and tireless efforts to uplift those in need. As the nation confronts the unimaginable devastation caused by recent floods, the SWISH Foundation, an integral part of the leading luxury bathware and kitchenware brand SWISH, has stepped forward, according to a press release. With deep compassion and a strong sense of responsibility, the Foundation has mobilized quickly to stand beside the countless lives shattered by this disaster. Read more: Bkash Donates To Chief Advisor’s Relief And Welfare Fund For Flood […]
- [Bkash Donates To Chief Advisor’s Relief And Welfare Fund For Flood Victims](https://new.markedium.com/bkash-donates-to-chief-advisors-relief-and-welfare-fund-for-flood-victims/): Mobile financial service market leader bKash has donated Tk50 lakh to the chief advisor’s relief and welfare fund, which was established to assist flood victims across the country. This donation is intended to support those affected by the floods in various districts. In addition, bKash employees have individually contributed one day’s salary to the chief advisor’s relief and welfare fund. Read more: Lighter Ship Costs Drop 25% Due to Syndicate Absence Moreover, bKash customers nationwide are making contributions to the chief advisor’s relief and welfare fund, as well as other organizations, including the Bangladesh Army relief fund, Anti-Discrimination Student Movement, Armed […]
- [Lighter Ship Costs Drop 25% Due to Syndicate Absence](https://new.markedium.com/lighter-ship-costs-drop-25-due-to-syndicate-absence/): The cost of lighter ship transportation from the outer anchorage of Chattogram port has plummeted by at least 25% following the removal of transportation syndicates. Goods are now being transported along 34 sea routes under an open market system, which traders anticipate will lead to lower product prices in the market. Previously, the Water Transport Cell (WTC) managed the transportation of goods using lighter vessels. However, following a dispute among ship owners, the Mercantile Marine Office (MMO) established the Bangladesh Water Transport Coordination Cell (BWTCC) last April. Despite this move, the BWTCC failed to become operational due to a lack […]
- [Hatem Succeeds Selim as BKMEA President](https://new.markedium.com/hatem-succeeds-selim-as-bkmea-president/): Managing Director of MB Knit Fashion Ltd, Mohammad Hatem has been elected as the new President of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), following the resignation of Selim Osman. Osman, who had held the position since 22 July 2010, stepped down due to personal reasons and health issues, as confirmed by BKMEA Vice President Fazlee Shamim Ehsan during a virtual board meeting today, 25 August. Osman’s resignation marks the end of a lengthy period of stable leadership at BKMEA. Since Osman’s initial election, the association had not held a competitive election, typically receiving only one panel of nominations […]
- [BAT Bangladesh Achieves Tk22,339 Crore In Cigarette Sales Revenue For First Half Of 2024](https://new.markedium.com/bat-bangladesh-achieves-tk22339-crore-in-cigarette-sales-revenue-for-first-half-of-2024/): In the first half of 2024, British American Tobacco Bangladesh Company (BATBC) generated Tk22,339 crore in revenue from cigarette sales, reflecting a 5% growth compared to the corresponding period in the previous year. From January to June, the company sold 3,823 crore sticks of cigarettes, representing a slight decrease of 2.22% from last year’s figures. Despite this dip in sales volume, the company successfully increased its overall revenue. A significant portion of BATBC’s revenue, Tk18,360 crore, was paid to the government as supplementary duty, VAT, and income tax. The company’s profit for the first half of 2024 amounted to Tk925 […]
- [BRAC Bank Contributes Tk 5 Crore To BAF For Flood Rescue And Relief Efforts](https://new.markedium.com/brac-bank-contributes-tk-5-crore-to-baf-for-flood-rescue-and-relief-efforts/): BRAC Bank has announced a contribution of 5 crore taka to the Bangladesh Air Force (BAF) to support their ongoing rescue and relief operations in the flood-affected areas of the country. This decision, made with the wholehearted support of the Board of Directors, underscores the bank’s commitment to stand by communities in times of need. The recent floods have caused widespread devastation across 12 districts, leaving many in dire circumstances. The BAF has been actively rescuing and air-drop essential relief to those affected by this disaster. Read more: BRAC Bank Signs Mou With BRAC Kumon To Support Expansion Of Education Franchisees […]
- [BRAC Bank Signs Mou With BRAC Kumon To Support Expansion Of Education Franchisees](https://new.markedium.com/brac-bank-signs-mou-with-brac-kumon-to-support-expansion-of-education-franchisees/): BRAC Bank has signed a Memorandum of Understanding (MoU) with BRAC Kumon to provide essential financing support for BRAC Kumon franchisees, according to a press release. Syed Abdul Momen, Deputy Managing Director (DMD) and Head of SME Banking of BRAC Bank, and Nehal Hasan, Chief Business Officer of BRAC Kumon Ltd., signed the MoU on behalf of their respective organizations at BRAC Bank’s headquarters. Under this strategic collaboration, BRAC Bank will finance BRAC Kumon franchisees who have reached the peak of their business capacity and need to expand to enhance their capacity and serve a more significant number of children […]
- [Bangladesh Bank Negotiates $3 Billion Loan with IMF](https://new.markedium.com/bangladesh-bank-negotiates-3-billion-loan-with-imf/): Bangladesh is in negotiations with the International Monetary Fund (IMF) for an additional $3 billion loan to address economic challenges following recent political upheavals. This development was reported by BBC and Bloomberg. In an interview with Bloomberg, Bangladesh’s newly appointed central bank Governor Ahsan H Mansur explained that the additional funding is essential for the country’s recovery from political turmoil and to manage outstanding debts. Mansur noted that discussions with the IMF are focused on “augmenting” and “front loading” the previously secured $4.7 billion funding from last year. Bangladesh is also seeking financial support from other international institutions, requesting $1.5 […]
- [Khandoker Rafiqul Islam Named BGMEA President](https://new.markedium.com/khandoker-rafiqul-islam-named-bgmea-president/): Khandoker Rafiqul Islam, managing director of Designtex Group, has been named the new president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) following the resignation of SM Mannan Kochi. The appointment was made during an emergency meeting held at a hotel in Dhaka. Kochi, who was elected BGMEA president for the 2024-26 term on March 14, stepped down due to personal reasons and health issues. Despite his resignation, Kochi will continue to serve as a director on the BGMEA board. In addition to Rafiqul’s appointment, the BGMEA board elected Abdullah Hil Rakib, Managing Director of Team Group, as senior […]
- [Bangladesh Bank Revokes Nagad's Digital Banking License](https://new.markedium.com/bangladesh-bank-revokes-nagads-digital-banking-license/): Bangladesh Bank (BB) has temporarily suspended the digital banking license of Nagad, one of the country’s leading mobile financial service (MFS) providers, as the central bank initiates a thorough review of the licensing process. During a press briefing held at the BB headquarters, Governor Dr. Ahsan H Mansur confirmed the suspension, stating, “The digital banking license issued to Nagad has been placed on hold as we conduct a comprehensive review. If Nagad satisfies the regulatory requirements following the review, the license will be reinstated. Until then, it remains suspended.” Nagad, which was awarded the digital banking license in October last […]
- [E-Commerce Companies Hesitant to Adopt Digital ID](https://new.markedium.com/e-commerce-companies-hesitant-to-adopt-digital-id/): Local e-commerce companies in Bangladesh are showing reluctance to apply for the Digital Business Identification (DBID) due to regulatory and technical challenges, according to industry insiders. As per data from the e-Commerce Association of Bangladesh (e-CAB), only 2% of its 2,800 registered members have applied for DBID, and of those, just 14% have successfully obtained it. The DBID system, introduced in February 2022, was designed to bring order to the country’s crisis-hit e-commerce sector. However, technical difficulties and complex application processes have led to a low adoption rate. e-CAB has proposed simplifying the system and prioritizing DBID approval for its […]
- [Remittance Inflow up $406 Million YoY in Early August](https://new.markedium.com/remittance-inflow-up-406-million-yoy-in-early-august/): Bangladesh’s inward remittance flow surged by 36% during the first 20 days of August, driven by a significant increase in funds sent through official banking channels. According to data from Bangladesh Bank, the total remittance inflow reached $1.5 billion, marking a $406 million rise compared to the $1.12 billion received in the same period last year. Industry experts have pointed to an uptick in expatriates choosing to send money through formal channels, contributing to the sharp increase. The remittance inflow on 20 August alone was particularly notable, with expatriates sending $109 million in a single day, as reported by the […]
- [Bangladesh Bank Limits Lending at S Alam Group's Banks](https://new.markedium.com/bangladesh-bank-limits-lending-at-s-alam-groups-banks/): Bangladesh Bank has announced new lending restrictions affecting six banks associated with the S Alam Group, requiring these institutions to secure central bank approval for any loans exceeding Tk5 crore. The directive, outlined in a letter sent today, also prohibits the renewal of overdue loans or those surpassing credit limits without full repayment. The banks impacted by this decision are Islami Bank Bangladesh, Social Islami Bank, First Security Islami Bank, Union Bank, Global Islami Bank, and Bangladesh Commerce Bank. This move follows a similar restriction imposed on National Bank, a private-sector entity, earlier. The central bank’s decision comes amidst significant […]
- [Rashed Maqsood Named BSEC Chief](https://new.markedium.com/rashed-maqsood-named-bsec-chief/): The interim government has announced the appointment of Khondoker Rashed Maqsood as the new chairman of the Bangladesh Securities and Exchange Commission (BSEC) for a four-year term. The finance ministry released an official notice today confirming his appointment. Maqsood’s selection comes just a day after economist M Masrur Reaz declined the position of BSEC chief, despite being appointed on August 13. The chairmanship had remained vacant since August 11, following the resignation of Prof Shibli Rubayat-Ul Islam in the wake of the Sheikh Hasina-led Awami League government’s fall. With a wealth of experience in the banking and financial sectors, Maqsood […]
- [Instagram Tests Vertical Profile Grids](https://new.markedium.com/instagram-tests-vertical-profile-grids/): Instagram is experimenting with a major change to its profile pages, moving away from its iconic square grid in favor of a vertical rectangle layout. This new format represents a significant shift from the traditional square grid that has long been a defining feature of the platform. The test, which some users have recently noticed, reflects a broader trend towards vertical content on Instagram. The platform has seen an increase in vertical photos and videos, with many users now uploading content in 4:3 or 9:16 formats. Instagram’s head, Adam Mosseri, addressed the change in a recent Instagram story, acknowledging the […]
- [Redesigning the Financial System to Boost Entrepreneurship and Creativity](https://new.markedium.com/redesigning-the-financial-system-to-boost-entrepreneurship-and-creativity/): In a compelling address at the 3rd Voice of Global South Summit 2024, Chief Adviser to the interim government Professor Dr. Muhammad Yunus called for a major redesign of the financial system to unlock entrepreneurship and creativity. Speaking virtually from Dhaka, Dr. Yunus outlined a vision for a financial structure that supports all segments of society and fosters innovation. Dr. Yunus highlighted that the current financial system is designed to concentrate wealth among a few, arguing for a restructuring that ensures more equitable distribution. He proposed the creation of social business banks to address persistent issues such as poverty and […]
- [Wage Growth and Inflation Gap hits 10-year high](https://new.markedium.com/wage-growth-and-inflation-gap-hits-10-year-high/): Wage growth in Bangladesh has experienced a slight dip after 30 consecutive months of increases, according to new data from the Bangladesh Bureau of Statistics (BBS). This decline marks a significant shift as inflation continues to outpace wage growth, creating financial strain for many workers. The Wage Rate Index (WRI) reveals that wage growth for low-paid and unskilled workers fell to 7.93% in July. In contrast, the inflation rate surged to 11.66%, widening the gap between wages and prices to 3.73 percentage points—the largest difference in over a decade. This disparity has left many low-income workers struggling with decreased purchasing […]
- [Commission to Implement Sustainable Banking Reforms](https://new.markedium.com/commission-to-implement-sustainable-banking-reforms/): The interim government has taken a significant step towards reforming the country’s banking sector by announcing the formation of a dedicated commission aimed at implementing sustainable reforms. The decision, which has been a long-standing demand of economists and financial experts, was made during a high-level meeting between interim government Chief Adviser Dr. Muhammad Yunus and Bangladesh Bank Governor Ahsan H. Mansoor. The government also plans to develop and publish an action plan within 100 days, focusing on the overall situation and necessary reforms for the financial sector. This move is seen as a critical initiative to stabilize and strengthen the […]
- [Islami Bank Appoints Md Obayed Ullah Al Masud as New Chairman](https://new.markedium.com/islami-bank-appoints-md-obayed-ullah-al-masud-as-new-chairman/): Bangladesh Bank has announced the formation of a new board for Islami Bank Bangladesh, appointing five independent directors to address issues at the troubled Shariah-based lender. This move comes just one day after the central bank dissolved the previous board. Md Obayed Ullah Al Masud, the former managing director of Rupali Bank, has been appointed as the new chairman of the board. His appointment signifies a major shift, ending the S Alam Group’s seven-year dominance over the bank. The S Alam Group’s control had been associated with extensive allegations of financial mismanagement and the misuse of nearly a hundred thousand […]
- [BB Governor: No More Bank Liquidity Support](https://new.markedium.com/bb-governor-no-more-bank-liquidity-support/): Bangladesh Bank (BB) has announced it will no longer provide special liquidity support to any banks, according to Governor Ahsan H Mansur. This decision marks a significant shift in the central bank’s approach, as it has recently suspended liquidity support for several Shariah-based banks. Governor Mansur made the announcement during a press conference following a meeting with a delegation from the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). He also disclosed that the central bank has imposed lending caps on six financially troubled banks. These measures aim to address the ongoing issues within the banking sector and reinforce […]
- [Government Takes Control of Nagad](https://new.markedium.com/government-takes-control-of-nagad/): The Bangladesh government has assumed control of Nagad, the country’s prominent mobile financial service provider, following concerns over operational irregularities. The Bangladesh Post Office (BPO), which owns Nagad, has taken over the organisation, according to Bangladesh Bank Governor Ahsan H Mansur. At a press briefing on 22nd August, Mansur stated, “Since Nagad was operated as a postal department entity with the BPO holding a large stake, the government has taken charge on behalf of the BPO.” He also mentioned that the digital bank’s licensing process would be thoroughly reviewed, ensuring only eligible entities retain their licences. This move comes a […]
- [Tapan Chowdhury Appointed as New Chairman of CDBL](https://new.markedium.com/tapan-chowdhury-appointed-as-new-chairman-of-cdbl/): Renowned industrialist Tapan Chowdhury has been elected as the new chairman of Central Depository Bangladesh Limited (CDBL). The election took place on 22nd August during a meeting of CDBL’s board of directors. Tapan Chowdhury, who is also the managing director of Square Pharmaceuticals, brings extensive experience from Bangladesh’s business sector to this pivotal role. His leadership at Square Pharmaceuticals has been widely recognized, and his new appointment is expected to further strengthen CDBL’s standing in the financial industry. In another development, Rupali Haque Chowdhury, the managing director of Berger Paints Bangladesh, has joined the CDBL board. She was nominated by […]
- [Campaign Brief’s THE WORK 2024 Ranks Asiatic MCL as the #1 Agency in Bangladesh](https://new.markedium.com/campaign-briefs-the-work-2024-ranks-asiatic-mcl-as-the-1-agency-in-bangladesh/): Asiatic Marketing Communications Limited has been honored as the #1 agency in Bangladesh by Campaign Brief’s esteemed THE WORK 2024. This annual compilation highlights the best advertising efforts across the Asia-Pacific region, recognizing outstanding creativity and innovation. Asiatic’s standout campaigns, including ‘Plastic Farming,’ ‘Unwritten Stories,’ and ‘White Light District,’ were among the top submissions from Asia, Australia, and New Zealand, showcasing the agency’s creative prowess. In addition to this national recognition, Asiatic Marketing also secured a notable #102 position in THE WORK 2024’s list of ‘Top Asia Pacific Agencies,’ further establishing its status as a leader in the advertising industry. […]
- [BRAC Bank organizes AML training in Chattogram](https://new.markedium.com/brac-bank-organizes-aml-training-in-chattogram/): BRAC Bank organized a day-long workshop on the Prevention of Money Laundering and Combating Financing of Terrorism for its officials in Chattogram, according to a press release. 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 Chattogram region departments actively participated in the training, held at a city hotel on August 2, 2024. Key leaders like Kayesh Chowdhury, Head of Regional Corporate […]
- [BRAC Bank Contributes Tk 2 Crore For Medical Treatment Of The Wounded During Students’ Movement](https://new.markedium.com/brac-bank-contributes-tk-2-crore-for-medical-treatment-of-the-wounded-during-students-movement/): BRAC Bank has announced the allocation of 2 crore taka from its Corporate Social Responsibility fund to support the treatment of students and other individuals wounded during the recent movement. This initiative is in line with the bank’s commitment to social justice and equality. At the same time, the bank’s independent directors have also pledged to contribute their one-month honorarium to this initiative. The recent student-led uprising in Bangladesh saw many brave individuals standing up against discrimination, significantly changing the country. However, this movement has resulted in a large number of casualties, with many individuals losing their lives and thousands […]
- [BRAC Bank, VisionSpring To Screen The Vision Of 15,500 People](https://new.markedium.com/brac-bank-visionspring-to-screen-the-vision-of-15500-people/): BRAC Bank has joined forces with VisionSpring to extend complimentary eye care through ‘Aporajeyo Ami,’ – the bank’s flagship corporate social responsibility (CSR) initiative dedicated to health. The two organizations signed a partnership agreement at the bank’s head office in Dhaka in July 2024, said a press release. Sabbir Hossain, DMD and Chief Operating Officer of BRAC Bank, and Misha Mahjabeen, Country Director of VisionSpring, endorsed the agreement on behalf of their organizations. By collaborating with VisionSpring, BRAC Bank aims to screen the vision of 15,000 factory workers from its corporate and emerging corporate clients and 500 non-executive staff members […]
- [Instagram is Leaning into the 'Photo Dump' Trend](https://new.markedium.com/instagram-is-leaning-into-the-photo-dump-trend/): Instagram is now allowing users to add up to 20 photos or videos in a single feed carousel, doubling the previous limit of 10. This change reflects the platform’s embrace of the popular “photo dump” trend, where users share a collection of images and videos in one post rather than meticulously curating a single standout photo. The concept of “photo dumps” has gained traction in recent years as users opt to share a broader range of moments and memories in a more casual and less polished format. Instagram’s decision to increase the carousel limit comes just in time for the […]
- [Protirodh.net: Tackling Crime in Bangladesh Digitally](https://new.markedium.com/protirodh-net-tackling-crime-in-bangladesh-digitally/): As crime rates surge across Bangladesh following the fall of the Sheikh Hasina regime, local communities are stepping in to address the growing challenges faced by strained law enforcement agencies. In response to this urgent need, tech entrepreneur Fahim Murshed has introduced Protirodh.net—a new platform designed to quickly mobilize citizen volunteers in the fight against crime. Protirodh.net seeks to fill the gap created by overwhelmed law enforcement by providing a centralized system for community coordination. The platform allows users to report incidents and request assistance in real-time, streamlining the process of alerting both volunteers and local security forces. The platform […]
- [Bangladesh's Economy Experiences a Significant Downturn in July](https://new.markedium.com/bangladeshs-economy-experiences-a-significant-downturn-in-july/): In July, Bangladesh’s economy experienced a severe downturn, according to the latest Purchasing Managers’ Index (PMI). The PMI dropped sharply by 27 points from the previous month, falling to 36.9—well below the neutral 50-point mark, which signifies no change in economic conditions. This sharp contraction is attributed to significant disruptions caused by political violence, internet outages, and curfews imposed by the previous government in an attempt to control widespread protests. The PMI, based on surveys from over 500 private sector enterprises, reveals a downturn across all major sectors including agriculture, manufacturing, construction, and services. The Metropolitan Chamber of Commerce and […]
- [Bangladesh’s Purchasing Managers’ Index Falls in July](https://new.markedium.com/bangladeshs-purchasing-managers-index-falls-in-july/): The Purchasing Managers’ Index (PMI) for Bangladesh fell dramatically in July, dropping 27 points to a concerning 36.9, according to the Metropolitan Chamber of Commerce and Industry (MCCI). This sharp decline signals a significant contraction across key sectors of the economy. The MCCI’s “Bangladesh Purchasing Managers’ Index (PMI) Report” attributes this downturn to recent political instability, including widespread unrest, the resignation of the prime minister, and the subsequent collapse of the government. These events have had a profound impact on the economic landscape. The report reveals that all major sectors—agriculture, manufacturing, construction, and services—experienced notable contractions. The agriculture sector, after […]
- [BIDA Receives 254 Investment Proposals for April-June 2024](https://new.markedium.com/bida-receives-254-investment-proposals-for-april-june-2024/): The Bangladesh Investment Development Authority (BIDA) has reported a substantial influx of investment proposals for the April-June 2024 period, with 254 industries registering a combined investment amount of Tk 773,641.18 million. This wave of investment is anticipated to create approximately 47,105 new jobs. Among the registered industries, 220 proposals came from local investors, 19 from foreign investors, and 15 involved joint ventures. The local investment proposals, totaling Tk 747,157.55 million, were predominantly directed towards the services sector, which received Tk 573,135.56 million. As reported, other significant investments included Tk 66,296.72 million for the chemical industry, Tk38,071.28 million for the engineering […]
- [Indian Media's Narrative on Bangladesh's New Hope For Democracy: A Call for Balanced Reporting](https://new.markedium.com/indian-medias-narrative-on-bangladeshs-new-hope-for-democracy-a-call-for-balanced-reporting/): The recent political turmoil in Bangladesh, marked by Prime Minister Sheikh Hasina’s resignation and the ensuing unrest, has ignited a media frenzy across the border in India. The Indian media’s portrayal of these events has been nothing short of sensational, with narratives that paint a picture of foreign conspiracies and Islamist takeovers. However, a closer look reveals a more complex reality that warrants a nuanced understanding, especially for Indian readers who might be swayed by such alarmist rhetoric. Sensationalism vs. Responsibility Indian news outlets (not all, but some major ones), traditionally known for their sensationalist tendencies, have turned the political […]
- [Brain Station 23 Withdraws SME Board Listing Due to Business Risks](https://new.markedium.com/brain-station-23-withdraws-sme-board-listing-due-to-business-risks/): Brain Station 23 Limited has announced its decision to withdraw the Qualified Investor Offer (QIO) from the SME board of the stock exchange, just one month before the scheduled subscription period. The IT firm’s move is attributed to business instability and concerns over the current environment for public investment. Raisul Kabir, co-founder and CEO of Brain Station 23, explained the rationale behind the decision in a statement to The Business Standard. “The disrupted connectivity nowadays is risking our business and might impact our shareholders and investors,” Kabir said. “We believe it will not be the right step to take on […]
- [S&P: Political Instability Poses New Threats to Bangladesh's Economy](https://new.markedium.com/sp-political-instability-poses-new-threats-to-bangladeshs-economy/): Bangladesh’s economy faces new risks due to ongoing political volatility, according to S&P Global Ratings. The American credit rating agency reported that the country’s sovereign credit support has weakened since the downgrade of its long-term sovereign credit rating on July 30. However, S&P noted that if the political situation stabilizes soon, the current credit metrics might still support the ratings. The resignation of former Prime Minister Sheikh Hasina on August 5, following widespread protests, has heightened the downside risks to economic growth, fiscal performance, and external metrics. S&P indicated that the extent of damage to the credit metrics might be […]
- [Singer Bangladesh Limited Sees 60% Decline In H1 2024 Net Profit Amid Rising Costs](https://new.markedium.com/singer-bangladesh-limited-sees-60-decline-in-h1-2024-net-profit-amid-rising-costs/): Singer Bangladesh Limited (SBL), one of the leading consumer electronics and home appliance retailers in Bangladesh, has reported a notable financial performance for the first half of 2024, showcasing strong growth across key financial metrics. Impressive Sales Growth For the period from January to June 2024, SBL reported total sales of BDT 11.86 billion, a 9% increase from BDT 10.91 billion in the same period of 2023. This robust growth is attributed to increased consumer demand and successful marketing campaigns, coupled with an expansion in product offerings. Read more: Olympic Industries to Invest Tk22.71 crore Crore in Chanachur Factory Strong Gross […]
- [Olympic Industries to Invest Tk22.71 crore Crore in Chanachur Factory](https://new.markedium.com/olympic-industries-to-invest-tk-23-crore-in-chanachur-factory/): Olympic Industries Limited, a prominent biscuit manufacturer in Bangladesh, has announced a significant investment of Tk22.71 crore to establish a new chanachur production facility. The company disclosed this move in a recent announcement on the Dhaka Stock Exchange. The investment will be used to acquire state-of-the-art machinery from Global Marketing Services, Calcutta, India, costing $18.85 lakh (approximately Tk22.71 crore). The new plant, set to be built in Kutubpur, Narayanganj, will have a production capacity of 6,600 tonnes annually. This expansion aligns with Olympic Industries’ strategy to boost its production capabilities in response to the increasing demand for snacks. The company […]
- [Bangladesh Takes 29th Place in World Bank’s B-Ready Index](https://new.markedium.com/bangladesh-takes-29th-place-in-world-banks-b-ready-index/): Bangladesh has been ranked 29th out of 50 countries in the World Bank’s inaugural B-Ready Index, which is set to replace the discontinued Ease of Doing Business report. The new index, presented in a draft at a World Bank executive meeting in July, assesses business environments based on regulatory framework, public services, and operational efficiency, as reported by TBS. The B-Ready Index highlights Bangladesh’s strong performance in operational efficiency with a score of 70.49, but reveals moderate scores in regulatory framework (56.99) and lower scores in public services (41.46). The country trails behind Nepal and Indonesia but fares better than […]
- [OpenAI Co-Founder John Schulman Joins Anthropic](https://new.markedium.com/openai-co-founder-john-schulman-joins-anthropic/): John Schulman, one of the co-founders of OpenAI, has left the artificial intelligence company to join rival Anthropic. Schulman announced his decision on the social media platform X late Monday, stating his desire to focus on AI alignment and return to hands-on technical work. “This choice stems from my desire to deepen my focus on AI alignment, and to start a new chapter of my career where I can return to hands-on technical work,” Schulman wrote in his post. The announcement of Schulman’s departure is not the only significant change at OpenAI. Greg Brockman, OpenAI’s President and another co-founder, revealed […]
- [Bangladesh Holds 2nd Spot in RMG Exports](https://new.markedium.com/bangladesh-holds-2nd-spot-in-rmg-exports/): According to the latest data from the World Trade Organization (WTO), Bangladesh has successfully maintained its position as the world’s second-largest exporter of readymade garments (RMG) in the global market for the past year. The WTO’s recently published report, “World Trade Statistics 2023: Key Insights and Trends,” reveals that Bangladesh’s RMG exports were valued at $38 billion in 2023. This figure represents a 15.55% decrease from the $45 billion recorded in 2022. Additionally, the country’s share of global RMG exports fell to 7.4% in 2023 from 7.9% in the previous year. This is a notable shift from 2021, when Bangladesh […]
- [Bangladesh Bank Opens Up to Journalists Says Deputy Governor](https://new.markedium.com/bangladesh-bank-opens-up-to-journalists-says-deputy-governor/): Bangladesh Bank recently announced the removal of entry restrictions for journalists at its headquarters, marking a significant shift in its approach to media relations. Deputy Governor Kazi Sayedur Rahman made the announcement during a meeting with the Economic Reporters’ Forum (ERF) at the central bank’s office in Dhaka’s Motijheel district. The meeting, led by ERF President Refayet Ullah Mirdha, focused on key issues within the banking sector. Mirdha highlighted the urgent need for the central bank to tackle defaulted loans and take decisive action against money laundering and corruption in the financial system. The decision to open up the bank’s […]
- [US-Bangla Airlines Appoints Mir Tajmul Hossain as Head of Digital Marketing](https://new.markedium.com/us-bangla-airlines-appoints-mir-tajmul-hossain-as-head-of-digital-marketing/): US-Bangla Airlines is pleased to announce the appointment of Mir Tajmul Hossain as the new Head of Digital Marketing. Renowned for his unparalleled expertise and a stellar track record in the digital marketing arena, Mir Tajmul Hossain brings a wealth of experience and a visionary approach to the US-Bangla Airlines team. In his new role, Mr. Tajmul will spearhead the development and execution of digital marketing strategies to enhance brand visibility, customer engagement, and online sales. His focus will include leveraging data-driven insights to optimize marketing campaigns and deliver exceptional customer experiences. His innovative approach and deep understanding of performance […]
- [IPDC Finance Secures Top Position for the 3rd Time in Sustainability Rating by Bangladesh Bank](https://new.markedium.com/ipdc-finance-secures-top-position-for-the-3rd-time-in-sustainability-rating-by-bangladesh-bank/): IPDC Finance has been recognized as a top-performing finance company in Bangladesh Bank’s Sustainability Rating 2023. The sustainability rating evaluates banks and financial institutions based on several components: sustainable finance, green finance, green refinance, core banking sustainability, corporate social responsibility (CSR) activities, and banking services coverage. IPDC Finance’s outstanding performance in these areas has earned it a prominent position for the third time. Rizwan Dawood Shams, Managing Director of IPDC Finance, expressed his delight and gratitude for this recognition, stating, “We express our sincerest gratitude to the central bank for this recognition, the guidance, and the leadership for promoting sustainability […]
- [Concito Signs Strategic Agreement with Astrum to Enhance Global Outreach Accessibility](https://new.markedium.com/concito-signs-strategic-agreement-with-astrum-to-enhance-global-outreach-accessibility/): Concito, a leading integrated communications firm in Bangladesh has announced a strategic alliance with Astrum, India’s first specialist reputation management advisory, that uses the Science of Persuasion™ to understand and shape public opinion ethically. Through this partnership, Concito will be the preferred partner for Astrum in Bangladesh, while Astrum will provide global PR support for Concito’s local clients, according to a press release. This partnership helps both organizations offer seamless service experience and leverage each other’s capabilities to provide ‘research-based multidisciplinary strategic communication solutions’. This collaboration provides a powerful edge – the collective acumen of multidisciplinary professionals driving breakthrough thinking, […]
- [MetLife Bangladesh Introduces Cashless Outpatient Services](https://new.markedium.com/metlife-bangladesh-introduces-cashless-outpatient-services/): MetLife Bangladesh has launched a new cashless outpatient service exclusively for organizations providing life & health insurance to their employees through MetLife. This new service enables employees to receive outpatient hospital services without paying any cash upfront at hospital counters, according to a press release. Outpatient services include outdoor consultation, prescribed medicines, and investigations administered without an overnight stay at a hospital. This service, in addition to the existing cashless hospital admission facility, will benefit over 300,000 employees from 900+ organizations that have availed of MetLife’s employee insurance. These services will also be available to the dependents of these employees. […]
- [Bangladesh To The World: Farmers Market Asia's Strategic Pivot](https://new.markedium.com/bangladesh-to-the-world-farmers-market-asias-strategic-pivot/): In an era where the integrity of the food supply chain is paramount, Farmers Market Asia (FMA) has emerged as a pivotal player in addressing traceability issues. Originating from Bangladesh, FMA’s strategic shift to a global focus illustrates how tackling global problems can effectively resolve local challenges. A Vision Born in Bangladesh Farmers Market Asia began with a mission to revolutionize Bangladesh’s agricultural sector, which employs around 45% of the workforce and contributes about 11.20% to the GDP. The company initially focused on empowering local farmers with advanced agri-tech solutions to enhance productivity and sustainability. “Our goal was to enhance […]
- [Banglalink and BPDB Collaborate to Digitize Electricity Services](https://new.markedium.com/banglalink-and-bpdb-collaborate-to-digitize-electricity-services/): Banglalink, the country’s leading digital operator, has partnered with the Bangladesh Power Development Board (BPDB) to facilitate the implementation of Smart Prepaid Metering System leveraging Banglalink’s fastest 4G network across Bangladesh, said a press release. This collaboration will be powered by Banglalink’s Ookla® certified fastest 4G connectivity and is aligned with the Government’s vision for a technologically advanced Smart Bangladesh. Rubaiyat A Tanzeen, Enterprise Business Director at Banglalink and Md. Mofijul Islam, General Manager, Commercial Operation at BPDB, signed the agreement during a ceremony at BPDB’s head office in Biddut Bhaban, Dhaka recently. Md. Mofijul Islam, General Manager, Commercial Operation, […]
- [Wael Sabra to Succeed Golam Mainuddin as Chairman of BAT Bangladesh](https://new.markedium.com/wael-sabra-to-succeed-golam-mainuddin-as-chairman-of-bat-bangladesh/): Wael Sabra, a seasoned professional serving BAT for 21 years, will succeed Golam Mainuddin as the Chairman of BAT Bangladesh from August 1, 2024. Beginning his career with BAT in 2003, Sabra held numerous senior positions in the company, gaining extensive experience through his work across the Middle East, Africa, and South Asia, which has contributed to the company’s continued success. Since March 2023, Sabra has served as a Non-Executive Director on the Board of Directors at BAT Bangladesh. He is currently the Area Director for BAT Middle East, South Asia, North Africa, Caucasus, and Central Asia. Sabra holds a […]
- [City Bank Gets $30M OPEC Loan](https://new.markedium.com/city-bank-gets-30m-opec-loan/): City Bank has recently signed a $30 million loan agreement with the OPEC Fund for International Development (OPEC Fund) to support international trade in Bangladesh. This funding will primarily target import and export companies in the agriculture and green energy sectors, aiding their financing needs and fostering economic growth. The partnership aims to enhance the trade of agricultural and green energy products within Bangladesh, according to a press release issued by City Bank. By partnering with City Bank, the OPEC Fund aims to provide trade finance to suppliers in Bangladesh. It will facilitate the flow of goods amid supply chain […]
- [Ferrari's First EV to Exceed $500,000](https://new.markedium.com/ferraris-first-ev-to-exceed-500000/): Ferrari’s first electric vehicle (EV) is set to debut with a starting price of at least 500,000 euros ($535,000). The luxury carmaker is poised to unveil a new plant that will manufacture this model, potentially increasing the company’s production capacity by up to a third. Scheduled for a late next year launch, Ferrari’s inaugural EV reflects the company’s confidence in the market readiness of ultra-wealthy buyers, even as mass-market competitors reduce EV prices due to sluggish demand. This substantial price tag, excluding additional custom features and personal touches which typically add 15-20%, significantly surpasses Ferrari’s average sale price of around […]
- [Report says, Bangladesh Among Worst 10 for Labor Rights](https://new.markedium.com/report-says-bangladesh-among-worst-10-for-labor-rights/): Bangladesh continues to be listed among the 10 worst countries for labor rights in 2024, marking the eighth consecutive year of poor performance since 2017, according to the 2024 ITUC Global Rights Index released on Wednesday. The other countries included in this list are Belarus, Ecuador, Egypt, Eswatini, Guatemala, Myanmar, the Philippines, Tunisia, and Türkiye. The report by the International Trade Union Confederation (ITUC) provides a detailed review of workers’ rights based on law, ranking 151 countries against 97 indicators derived from International Labour Organization (ILO) Conventions and jurisprudence. This makes it the only database of its kind. Countries are […]
- [World Bank Projects 5.7% Economic Growth for Bangladesh in FY25](https://new.markedium.com/world-bank-projects-5-7-economic-growth-for-bangladesh-in-fy25/): The World Bank has forecasted that Bangladesh’s economy will grow by 5.7% in the fiscal year 2025, attributing this growth to increased private consumption from easing inflation and a boost in overall investment due to the implementation of large-scale projects. This projection was detailed in the World Bank’s Global Economic Prospects report released on Tuesday. The report anticipates that shortages of inputs and imported goods will gradually ease. Additionally, a more flexible exchange rate policy is expected to increase remittance inflows and reduce pressures on the balance of payments. This forecast follows the government’s budget projection of a 6.75% GDP […]
- [Bangladesh Falls 40 Places in Gender Equality Ranking](https://new.markedium.com/bangladesh-falls-40-places-in-gender-equality-ranking/): Bangladesh has experienced a sharp decline in its position on the World Economic Forum’s (WEF) Global Gender Gap Index 2024, falling 40 places to rank 99th among 146 economies. Despite this significant drop, Bangladesh continues to lead South Asia in gender equality for the tenth consecutive year. The 18th edition of the index, unveiled today, revealed that Bangladesh’s descent from its previous rank of 59th was the most pronounced among the indexed countries. The primary reason for this decline is a notable deterioration in economic gender parity over the past five years. The country has now closed 68.9% of its […]
- [Apple Enters a New Era with iOS 18](https://new.markedium.com/apple-enters-a-new-era-with-ios-18/): Apple is gearing up to introduce iOS 18, marking a watershed moment with its groundbreaking integration of artificial intelligence, branded as Apple Intelligence, across its entire ecosystem. This upcoming update promises to redefine user interactions and elevate the capabilities of core applications like never before. The journey into AI for Apple isn’t entirely new, with previous subtle integrations in products such as Siri, the voice assistant. However, iOS 18 is poised to take this integration to unprecedented levels of sophistication and usability. In the realm of photography, the Photos app will harness AI to offer advanced editing tools. Users will […]
- [Government Targets Full Paperless Services by 2041 for Smart Bangladesh](https://new.markedium.com/government-targets-full-paperless-services-by-2041-for-smart-bangladesh/): The government has unveiled an ambitious plan to transition all its services to a completely paperless format by 2041 as part of the “Smart Bangladesh” vision. This initiative aims to harness cutting-edge technologies to modernize governance and improve service delivery across the country. According to an official announcement presented in Parliament, the government’s goal is to achieve 100% paperless, streamlined, and personalized services. Central to this transformation is the implementation of the Smart Bangladesh Stack, a digital infrastructure framework designed to make all government services accessible and interoperable. Key components of the initiative include the introduction of data-driven AI-based dashboards […]

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