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November 10, 2022 - Sharfuddin Iqbal, Chief Commercial Officer (CCO) of Swish Global, inaugurates its first shower enclosure with smart door technology at a function held at Bangabandhu International Conference Centre (BICC) on Tuesday. Other senior officials of the company were present.
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November 10, 2022 - Zabed Amin, DMD of Padma Bank Limited and Md. Rafiqul Islam, CEO of Rico International, exchange documents after sign an agreement at the consultancy office in the capital on Tuesday. Under the deal, Rico International students shall be served with priority services ranging from account opening to remittance and beyond at the bank’s specialized Student Care Centers and branches through dedicated relationship managers. Top officials from both sides were present.
November 10, 2022 - Kali Cheron, Chief Financial Officer of Rangs Electronics Limited (REL) andFarzana Sharmeen, Head of IPDC Finance Limited, exchange documents after signing an agreement at IPDC’s corporate head office in the capital recently. Under the deal, consumers across the country will have the facility to purchase electronics products with installments facility of up to 12 months under IPDC Easy. Top officials from both sides were present.
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September 29, 2022 - Noor -E- Hafza, Chairman, Board of Directors of Sonali Life Insurance Company Limited (SLICL), presides over its 9th AGM held on Wednesday. The AGM approved 15 percent cash dividend for its shareholders year ended on December 31, 2021. Directors and senior officials of the company were present.
September 29, 2022 - Noor-E-Alam Chowdhury, Chief Whip of Bangladesh Parliament, inaugurates the 386th branch of Islami Bank Bangladesh Limited as chief guest at Shibchar in Madaripur on Wednesday. Mohammed Monirul Moula, Managing Director & CEO, Md. Altaf Hossain, DMD, Miftah Uddin, SEVP and Md. Abdus Sobhan, EVP of the bank, were present.
September 29, 2022 - Sumon Morshed, Managing Director of Finery Group, inaugurates its 20th anniversary at its office in the capital on Wednesday. Officials and employees of the company were present.
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September 19, 2022 - Nasimul Baten, Managing Director and CEO of DBH Finance PLC, inaugurates its 14th branch at Station Road in Rangpur city recently. AKM Tanvir Kamal, DMD and Head of Credit, Saiyaf Ejaz, Head of Administration and Recovery, Md Zakaria Eusuf, Head of Loan Operations, Sabed Bin Ahsan, Head of Deposits, Business Planning and Alternate Channels and other officials of the company, were present.
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September 19, 2022 - Showing trade license not mandatory for small traders to open bank accounts

BBS to reveal quarterly GDP growth stats

Alongside revealing the annual growth statistics, the Bangladesh Bureau of Statistics (BBS) is working to divulge GDP growth statistics on quarterly basis, said Planning Minister MA Mannan.
“The work on preparing quarterly growth statistics will start likely from this quarter and we’ll gradually step into a new system. Alongside this, the existing system of making public the annual statistics will also continue,” he said.
The Planning Minister said this while addressing a stakeholder consultation workshop as the chief guest on “Quarterly National Accounts” organized by Bangladesh Bureau of Statistics (BBS) on Thursday held at its auditorium in the capital.
State Minister for Planning Dr Shamsul Alam spoke on the occasion as the special guest chaired by Statistics and Informatics Division Secretary Muhammad Yamin Chowdhury. BBS Director General Md Tajul Islam also spoke.
Mannan said necessary approval from the head of the government has already been taken for revealing quarterly information on GDP and the BBS would accordingly do that.
He said once the data on quarterly GDP is available, it would also help to know the financial health of the country.
The Planning Minister said that the officials and other staffs of the BBS are capable enough to prepare the growth statistics on quarterly basis as they have necessary skills, experience and wisdom.
He also assured that the Statistics Division and the BBS would get all necessary support including technological and financial ones from the government to carry out such kind of new task.
Mannan also asked the BBS officials to stay in touch with the peers in discharging their duties and responsibilities as the country has cultural similarity with India, Pakistan, Sri Lanka, Nepal, and Myanmar.
State Minister for Planning Dr Shamsul Alam said this is a red letter day for BBS as they are introducing quarterly national accounts for the first time.
He said this quarterly account will help the government to prepare for-actions for any kind of economic anomalies. “If GDP falls in a specific quarter or prices rise beyond normal trend, then the government could take measures necessary for restoring the GDP or smoothing the prices through allowing imports in the next quarter,” he added.
The State Minister said the BBS can start accounting regional/ district GDP as it will help districts that are less productive and prone to economic vulnerability to be more productive and prosperous by addressing through ADP interventions.
“Finally, the data of quarterly accounts of GDP must be available immediately after a quarter ends so that the data use can be fruitful and pertinent for all. If it fails to deliver the data in time, it’s relevancy will be lost”. He added.
The workshop was informed that currently the importance of quarterly GDP is recognized throughout the world while there is also a demand for quarterly GDP from different domestic and international agencies and from users of macroeconomic aggregates.
Against this backdrop, the BBS feels a dire need to estimate quarterly GDP and it is expected that quarterly GDP estimation would be an integral part of regular activities of BBS.

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