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December 28, 2022 - Lub-rref (BD) approve 10pc cash dividend: Lub-rref (Bangladesh) Limited has been approve 10 percent cash dividend for all shareholders. The declaration came out through its 20th Annual General Meeting (AGM) was held through virtually on Tuesday. Mohammad Yousuf, Managing Director, Salauddin Yousuf, Dr. Israt Jahan, Directors, Prof. Mohammad Moniruzzaman, Wahid Uddin Chowdhury, Independent Director, Md. Moshihoor Rahman, Company Secretary, Helal Uddin,Chief Financial Officer and Mofizur Rahman, Head of Corporate Finance of the company also attends the meeting.
December 28, 2022 - Muhammad Nurul Hoq, Head of Sylhet Zone of Islami Bank Bangladesh Limited and Md. Shahidul Islam, General Manager (Company Secretary) of Jalalabad Gas Transmission and Distribution System Limited (JGTDSL) signed an agreement (MoU), exchange document after signing a MoU at JGTDSL recently. Under the deal, consumers of JGTDSL will be able to pay gas bill on counter at any branch, sub branch of the bank or by using banks app based product Cellfin or iBanking. Top officials from both sides were present.
December 23, 2022 - Romana Rouf Chowdhury, Director of Bank Asia Limited, inaugurates its 131st branch at Rampura in the capital on Tuesday. Adil Chowdhury, President & Managing Director, Md. Sazzad Hossain, SM Iqbal Hossain, Alamgir Hossain, DMDs of the bank and local dignitaries were present.
December 23, 2022 - Banglalink launches eSIM
December 23, 2022 - Alamgir Shamsul Alamin (Kajal), President of Real Estate & Housing Association of Bangladesh (REHAB), inaugurates the stall of Padma Bank Limited at Bangabandhu International Conference Center (BICC) in the capital on Wednesday. M Ahsan Ullah Khan, SEVP and other senior officials of the bank were present.
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.
November 10, 2022 - Coca-Cola (BD) gets new MD
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.
October 29, 2022 - Shahriyar made CEO of PICL
October 29, 2022 - Dr. H.B.M. Iqbal, Chairman of Premier Bank Limited, celebrates the bank’s 23th founding anniversary programme by cutting a cake at its head office in the capital on Wednesday. M Reazul Karim, Managing Director & CEO, BH Haroon, MP, M Imran Iqbal, Jamal G Ahmed, Nahyan Haroon, Directors, Kaiser A. Chowdhury, Naba Gopal Banik, Independent Directors and Muhammed Ali, Advisor of the bank were present.
October 29, 2022 - AB Bank Limited signed an agreement with Jamuna Electronics and Automobiles Limited under which AB Bank cardholders will enjoy EMI facilities @0% up to 36 months. Syed Mizanur Rahman, DMD of AB Bank Limited and Md. Sazzadul Islam, Head of Business, Jamuna Electronics and Automobiles Limited signed the agreement on behalf of their respective organisations. Senior officials of both the organisations were also present at the ceremony.
September 29, 2022 - Sheikh Hasina is now world leader: Hasan
September 29, 2022 - PM’s 76th birthday celebrated amid festivity, enthusiasm
September 29, 2022 - Emranul Huq, Managing Director and CEO of Dhaka Bank Limited along with Professor Niaz Ahmed Khan, Ph.D, Pro-Vice Chancellor of Independent University, Bangladesh (IUB), launches a prepaid card product called Aspire Student Prepaid Card in association with VISA at IUB campus in the city recently. The Aspire Student Prepaid Card can be availed by any students of Bangladesh having a valid Student ID supported by Guardian Documents from any branches, online application and student banking unit of the bank.
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.
September 29, 2022 - NFBIs demand withdrawal of cap on deposit interest
September 25, 2022 - PM calls ‘tragic’ rich nations response to climate issue
September 25, 2022 - World Bank to publicise Bangladesh’s dev success
September 25, 2022 - ‘Time is up’: Countries trapped in climate crisis raise alarm at UN
September 25, 2022 - Rising risk of global recession
September 25, 2022 - Energypac win RESCM award
September 25, 2022 - UFIL gets new DMD
September 25, 2022 - NRBC Bank wins six prizes as best bank in South Asian Business Excellence Awards
September 25, 2022 - GP trials 5G in all divisional cities
September 25, 2022 - Extend tenure of trade licences to 5 years: MCCI
September 25, 2022 - City Bank Capital moves to its new corporate head office
September 19, 2022 - Free, fair polls only held in AL govt periods, PM tells BBC
BRTC to offload shares

BRTC to offload shares

DHAKA: The BRTC will offload shares in the capital market as the cabinet yesterday approved the draft of “The Bangladesh Road Transport Corporation Act, 2019” with the provision.

The approval came from a regular cabinet meeting held in the Secretariat here with Prime Minister Sheikh Hasina in the chair.

“The cabinet today gave final nod to the draft of “The Bangladesh Road Transport Corporation Act, 2019″ updating the regulation of 1961 keeping a provision of offloading shares in the market,” Cabinet Secretary Mohammad Shafiul Alam told journalists at the Secretariat.

Shafiul said the authorized capital of the corporation under the existing law is only Taka 6 crore, but in the proposed law, it has been fixed at Taka 1,000 crore divided into some 100 crore shares, each with a face value of Taka 10.

“The government will own 51 percent shares while 49 percent share will be offloaded for the general public,” he said.

The paid up capital was not fixed in the proposed law, it will be fixed by a general meeting or a special general meeting of the corporation while the paid up capital wouldn’t exceed the authorized capital, he informed.

The draft law provides for a 24-member board of directors — 13 from the government, eight non-government members from eight divisions of which three will be women and three from the shareholders, he said.

The number of directors is only 11 in the existing law, he said, adding that a ‘member secretary’ for the board has been proposed in the new law.

Shafiul added: “A provision has been incorporated in the proposed law for
conducting the BRTC services to face any special situation such as hartal,
strike, transport strike, emergency, natural calamities, special state
urgency, Biswa Ijtema and freedom fighters’ assembly.”

“The cabinet today also gave final nod to the draft of ‘The Bangladesh
Road Transport Corporation Act, 2019’ updating the regulation of 1961 keeping
a provision of offloading shares in the market,” he said.

The Cabinet Secretary said that the authorized capital of the corporation
under the existing law is only Taka six crore, but in the proposed law, it
has been fixed at Taka 1,000 crore divided into some 100 crore shares, each
with a face value of Taka 10.

“The government will own 51 percent shares while 49 percent share will be
offloaded for the general public,” he said.

The cabinet also approved the draft of a law that will pave the way for
depositing the idle money to the public exchequer as Taka 2,12,100 crore of
68 organisations remained unused till May this year.

“The cabinet has approved the draft of the law for paving the way to help
deposit the idle money to the public exchequer as the money is not now being
invested for good purposes. The money has now been kept idle with various
banks as FDR,” Mohammad Shafiul Alam told a news briefing at the Secretariat.

He went on saying that the money will be used to carry out development
works.

According to the information updated till May 2019, as many as Taka
2,12,100 crore of 68 autonomous, semi-autonomous, government statuary
authorities, public non-financial corporation and self-governing
organisations are kept idle, he informed.

The cabinet approved the proposal for ratification of the “Treaty on the
Prohibition of Nuclear Weapons” which will be adopted during the 74th Session
of the UN General Assembly.

A proposal was also approved in the cabinet meeting relating to join “The
Protocol to Prevent, Suppress and Punish Trafficking in Persons, Especially
Women and Children, Supplementing the United Nations Convention against
Transnational Organised Crime” to stop human trafficking and ensuring
punishment to this end.

Besides, the Cabinet approved the draft of the agreement on labour
cooperation between the government of Seychelles and the government of
Bangladesh.

Meanwhile, the cabinet was apprised the visit of Prime Minister Sheikh
Hasina to the United Kingdom from July 19 to August 7.

It was also apprised the visit of the Bangladesh delegation led by
Commerce Minister Tipu Munshi to Czeck Republic and Slovenia for signing the
agreement on bilateral trade and economic cooperation with Czeck Republic on
May 21, 2019 and to attend “The Second Celebration of the World Bee Day” on
May 18 to May 20 in 2019.

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