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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.
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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.
September 19, 2022 - Ruhul Amin re-elected as Risk Management Committee chairman of NRB Bank
September 19, 2022 - Niranjan Chandra Debnath, DMD of Sonali Bank Limited, Dr. Dewan Muhammad Humayun Kabir, Project Director of Aspire to innovate and Md. Samawat Ullah, Managing Director of Olivine Limited, exchange document after signing a tri partisan deal to collect the citizens fees and charges under Online Councilor Certificate System through the Sonali Payment Gateway at the bank’s head office in the capital on Sunday. Other senior officials from respective sides were present.
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September 2, 2022 - Muhammad Imrul Kabir, Corporate Affairs Director, Nafeesa Hossain Monali, Human Resources Director of Chevron Bangladesh, attended the Math & Science Summer School 2022 Closing Ceremony of The Asian University for Women (AUW) held at the university campus in Chattagram recently. The AUW Summer School, powered by Chevron, selected 71 bright female high school students from all over Bangladesh to participate in a diversified four-week program meticulously focused on Math, Science and computer coding. Dr. Beena Khurana, Dean of Arts and Sciences of AUW and Rubaba Dowla, Country Managing Director of Oracle Bangladesh, Nepal and Bhutan were present.
September 2, 2022 - Afzal joins Sonali Bank as MD
September 2, 2022 - Khondoker Ataur Rahman Managing Director of Palli Sanchay Bank Limited, addresses a discussion meeting on the occasion of the 47th martyrdom anniversary of Bangabandhu Sheikh Mujibur Rahman and the National Mourning Day held at Gopalgonj Multiplicity auditorium recently. Dipokkor Roy, General Manager and other officials of the bank were present.
September 2, 2022 - BARVIDA urges for cut of Ctg Port charges
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August 23, 2022 - BNP created contexts of all the crises after Bangabandhu killing: Quader
Building material exports Cement makers seek 10pc cash stimulus

Building material exports Cement makers seek 10pc cash stimulus

Local cement manufacturers suggest a 10-per cent cash incentive for the export of key construction materials aiming to increase the current export volume threefold.

They also seek to relax the duty-drawback provision, reads a letter of the Bangladesh Cement Manufactures Association (BCMA) sent to the commerce ministry requesting steps to this effect.

“We have received a letter from the BCMA and are working on the issue,” says an official concerned.

The country solely relied on imported cement as a key construction material around three decades ago.

But things have changed over time. This non-conventional product being made locally is now exported abroad after meeting the domestic demand.

The volume of cement export was 0.25-million tonnes in the calendar year 2021. Of them, a lion’s share was exported to the north-eastern states of neighbouring India, cites the letter.

The BCMA claims local cement producers are exporting the item competing with their large Indian rivals.

Enhancing the export volume of this construction material to two to three times high is possible if the sector gets cash incentive for export, it observes.

The association has also requested steps to relax the current duty-drawback provision.

A total of 76 cement companies are registered with the government, but only 42 large-, medium- and small-scale companies are currently in operation.

Of them, seven have stock market listings, according to the association.

Currently, all the 42 plants have a total yearly production capacity of an estimated 58-million tonnes against the demand for approximate 31-million tonnes.

The cement industry is dominated by only 10 companies, including two multinationals, holding around 75 per cent of the total market share.

Per-capita cement consumption is expected to touch the level of 250 kilo in by 2022, shows the BCMA webpage.

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