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March 11, 2023 - Ziaul Hasan Siddiqui, Chairman of Board of Directors of Sonali Bank Limited, inaugurates the 18 Model branches at the bank’s head office on Monday. Md. Afzal Karim, CEO and Managing Director and other senior executives of the bank were present.
March 11, 2023 - Bank Asia Limited has celebrated the Financial Literacy Day for the first time by arranging different types of activities aiming to build awareness and knowledge on financial matters and services of customers.Md. Sazzad Hossain, DMD, along with other senior officials of the bank inaugurates the program at its head office in the capital on Monday.
March 11, 2023 - Naser Ezaz Bijoy, CEO of Standard Charted Bangladesh, hands over a donation cheque of Tk. 16cr for char-based communities receive much needed farm-to-market support to increase agricultural output, rise above poverty, produce efficiently, and build resilience. Runa Khan, Founder and Executive Director, Friendship (NGO) and other executives from both sides were present.
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
Effective market competition can raise GDP growth by 2-3pc: Experts

Effective market competition can raise GDP growth by 2-3pc: Experts

DHAKA:Experts on Sunday said that an effective market competition mechanism would reduce the country’s poverty rate and increase the gross domestic products by 2-3 per cent.

They, at a seminar on growth in competition and role of Bangladesh Competition Commotion, said that anti competition behaviour among market participants increased income disparity in the society and hurt poor people severely.

Bangladesh Competition Commotion organised the seminar at Economic Reporters Forum auditorium in the city.

Former head of the International Trade and Regional Cooperation Section at Commonwealth Secretariat Abdur Razzaque said that although Bangladeshi consumers paid 70 per cent higher than the international prices to buy goods in the domestic market, they were not getting quality products.

‘If competition is absent in the market quality products would not be produced,’ he said.

Razzaque said that there was no competition in the market in producing the items which were bought by poor and lower middle income people.

He said that Bangladeshi consumers were paying additional $14 billion per year to buy consumer goods and lower income group was the worst sufferer of the anti-competitive practice.

Bangladesh Competition Commotion chairperson Md Abdur Rouf said that if the competition was ensured, bad investment would be reduced and GDP growth would be increased by 2-3 per cent.

‘Our mandate is to ensure a conducive environment for economic activities in the country,’ he said.

Rouf said that the commission was working on ensuring consumers’ interest by preventing various types of malpractices including monopoly, oligopoly and cartel.

Acting commerce secretary Md Shafiqul Islam said that anti-competitive practice increased income inequality in the society and a large number of people were being deprived of the benefits of the economic growth.

Effective competition can play an important role to ensure a level playing field in the society by reducing income inequality, he said.

Former director general of WTO Cell under commerce ministry Munir Chowdhury said that an effective competition policy was important for the country to face the challenges of graduation from the least developed country.

He said that a better competition law could be a tool for getting post-graduation trade facility.

Former director of the Federation of Bangladesh Chambers of Commerce and Industry Manzur Ahmed, Bangladesh Competition Commission director Md Khaled Abu Naser and ERF president Saiful Islam Dilal, among others, spoke at the event.

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