Browse Month

June 2015

Pathao to launch mobile wallet next year

Pathao, a ride-hailing app in Bangladesh, plans to launch its own mobile wallet next year to reduce consumer reliance on cash payments. “Payments is a big challenge. Bangladesh is a cash-based economy and most of the transactions Bitcoinhappen over cash,” Pathao’s CEO and co-founder, Hussain Elius, told CNBC’s “Street Signs” last week. “However, we are very excited to move into the e-transaction space and just next year, we are launching our own wallet,” he said, adding that switching to e-payments would take time as people are “s...

CSE Shariah Index revised

The CSE Shariah Index has been revised on the basis of performance of the CSE listed companies. The new index will be effective from 10 May 2018. CSE Shariah index is reviewed twice in a year. The new 6 companies which have been included are BDCOM ONLINE LIMITED, EASTERN CABLES LIMITED, MONNO CERAMIC INDUSTRIES LTD, NAHEE ALUMINUM COMPOSITE PANEL LTD., UNITED POWER GENERATION & DISTRIBUTION COMPANY LIMITED and GQ CSE LOgoBALLPEN INDUSTRIES LIMITED. On the other hand, 15 companies i.e. ACI FORMULATIONS LIMITED, AFTAB...

UCB approves 10pc cash dividend

United Commercial Bank Limited (UCB) held its 35th Annual General Meeting on 30 April 2018 at Kurmitola Golf Club, Dhaka presided by Mrs. Rukhmila Zaman; Chairman of the Bank. In the AGM, shareholders have approved 10% Cash dividend for the financial year 2017. UCB Press Release 35th AGM PicturesMrs. Rukhmila Zaman, Hajee Yunus Ahmed and Mr. M. A. Sabur has been re-elected as Directors of UCB and Mrs. Afroza Zaman and Mr. Muhammed Shah Alam have also been ...

Bank Asia holds workshop

Md. Arfan Ali, President & Managing Director of Bank Asia poses with the participants of workshop on “Navigating right attitude & ways for superior performance” at the inaugural ceremony held at Bank Asia Institute for Training & Development (BAITD) at Lalmatia in the FLDP Piccapital city Dhaka on Saturday (28 April 2018). Tanfiz Hossain Chowdhury, Head of Gulshan-2 Branch; K.S. Nazmul Hasan, Head of People Management Division; Azharul Islam, Head of Training, (BAITD) Md. Ashikuzzaman Khan, Head of Lalmatia Bra...

IBBL Jatrabari Branch relocated

Islami Bank Bangladesh Limited (IBBL) Jatrabari Branch has been relocated in Toni Tower Shopping Complex, 33 Shaheed Faruque Sharak, Uttar Jatrabari, Dhaka on 30 April 2018 Monday. Md. Mahbub ul Alam, Managing Director and CEO of the Bank inaugurated the branch in new place as chief guest. IBBL Photo JatrabariAbu Reza Md. Yeahia, Deputy Managing Director and CAMLCO addressed the program as special guest. Presided over by Dr. Muhammad Kamaluddin (Jasim), Senior Vice President and Head of Dhaka East Z...

Robi, Airtel top up service from Singer

Leading digital services provider, Robi, has recently entered into a strategic partnership with Singer Bangladesh, to serve customers visiting Singer’s retail outlets all over the country with Robi and Airtel’s digital services. Robi’s Chief Commercial Officer, Pradeep Shrivastava and Singer Bangladesh’s Managing PictureDirector and CEO, M H M Fairoz recently launched this service at Singer Bangladesh’s Corporate Office located in Gulshan. This strategic partnership will allow all Singer customers to enjoy Robi and Airtel...