Robi's ex-CEO resignation saga exposes cracks in governance
Mobile operator Robi now finds itself deluged with allegations of financial discrepancies surrounding the 2021 resignation of former chief executive officer Mahtab Uddin Ahmed.The resignation at first appeared to be a routine affair, with the company's board accepting the letter from its chief executive three days after its submission on...
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BSEC holds talks to simplify IPO rules, expand direct listing
The securities regulator has embarked on a major overhaul of the country's initial public offering (IPO) regime, aiming to simplify the listing process, broaden direct listing opportunities and attract fundamentally strong companies to the market. The Bangladesh Securities and Exchange Commission (BSEC) on Wednesday held a high-level consultation with key...
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ACI to inject additional Tk 7b into Shwapno
Advanced Chemical Industries (ACI) has approved another massive capital injection into its retail subsidiary, ACI Logistics, reinforcing its long-term strategy to strengthen Shwapno's position as the country's largest organised grocery retail chain.The board of directors on Tuesday approved an investment of Tk 7 billion in ACI Logistics (operator of the...
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BRAC BANK, OTV PARTNER TO EXPANDGREEN FINANCING FOR SMES
BRAC Bank has partnered with OneTrueValue (OTV) to expand access to green financing for small and medium enterprises (SMEs). The partnership comes under the Access to Green Financing (A2GF) for Enterprises - Scale & Innovation programme, supported by the Embassy of Switzerland in Bangladesh. Through the partnership, BRAC Bank will...
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FIRE SAFETY DRILL HELD AT GRAMEEN BANK HEAD OFFICE
A fire safety drill was held at Grameen Bank's head office on Wednesday at the initiative of Grameen Bank, with the aim of ensuring workplace safety and enhancing coordinated capacity in emergency situations. Officers and employees from all levels participated in the drill spontaneously. Grameen Bank Managing Director Sarder Akhter...
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Bangladesh Rural Electrification Board and the Palli Bidyut Samity jointly distributed relief materials
The Bangladesh Rural Electrification Board and the Palli Bidyut Samity jointly distributed relief materials among flood-affected people in Satkania, Chattogram, on Monday.
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