Most non-member apparel units ship to non-traditional markets
The majority of Bangladesh's export-oriented garment factories not affiliated with any of the apex trade bodies in the sector ship products to non-traditional markets mainly because of less compliance requirements from buyers.Industry insiders say most of these "non-member" units sub-contract their work, a practice that allegedly lacks oversight nationally and...
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Guardian Life settles over 150,000 claims in 2024
Guardian Life Insurance Limited settled over 150,000 insurance claims in 2024. The company has been able to win the trust of its customers by efficiently settling 95 per cent of claims within only three working days and over Tk 2.41 billion were paid out for 36,000 death claims, says a...
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UCB achieves over Tk 13b in deposit growth in February
United Commercial Bank (UCB) has achieved a savings growth of over Tk 13.32 billion in just 20 working days of February. This net deposit growth is a testament to the renewed trust of customers in the bank, says a statement.Regarding this unprecedented success, Mohammed Mamdudur Rashid, Managing Director and CEO...
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Asian LNG spot prices at 10-week low amid comfortable storage
LONDON, Mar 2: Asian spot liquefied natural gas (LNG) prices fell further last week to its lowest level in 10 weeks, tracking Europe's bearish gas price momentum and amid weak demand due to comfortable levels of storage.The average LNG price for April delivery into north-east Asia was at $13.50 per...
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Power ministry launches campaign to use ACs at 26°C to save power
The Power and Energy Ministry has launched a motivational campaign urging people to set their air conditioners to 26 degrees Celsius in order to keep the electricity demand at a manageable level, reports UNB.As part of the campaign, Energy Adviser Dr Fouzul Kabir Khan visited the Circuit House Mosque at...
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Islami Bank launches month-long campaign
Islami Bank Bangladesh PLC launched a month-long campaign titled 'Savings for Welfare' along with two new products -- the Digital Daan (Donation) Box and the Mudaraba Umrah Savings Scheme -- at Islami Bank Tower on Sunday. Obayed Ullah Al Masud, chairman of the bank, was present as the chief guest...
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BRAC BANK ONBOARDS TALENTS FOR BRANCH BANKING
BRAC Bank has appointed 35 management trainees for its branch operations through its signature Talent Onboarding programme, namely Young Leaders. This recruitment is part of BRAC Bank's strategy to expand the Branch Distribution Network through branches and sub-branches across the country. The new batch was welcomed at an induction ceremony...
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ONE BANK OPENS 48TH SUB-BRANCH AT KAFCO CENTRE
ONE Bank formally inaugurated its 48th sub-branch at KAFCO Centre under Anowara Branch in Chattogram recently. Md Zahidul Islam, Executive Vice President & In-charge of Operations Division; Mohammad Shahid Ul Haque, Executive Vice President & Head of Retail Banking Division; Abdus Salam, Senior Vice President & Head of SME Business;...
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