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H&M, Pran, IFC join hands to promote renewable electricity in RMG sector

FE Report H&M Group, Pran Group and IFC teamed up to advance the agenda of renewable electricity in Bangladesh's readymade garment (RMG) sector.In this connection, the three organisations signed a memorandum of understanding (MoU) to further renewable electricity uptake in the RMG industry, according to a statement. Energy secretary Muhammad...

ShopUp and Sary merge to form SILQ with $110m US-Saudi investment

ShopUp, Bangladesh's largest B2B commerce platform, and Sary, the leading B2B marketplace and services platform in the Gulf, have merged to form SILQ Group, reports UNB.This merger brings together Gulf & Emerging Asia, creating the largest B2B commerce platform to serve the fastest-growing consumer markets in the region, and across...

Walton wins Excellence in Investment Award

Bangladesh's super brand and tech giant Walton has been honoured with the 'Excellence in Investment Award 2025' for its contribution to significant and impactful investments within the economy of Bangladesh.Bangladesh Investment Development Authority (BIDA) awarded Walton this prestigious recognition under the ESG (Environmental, Social and Governance) category, says a statement.Chief...

MIDLAND BANK SIGNS MOU WITH SPACE TECH & XSPEED AUTOS

MIDLAND BANK SIGNS MOU WITH SPACE TECH & XSPEED AUTOSMidland Bank signed a Memorandum of Understanding (MoU) with Space Tech Holdings Ltd. (SPACETECH) & XSpeed Autos Limited (XSPEED) at the corporate head office of the bank in Dhaka recently. Mohammad Javed Tarek Khan, Head of Institutional Banking Division of Midland...

ADN Telecom partners Telesat

Telesat, one of the world's largest and most innovative satellite operators, and ADN Telecom Limited, a leading telecommunications company, jointly announced a multi-year partnership to deliver Telesat Lightspeed low earth orbit (LEO) connectivity solutions across Bangladesh and South Asia, says a statement.Leveraging over 55 years of satellite operations and engineering...

Akhter Hamed appointed as Grameen Bank MD

Sarder Akhter Hamed has been appointed as the Managing Director of Grameen Bank, says a statement.Prior to his new role, he served as the Chief Operating Officer at Sajida Foundation.Akhter Hamed, who did his Master's in Finance and Banking from Dhaka University, started off his career at British American Tobacco...

NCC Bank provides Echocardiography Machine to Heart Foundation in Feni

NCC Bank provides Echocardiography Machine to Heart Foundation in FeniNCC Bank has recently provided a portable Echocardiography machine to the National Heart Foundation Hospital and Research Institute in Feni as part of its corporate social responsibility. Chairman of NCC Bank Md. Nurun Newaz Salim handed over the Echocardiography machine during...