Dhaka Bank, Ace Autos sign deal

Dhaka Bank and Ace Autos, an exclusive distributor of HAVAL in Bangladesh, recently signed an agreement. Under this agreement on Haval SUV model ranges, Dhaka Bank privilege customers, all cardholders, customers and employees can enjoy special price along with exclusive facilities at Ace Autos, said a statement. H M MostafizurRahaman, SVP & In-Charge, Retail Business Division of Dhaka Bank, and Azharul Islam, CEO of Ace Autos, signed the agreement on behalf of their respective organisations.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/dhaka-bank-ace-autos-sign-deal-1604762218

Jamuna Bank gets new DMD

Mr. Noor Mohammed was appointed as the Deputy Managing Director of Jamuna Bank Limited recently. Prior to joining, Mr. Mohammed was the Senior Executive Vice President & Head of Corporate Business in United Commercial Bank Limited. Mr. Mohammed has around 22 years of experience in banking service and has held senior management positions in different capacities mainly focused on Corporate Banking, Credit Management and Branch Banking.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/jamuna-bank-gets-new-dmd-1604762594

ONE Bank signs deal with Heritage Resort

Recently ONE Bank Limited signed an agreement with Heritage Resort, said a press release. Head of Retail Banking of ONE Bank Limited Md. Kamruzzaman and Managing Director of Heritage Resort Menhazur Rahman signed the agreement on behalf of their respective organisations. Under this agreement, OBL credit, debit and prepaid card holders will enjoy 45 per cent discount on room rent and10 per cent discount on VR Game Zone round the year. High officials of both the organisations were also present on this occasion.

Source: https://today.thefinancialexpress.com.bd/trade-market/one-bank-signs-deal-with-heritage-resort-1604760973

Bank Asia donated blankets to Prime Minister’s Relief Fund for the underprivileged

As part of Corporate Social Responsibility (CSR), Bank Asia donated blankets to Prime Minister’s Relief Fund for the underprivileged people of the country. Ms. RomanaRouf Chowdhury, Director of Bank Asia, handed over a sample blanket to Dr. Ahmad Kaikaus, Prime Minister’s Principal Secretary, at a programme at Prime Minister’s Office recently.

Source: https://today.thefinancialexpress.com.bd/trade-market/as-part-of-corporate-social-responsibility-csr-bank-asia-donated-blankets-to-prime-ministers-relief-fund-for-the-underprivileged-1604760669

India’s new customs rules to take toll on Bangladesh’s exports

A new rule framed by India on determining the country of origin of a product is going to hurt Bangladesh’s exports to India and undermine the efforts to narrow large trade imbalance between the two neighbours, according to two government agencies. The views came after the Indian authority issued a notification termed Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 in August. Following the notification, the commerce ministry sought opinions from the Bangladesh Trade and Tariff Commission (BTTC) and the Export Promotion Bureau (EPB).The move would affect Bangladesh’s exports to India, which enjoyed a $4.68 billion surplus. Bangladesh exported goods worth $1.09 billion to India and imported $5.77 billion worth of goods in the fiscal year 2019-20. The trade gap might increase because of the new rules, the EPB said, calling for initiating diplomatic move and engaging the secretariat of the Saarc.

Source: https://www.thedailystar.net/business/news/indias-new-customs-rules-take-toll-bangladeshs-exports-1991225

Standard Bank gets new DMD

Standard Bank has recently welcomed its new deputy managing director (DMD) who will also serve as the chief operating officer. Mohammad Rafiqul Islam was previously the DMD of BD Finance, according to a press release. He started his career at Dhaka Bank as a probationary officer in 1997 and then went on to world at Standard Chartered and Citi Bank NA.

Source: https://www.thedailystar.net/business/news/standard-bank-gets-new-dmd-1991185