Mr. EmranulHuq re-appointed as Dhaka Bank MD

Dhaka Bank Limited has reappointed Mr. Emranul Huq as the Managing Director & Chief Executive Officer for another 3 years term effective from February 22, 2022. Mr. Huq took over the helm of the bank from his predecessor in February 2020. During his first tenure of 2 years, Dhaka Bank survived the Covid-19 pandemic and came out with brilliant numbers under his leadership. In last couple of years, Dhaka Bank shifted its focus towards tech-based solutions fighting the pandemic and enhanced its capacity in terms of products and services as well as network. Through all sorts of modern facilities, customer base of the bank was enriched with the efficient and performing names in all segments. Dhaka Bank’s foreign trade business jumped from US$ 2.60 billion to US$ 4.25 billion, which is the highest ever in the bank’s history of 26 years. During the last couple of years, Dhaka Bank was awarded with various awards, among which the prestigious was “Best Corporate and Investment Bank of Bangladesh 2021” award under the “Asiamoney Best Bank Bangladesh Award 2021”. Mr. Huq, has more than three decades of professional banking experience, both at home and abroad. Starting his career with Bank of Credit & Commerce International (BCCI) in Dhaka as Management Trainee in 1986, he also worked at Eastern Bank Limited and Credit Africa Bank Limited in Zambia in various capacities before joining Dhaka Bank in 1998. During his long tenure, Mr. Huq served in various key positions with Dhaka Bank, which includes DMD for Business Banking, Branch Manager for various corporate branches of the Bank.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/emranul-huq-re-appointed-as-dhaka-bank-md-1645979186

Renata to take over two subsidiaries

Renata, a listed company, will take over two subsidiary companies with their all assets and liabilities. The company’s board of directors has taken the decision and approved draft scheme of amalgamation unanimously, according to a disclosure posted on the website of Dhaka Stock Exchange (DSE). The amalgamation will be executed as per provisions of Section 228 and 229 of the Companies Act, 1994. The company’s sponsor-directors hold 51.27 per cent shares, institutes 19.43 per cent, foreigners 22.88 per cent and general shareholders 6.42 per cent as on January 31, 2022. The company’s share price closed at Tk 1356.60 each on Sunday with a loss of 0.47 per cent or Tk 6.40 on the DSE.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/renata-to-take-over-two-subsidiaries-1645978925

UK, Singapore sign digital trade agreement

The United Kingdom recently signed a trade deal with Singapore that will help businesses seize new opportunities and lay the ground rules for modern global trade. The UK-Singapore Digital Economy Agreement (DEA) was signed by UK international trade secretary Anne-Marie Trevelyan and Singapore’s minister-in-charge of trade relations S Iswaran, reports fibre2fashion.com. It will strengthen the United Kingdom’s trading relationship with Singapore – worth £16 billion in 2020 – by ending outdated rules that affect both goods and services exporters, making it easier for UK business to target new opportunities in both Singapore and the wider region.

Source: https://today.thefinancialexpress.com.bd/trade-market/uk-singapore-sign-digital-trade-agreement-1645985379