Favorable ecosystem needed to spur SMEs

Bangladesh needs a favourable ecosystem to give a much-needed boost to the cottage, micro, small and medium enterprise (CMSME) sector with a view to creating adequate jobs and propelling the growth of the country, speakers said yesterday.The budget for the next fiscal year has proposed granting tax exemption to women entrepreneurs on their annual turnover of up to Tk 70 lakh.There are 1.3 crore CMSMEs in Bangladesh, accounting for 35.5 per cent of jobs, said Md Hatem Ali, deputy manager of Young People of ActionAid Bangladesh, during a presentation. In Chattogram, there are around 3,000 women entrepreneurs. Only four of them received the benefit under the stimulus package, said Rebeka Nasreen, a director of the Chittagong Women Chamber of Commerce & Industry.

Source: https://www.thedailystar.net/business/economy/industries/news/favourable-ecosystem-needed-spur-smes-2120221

Premier Bank wins ‘Top-100. Achievements’

The Premier Bank Limited was awarded as winner of “Top-100. Achievements” in economy and business category by Europe Business Assembly, an international association of political, scientific and business leaders from all over the world. Chairman of The Premier Bank Limited, Freedom Fighter Dr. H.B.M. Iqbal has been selected as the winner of the coveted “Manager of The Year” title & medal by Europe Business Assembly, Oxford, United Kingdom.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/premier-bank-wins-top-100-achievements-1624902868

ONE Bank gets new vice chairman

ONE Bank has recently witnessed the appointment of a new vice chairman as well as chairman of its executive committee. The appointee, ZahurUllah, is the chairman of LL Group and managing director of GTEX. He is one of the directors of Holiday Publications.He obtained his bachelor’s degree in finance from the University of Dhaka.

Source: https://www.thedailystar.net/business/economy/banks/news/one-bank-gets-new-vice-chairman-2120137