Dhaka Bank, Agora sign agreement

Dhaka Bank Ltd and Agora Ltd, the first retail chain of the country, signed a payroll banking agreement. Under the deal, the retail chain’s employees will enjoy the bank’s preferential banking facilities and other products and services on preferential terms. The deal will also allow Agora’s employees to choose from a wide range of financial products from profit bearing accounts, including loan facilities at attractive rates and credit cards with lucrative offers. HM Mostafizur Rahaman, executive vice-president and head of retail business division of the bank, and Rezaul Karim, head of finance and accounts of the retail chain, signed the deal at the bank’s head office in Gulshan on Sunday. Among others, Md Mostaque Ahmed, deputy managing director and chief emerging market officer, Mosleh Saad Mahmud, executive vice-president and head of cash management unit of the bank, and Aleya Pervin Leena, head of human resources and admin of Agora, were present.

Source: https://www.thedailystar.net/business/organisation-news/news/dhaka-bank-agora-sign-agreement-3422231

Oil price rises

Oil prices rose for a third straight session on Monday, buoyed by forecasts of a widening supply deficit in the fourth quarter after Saudi Arabia and Russia extended cuts and by optimism about a recovery in demand in China. Brent crude futures rose 71 cents, or 0.8 percent, to $94.64 a barrel by 0622 GMT while US West Texas Intermediate crude futures were at $91.55 a barrel, up 78 cents, or 0.9 percent. Brent and WTI have climbed for three consecutive weeks to touch their highest levels since November and are on track for their biggest quarterly increase since Russia’s invasion of Ukraine in the first quarter of 2022.

Source: https://www.thedailystar.net/business/global-economy/news/oil-price-rises-3422106

 National Life Insurance gets new DMD

National Life Insurance Company Ltd has promoted an assistant managing director (AMD) to the post of deputy managing director (DMD). The promotee, Probir Chandra Das, was also the chief financial officer (CFO) of the company. Mr. Das joined the insurer as CFO in 2015. He started his career in life insurance sector by joining Sandhani Life Insurance. He is a fellow of the Institute of Chartered Accountants of Bangladesh.

Source: https://www.thedailystar.net/business/organisation-news/news/national-life-ins-gets-new-dmd-3422251