Browse Month

July 2023

Robi sees decent profit amid pandemic

As expected, Corona pandemic ravaged Robi’s financials in Q2’20. Compared to Q1, the Q2’20 revenue declined by 9.5% to reach 1,763 crore taka at the end of the second quarter. Cost optimization drive coupled with pandemic time less customer acquisition and revenue driven cost helped Robi register a profit after tax (PAT) of 58.4 crore in Q2’20.

KEY HIGHLIGHTS – Q2’20
  • Active Subscriber-base: 4 crore 80 lakhs [Representing 29.7% of subscriber market share]
  • Internet Subscribers: 3 crore 22 lakhs internet subscribers [Which is 67% of total subscriber base]
  • Revenue: 1,763 crore taka
  • Earnings Before Income Tax Depreciation and Amortization (EBITDA): 882 crore taka

Jamuna Bank’s 19th AGM held

The 19th Annual General Meeting of Jamuna Bank Limited held on 27.08.2020 through Virtual Platform.

The Meeting was presided over by the Honorable Chairman of the Board of Directors Mr. Fazlur Rahman. Among others, Al-Haj Nur Mohammed, Chairman, Jamuna Bank Foundation, Mr. Md. Belal Hossain, Chairman, Risk Management Committee, Mr. Md. Abdur Rahman Sarkar, Chairman, Audit Committee and other Directors of the Bank were attended the the virtual AGM. Managing Director  & CEO, Mr. Mirza Elias Uddi...

Road mishap needs proper law execution to halt

From birth to death, people have different demands. In an effort to meet these demands, every able-bodied person has to take to  the streets after breakfast in search of their livelihood. The silent road of the night became noisy with the rising sun as the pedestrians were busy in walking and driving. Returning home after work everyone will eat and sleep peacefully, this is the normal rule of life. But sometimes this normality is disturbed by some machine monsters prevailing on the road. The only hope and the member providing food and clothing to the family is suddenly lost in their heartless torture which is never desirable, writes Makama Mahmud Chowdhury

ECNEC okays Tk 1,454cr DPDC project

The Executive Committee of the National Economic Council (ECNEC) approved a Taka 1,454.05 crore project to ensure standard and uninterrupted power supply for the clients of Dhaka Power Distribution Company Limited (DPDC) alongside creating infrastructures for giving additional 1.15 lakh power connections. The approval came from a meeting of the ECNEC with its chairperson and Prime Minister Sheikh Hasina in the chair, reports BSS. The premier chaired the meeting from her official Ganobhaban residence through video conferencing while the concerned ministers, state ministers

Modhumoti Bank signs for new digital platform

Brain Station 23 Limited, the country’s one of the leading and promising homegrown software development and digital services provider company, and Modhumoti Bank Limited have signed an agreement for the development of the bank’s new digital banking platform ‘GO SMART’. Through this partnership the forth generation bank is going to diversify it’s digital banking services and Brain Station 23 is set to strengthen its footprint in the local banking industry and to contribute to the digital transformation of the country’s overall fintech industry. The signing ceremony has...

IBBL Dhaka South Zone BDC held  

Dhaka South Zone of Islami Bank Bangladesh Limited organized Business Development Conference on virtual platform on 23 August 2020, Sunday.

Mohammed Monirul Moula, Additional Managing Director of the bank addressed the conference as chief guest.  Mohammad Ali, Taher Ahmed Chowdhury and Md. Siddiqur Rahman, Deputy Managing Directors of the Bank addressed the conference as special guests. Mohammed Shabbir and Muhammad Sayeed Ullah, Senior Executive Vice Presidents and Dr. Muhammad ...