Motorola Partners with Edison Group to Assemble Smartphones

Mutual Trust Bank PLC (MTB) has entered into an agreement with Starpath Holdings Ltd to provide Payroll Banking Services to the latter's employees. The agreement was formalized in a ceremony held at MTB's Head Office in Dhaka on September 3, 2024. This partnership aims to streamline payroll management and offer efficient banking services to Starpath Holdings employees.

IDLC Finance PLC has introduced a new payment option for its customers through a partnership with bKash. This service allows users to pay loan instalments, fees, and charges conveniently via the bKash app. Customers can settle payments for various services including loan instalments, document charges, statement fees, excise duty, late payment interest, and loan processing fees from home.

Investit Asset Management Limited has launched its first open-end mutual fund, "Investit Growth Fund," with an initial size of Tk25 crore. The fund, sponsored by Investit, is backed by a trust deed signed with Sandhani Life Insurance on September 2, 2024. BRAC Bank will act as the custodian. The fund aims to offer superior risk-adjusted returns by focusing on growth stocks, with Tk2.5 crore contributed by the sponsor and the rest from individual and institutional investors.

Shahjalal Islami Bank PLC has signed a remittance agreement with USA-based Placid Express to facilitate cross-border payments. The agreement was signed at the bank's Corporate Head Office, enabling Bangladeshi expatriates to send money safely and quickly to Bangladesh through Shahjalal Islami Bank. Placid Express is a leading provider of remittance services, serving millions of customers globally.

Summit Communications recently faced a reversal of the Bangladesh Telecommunication Regulatory Commission's (BTRC) decision to allow the company to transfer shares without paying a 5.5 percent fee. This decision, initially made in June, came under scrutiny due to Summit's close political ties, including connections to the Awami League leadership. 

Floodwaters in the eastern parts of the country are receding, revealing significant devastation and a need for post-flood support. In response, Banglalink has launched a seven-day "connect and contribute" campaign to help flood-affected communities recover. Through this campaign, for every purchase of Banglalink’s monthly packs priced at Tk 497, Tk 647, and Tk 798, the company will donate Tk 100 to flood victims until September 7, with no extra cost to customers.