Essential Drugs Company Partners with MetLife for Employee Insurance

The Registrar of Joint Stock Companies & Firms (RJSC) and the Insurance Development & Regulatory Authority (IDRA) have approved the name change of Eastland Insurance Company from "Eastland Insurance Company Limited" to "Eastland Insurance PLC," effective immediately, according to a press release.

Linde Bangladesh Ltd has declared a 4,100% cash dividend, the highest since its Dhaka Stock Exchange (DSE) listing. This follows a dramatic 4,596.5% increase in profit to Tk 631.68 crore as of July 31, 2024, compared to Tk 13.45 crore the previous year. The earnings per share (EPS) soared to Tk 415.08 from Tk 8.84, mainly due to a capital gain from selling shares of its subsidiary, Linde Industries Pvt Ltd. Net operating cash flow per share (NOCFPS) also rose to Tk 13.19 from Tk 8.38. Linde's share price jumped 17.83% to Tk 1,547.30 after the dividend announcement.

The Financial Institutions Division (FID) has appointed an additional secretary as an observer to address issues at Sonali Life Insurance Company and protect policyholders' interests. The Insurance Development and Regulatory Authority (IDRA) has been instructed to appoint two independent directors to the board, with one serving as chairman of the interim board, contingent on the withdrawal of all writ petitions by the company.

With the ousting of the Hasina administration and a newfound sense of freedom, people from various walks of life have taken to the streets, demanding rights they feel have been denied for years. The pharmaceutical industry is no exception. According to the BIPA President, such protests have not been seen in the sector for over 50 years.

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.