IDLC Finance Earns Gold at SAFA BPA

The Bangladesh House Building Finance Corporation (BHBFC) has increased interest rates on all types of housing loans by 1%, effective from January 1, 2024. The new rates range from 8% to 10%, up from the previous 7% to 9%.

BRAC Bank has been awarded the Remittance Award 2024 by the Ministry of Expatriates' Welfare and Overseas Employment for achieving the 4th position in remittance volume among all banks during the fiscal year 2023-24.

Organic Nutrition Limited (ONL), a Bangladeshi company, has entered the U.S. market with its functional food products after receiving approval from the United States Food and Drug Administration (USFDA). These products are now available in U.S. supermarkets and on Amazon USA.

Bangladesh Bank has aligned its recruitment policy with a recent government ordinance, raising the maximum age limit for entering jobs at non-bank financial institutions (NBFIs) to 32. Previously, the age limit for such positions was 30. This change comes after the Ministry of Law, Justice, and Parliamentary Affairs issued an ordinance extending the age limit for direct recruitment in government jobs and related institutions, including autonomous, semi-autonomous bodies, and public corporations, to 32 years.

The 16th edition of the Bangladesh Brand Forum's Best Brand Awards celebrated the accomplishments of 44 brands at a gala event on December 26, 2024, at the Intercontinental Dhaka. A total of 60 awards were given, including the "Overall Top 15 Brands of Bangladesh" and the "Most Emerging Brand."

Mesbah Uddin Ahmed has been appointed as the managing director of IDLC Investments Limited, effective immediately. With over 29 years of corporate experience, including 25 years in banking, Ahmed has held various leadership roles, most recently as deputy managing director and head of retail business at IDLC Finance PLC. He has been with IDLC since 2010, where he made significant contributions, particularly in structured finance and corporate affairs for the Dhaka region.