Motorola Partners with Edison Group to Assemble Smartphones

LankaBangla Finance PLC and STS Capital Ltd, a subsidiary of STS Group, have collaborated with Mastercard to launch a co-branded credit card tailored for employees, teachers, and guardians associated with the STS education network, which includes Universal College Bangladesh (UCB), International School Dhaka, and Glenrich International School. 

BRAC Bank has partnered with MetLife Bangladesh to provide comprehensive life and medical insurance coverage for over 22,000 employees and their dependents. This agreement aims to protect staff against medical expenses, accidents, disabilities, and loss of life. MetLife was chosen as the insurance provider due to its strong track record in claims settlement, customized solutions, and financial strength, which allows for quicker and hassle-free claims processing.

A recent drive test by the Bangladesh Telecommunication Regulatory Commission (BTRC) across Dhaka, Narayanganj, Keraniganj, and Savar revealed poor performance by mobile operators in meeting service quality benchmarks. Conducted with a new €1.5 million system, the test showed Robi failed in 5 of 40 key performance indicators (KPIs), Grameenphone in 6, Banglalink in 14, and Teletalk in 26. Teletalk was the only operator to fail the BTRC's internet service benchmarks. Call drop rates and call setup times often exceeded regulatory limits, particularly in Keraniganj and Savar.

Mobile phone operator Grameenphone has donated Taka 24.44 crore to the Bangladesh Labour Welfare Foundation Fund, highlighting its commitment to worker welfare and responsible corporate practices. This contribution, which accounts for 10 percent of the company’s Workers Profit Participation Fund (WPPF) for 2023, was presented during a ceremony attended by Labour and Employment Adviser Asif Mahmud Shojib Bhuyain.

United Commercial Bank (UCB) PLC has signed a Memorandum of Understanding (MoU) with Paramount Group to enhance its commitment to product innovation. The agreement, finalized at UCB's head office, will enable UCB to provide an exclusive corporate executive package, specifically payroll banking solutions, tailored for employees of Paramount Group. This partnership reflects UCB's ongoing efforts to develop innovative banking products that meet the unique needs of corporate clients.

The collapse of the Sheikh Hasina-led government, Grameenphone's stock has gained substantial investor interest, increasing its market capitalization by approximately Tk14,000 crore on the Dhaka Stock Exchange (DSE). On August 4, its share price stood at Tk247.20, but it surged over 53% to reach Tk379.20 by August 14, marking a 39-month high.