PHP Motors Partners with Perodua to Launch Cars in Bangladesh

Sales of heavy-duty trucks and covered vans rebounded in 2024, driven by pent-up demand and fleet replacement cycles, despite economic uncertainties. According to BRTA data, covered van registrations increased by 57% to 2,949 in 2024 from 1,874 in 2023, while truck registrations grew 16.5% to 2,671 from 2,292.

Standard Chartered Bangladesh and Ispahani Islamia Eye Institute & Hospital (IIEI&H) have partnered to establish 71 Eye Health Camps for adults and 1,667 Student Sight Testing Programmes (SSTP) for school children, according to UNB. This initiative will benefit 10,000 adults in Dhaka and 250,000 students across Naogaon, Jamalpur, Barishal, Borguna, and Moulvibazar.

Midland Bank PLC has signed a Memorandum of Understanding (MoU) with "Easy to Europe" and "TripZik Limited" at the bank’s head office. Under this agreement, both organizations will utilize Midland Bank’s advanced online Cash Management solution, Midland Cash Management (MCM), to streamline their daily business banking and cash management activities across the country.

Trust Bank PLC has signed a strategic agreement with bKash Limited to offer payroll banking services for bKash employees. The agreement was signed by Mahboob Hossain, senior executive vice-president of Trust Bank, and Mohammed Ferdous Yusuf, chief human resources officer of bKash, at the bank’s head office in Dhaka, according to a press release.

MJLBD is set to bolster its operations with strategic investments in assets and infrastructure. The company has approved the purchase of a 12-year-old Aframax oil tanker, MT Nissos Delos, for $45.3 million, replacing the aging MT Omera Legacy. The vessel, with a capacity of 115,690 tonnes, enhances MJLBD’s transportation capabilities, as disclosed on the Dhaka Stock Exchange (DSE). Additionally, MJLBD plans to acquire a 209-decimal industrial plot in Shajahanpur, Bogura, valued at Tk 18.81 crore, through Agrani Bank's tender process, paving the way for future expansion.

Guardian Life Insurance Limited and Reliance Insurance Limited have formed a strategic partnership to provide comprehensive life and general insurance services in Bangladesh. CEOs Sheikh Rakibul Karim of Guardian Life and Md Khaled Mamun of Reliance Insurance recently signed a Memorandum of Understanding (MoU).