Food delivery service ‘FOODANO’ started its journey to deliver the food and grocery items at shortest possible time among the customers. The country’s leading business conglomerates PRAN-RFL Group launched the service through a program held at group’s office at the capital’s Badda on Sunday.
Kamruzzaman Kamal, Director (Marketing) at PRAN-RFL Group and Choudhury Atiur Rasul, Director (Accounts) inaugurated the new venture of the group.
Addressing the program, Kamruzzaman Kamal said, “The busyness of the people are increasing day by day. That’s why they are interested to get ready food items sitting in home. People of the developed countries are collecting ready food items through giving online order instead of cooking food at home. This trend is also increasing in our country. We have taken the initiative considering the demand of customers so that they can collect their favorite food items with shortest possible time.”
Nur Muhammad Rasel, Head of Business at FOODANO said, “Interested people need to download our apps from google play store to get our service. After fulfilling the registration, customers can order food items from their selected shops. Representative of FOODANO will deliver the products within half hour.”
He also added, “We are going the start our service through food and grocery items. Other services will be included considering the demand of customers.”
State minister for information and communication technology Zunaid Ahmed Palak on Thursday said that Barisal would be developed as silicon city which would make a significant contribution in building a smart Bangladesh.
The state minister made the remarks while exchanging views with the newsmen after laying the foundation stone of the IT/Hi-Tech Park at Kashipur Mouza in Barisal in the morning, said press a release.
‘Construction of the park will be completed within the next two years. It will create employment opportunities for 3,000 and training opportunities for 1,000 youths every year,’ he said.
Hoping that the high-tech park will turn Barisal region into a technology-rich city, the state minister said that, ‘The young generation of Barisal will be able to create employment opportunities for others and prepare themselves for employment by developing their talents properly.’
Later, the state minister planted saplings of various medicinal and fruit trees in the yard of the park.
Barisal City Corporation Mayor Serniabat Sadiq Abdullah, Managing Director of Bangladesh Hi-Tech Park Authority Dr Bikarna Kumar Ghosh, concerned officials of ICT department, leaders of different levels of district Awami League were present, among others, at the ceremony.
Under the project of setting up IT or high-tech parks at district level , the hi-tech park in Barisal is being constructed on an area of about 6.5 acres at a cost of Taka 170 crore.
The project taken under the authority of Hi-Tech Park of ICT Department is being funded by the Government of India.
Speakers at a roundtable on Wednesday expressed that the role of insurtech players has to be formalised and boosted to bring about the paradigm shift within the overall insurance sector of Bangladesh.
BASIS organised the roundtable discussion titled “Potential of InsurTech in Advancing Bangladesh’s Economy” at it’s auditorium Karwanbazar in the capital.
Senior officials from the Bangladesh Bank and private banks, non-bank financial institutions, insurance companies and other key stakeholders attended the event. The roundtable discussion was moderated by FidaHaq, Co-Chairman, BASISFinTech Standing Committee.
Masud Rana, Additional Director (BFIU), Bangladesh Bank, stated, “Bangladesh Insurance Development and Regulatory Authority (IDRA) should make necessary amendments to their policies to allow tech companies and insurers to work collaboratively to develop and modify products to provide 4IR based and hassle-free services to customers.”
“To ensure the development of the insurtech industry and to suitably serve end beneficiaries, our roundtable today has proposed a few groundbreaking ideas and suggestions to properly structure and redesign the insurance policies” added Fahim Mashroor, Chairman, BASIS FinTech Standing Committee.
Bangladesh has immense potential in the financial service market, that’s what Fida Haq expressed while touching upon a few key barriers that need to be overcome to bring about the necessary changes required. Participants focused on the insurance gap in Bangladesh of nearly 6 billion USD and a very minimal contribution of the insurance sector - 0.4% to be exact - to the GDP of the country.
Insurance sector in other countries - including the sub-continent - have considerably much more market penetration than Bangladesh.
Thus experts concluded with a few solutions to overcome the dismal situation currently prevailing in the insurtech sector: provision of the insurtech companies with permission to operate as Digital Insurance Agents or to begin with provide an NOC until the insurance act is revised to accommodate them. Secondly, there needs to be significant revision of the existing regulations and mandates as per current market needs.
Padma Bank’s newly appointed Managing Director and CEO Tarek Reaz Khan inaugurated its 59th branch on Wednesday, June 15, 2022. Located at Dynasty Tower in Gulshan-2, this branch will provide state-of-the-art banking services to the customers. Customers will get exclusive services like Priority Banking, Islamic Banking, Women Banking, Student File services and other conventional banking services from the new branch.
Special guests at the inaugural function were Dr. Hasan Taher Imam Vice Chairman of Padma Bank, Tamim Marzan Huda, Chairman of Audit Committee Padma Bank, Shahnul Hasan Khan, Director Padma Bank, Mashrur Arefin, Managing Director and CEO of The City Bank Limited and Vice-Chairman of Association of Bankers Bangladesh (ABB), Syed Rafiqul Haque, Former Additional Managing Director and Chief Business Officer Mutual Trust Bank Limited, President of Mirpur DOHS Council A.K. M Mahfuzul Haque (Retd.) And TMS Director (Finance-2) Md. Abul Bashar Bhuiya.
Managing Director and Chief Executive Officer of the Padma Bank Tarek Reaz Khan, who was the chief guest at the inaugural function, said that the branch has been equipped with the best baking services based on the needs of the customers. Considering the growing demand of the customers, there will be special offers and surprises in this branch of Padma Bank. In addition to the best and modern services, superior priority service, customer locker service have been ensured.
He further said that Padma Bank Limited has recently started the centralization transformation. Centralized bond management was introduced after centralized inward clearing. This increased the transparency of the bank to the customers. In order to ensure the safe banking experience of the customers, bank ensures close monitoring of every single activity now.
Deputy Managing Directors Faisal Ahsan Chowdhury and Zabed Amin, SEVP and Chief Human Resources Officer M Ahsan Ullah Khan, SEVP and Head of RAMD & Law Feroze Alam, SEVP and Head of Corporate Liability Marketing Sabbir Mohammad Sayem, SEVP & CFO Badal Kumar Nath, SVP and Head of Gulshan-2 Branch Mohammad Ahad Ullah and other senior officials of the bank were also present at the inaugural function held for customers.