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Walton CEO visits ACC Production plant in Italy, exchanges Eid greetings with colleagues

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Walton Hi-Tech Industries PLC’s Managing Director and CEO Golam Murshed has visited the production plant of ACC in Italy. He also exchanged greetings with colleagues on the occasion of Eid-ul-Azha, one of the biggest festivals of Muslims.

The Walton CEO also observed the progress of dismantling work of ACC production plant and the technical training of engineers and technicians along with giving them necessary directives. The Walton employees, who are now in Italy, were very much delighted to have their CEO among them during Eid festival.

Mentionable, ACC is a renowned European electronics brand. Walton Hi-Tech Industries PCL has recently acquired the rights of more than 50 years long-established European brands ACC, Zanussi Elettromeccanica (ZEM) and Verdichter (VOE) along with their trademark in 57 countries, all R&D intellectual properties (patents, design and software licenses) and a fully automated inverter and non-inverter compatible compressor plant.

The dismantling work of the production plant of ACC along with all kinds of machineries and bringing them to Bangladesh from Italy is going on in full swing. A team of more than hundred Bangladeshi engineers and technicians are now in Italy to perform the work successfully and having necessary technical training. The Walton CEO rushed to them to encourage them as they are away from family during the Eid festival. 

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Walton Hi-Tech’s director Tahmina Afrose Tanna, ACC’s R&D Director Raul Bosco Jr., Supply Chain Head Daniela Pierborn, Quality Director Luca Dalla Sega, HR Director Fedricha Magnoler, Walton Hi-Tech’s DMD Alamgir Alam Sarker, Walton Compressor CBO Rabiul Alam Rajib, Executive Director of Compressor R&I Meer Muzahedin Islam were among others present during the visit.  

Walton CEO Golam Murshed said: People usually celebrate Eid with their families and spend the vacation with them. Those who work at Walton are members of this family. Some members of the Walton family are working relentlessly in Italy far away from their dear ones in Bangladesh. I am extremely delighted to exchange Eid greetings with them and share the joy the festival.

He said the work of dismantling of ACC’s compressor production plant is in full swing. At the same time, a group of young Bangladeshi engineers and technicians from Walton are undergoing training in Italy. The overall progress of this work is about 60 percent. This state-of-the-art compressor production plant of ACC is being dismantled in Italy and will be brought to Bangladesh with all machineries and set up here. This move will open a new era in Bangladesh in the manufacturing industry of the most energy efficient compressors with advanced technology.

According to the relevant sources, Walton acquired the rights of the three European brands along with all machineries and intellectual property mainly to provide Bangladeshi customers the products of international brands and targeting the global market. This move will let Bangladeshi buyers have premium quality products and the ‘Made in Bangladesh’ tagged electronics products will get more acceptances in the global market. This will also play an important role in the overall economic progress of the country.

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PriyoShop Secures Top 30 Spot in Prestigious StartUp Wheel Competition

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PriyoShop has taken the Bangladesh flag to new heights by securing a Top 30 spot in Startup Wheel 2025, one of Asia’s most competitive startup competitions in Vietnam, competing against 2,144 startups from 28 countries. With this milestone, Bangladesh has established itself as a significant player in the global startup ecosystem through PriyoShop.

This achievement shows that Bangladesh is growing fast in the digital world and becoming a strong player in retail innovation. PriyoShop stood alongside top startups from countries like Taiwan, South Korea, Malaysia, Singapore, Cambodia, and Indonesia. After six months of tough evaluation, PriyoShop was chosen as one of the most promising international innovators sharing our mission, vision, and real stories about Bangladesh’s retail industry with the world.

Asikul Alam Khan, CEO of PriyoShop, expressed his enthusiasm about the recognition: “This is a significant success for the PriyoShop Team. We have impacted millions of retailers by simplifying the supply chain and empowering them with embedded credit. Through us, Bangladesh will always stand high on the global stage. This recognition provides access to create a global footprint and inspires young entrepreneurs to bring innovative ideas and create international standard startups.”

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As PriyoShop advances, the company remains committed to transforming Bangladesh’s retail landscape while inspiring the aspiring entrepreneurs across the region. The journey from local startup to consistent international recognition exemplifies the potential within Bangladesh’s growing retail sector and demonstrates how innovative solutions can have an impact both locally and globally.

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Bajloor Rashid Elected Chairman, Mezanur Rahman Elected Vice Chairman of Progressive Life Insurance

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In a recently held board meeting of Progressive Life Insurance Company Limited, a renowned listed insurance company in the country’s capital market, Bajloor Rashid MBE, was elected as Chairman and Mezanur Rahman as Vice Chairman.
The formal election took place at the 203rd board meeting of the company held on Sunday, 29 June 2025, for the term 2025-2026.

Bajloor Rashid MBE, is a distinguished and successful businessman and social worker. He is also one of the founding shareholders of Progressive Life Insurance Company Limited. In the early 1980s, he established himself as an ambitious young entrepreneur in the growing catering industry. Notably, from 2006 to 2012, he served successfully as the President of the UK-based association of catering restaurant owners.

On the other hand, the newly elected Vice Chairman, Mezanur Rahman, is an established and successful businessman. He is a founding director and former Vice Chairman of Progressive Life Insurance Company Limited. He holds a degree in Architecture from Leeds Metropolitan University, United Kingdom. He is also actively involved with various humanitarian and social organizations.

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Progressive Life Insurance successfully settles claims totaling nearly Tk 40 crore in 2024

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Progressive Life Insurance Company Limited (PLICL) settled down insurance claims of approximately 40 (forty) crore taka in 2024 which has fortified clients’ confidence on the company. Progressive Life Insurance Company Limited entered 25th year on 6 January 2025. PLICL was founded on 6 January in the year 2000. Discussion programs, slicing a cake, offering dua and a colourful rally were organized to mark the company’s founding anniversary on Monday at PLICL corporate office in the capital. 

The rally moved around different parts of Dhaka city and the officials of the company held a gathering in front of PLICL head office on Monday morning at 10:30 am. 

PLICL Chairman (Acting) M Shoeb Chowdhury joined the 25th founding anniversary celebration virtually as the chief guest. M Shoeb Chowdhury said that the top management of Progressive Life Insurance Company Limited has been able to uphold the dream cherished by expatriate Bangladeshis whose contribution led to the establishment of the company. Shoeb Chowdhury laid emphasis on working with unity and solidarity for the company’s further advancement and to generate many more success stories.

PLICL Executive Committee Chairman Mezanur Rahman , Chairman of Audit Committee Dr. Md. Jamil Sharif, PhD, FCMA and former entrepreneur Prodeep Sen also attended the program. The event was presided over by the company’s Chief Executive Officer (CEO) Md. Saidul Amin. The 25th founding anniversary of Progressive Life Insurance Company Limited was celebrated in 32 districts and divisional offices across Bangladesh. Senior officials of the insurance company expressed hope and determination to transform PLICL into a top notch institution in days to come. The speakers at the program stated that Progressive Life Insurance Company Limited appointed 1200 development officers in 2024 and training courses have been initiated to upgrade their skills.

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PLICL Deputy Managing Director (DMD) Mohammad Hossain Shaheed Suhrawardy, Senior DMD Shahjahan Azadi, Company Secretary Abdullah Al Mansur and Senior DMD Jaseem Uddin Prodhan addressed the program among other dignitaries.

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