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Walton CEO’s important trade-related directives amid global crisis

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47 personalities, enterprises get Branding Heroes Award 

Bangladesh’s top electronics manufacturer Walton has honored 47 personalities and enterprises with Branding Heroes Award as recognition of their outstanding contribution in raising sales growth through root-level creative branding under its Digital Campaigns. Coming up with important directives and instructions on trade related issues during the global crisis, Walton Hi-Tech Industries PLC’s Managing Director and CEO Golam Murshed handed over the crest, certificate and crown to the awardees of Walton and Marcel brands. 

The ‘Branding Heroes’ award giving ceremony was held at Walton Corporate Office in the capital on Wednesday evening (August 3, 2022).

The function was attended, among others, by Deputy Managing Directors Nazrul Islam Sarker, Amdadul Haque Sarker, Eva Rezwana Nilu and Humayun Kabir, Walton Plaza Trade’s CEO Mohammad Rayhan, Senior Executive Directors SM Zahid Hasan, Firoj Alam, Tanvir Rahman, Ariful Ambia, Dr. Shakhawat Hossen and Amin Khan, Executive Director Shahiduzzaman Rana.

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A total of 21 Walton and Marcel distributors and Walton Plaza have been awarded for their root-level remarkable branding activation and contribution to the sales growth while 26 employees were honored in different categories for their outstanding performance in branding activities, sales, sales growth, collection, collection growth and receivable growth.

Terming the awardees as ‘extra-ordinary soldiers’, Walton CEO Golam Murshed said: Great achievement comes from teamwork and strong willpower is badly needed to achieve something unique. We can achieve success with hard work in a united way. We need to change ourselves first to bring a collective change in the society.

He said: The world is going through business recession as it encounters inflation and stagflation. Prices of raw-materials and freight cost are high in the global market with the increase of dollar prices. Considering the customers’ financial hardships during this global economic turmoil, Walton has not increased the product prices according to the hike of production costs. Walton is providing products to customers sacrificing the profit as we want everyone in the country enjoys a comfortable life. 

Walton CEO also requested all to be more energy efficient and prevent all kinds of energy wastage at workplaces and homes, saying, personal awareness and little sacrifice in saving energy can be beneficial for all in the society.

Golam Murshed also said that Walton has largest Research and Innovation (R&I) center in Bangladesh to develop products as per the demands and requirement of customers and it has set up another innovation center in South Korea. We are capable of manufacturing and marketing products in accordance with the customers’ needs in our own production plant equipped with the world’s best technology and machineries. New models of products including refrigerators, televisions and air conditioners are waiting to hit the market soon and we hope that this global crisis will be over soon, he added.

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Mudarich Ali Tenu, proprietor of T.R. Electro Mart in Habiganj, one the awarded distributors of Walton, spoke on behalf the of the awardees. He thanked Walton authorities for maintaining a long business relation with them. He said that Walton CEO’s timely instructions will inspire them in running their business.

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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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