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The 8th International Fire Safety and Security Expo 2022 is going to be held in November

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The three-days long 8th International Fire Safety and Security Expo 2022 will be held from November 24 to 26 at the Bangabandhu International Conference Centre (BICC). In view of this event, ESSAB and Bangladesh Fire Service and Civil Defense jointly organized Meet the Press. In the event, Mr. Zahir Uddin Babar, president of ESSAB, highlighted the various activities of ESSAB in front of the journalists. He said that in keeping with the growing development and dynamics of the country, the members of ESSAB are working continuously to ensure the fire safety & security of the overall industry, trade and real estate sector of the country. After that, ESSAB’s senior vice-president, Md. Niaz Ali Chisty, briefed the brave step of ESSAB in the current context of the country.

At the meet the press event, ESSAB Joint General Secretary Zakir Uddin Ahmed highlighted various aspects of this international event. He said that in this expo, products will be displayed in three categories, including fire safety solutions, security solutions and automation.

ESSAB announced that hundreds of world famous brands from 26 countries will participate in this fair. Also technical seminars on four contemporary topics will be held. The participants of the seminar can participate completely free of charge and certificates will be issued among them. 

ESSAB General Secretary M. Mahmudur Rashid invited everyone in the country and outside the country to participate in this international expo to be held in November 2022. He expressed and hopes that this year’s Expo will be successful like every year and will help to ensure the overall safety & security of the industry, trade and service sector of the entire country. He said that through this expo, fire safety and security products will be more accessible to people and will encourage investors and will ensure the overall sustainability. The expo will help to enhance technical knowledge and overall awareness.

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Md. Shahidullah Azim, Vice President of BGMEA, was present at the meet the press event. He said the garment sector is one of the most important sectors of the country. Unexpected fire accidents often occur in this sector and because of this, the loss of factory owners and workers is huge. In the past years, due to maintaining proper compliance by the factories, this loss has reduced significantly. BGMEA’s participation in this International Expo is a proud step. He also said that apart from our garment industry, it is essential to adopt this fire safety solution in other industries as well.

FBCCI Vice President Md. Amin Helaly was also present in this event. He said that we are making strong efforts to implement modern fire safety solutions across the country with BIDA, under the direct supervision of the Hon’ble Prime Minister’s Office, so that no more businesses face fire disasters.

ESSAB expressed gratitude to all members of ESSAB, participating brands, all relevant ministries and departments.

The ‘ESSAB Safety Excellence Award’ is getting special importance with this year’s expo. Those who have ensured proper firefighting system and safety measures in three categories – commercial buildings, residential buildings and industrial plants will be honored with awards. This evaluation will be conducted by an experienced jury board and ESSAB Publicity Secretary Nazrul Islam will be the coordinator.

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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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Banks see rising deposits for higher interest rates

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Bank deposits grew in the third quarter of 2024 as many people were encouraged by rising interest rates to park their money at commercial lenders.

In the July-September period of the previous calendar year, bank deposits rose 7 percent year-on-year to Tk 18.25 lakh crore, with bank branches in rural areas registering higher deposit growth compared to their urban counterparts.

The significant hike in interest rates was a key driver behind the growth in bank deposits, said Syed Mahbubur Rahman, managing director and chief executive of Mutual Trust Bank PLC.

Besides, banks have carried out a lot of campaigns to attract depositors, he added while informing that they expect the uptrend of deposits to continue.

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The weighted average interest rates on deposits rose to 5.88 percent in the July-September quarter last year from 4.55 percent during the same period of the previous year, according to data of the Bangladesh Bank.

But when comparing the April-June quarter, bank deposits declined by 0.73 percent year-on-year due to widespread unrest centring a mass movement that ousted the Awami League government on August 5.

Overall bank deposits stood at Tk 18.38 lakh crore by the end of last June.

Private commercial banks, including Islamic banks, constitute 68 percent of the total deposits at present.

However, the central bank data shows their deposits shrank 0.33 percent to Tk 12.58 lakh crore by the end of last September from Tk 12.62 lakh crore three months prior.

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The crisis ridden Islamic banks recorded the steepest decline in deposits during the July-September period. Meanwhile, state banks closely followed even though both public and private banks saw deposit growth for about one year since the end of September 2023

On the other hand, loans and advances maintained an uptick for four quarters ending with the July-September period of 2024.

Loans and advances increased by 10 percent year-on-year to Tk 16.19 lakh crore by the end of September last year.

Between June and September of 2024, loans and advances to bank borrowers grew by 1.43 percent mainly in urban areas.

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Editor : Jashim Uddin ; Publisher: Rafiqul Alam Address: Bengal Centre (6th floor), 28 Topkhana Road, Dhaka-1000, Bangladesh Ph :+8802-7124586 e-mail:dailyfrontlinebd@gmail.com Copyright © 2020 Daily Frontline. Bangladesh Independent Daily.