Connect with us

Corporate

bKash generates Tk70cr profit in March quarter

Published

on

bKash

The country’s leading mobile financial service (MFS) provider bKash has generated Tk70 crore in profit in the first quarter, marking 95% year-on-year growth.

The steady increase in profits can be attributed to the fintech company’s strategic expansion of services, enhanced user experience, and a growing customer base, according to its officials.

They added that it has successfully leveraged technological innovations to streamline operations and offer a diverse range of financial products, from mobile payments to micro-savings and loans.

Moinuddin Mohammed Rahgir, chief financial officer (CFO) of bKash, told the news reporter, “During the early stages, customer-centric fintech companies like bKash with a sustainable business model needed patient capital and a growth mindset. It was a prerequisite to invest in the expansion of technological capabilities, infrastructure, digital literacy, and awareness.”

“bKash remains a textbook example of a company pursuing growth, including the expansion of its service platform, customer acquisition, and maintaining its agent network. Now, steady returns on those investments are bringing revenue growth,” he added.

In the January-March quarter of 2024, the company’s operating profit also jumped over 500% to reach Tk76.22 crore. Besides, its revenue grew by 24%, reaching Tk1,214 crore, compared to the equivalent period of last year.

Meanwhile, the robust growth in profit helped bKash – also a subsidiary of BRAC Bank – offset the accumulated loss after four years, posting Tk15.78 crore as retained earnings in the March quarter.

The financial service provider had been profitable until 2018 since its inception in 2011, but it suffered significant losses between 2019 and 2021.

BRAC Bank holds 51% shares of bKash, while Money in Motion LLC of the US owns 16.45%, Alipay Singapore E-Commerce 14.87%, International Finance Corporation 10.36%, and SVF II BEAM (DE) LLC 7.32% shares.

Share this

Corporate

Sanming University carries out unique winter vacation social practice activity in Southeast China’s Fujian Province

Published

on

China Correspondent: To facilitate a profound comprehension of China’s esteemed traditional culture among international students and teachers and to promote cultural exchanges between China and other nations, Sanming University initiated a distinctive winter vacation social practice program titled “Drawing Wisdom from Classics of Chinese Thought and Telling Chinese Stories Well.”

From January 20 to 21, 2025, the School of Overseas Education (School of Foreign Languages) of Sanming University, in collaboration with the International Cooperation and Exchange Office, organized this event in Youxi County, Sanming City, Fujian Province, China. During the event, the delegation visited Guifeng Ancient Village, the Confucian Temple, the Zhuzi Cultural Garden, and other significant sites to gain hands-on experience and deepen their understanding.

The social practice team arrived at Guifeng Ancient Village in Youxi County on January 20. In the ancient village, the well-preserved ancient structures from the Ming and Qing dynasties are dispersed in an orderly fashion, each one containing a profound historical and cultural heritage. All participants walked along the ancient stone road and had the opportunity to explore traditional landmarks, including the Cai Clan Ancestral Hall and the Stone Seal House. They also gained insights into ancient family culture and architectural techniques. Furthermore, by interacting with the locals, they experienced the unique folk customs of Youxi and enjoyed its distinctive cuisine.

While exploring the ancient dwellings of Guifeng, Makhmudova Mushtariybegim, an international student from Uzbekistan, expressed a deep fascination with the daily life of the past. She shared that experiencing these historical residences firsthand provided her with valuable insights into the living conditions of ancient times. “The traditions here are truly captivating, offering a culture that feels both familiar and new to me,” she remarked.

On January 21, the social practice team visited the Confucian Temple and Zhuzi Cultural Garden in Youxi County. Within the Confucian Temple, all individuals experienced the grave ambiance of Confucian culture and gained a deeper understanding of the ancient education system and its protocols. At the Zhuzi Cultural Garden, they acquired a comprehensive understanding of Zhu Xi’s life, actions, philosophies, and beliefs. Zhu Xi, the preeminent figure of Neo-Confucianism during the Song Dynasty, has had a profound influence on both Chinese and global culture. The international students and teachers attentively listened to the explanations, scrutinized the artifacts, and acquired a comprehensive understanding of Zhu Xi culture.

Cheick Amadou Tidiane Ouattara, a foreign teacher from Mali, described his visit to the Youxi County Confucian Temple and the Zhuzi Cultural Garden with his students as an unforgettable cultural experience. He was deeply impressed by the solemn atmosphere of Confucian culture and gained a greater appreciation for the strictness of ancient Chinese education and etiquette. He also mentioned that the visit provided him with a deeper understanding of Zhu Xi’s life and philosophical beliefs. “Zhu Xi’s Neo-Confucianism had a profound influence on the development of the Chinese nation and extended beyond China. Its contribution to global culture is undeniable, holding a significant place in history,” he remarked.

According to Yu Shuiqing, a teacher at the School of Overseas Education (School of Foreign Languages) at Sanming University, this social practice activity not only enables international students to integrate more effectively into Chinese culture but also offers them a platform to exchange ideas, learn, and showcase themselves. “Sanming University will continue to hold more such activities to promote the exchange and integration of Chinese and foreign cultures, collaborate and cooperatively advance the preservation and advancement of China’s exceptional traditional culture in the future,” she added.

Over 20 teachers and students from Bangladesh, Mali, Nigeria, Indonesia, Mongolia, Uzbekistan, and Russia attended this distinctive winter vacation social practice activity.

Share this
Continue Reading

Corporate

JCI Dhaka West Unveils New Leadership Team for 2025

Published

on

Junior Chamber International (JCI) Dhaka West has officially announced the formation of its new executive committee for the upcoming year, 2025. The organization unveiled this dynamic group of leaders during a recent general assembly held on Tuesday, December 17th in Dhaka.

At the helm of this new committee is Sujaur Rahman Emon, who has been appointed as Local President, poised to lead the chapter into a promising year ahead. Assisting him in steering the organization’s goals is Executive Vice President (EVP) Subah Afrin and Md Imam Hasan, while S M Belal Uddin takes on the role of Immediate Past Local President (IPLP).

Other board members include Vice President (VP) Md Saddam Hossain, Md Tanvir Hasan, and Audrika Eshna Purbasha, Secretary General (SG) Ibrahim Khalil Foysal, Treasurer Md Sameen Rahman, General Legal Counsel (GLC) Jiban Ahmad, Training Commissioner Masud, Directors Daud Mahmud Aovin, Jeba Maliha, Arianul Islam, Shurovy Yeasmin, Ahmed Wazedul Haque Khan, and Md Sabbir Hasan, Executive Assistant to Local President Reyel Ahmed Opu, and Committee Chair Md Robiul Islam, Abdur Rahman Khan Bappy.

Mohammad Mahmudur Rahman, 2024 National Director of JCI Bangladesh and 2023 Local President of JCI Dhaka West, served as the Election Commissioner. Before announcing the new Executive Committee of JCI Dhaka West, the organization’s fourth General Members’ Meeting (GMM) for 2024 was held.

“We will put our full effort into spreading positive impacts through sustainable development initiatives across the nation,” said newly elected Local President Sujaur Rahmaan Emon.

Junior Chamber International (JCI) is a vibrant organization, comprising individuals aged between 18 and 40, known for their unwavering dedication to community service and development. The global headquarters of JCI is situated in St. Louis, Missouri, USA, and its impact extends to over 35 local chapters throughout Bangladesh. JCI Dhaka West proudly stands as the largest and most prominent among these local organizations.

Share this
Continue Reading

Corporate

Arefeen Raafi Ahmed Elected as Deputy National President of JCI Bangladesh

Published

on

Arefeen Raafi Ahmed JCI Bangladesh

The National General Assembly of Junior Chamber International (JCI) Bangladesh, an international organization for young leaders, has formed its new National Executive Committee for 2025. Arefeen Raafi Ahmed has been elected as the Deputy National President of JCI Bangladesh.

The General Assembly took place on Friday, December 6, at Hotel Le Méridien in Dhaka. After the assembly, elections were held to select the president and other executive committee members. The election process was overseen by former JCI Bangladesh President Md. Ziaul Haque Bhuiyan.

Upon being elected as Deputy National President, Arefeen Raafi Ahmed said, “My focus will be on empowering our members. Everyone possesses unique skills, talents, and perspectives that can contribute to JCI’s growth. I am committed to providing opportunities for skill development, mentorship, and networking, enabling each member to reach their full potential within our organization. Together, we can create a positive impact on our community, empower our members, and build a stronger, more connected JCI Bangladesh.”

Arefeen Raafi Ahmed holds a Bachelor’s degree in ICT (Information and Communication Technology) from Western Sydney University, Australia. He is the Executive Director of Techno Drugs Limited and the Managing Director of Pulse Tech Limited, a leading healthcare technology company in Bangladesh. He also serves as the Managing Director of GreenTech Holidays Limited, a travel and tourism-based company. Previously, he served as the Local President of JCI Dhaka Entrepreneurs in 2021, Vice President of JCI Bangladesh in 2023, and Executive Vice President of JCI Bangladesh in 2024. He has also been honored as a JCI Senator.

Junior Chamber International (JCI) is a global organization for young people aged 18 to 40. Headquartered in St. Louis, Missouri, USA, JCI operates in more than 120 countries with over 200,000 members worldwide. In Bangladesh, JCI currently has around 40 local chapters, working to foster personal development among young individuals by enhancing their skills, knowledge, and intellect.

Share this
Continue Reading