Carmudi Bangladesh gets new country manager

Carmudi Bangladesh
Carmudi.com.bd, the leading online vehicle marketplace in Bangladesh has appointed Joao Pedro Principe as its new Country Manager, as recently announced by the company.
Pedro, hailing from Portugal, has been the Global Venture Developer of Rocket Internet, posted in Carmudi Bangladesh since February 2015, previously working as a Business Development Advisor, consulting for several renowned Portuguese Start-Ups like B-Parts and Zercatto. With his great abilities and experiences of securing venture capital investment funds, planning international expansion strategies and immense networking skills, Pedro is believed by the company to be ideal for this challenging role of expanding the online buying and selling endeavor here, where Bangladesh is still in the initial stages in regards to accepting the concept of digital marketplaces.
“I am extremely invigorated and excited with my recent commitment with Carmudi. We have arguably the best Car Classifieds platform worldwide and are inarguably the only reliable on-line vehicle marketplace in Bangladesh, making it a unique opportunity and learning journey to secure this position and project Carmudi’s growth in Bangladesh even further to exclusively secure the market.”, said Pedro on receiving this valuable position.
Pedro has already made his mark proving his artistry in networking, which is a great asset in leading a startup company, while settling down in Bangladesh. He is seen modeling for various local brands and working with the multiplex movie theatre industry here, attending several exclusive events and being part of the launch and premiere of many Hollywood movies in Bangladesh. Since his arrival, Carmudi has also closed important partnerships and earnestly improved its business model for the upcoming year, with promised exciting novelties to soon be delivered by the company.
In relation to Bangladesh markets, he exclaimed “I am finding the automobile industry in Bangladesh to be amply dynamic and motivating to work with, so I will be looking forward to further extend our Partnerships in the industry and make Carmudi the number one top-of-mind reference for buying and selling cars. Rocket Internet has a track record of setting up amazing ventures with overwhelming success. It’s great to be a part of this team, learn with our past and recurring experiences, and leverage this perfect environment for success. I see one clear path for Carmudi in Bangladesh: “Shoja, shoja, shaamne!” - Just like I keep telling the Rickshaw Wallas.”.
Carmudi was founded in 2013 and is currently available in Bangladesh, along with operations in Cameroon, Congo, Ghana, Indonesia, Ivory Coast, Mexico, Myanmar, Nigeria, Pakistan, Philippines, Qatar, Saudi Arabia, Senegal, Sri Lanka, Tanzania, United Arab Emirates and Vietnam. The vehicle marketplace offers buyers, sellers and car dealers the ideal platform to find cars, motorcycles and commercial vehicles online. (Source: press release)

Bank Asia hands over higher studies scholarship

Bank Asia
As a part of its corporate social responsibility, Bank Asia has provided higher studies scholarship to 10 meritorious students of Tarail in Kishoregonj district on Saturday (30 May 2015). Mr. M Irfan Syed, Director of the Bank handed over the scholarship money to the students at a function held at Tarail Upazila auditorium. Additional Managing Director of the Bank Mr. Amirul Islam and First Vice President and Head of Branch Mr. Aminul Haque Khan were, among others, present. A large number of people including students, teachers, journalists, businessmen and local elite attended the function.
It may be mentioned that Bank Asia gives scholarships for higher study to the meritorious students in the rural areas, where the Bank has branches. A total of 222 students have been selected for Bank Asia Higher Studies Scholarship for the current year. (Source: press release)
Caption: Mr. M Irfan Syed, Director of Bank Asia is seen handing over scholarship money to one of recipients with the recipients of Bank Asia Higher Studies Scholarship-2014 under Tarail Upazila of Kishoreganj district on Saturday (30 May, 2015). Additional Managing Director of the Bank Mr Aminul Islam and First Vice President and Head of Branch Mr. Amirul Haque Khan are, among others, seen in the picture. (Source: press release)

Meghna Cement declares 15pc cash dividends

Meghna Cement Mills Limited
The board of directors of Meghna Cement Mills Limited (MCML), the manufacturer of King Brand Cement and a sister concern of Bashundhara Group, on Saturday declared 15 percent cash dividends for its shareholders.
The forward-looking management of the MCML announced the dividends for the year ended on December 31, 2014 at its 23nd Annual General Meeting (AGM) held on the factory premises in Mongla Port Industrial Area of Bagerhat.
In a festive manner of the AGM, the Directors’ Report as well as the audited accounts of the company for the year were received and adopted in the AGM.
According to the Directors’ Report, the enlisted company with the capital market, Meghna Cement could secure a net profit of Tk 10.07 crore (after tax). Besides, the company’s Earning Per Share (EPS) is Tk 4.48.
According to the annual report, the company paid Tk 88.73 crore to government exchequer as tax, duty and VAT in 2014 which was Tk 117.93 crore in 2013.
Meghna Cement’s sponsor director Mahaboob Morshed Hasan chaired and also addressed the function as chief guest while independent director Khawaja Ahmedur Rahman and Moynal Hossain Chowdhury, advisor (Treasurer) of Bashundhara Group (BG), AR Rashidi, senior advisor of BG, Engineer AKM Mahbub-Uz-Zaman, deputy managing director of Bashundhara Group (Cement Sector), Mohammad Tawhidul Islam, deputy managing director East West Property Development (EWPD), Major General (Retd.) Mahbub Haider Khan, advisor of BG, Mohammad Abu Tayeb, adviser (press and media) of BG and company secretary Naseemul Hye FCS were also present.
In his welcome speech, Mahaboob Morshed Hasan said “We have been running the company for two decades and we have established it as an established company among the other cement factories in the country.”
Describing company’s journey, he said “The year of 2014 was eventful due of political turmoil which disrupted the country’s economic growth. Despite the political unrest as well as multifarious drawbacks in cement business the company has declared 15 percent cash dividends for its shareholders.”
The number of consumers of cement is not very big in the country, he said adding that the demand of cement would increase if public welfare related infrastructural works start.
He also said, “Our Company would bag more profit and prosperity in future if the shareholders as well as its officials concerned continue their sincere all-out support.”
A large number of shareholders also attended the AGM. Besides, some shareholders also spoke at programme to present their suggestions and impression about the business of the company.
Mohammad Mojammel Haque, one of the shareholders, said, “We are very much impressed that Meghna Cement has declared dividends for us despite political unrest in 2014… we hope that the company will make a handsome profit in the future.”
Another shareholder Towhidur Rahman said “As the brand name is ‘King’ we want our company should stay in the market like king. So my expectation is that the board of directors will work for that.”
The MCML, the first manufacturing enterprise of Bashundhara Group, is one of the largest cement-manufacturing industries in the country.
This enterprise was established in 1992 on the bank of the Pashur river and in the industrial zone of Mongla Port which is connected with all parts of the country through rivers and roads.

The MCML started its commercial operations on January 15, 1996. Following a successful public offerings (IPO), the company was listed in Dhaka and Chittagong stock exchanges in 1995 and 1996 respectively. (Source: press release)

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