Ahmed Akbar Sobhan Awarded Person of the Year

Bashundhara Group Chairman awarded Person of the Year

Ahmed Akbar Sobhan, Chairman, Bashundhara Group, has been awarded the prestigious AsiaOne Person of the Year (POY) for being one of the most prominent personalities in the region as well as around the world.

A Bashundhara Group official received the award at a ceremony held at a summit of the 11th Edition of Asian Business and Social Forum and Indo–UAE Business & Social Forum 2018–19 at J W Marriott Hotel in Dubai on Wednesday night.

The Summit was organized by AsiaOne magazine and URS Media, which is rapidly emerging as the Number 1 international media company towards the cause of business, political and social issues in the entire Asia & GCC region.
Bashundhara Group Chairman Ahmed Akbar Sobhan has also won the World’s Greatest Brands 2018-19 Award in the same event.

AsiaOne Person of the Year, a prestigious annual selection of the most prominent personalities globally, is entirely made of those who have really made an indelible mark for other leaders to follow and generations to admire.

Only par excellence leaders from across the world worthy of being selected as AsiaOne Person of the Year 2018–19, and only 11 exclusive “AsiaOne Person of The Year” were felicitated at the Summit for their special work in the industry and society.

Others who got AsinaOne Person of the Year Award are Dr GSK Velu, Chairman and Managing Director of Trivitron Group, India; Dr P Shyama Raju, Chancellor of REVA University; Dr Hema Divakar, Chairperson of Divakars Specialty Hospital, India; Mir Nasir Ali Khan, Managing Director of MAK Projects, India; Dr Satyajit Kumar Singh, Managing Director of Ruban Memorial Hospital, India; Ashish Shah, CMD of Shree Balaji Group, India and Lal Chand, Founder of LC Well DMCC, UAE.

Other recipients of the World’s Greatest Brands 2018-19 Award are Vamsi Maddipatla, Chief Executive Officer of Therapiva Pvt Ltd, India; Siddhant Anand, Director of BLAU, India; R Archana, Managing Director for San Academy Group of School; Dr Mohammed Salem Omaid and Samrat Dutta of Azizi Bank; Amol Jadhav, Co-Founder and Managing Director of 361 Degrees Design Solutions LLC; Leena Parwani, CEO and Managing Director of LPH Financial Services; Michael Wunsch, Managing Director of Barakat Quality Plus, and Santosh KS, General Manager Barakat Quality Plus; Dr Dushyanth Paul, Director of FMS Dental, India; and Shitij Kapoor, Managing Partner for Gr8 Homes.

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Ahmed Akbar Sobhan Gets India’s Businessman Icon of the Year Award

NEW DELHI: Bashundhara Group Chairman Ahmed Akbar Sobhan has been accorded India’s prestigious Businessman Icon of the Year Award.

On behalf of the Bashundhara Group Chairman, Bangladesh Pratidin Editor Naem Nizam received the award on Tuesday night at a function arranged for distribution of the Indian Retail Award and Indian E-Retail Award 2019.

Franchise India organised the event at JW Marriott Hotel in New Delhi. Twenty business giants of India, including Reliance Technology, Adidas and Raymond, also got the award.

In a reaction, Naem Nizam told Indian journalists, “Bashundhara Group is the largest business conglomerate in Bangladesh. The Group is leading the country’s real estate sector.”

He said, “Bashundhara Group is number one in terms of investment in the country’s industrial sector. The group is also playing a leading role in media through huge investment.”

“I think the honour given to the Bashundhara Group Chairman will help strengthen business relations between Bangladesh and India,” he also said.

Bangladesh Pratidin Editor said Bashundhara Group Chairman is working to boost business ties between the two neighbouring countries.

Bashundhara Group Chairman is playing a vital role in socio-economic development in Bangladesh. He is the largest investor and most successful businessman in the country,” he added.

Different industrial establishments, business activities and development works of Bashundhara Group were highlighted through video projector during the award-giving ceremony.

The audience clapped and cheered while they were watching the video projection.

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Ahmed Akbar Sobhan and Sanjay Dutt were in the Logo Unveiling Ceremony of Bangabandhu Cup Golf Open 2019

The logo unveiling ceremony of ‘Bangabandhu Cup Golf Open 2019’ of Asian Tour was held at Kurmitola Golf Club (KGC) in Dhaka on Thursday.

For the first time in the history of Bangladesh Golf, the Asian Tour Golf event has been named after Father of the Nation Bangabandhu Sheikh Mujibur Rahman.

Chief of Army Staff General Aziz Ahmed who is also Bangladesh Golf Federation President was present as the chief guest during the logo unveiling ceremony.
Bashundhara Group Chairman Ahmed Akbar Sobhan and Vice-Chairman Safwan Sobhan Tasvir were present at the function as the special guests.

Bashundhara Group, country’s largest business conglomerate was the title sponsor of the international professional golf event in the three previous editions.

Bollywood superstar Sanjay Dutt graced the event as the main attraction at the programme.

The tournament was earlier known as Bashundhara Bangladesh Open.

Singaporean golfer Mardan Mamat capped the first Bashundhara Bangladesh Open title in 2015 whereas Thailand’s Thitiphun Chuayprakong won the 2nd Bashundhara Bangladesh Open in 2016. Thailand’s Golfer Jazz Janewatta-nanond clinched the 3rd Bashundhara Bangladesh Open in 2017.

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Bangladesh Pratidin 10th Anniversary Celebration with Ahmed Akbar Sobhan

Bangladesh Pratidin 10th Anniversary Celebration with Ahmed Akbar Sobhan

Bangladesh Pratidin, the highest-circulated newspaper in the country, celebrated its ninth founding anniversary amid colorful programmes at International Convention City Bashundhara (ICCB) in the capital on Saturday.

On the occasion, five eminent personalities were honored for their outstanding contributions to their respective fields.

Well-wishers and readers of the daily attended the programmes and shared the joy of the daily’s success in the last nine years.
The presence of a galaxy of personalities, including ministers, politicians, academics, celebrities, businesspersons, media personalities and other members of civil society adorned the event.

Attending the programme as the chief guest Speaker Dr Shirin Sharmin Chaudhury said: “Bangladesh Pratidin reflects the views of all people across the country. The newspaper has won the people’s heart by providing authentic news regularly”.

She urged the newsmen to pursue constructive journalism and uphold the democratic value in the country.

“Besides practising objective journalism, media can play a vital role in upholding the country’s image through projection of its culture, traditions, history and heritage,” she said.

The Speaker appreciated the role of the newspaper in raising social movement against all the evils in the country.

Bashundhara Group Chairman Ahmed Akbar Sobhan said Bangladesh Pratidin along with other media outlets of East West Media Group (EWMGL) upholds the sprits of glorious liberation war and independence.
“We project positive and success stories of Bangladesh across the world by means of media. Once a section of people termed Bangladesh bottomless basket, but now the country is rapidly moving towards development, proving the statement false,“ he said.

The Bashundhara Group chairman urged all the media outlets to present the glorious history of the country’s liberation war and independence to the members of young generation so that they become inspired by a sense of patriotism to work in the greater interest of the country.

Distinguished guests, eminent personalities, well-wishers and readers started to arrive at ICCB from morning.

Bangladesh Pratidin Editor Naem Nizam received the floral wreaths from the guests and well-wishers of the daily. Shaban Mahmood, special correspondent of the newspaper, moderated the event.

In presence of Bashundhara Group Chairman Ahmed Akbar Sobhan, Speaker Dr Shirin Sharmin Chowdhury handed over awards to the five noted personalities.

Dhaka North City Mayor (DNCC) Atiqul Islam and Dhaka South City Mayor (DSCC) Sayeed Khokon were on the stage along with Bangladesh Pratidin Editor Naem Nizam, Kaler Kantho Editor Imdadul Hoque Milon and Daily Sun Editor Enamul Hoque Chowdhury.

DNCC Mayor Atiqul Islam urged the journalists to raise a social movement for creating awareness among the city dwellers so that they are inspired to practise basic cleanliness for keeping the city clean.

DSCC Mayor Sayeed Khokon appreciated the role of Bangladesh Pratidin for creating social awareness among the people about different issues in the country.

Bangladesh Pratidin Editor Naem Nizam said: “We do journalism to stand by the people of the country. We uphold the sprit of glorious liberation war in our news, views and contents. Bangladesh Pratidin committed to project positive Bangladesh.”

The five personalities the newspaper authorities awarded are poet Shamsur Rahman (posthumously), singer Sabina Yasmin, actress Sarah Begum Kabari, actress Farida Akhtar Babita and television personality Hanif Sangket.

Tiya Rahman, daughter-in-law of poet Shamsur Rahman, received the award on behalf of her late father-in-law while actress Champa received on behalf of Babita.

Actress Sarah Begum Kabari said Bashundhara Group has been contributing to social development greatly through its media outlets.

“The business group also can come forward to develop the film industry by producing movies and establishing Cineplex across the country,” the actress said.

Singer Sabina Yasmin appreciated the decade-long journey of the newspaper, which, she said, is satisfying the needs of the readers across the country.

Television personalities Hanif Sangket said Bangladesh Pratidin has been disseminating trustworthy news every where from makeshift houses to high-rise buildings in the city.

Housing and Public Works Minister SM Rezaul Karim, Youth and Sports State Minister Zahid Ahsan Russel, Water Resources Deputy Minister Enamul Haque Shamim, Prime Minister’s former Media Advisor Iqbal Sobhan Chowdhury, Election Commissioner Mahbub Talukder also attended the programme on the day.

Former President AQM Badruddoza Chowdhury, Awami League Acting General Secretary Mahbubul Alam Hanif, Joint Secretary Jahangir Kabir Nanak, Bangladesh Nationalist Party (BNP) Secretary General Mirza Fakhrul Islam Alamgir, BNP’s other senior leaders Abdul Moyeen Khan and Zafrullah Chowdhury, Jatiya Party Secretary General Mashiur Rahman Ranga, party President’s Advisor Ruhul Amin Howlader and Jatiya Samajtantrik Dal General Secretary Shirin Akhter also wished the newspaper authorities on the occasion.

EWMGL’s newspapers’ Publisher Maynal Hossain Chowdhury, Kaler Kantho Executive Editor Mostofa Kamal, Television channel News 24 In-charge Hasnain Khurshid, Head of News Shahnaz Munni, Current Affairs Editor Samia Zaman and Banglanews24 Consultant Editor Juwel Mazhar were also present on the occasion.

From business arena, FBCCI former President AK Azad, BGMEA President Siddique Rahman, America Bangladesh Chamber of Commerce President Atiqur Rahman, Prayas Group Managing Director Pradyut Kumar Talukdar also attended the programme.

Among cultural activists, singer Kumar Bishwajit, actor Shahidul Alam Shacchu and Siddiqur Rahman and actress Bonna Mirza were centre of attraction of the audience.

From journalist community, Dhaka Journalist Union President Abu Zafar Surja, Dhaka Reporters Unity President Ilius Hossain, General Secretary Kabir Ahmed Khan were present at programme.

Among the awardees, Poet Shamsur Rahman, a key figure in Bengali literature, started off with his first book Prothom Gaan Ditiyo Mrityur Aage hit the Bangla literature in the 60s. His masterpiece Bandi Shibir Theke tells the stories of the country’s glorious liberation movement.

Acclaimed singer Sabina Yasmin is one of the key figures in Bangla music. She is renowned for her patriotic songs as well as her playback singing. She has recorded around 12,000 songs so far. Sabina received numerous awards, including the Shadhinota Padak and Ekushey Padak.

Film star Sarah Begum Kabari vibrated the silver screen for two decades after her debut in the film industry through Subhash Dutta’s Sutarang in 1964. Afterwards, she continued gaining minds of people through her works in Heeramon, Maynamoti, Chorabali and Titas Ekti Nadir Nam. Kabari received many awards, including the Bangladesh National Film Award for Lifetime Achievement.

Legendary actress Farida Akhter Bobita came into light through Satyajit Roy’s film Ashani Sangket. Thereafter continued acting in more than 250 films. She was honoured with National Film Award in 2018 for her outstanding contributions to the film industry.

Hanif Sanket has a special identity in the country’s cultural arena for picking out the unsung heroes of the society through his popular television programme Ittyadi. Sanket was awarded the Ekushey Padak in 2010.

Earlier on March 14 evening, the newspaper started celebrating its anniversary through cutting a cake at its office on EWMGL premises.

Bangladesh Pratidin started its journey on March 15, 2010, as a venture of East West Media Group Limited, the media wing of Bashundhara Group, a leading business conglomerate in the country.

In its decade-long journey, the newspaper has gained popularity among readers in the country and across the globe. The newspaper is also being published from Europe and America.

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Ahmed Akbar Sobhan Honoured with Agrani Bank Award

Bashundhara Group Chairman Ahmed Akbar Sobhan was honoured with valued customer award by Agrani Bank for his contributions to various fields, including repayment of loans before the deadline.

Senior Deputy Managing Director (DMD) of Bashundhara Group Md Belayet Hossain received the award from Finance Minister AHM Mustafa Kamal on behalf of the Bashundhara Group chairman at the annual conference of the state-run bank at a city hotel on Thursday.

Bashundhara Group General Manager (banking) Md Razib Samad was also present at the function.

A total of 16 eminent personalities, including Prime Minister Sheikh Hasina, were honoured with the valued customer award by Agrani Bank.

The other awardees are Finance Minister AHM Mustafa Kamal, Apex Group chairman Syed Manzur Elahi, City Group chairman Fazlur Rahman, Nitol-Niloy Group chairman Abdul Matlub Ahmad, North-West Power Generation Company Limited Chief Executive Officer (CEO) Engr. A.M. Khurshedul Alam, Pran Group’s director Ujma Chowdhury, Noman Group chairman Md Nurul Islam, Bangladesh Services Limited Managing Director Md. Ayub Hossain, BSRM chairman Alihussain Akberali, PHP family chairman Al-haj Sufi Mizanur Rahman, Standard Bank chairman Kazi Akram Uddin Ahmed, Prime Group Chairman Mohammed Abdul Awal, SME entrepreneur Nurun Nahar Begum and importer Mohammad Shahjahan.

Bangladesh Bank Governor Fazle Kabir, Finance Ministry senior secretary (Bank and Financial Institutions division) Md. Asadul Islam, Agrani Bank Chairman Dr. Zaid Bakht, Agrani Bank Managing Director and CEO Mohammad Shams-UL Islam, were, among others, present on the occasion.

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Ahmed Akbar Sobhan Wants to Keep their Footprint in all Countries across the World

Bashundhara Group Chairman Ahmed Akbar Sobhan said on Saturday that they want to keep their footprint in all countries across the world through exporting their paper products.

Bashundhara Group will keep its footprint in all countries through exporting its paper products,” he said while addressing the Bashundhara Paper Annual Dealers’ Conference 2019 in the capital.

He said once Bangladesh used to import paper from different countries, including China, Sweden and India, but now it is exporting paper to many overseas markets.

Bashundhara Paper Mills Limited and Bashundhara Multi Paper Industries Limited organised the conference at the residence of Bashundhara Group Vice-Chairman Safwan Sobhan Tasvir in Bashundhara residential area.

Safwan Sobhan Tasvir, Bashundhara Group Director Yeasha Sobhan, Senior Deputy Managing Director (DMD) Belayet Hossain, DMD Md Mostafizur Rahman, Chief Financial Officer Mirza Mujahidul Islam (Sector-C) and Head of Sales (Paper) Md Masudur Rahman were present at the conference.

Bashundhara Paper awarded crests and souvenirs to top 10 dealers at the conference. Three of them got Dhaka-Bali-Dhaka air tickets.

The winners are M/S Yousuf Enterprise, M/S Mohammadia Paper House, M/S Ahmed Trading Corporation, M/S Monorom Trading, M/S Universal Traders, M/S Sky Traders and M/S National Paper House from Dhaka, M/S Kagoj from Rangpur, M/S Rangunia Store from Chattogram and M/S Samrat Store from Khulna.

Ahmed Akbar Sobhan said, “We believe that the people working with Bashundhara Group are members of our family. Our family bonding is the main inspiration behind this massive progress of our business which began in 1987.”

“The owner of a tiny shop beside a road in a rural village is also a member of our family as he [the owner] is contributing to flourishing of our business by selling Bashundhara products,” he added.
He said Bashundhara Group has achieved trust and love from consumers through maintaining the utmost quality of its products. “We started our tissue business, producing only one tonne a day. Today, the production has crossed 200 tonnes.”

The Bashundhara Group chairman said, “From my childhood, I used to see piles of wasted paper in Old Dhaka. That time, businessmen had to wait two to three months to purchase a tonne of paper from Khulna Newsprint Mills or Karnaphuli Paper Mills. This crisis inspired me to set up a paper mill. Today, we have 13 machines in our industry. The number will increase in the future.”

He highlighted the economic development taking place in the country and said every individual has been benefiting from the development.

Quoting the finance minister, Ahmed Akbar Sobhan said, “The GDP growth of the country will increase to 8.25 percent this fiscal year from 7.65 percent in the last FY.”

In reply to a question from a paper dealer, he said, “Bashundhara Group won’t take part in the traditional rat race like other business organisations in the country.”

He mentioned that mega projects, including Padma Bridge and Rooppur Nuclear Power Plant, are being constructed by using Bashundhara Cement. “It has been possible only because of our product quality, not quantity.”

Ahmed Akbar Sobhan said the quality of Bashundhara paper is higher not only than other companies in Bangladesh, but also the foreign companies. Many companies from India are importing Bashundhara paper due to its good quality, he added.

Describing the paper market as very competitive, he said Bashundhara Group launched its business as the first private paper mill in the country. “Today, the number of paper mills stands at 106, but it is very challenging to make it sustainable. Around 70 mills have been shut down as it’s a very capital-intensive business.”

He announced that he will award 5 katha, 4 katha and 3 katha of plots in Bashundhara residential area in the capital to top three Bashundhara paper dealers.

“It’s a dream of all family to be the owner of a plot in Bashundhara R/A for its idyllic beauty. I want that my family members will live in Bashundhara R/A after winning a plot. That will definitely strengthen our bonding,” he said.

Speaking at the event, Bashundhara Group Director Yeasha Sobhan said Bashundhara Paper Mills Ltd started its journey 25 years ago with a single unit. Today it has three units apart from Bashundhara Multi Paper Industries Limited unit.

Referring to Bashundhara Paper Mills receiving super brand award, she said the success has come due to the leadership of Vice-Chairman Safwan Sobhan.

In his speech, Bashundhara Group DMD Md Mostafizur Rahman said once the country used to import paper from India, now many Indian companies are importing Bashundhara paper due to its quality.

He said Bashundhara Paper Mills produces various paper products includes Art paper, security paper and currency paper.

Masudur Rahman welcomed the dealers and highly appreciated their efforts in achieving the targets last year.

He analysed the future challenges and ways to face them to achieve the target.

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Ahmed Akbar Sobhan speaks at the launching ceremony of the Daily Shomoyer Alo

Play active role in fight against graft, drugs

Bashundhara Group Chairman Ahmed Akbar Sobhan has urged the newsmen and media houses to play an active role in fight against corruption, drug abuse and other crimes to facilitate uninterrupted economic growth of the country.

He made the call while speaking at the launching of a Bengali newspaper — The Daily Somoyer Alo — sponsored by Amin Mohammad Group at Bangabandhu International Convention Centre in the capital on Saturday.

The Bashundhara Group chairman said journalists should highlight the spirit of the liberation war and deep patriotism and push country’s development ventures forward.

“Newspapers and television channels need to highlight the positive steps of the government and criticise mistakes, if any, to rectify the policymakers,” he said.

Terming the press the fourth estate, Ahmed Akbar Sobhan said media outlets will have to maintain professionalism so that their news items are regarded as the mirror of the society.

He said the news outlets under East West Media Group Limited (EWMGL), a concern of Bashundhara Group, propagate the spirit of liberation war and communal harmony, and highlight the country’s development thrust, maintaining objectivity in journalism.

“There is a misconception that a media house cannot be popular without running anti-government reports. Journalists will have to focus on economic development, drug abuse and other burning issues,” he said.

Home Minister Asaduzzaman Khan Kamal attended the event as the chief guest. Amin Mohammad Group Chairman MM Enamul Haque presided over the function.

Terming newspapers the mirror of the society, the home minister urged journalists to work for the people and country through their work.

“Journalists can point out the mistakes of the government, if any, to leave a scope for the policymakers to be corrected. Journalists can help the government implement development projects,” he added.

State Minister for Shipping Ministry Khalid Mahmud Chowdhury, State Minister for Disaster Management and Relief Dr Md Enamur Rahman, Somoyer Alo Editor Rafiqul Islam Ratan, Daily Observer Editor Iqbal Sobhan Chowdhury, were present, among others, at the function.

Former information minister Abul Kalam Azad, former minister and Jatiya Party leader Ruhul Amin Hawlader, Awami League lawmaker Sagufta Yasmin Emily, Magura Group Chairman Mustafa Kamal Mohiuddin, Rupayan Group Chairman LA Mukul, and Amin Mohammad Group Deputy Managing Director Md Ramzanul Huq Nihad also joined the event.

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BICL Sign a Syndicated Term Loan Agreement with Bank Asia

Ahmed Akbar Sobhan, Chairman of Bashundhara Group, Safwan Sobhan, Vice Chairman of Bashundhara Group, Md. Arfan Ali, President & Managing Director of Bank Asia Ltd and other top executives of the participating lenders are seen at the signing ceremony held recently. Bank Asia as Lead Arranger & Agent arranged the signing ceremony for syndicated term Loan of Tk. 2,850 million for expansion project of Bashundhara Industrial Complex Ltd. to be located at Modongonj, Narayangonj with the project cost estimated at Tk. 4,475 million

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Ahmed Akbar Sobhan urged the government to reduce the rates of interest on savings instruments to help banks

Bashundhara Group Chairman Ahmed Akbar Sobhan on Thursday urged the government to reduce the rates of interest on savings instruments to help banks and other financial institutions offer loans at single-digit interest rates.

“Bankers and businesses want single-digit interest rates. I request the government to reduce the interest rates on savings tools. Otherwise, banks will not be able to provide loans at single-digit interest rates,” he said.

The chairman of country’s largest business and industrial conglomerate made the call at a ceremony arranged to sign the agreement of a syndicated loan facility at a city hotel.
Under the agreement, Bank Asia, lead arranger of the syndicated loan, and four other lenders sanctioned a term loan facility of Tk 2.85 billion (285 crore) in favour of Bashundhara Industrial Complex Ltd for expansion of its cement plant at Madanganj in Narayanganj.

The total cost of the project has been estimated at Tk 4.47 billion.

Bank Asia, one of the fastest growing banks in private sector, is the lead arranger and agent of the loan. The other lenders are state-owned Janata Bank Ltd, Pubali Bank Ltd, NRB Bank Ltd and Uttara Finance and Investment Ltd.

Bashundhara Group Chairman Ahmed Akbar Sobhan, Bank Asia President and Managing Director Md Arfan Ali, representatives from the participating lenders signed the agreement on behalf of their respective organisations.

Janata Bank CEO and Managing Director Md Abdus Salam Azad, Pubali Bank Managing Director Md Abdul Halim Chowdhury, NRB Bank Deputy Managing Director Md Khurshed Alam and Uttara Finance Managing Director SM Shamsul Arefin were the other signatories.

Bashundhara Group Vice-Chairman Safwan Sobhan and high officials of different banks were also present on the occasion.
Speaking at the ceremony, the Bashundhara Group chairman said around 60 banks have been operating and contributing to the national economy. “Private banks are extending loans aggressively and it seems that they will continue their efforts in the coming days,” he said.

Ahmed Akbar Sobhan urged the banks and other lending agencies to examine details of the loan seekers before lending so that the lenders do not need to run before them after extending loans.

“We always talk about classified and defaulted loans. If any loan gets classified or defaulted, it puts pressure on the entire business community,” he said.

He said Bashundhara Group has been doing business for the last 30 years, but never defaulted on any loan.

Thanking the banks for their wholehearted support during Bashundhara Group’s business journey, Ahmed Akbar Sobhan said banks have contributed the most for the today’s position of Bashundhara Group.

“Bashundhara Cement ensures quality and strength. Bashundhara Cement has been used in major projects of the country and we hope the cement brand will contribute to upcoming projects too, he added.

Talking about the tourism sector, the Bashundhara Group chairman said they are planning to contribute to the tourism sector as there is huge prospect of the industry in the country.

“We’re planning to establish a couple of theme parks in tourism city Cox’s Bazar,” he said.

Bank Asia Managing Director Arfan Ali said the expansion of Bashundhara Cement factory will increase its annual production up to 3 million tonnes from existing 2.1 million tonnes.

Shedding light on the present scenario of country’s cement sector, he said average yearly per capita cement consumption is average 500 kgs in the world while it is around 120 kgs in Bangladesh.

“Currently the total estimated annual sale of cement in Bangladesh is around 32 million tonnes. Therefore, there is a huge potential of growth of the sector,” he added.

Arfan Ali also said Bank Asia has long been closely associated with Bashundhara Group and arranged three syndicate loan facilities for the group.

Top officials of different units of Bashundhara Group were also present at the signing ceremony.

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Bashundhara Group chairman felicitates LOAB president

Bashundhara Group Chairman Ahmed Akbar Sobhan on Sunday extended felicitation to noted businessman Azam J Chowdhury for being elected President of LPG Operators’ Association of Bangladesh (LOAB).

LOAB is a body representing companies which deal in liquefied petroleum gas (LPG) in the country.

East Coast Group Chairman Azam J Chowdhury has long been in the business of petroleum gas. He is also the managing director of Mobil Jamuna Lubricant.
Assuming the office, Azam J Chowdhury said the association will continue its efforts to reach LPG cylinders to end users at affordable prices.

The association bade farewell to outgoing LOAB President Salman F Rahman, who is a renowned industrialist and founder of Beximco Group.

Salman F Rahman has recently been elected as Member of Parliament (MP) and made the private sector advisor to Prime Minister Sheikh Hasina.

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