Square Toiletries Limited has cut the prices on a variety of its products as the related raw materials costs have decreased in the international market.

The internet regulator in Bangladesh is amending a guideline in order to double the duration of storing user data and network usage records by internet service providers (ISPs).

S&P Global on Monday cut credit ratings and revised its outlook for multiple US banks, following a similar move by Moody’s, warning that funding risks and weaker profitability will likely test the sector’s credit strength.

LankaBangla Finance Ltd has changed its name to LankaBangla Finance PLC, according to a Bangladesh Bank notice yesterday.

In recent years, Bangladesh has experienced a remarkable transformation in its digital landscape, with the proliferation of e-commerce platforms playing a pivotal role. These platforms not only facilitate online buying and selling but have also emerged as powerful vehicles for providing digital financial services, fostering financial inclusion and uplifting communities.

The National Board of Revenue (NBR), in association with Genex Infosys Limited, will install electronic fiscal devices (EFDs) at retail and wholesale outlets in Bangladesh to improve the collection of value-added tax (VAT) from these sources.

Bangladesh Bank’s income from foreign currency reserves has gone up 108 percent year-on-year to Tk 6,000 crore in fiscal year 2022-23, as per the central bank’s annual report. 

It was in 2007 when one of the country’s largest tea-producing companies, Consolidated Tea and Lands Company (Bangladesh) Limited, initiated a long-term plan to increase tea production. 

Textile and garment behemoths in Bangladesh have started ploughing their surplus wealth into new sectors in order to tap the potential in an economy that is growing at a healthy clip and consumers’ purchasing power is rising. 

One of the development projects undertaken on Chinese loans has been completed while eight others are being implemented in full swing following a prolonged hiatus for the pandemic, said relevant officials and Economic Relations Division (ERD). 

Prime Bank recently signed a memorandum of understanding (MoU) with Dhali’s Amber Nivaas Resort, a luxury resort in Munshiganj near Dhaka city.

The Bangladesh Trade and Tariff Commission (BTTC) yesterday requested the revenue authority to lift all import tariffs on onion until December 31 this year as its domestic prices spiked after India slapped 40 percent export duty on the vegetable.

Falling export of jute and jute goods is now having an effect on jute growers as prices of the natural fibre have fallen during the current harvesting season. 

Electro Mart Ltd, manufacturer of the Konka brand of products, recently announced launching family-oriented reality game show “Konka Shera Poribar Season 2”. 

GPH Ispat Quality Control Lab, a steel re-bar manufacturing company in Bangladesh, recently received accreditation certificate from Bangladesh Accreditation Board (BAB) for ensuring the quality of the manufactured products.

Salim Rahman has been elected as the chairman of the executive committee of Al-Arafah Islami Bank Ltd (AIBL) in the 390th meeting of the board of directors of the bank on Sunday.

Hosting data locally by domestic companies would help Bangladesh save a huge volume of US dollars that are otherwise needed to store them abroad and ease the current foreign exchange crisis, experts said yesterday.

Educational qualifications get higher priority than professional skills in case of judging any person’s ability in Bangladesh, which is why the skilled ones remain unutilised and unrecognised in different sectors, experts said yesterday.

United Commercial Bank (UCB) organised a daylong agricultural entrepreneurship skills training in two districts -- Dinajpur and Gaibandha -- under the initiative of Agro-CSR Project 2023 styled “Voroshar Notun Janala”.

Mutual Trust Bank Ltd (MTB) recently signed an agreement with Shakti Foundation on cash management services.