Shimanto Bank inks MoU with Dipto Shimanto

Shimanto Bank Ltd signed a memorandum of understanding (MoU) with Dipto Shimanto, a specialised educational institution, in Dhaka yesterday.
1 August 2023, 18:00 PM

City Bank’s profit rises 9% in Q2

City Bank’s consolidated profit rose 9.07 percent year-on-year to Tk 236.94 crore in the first half of 2023.
1 August 2023, 18:00 PM

Eastern Bank, ShareTrip sign payroll deal

Eastern Bank Ltd signed a payroll banking agreement with ShareTrip, an online travel agency of Bangladesh, at the bank’s head office in Dhaka recently.
1 August 2023, 18:00 PM

Dhaka Bank’s profit jumps 31% in Q2

Dhaka Bank Limited’s profit climbed more than 31 per cent year-on-year to Tk 71.47 crore in the April-June quarter of 2023.
1 August 2023, 18:00 PM

IPDC’s profit sinks

IPDC Finance Limited’s profit slumped 62.70 percent year-on-year to Tk 8.16 crore in the second quarter of 2023 owing to a rise in interest expenses, salary and allowances and provision for loans and investments.    
1 August 2023, 18:00 PM

Sammilito Baboshayee Parishad bags 15 posts

The Sammilito Baboshayee Parishad won 15 posts while its opponent Baboshayee Oikko Parishad secured eight posts in the election of the association group of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Monday.
1 August 2023, 18:00 PM

Remittance inflow falls 5.86% in July

Remittance inflow to Bangladesh fell 5.86 percent year-on-year to $1.97 billion in July, central bank data showed today.
1 August 2023, 10:57 AM

Rajbari couple become role models for dairy farming

Rafiqul Islam and Shiuli Aktar, a couple who live in Ikor Char village under Baliakandi upazila of Rajbari, once found it difficult to ensure proper nutrition for their two children.
1 August 2023, 00:00 AM

Private sector’s foreign borrowing falls in June

Short-term foreign debt in the private sector fell to $13.66 billion in June, down 3 percent from $14.08 billion in May, as repayments outpaced new loans during the period, according to Bangladesh Bank.
1 August 2023, 00:00 AM

How much investment is needed for tax-saving

The Income Tax Act 2023 has specified the amount of tax rebate you will get to reduce your tax liability. But your investment allowance is not specified.
1 August 2023, 00:00 AM

Exporters to get Tk 108.5 for each dollar from today

Banks yesterday hiked the buying and selling rates of US dollar as part of efforts to gradually reach a uniform exchange rate for the greenback by September this year.
31 July 2023, 18:00 PM

89.35% votes cast in FBCCI polls

The biennial election of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) took place yesterday to elect the leadership for the country’s apex trade body for the 2023-25 tenure.
31 July 2023, 18:00 PM

bKash, Pragati Life Insurance to launch digital bank

bKash and Pragati Life Insurance Ltd yesterday became the latest companies in Bangladesh to share plans to roll out digital banks as the country looks to offer financial services using technologies and accelerate financial inclusion.   
31 July 2023, 18:00 PM

Most listed MNCs post higher profits despite headwinds

Most of the listed multinational companies operating in Bangladesh witnessed higher profits and sales in the April-to-June quarter despite persisting economic challenges at home and abroad, inflationary pressures and higher raw materials prices.
31 July 2023, 18:00 PM

Unilever Consumer Care posts lower profit

Unilever Consumer Care, previously known as GloxoSmithKline, registered a fall in profits in the April-June period of 2023.
31 July 2023, 18:00 PM

bKash makes profit of Tk 2.37cr in Q2

bKash, the largest mobile financial service provider of Bangladesh, made profit for the second consecutive quarter in the April to June period of 2023 thanks to higher revenue and larger finance income.
31 July 2023, 18:00 PM

ICB declares 34.9% dividend

The Investment Corporation of Bangladesh (ICB) declared a 34.9 per cent dividend for 2022-2023.
31 July 2023, 18:00 PM

Unilever holds session on ‘plastic sustainability’

Unilever Bangladesh Ltd recently organised a special session styled “Navigating the Path to Plastic Sustainability with Zaved Akhtar” at its corporate office in Dhaka as part of their World Environment Day 2023 campaign.
31 July 2023, 18:00 PM

Kabir, Iqbal re-elected as NRB Bank’s vice-chair

Golam Kabir and Mohammed Jamil Iqbal have been re-elected as vice-chairmen of NRB Bank Ltd at a meeting of the board of directors of the bank held at its head office in Dhaka recently.
31 July 2023, 18:00 PM

Nagad wins ‘Fastest to Unicorn Award’

Nagad, a mobile financial service provider in Bangladesh, has won the “Fastest to Unicorn Award” at Bangladesh Startup Summit 2023 for becoming a unicorn startup only in four years of its launch.
31 July 2023, 18:00 PM