Islami Bank takes PLC suffix

The name of Islami Bank Bangladesh Ltd has been changed to Islami Bank Bangladesh PLC, Bangladesh Bank said in a circular yesterday.
31 July 2023, 18:00 PM

IDLC posts lower profit in Q2

IDLC Finance Ltd posted 13 per cent lower profit year-on-year to Tk 37.83 crore in the April-June quarter of 2023 owing to a fall in net interest income, investment income and other earnings.    
31 July 2023, 18:00 PM

JMI Hospital Requisite to set up hospital

JMI Hospital Requisite Manufacturing Limited (JHRML), a medical device and component manufacturer, has decided to set up a hospital in the capital city.
31 July 2023, 18:00 PM

Three fish varieties that revolutionised aquaculture

Bangladesh witnessed a massive growth in fish production in the last 12 years through aquaculture driven by a surge in yield of three fish varieties, namely pangas, tilapia and climbing fish (koi).
31 July 2023, 00:00 AM

Mastercard Experience Centre brings the future of commerce to life

Making payments using solar credits, enjoying a football match in a virtual reality stadium, scanning a product to understand the ethics of its supply chain -- these are just some of the next-generation technology propositions on display at the revamped Mastercard Experience Centre (MEC) in Singapore.
30 July 2023, 18:00 PM

Local startups ripe for drawing investment

Global investors can pour funds into Bangladesh’s burgeoning startups as the country has a large pool of internet users, a growing middle class and an entrepreneurial spirit among its youth.
30 July 2023, 18:00 PM

Beef to be Tk 50/kg cheaper in capital

The Bangladesh Dairy Farmers Association (BDFA) yesterday announced that its members would sell beef at a price that will be Tk 50 per kilogramme lower than the current rate.
30 July 2023, 18:00 PM

Application deadline extended to Aug 17

The application deadline for digital bank licences has been extended to August 17 this year, according to an official of Bangladesh Bank.
30 July 2023, 18:00 PM

Pathao gets ‘Employment Catalyst Award’

Pathao, the largest digital services company of Bangladesh, was awarded with the “Employment Catalyst Award” by Prime Minister Sheikh Hasina on Saturday for its outstanding contributions to job creation, particularly in the youth segment.
30 July 2023, 18:00 PM

FBCCI polls today

The biennial election of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is going to be held today to elect the new board of directors for the 2023-25 tenure.
30 July 2023, 18:00 PM

Stabilisation fund invests Tk 270cr to support ailing stock market

The Capital Market Stabilisation Fund (CMSF) has invested Tk 270 crore since its inception in 2021 with a view to supporting the ailing stock market. 
30 July 2023, 18:00 PM

Bangladesh now has 25 lakh jobless people: BBS

The number of unemployed people in Bangladesh decreased by 3.47 percent or 90,000 in the April-June quarter compared to the previous quarter this year, according to data of the Bangladesh Bureau of Statistics (BBS).
30 July 2023, 18:00 PM

Southeast Bank holds agent banking confce

Southeast Bank Ltd recently organised the “Southeast Bank Agent Banking Half Yearly Conference-2023” for Dhaka division.
30 July 2023, 18:00 PM

LC opening slumped 26% in FY23

Bangladesh’s imports fell sharply in the immediate past fiscal year as reflected by the slide in the opening of letters of credit (LCs) driven by a shortage of US dollars and restrictions on the purchase of non-essential items from external sources.
30 July 2023, 18:00 PM

Japan presses Sri Lanka to expedite debt restructuring

Japan pressed bankrupt Sri Lanka on Saturday to expedite its debt restructuring, including with its biggest creditor China, to stabilise the island nation’s economy after an unprecedented crisis.
30 July 2023, 18:00 PM

House Building Finance holds managers’ confce

Bangladesh House Building Finance Corporation (BHBFC) organised a “Managerial Conference-2023” at Bidyut Bhaban in the capital on Saturday.
30 July 2023, 18:00 PM

United Commercial Bank, BFIU organise workshop

United Commercial Bank and Bangladesh Financial Intelligence Unit (BFIU) jointly organised a training workshop on “Prevention of Money Laundering & Combating the Financiering of Terrorism” at Hotel The Cox Today in Cox’s Bazar recently.
30 July 2023, 18:00 PM

Prime Bank partners with Adventure Dhaka

Prime Bank has recently signed a “Prime Payroll” agreement with Adventure Dhaka Ltd, a subsidiary of Adventure Incorporation, an online travel agency in Japan.
30 July 2023, 18:00 PM

Ardashir Kabir re-elected BEF president

Ardashir Kabir has been re-elected as the president of Bangladesh Employers’ Federation (BEF) for a two-year term (2023-2025) at its 25th annual general meeting held recently.
30 July 2023, 18:00 PM

German inflation slows

German inflation slowed in July after rising in June, official data showed Friday, but remained at levels that could trouble policymakers at the European Central Bank as they battle stubbornly high prices.
30 July 2023, 18:00 PM