Bangladesh Bank has raised the fund for the digital refinance scheme to Tk 500 crore from Tk 100 crore, dedicated for disbursement of “digital nano loan” among marginalised people.

Profits of Trust Bank rose sharply in the April-June period of the current calendar year, owing to higher income.

Bank Asia has decided to be a sponsor shareholder of a proposed digital bank by investing Tk 12.50 crore, said the private bank yesterday.

Bangladesh will again urge the US for duty-free access as the tariff imposed on exports from the country is one the highest faced by goods entering the western nation, according to Senior Commerce Secretary Tapan Kanti Ghosh.

The demand for electric motorbikes is increasing in Bangladesh for being an eco-friendly and cost-effective mode of transport.

More than 37,000 clients of Homeland Life Insurance Company Ltd are facing uncertainty about whether they would get back their insured amount owing to a lack of liquidity at the insurer caused by alleged irregularities, the regulator found.  

Firoza Begum, a resident of Shalmara village in Bhelabari union under Aditmari upazila of Lalmonirhat, opened a 12-year term policy with Fareast Islami Life Insurance Company some 15 years ago. 

IFAD Autos Ltd, a commercial vehicle manufacturing and marketing company in Bangladesh, recently reached the milestone of producing 10,000 Ashok Leyland branded vehicles at its Dhamrai factory.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has signed a memorandum of understanding (MoU) with Green Power Ltd to help garment factories become more energy efficient with green and clean sources of energy.

Banking has become relationship manager (RM)-driven in Bangladesh over the last three decades whether it is corporate, commercial, or retail banking. Large clients in corporate or wealth management segments demand very personalised or structured product support backed by world-class service.

The government has formed a committee as part of efforts to appoint developers to establish economic zones in partnership with other countries or one or more state organisations.

On June 29, United Commercial Bank PLC completed 40 years of its operation. Marking the anniversary, Arif Qaudri, managing director and chief executive officer of UCB, talked about the bank’s achievements and future plans as well as the challenges confronting the banking sector, among other issues, during an interview with The Daily Star recently.

Exports of processed agricultural products declined in the immediate past fiscal year for a hike in the cost of production and raw materials which eroded competitiveness in the international market, according to Ahsan Khan Chowdhury, chairman and chief executive officer of Pran-RFL Group. 

A number of businesses yesterday demanded that the prime minister enable a stable political and business-friendly environment to build up a “Smart Bangladesh” by 2041. 

Finance Minister AHM Mustafa Kamal left the country for India yesterday morning to attend a two-day G20 summit of finance ministers and central bank governors of the member states, which will begin in Gujarat tomorrow.

Syndication by market players is not the only reason for the elevated price of green chili in Bangladesh as changing weather patterns has led to reduced supply, according to experts.

The slowdown in the global economy stemming from the fallout of Covid-19 and the Russia-Ukraine war sent merchandise shipment to the United States from Bangladesh lower in the just-concluded fiscal year.

Fu-Wang Foods Limited stocks surged 83 per cent in the span of nine trading days despite repeated warnings from the company that it has no undisclosed information that could contribute to such a jump. 

In the world that we live in, data is gold, as the saying goes.

DBL Lifestyles, a concern of DBL Group, will open a Nike store in Road 11 of Banani, Dhaka offering a wide range of footwear, apparel and accessories.