Standard Chartered recently won a “Best Overall Bank for Cash Management” award of the 2023 World’s Best Treasury & Cash Management Systems and Services Awards of monthly English financial magazine Global Finance.  

Singer Bangladesh Limited made a Tk 11.27 crore profit in the January-March quarter of 2023, up 24.25 per cent from a year earlier.

Prime Bank Ltd registered a Tk 104.17 crore profit in the January-March quarter of 2023.   

The cost of the Padma Multipurpose Bridge’s construction has increased by Tk 2,412 crore while its completion deadline has been extended by one year till June 2024. 

When a major festival like Eid knocks on the door, the memory of going to markets or shopping malls to buy new clothes and footwear items, eating sweets and receiving gift money from elderlies comes to mind.

The first nine months of the current fiscal year of 2022-23 saw the lowest implementation rate of the annual development programme (ADP) in at least the last 10 years, with only 41.65 per cent of the total outlay being spent till March, showed official figures.

IFIC Bank Ltd, one of the oldest banks in Bangladesh, is expanding its physical presence fast across the country in its bid to bring one in every four families under its network, said its top executive.

The business sector in Bangladesh has been going through severe challenges for the past four years, which, for many, have been the toughest period in decades, with the coronavirus pandemic being the dominant factor in the early part before the Russia-Ukraine war broke out. Today, we are running the last report of a series and it focuses on the lessons for the businesses from the two unprecedented shocks.

Bangladesh’s import of capital machinery has continued its falling trend as banks have remained cautious in financing purchases amid the dollar crisis while entrepreneurs showed reluctance to expand owing to slowing domestic and export sales. 

Keeping the heatwave in mind, Padma Bank has upgraded its wallet (app) so that customers don’t have to rush to branches for banking services.

With Eid-ul-Fitr just around the corner, streets all over Bangladesh are bustling with people who are either out shopping for gifts or groceries as well as those travelling home for the holiday.

Asia Pacific General Insurance Co Ltd made a Tk 10.04 crore profit in the financial year that ended on December 31.

Golden Harvest InfoTech Limited has won the National Export Trophy as the second highest exporter in the information technology sector for the financial year 2019-20 in recognition of its contribution to export earnings.

Ambee Pharmaceuticals Ltd’s profit jumped 75 per cent year-on-year to Tk 16.80 lakh in the January-March quarter of the ongoing financial year.

Meghna Insurance Company Limited registered a 40 per cent year-on-year higher profit of Tk 5.28 crore in the financial year that ended on December 31.

Genex Infosys Limited said its board has approved an agreement with Whaleco Technology Limited, an Ireland-based technology company.

Turtle Venture Studio, Bangladesh’s first venture studio, has raised $1 million in its first round of funding, with Dekko ISHO Venture Capital (DIVC) as the lead investor.

Farmers across two coastal districts of Bangladesh, namely Patuakhali and Barguna, as well as Tangail are increasingly growing oilseed crops in a bid to profit from the ever-higher prices of edible oil.

Demand for air conditioners (ACs) has increased significantly as people rushed to retailers for respite from the ongoing heatwave sweeping across the country.

The government yesterday awarded the National Export Trophy to 71 companies in 28 categories in recognition of their extraordinary performance in export earnings in  the fiscal year 2019-20.