Asia Insurance Limited made a profit of Tk 9.84 crore in the financial year of 2022, down nearly 36.5 per cent year-on-year.

A spike in orders during the ongoing Eid shopping season has brought back a bright smile to online courier service providers, a development that is a sigh of relief for the industry that witnessed a downturn in growth over the past one and a half years. 

Jewellers yesterday brought down gold prices because of a cut in rates of pure gold in the local market, according to a press release issued by Bangladesh Jewellers’ Association (Bajus).

An increasing number of female bankers are gradually securing top positions at banks thanks to their skills, competence and dedication, according to a Bangladesh Bank report released yesterday. 

Although soybean oil prices have dropped in the international market, consumers in Bangladesh are yet to reap the benefit of this reduction as domestic prices remain the same.

Sales of handloom clothing, such as saris and lungis, usually peak during the shopping season centring Eid-ul-Fitr, the biggest religious festival for Muslims in Bangladesh.

The commerce ministry’s Export Competitiveness for Jobs (EC4J) project, which aims to expand Bangladesh’s export basket, has once again failed to meet its deadline and become costlier due to slow implementation.

Jørgen C Arentz Rostrup, chairman of Grameenphone, and head of Telenor Asia, was recently in Dhaka to take part in the Bangladesh Business Summit. On the sidelines of the mega event, he spoke to The Daily Star about Telenor’s vision in Asia and Bangladesh, the future of the digital economy and the roadmap to 5G, among other issues. 

Bangladesh Textile Mills Association (BTMA), a platform of primary textile millers, yesterday urged the National Board of Revenue (NBR) to enhance monitoring in markets across the country against the sale of illegally imported yarn. 

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 second report of a series to present how various sectors fared in the face of the two unprecedented shocks. 

Shahjalal Islami Bank recently promoted an official to the post of deputy managing director. 

Southeast Bank has recently appointed a managing director. 

Janata Bank has launched an artificial intelligence-based mobile app “eJanata”. 

Approximately 90 per cent of 2,100 beneficiaries selected for a Re-skilling and Employment Reintegration Programme of Standard Chartered Bangladesh and Underprivileged Children’s Educational Programmes (UCEP) Bangladesh are now employed. 

Energy prices declined 6.3 per cent in March, led by natural gas in Europe and coal, the World Bank’s Pink sheet reported.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will provide a grant of about Tk 1 crore to rehabilitate around 5,000 small and micro businesses affected by last Tuesday’s fire which burned down the Bangabazar market in Dhaka.

Tesla Inc will build a gigafactory in Shanghai to make the Megapack energy storage product, Chinese state media outlet Xinhua reported on Sunday.

Pragati Insurance Ltd clocked a profit of Tk 37.06 crore in 2022, down 1.22 per cent from a year earlier.

IDLC Finance Ltd posted a Tk 191.64 crore profit in the financial year that ended on December 31 of 2022, down 9.43 per cent year-on-year. 

World Bank cites factors such as higher import tax, NTBs, over-reliance on RMG