City Bank gets new DMD

City Bank has promoted a senior executive vice-president and head of credit risk management to the posts of deputy managing director and chief risk officer. 
23 January 2023, 18:00 PM

Shrimp farmers barely get financial support: study

Shrimp farmers in Bangladesh barely get any financial support, especially from formal institutions, as they lack the required collateral, according to a study by the Consultative Group for International Agricultural Research (CGIAR).
23 January 2023, 18:00 PM

Peninsula Chittagong’s profit falls over 75% in Q1

The Peninsula Chittagong Limited’s profit declined more than 75 per cent year-on-year to Tk 94.93 lakh in the October-December quarter of the ongoing financial year. 
23 January 2023, 18:00 PM

12 industrialists feature in ‘Life Struggle of Pioneering Entrepreneurs’

A ceremony marking the publication of “Life Struggle of Pioneering Entrepreneurs” featuring stories of 12 renowned industrialists of the country was held at Daffodil International University (DIU) yesterday.
23 January 2023, 18:00 PM

1,250 tonnes of sugar stuck at Benapole for tariff stalemate

Around 42 trucks carrying 1,250 tonnes of sugar from India have remained stuck at Benapole port for the past 28 days as the local customs authorities allegedly imposed a higher tariff than that stipulated by the government.
23 January 2023, 18:00 PM

BGMEA to urge buyers not to nominate suppliers

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is going to urge international clothing retailers and brands not to nominate any particular supplier for the sourcing of raw materials and fabrics to prevent market distortions and bring back perfect competition. 
23 January 2023, 18:00 PM

Banglalink providing fastest internet

Banglalink, the third largest mobile network operator in Bangladesh, now provides the fastest internet connection speed while state-run Teletalk continues to be the worst data service provider in the country, according to a global speed test report.
23 January 2023, 04:00 AM

Creating more qualified accountants need of the hour

Bangladesh needs to generate more accounting professionals to meet the growing demand for qualified accountants in a bid to facilitate the faster growth of the economy, said a noted chartered certified accountant.
23 January 2023, 03:30 AM

RMG export to Russia drops sharply

Even a year ago before the start of the Russia-Ukraine war, Rajiv Chowdhury, managing director of Young4ever Textiles, used to ship T-shirts and polo shirts worth $1 million to Russia as the market was opening up for local exporters. 
23 January 2023, 02:30 AM

After energy, LC opening crisis now cripples businesses

At the beginning of 2022, businesses were upbeat and many of them thought that the worst stemming from the losses induced by the coronavirus pandemic was finally over. That was short-lived. 
23 January 2023, 02:00 AM

CETP of int’l standard needed urgently for leather sector: FBCCI

A central effluent treatment plant (CETP) of international standard is necessary for the development of the leather sector of the country, said Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), yesterday. 
22 January 2023, 18:00 PM

Some Japanese firms paying ‘inflation allowances’

With the prices of daily commodities surging in Japan, a growing number of companies are paying inflation allowances to employees to support their daily lives.
22 January 2023, 18:00 PM

Rancon avails Tk 5.79cr Idcol loan for rooftop solar plant

Infrastructure Development Company Limited (Idcol) signed an agreement with the Rancon Infrastructures & Engineering to provide a long-term loan worth Tk 5.79 crore to finance the latter’s second rooftop solar project. 
22 January 2023, 18:00 PM

Keep food and agri inputs out of sanction purview

Agriculture Minister Muhammad Abdur Razzaque on Saturday urged the leaders of developed countries to keep food and agricultural inputs out of the purview of sanctions related to the Russia-Ukraine war, according to a press release.
22 January 2023, 18:00 PM

Kay & Que’s profit unchanged in Q2

Kay & Que (Bangladesh) Ltd made a Tk 5.66 lakh profit in the October-December quarter of the current financial year, unchanged from a year earlier.
22 January 2023, 18:00 PM

Guardian gives life ins coverage to Brac staff

Non-governmental development organisation Brac and Guardian Life Insurance recently signed a group insurance agreement on life coverage and medical benefits.
22 January 2023, 18:00 PM

Bari’s DG reappointed

Dr Debasish Sarker has been reappointed as the director general of the Bangladesh Agricultural Research Institute (Bari) for another two-year term on a contractual basis.
22 January 2023, 18:00 PM

Global maize, wheat prices down 1%, rice up 1%

Agricultural, cereal, and export prices have remained relatively stable in the one month to January 17, said the Food Security Update of the World Bank.
22 January 2023, 18:00 PM

Bangladesh can save billions by early investment

Bangladesh could avoid billions in climate damages and lost GDP growth this decade by making timely investments to withstand the projected impact of climate change, according to a new study by Standard Chartered. 
22 January 2023, 18:00 PM

Pharma Aids incurs losses in Oct-Dec quarter

Pharma Aids Limited suffered a loss of Tk 23.71 lakh in the second quarter of the 2022-23 financial year owing to a decline in net sales and an increase in the cost of production.
22 January 2023, 18:00 PM