MJL raises guarantee for offshore arm

Mobil Jamuna Lubricants (MJL) Bangladesh has decided to increase its corporate guarantee from $20 million to $40 million in favour of MJL (S) PTE so that it can take more working capital loans. 
4 December 2022, 18:00 PM

HSBC Gulshan branch gets LEED platinum certification

The Hongkong and Shanghai Banking Corporation (HSBC) Bangladesh’s Gulshan branch recently received a platinum certification under a LEED rating system. 
4 December 2022, 18:00 PM

ACI Motors launches Yamaha MT15 version 2.0 bike

ACI Motors, the sole distributor and technical collaboration partner of Yamaha motorcycles in Bangladesh, launched Yamaha’s another premium naked sports segment motorcycle MT15 version 2.0 in Dhaka recently.
4 December 2022, 18:00 PM

Chinese firm to invest $40m in Bangabandhu Shilpa Nagar

A Chinese garment manufacturer signed an agreement with Bangladesh Export Processing Zones Authority (Bepza) yesterday to invest $39.70 million in setting up a high-end industrial unit in Bepza Economic Zone of Bangabandhu Sheikh Mujib Shilpa Nagar in Mirsarai, Chattogram.
4 December 2022, 18:00 PM

Japanese economic zone opens tomorrow

Prime Minister Sheikh Hasina is scheduled to virtually inaugurate a Japanese economic zone, to be called Bangladesh Special Economic Zone, at Araihazar in Narayanganj tomorrow. 
4 December 2022, 18:00 PM

Premier Bank to raise Tk 600cr thru bonds

Premier Bank Ltd has received permission from the Bangladesh Securities and Exchange Commission (BSEC) to raise Tk 600 crore by issuing bonds.   
4 December 2022, 18:00 PM

NBR names top VAT payers

The National Board of Revenue (NBR) yesterday unveiled names of nine firms that paid the highest amounts in value added tax to the state coffer nationally in fiscal year 2020-21. 
4 December 2022, 18:00 PM

BB to open crisis management cell

The Bangladesh Bank is going to form a crisis management cell to facilitate the opening of letters of credit for essential commodities imports, according to a decision of a meeting at the commerce ministry yesterday.
4 December 2022, 18:00 PM

IBBL deposits are completely safe: BB

Islami Bank Bangladesh Limited (IBBL) is very important to the state and the bank's depositors do not need to worry about their money, a top official of Bangladesh Bank (BB) said today..Md Mezbaul Haque, executive director and spokesperson of the central bank, made the comments to journali
4 December 2022, 17:44 PM

Farmers suffer losses as shrimp prices slump

Black tiger shrimps, locally known as Bagda, have seen their prices slump, handing losses to thousands of farmers in the southwestern region, the main belt of export-oriented shrimp and prawns in Bangladesh.  
4 December 2022, 04:00 AM

Govt seeks greater market access to US

Bangladesh wants greater market access to the US in any format as a measure of preparations to face challenges after its United Nations status graduation from a least developed to a developing country in 2026.
4 December 2022, 03:30 AM

Food insecurity, poverty rise in Bangladesh: FAO

Bangladesh is suffering from severe localised food insecurity owing to economic constraints, refugee influx, floods and high prices of important food items, said Food and Agriculture Organization (FAO) in its latest report released on Friday. 
4 December 2022, 03:00 AM

How do we fix the banking sector?

The turmoil in the banking sector is on the rise. A lack of good governance, rampant corruption, and political and managerial interference in management have led to this scenario. As the prices of daily commodities are on the rise, people are focusing less on new savings and on the contrary, using their prior savings to meet their daily needs.
4 December 2022, 02:40 AM

Wheat prices surge as traders cash in on import dip

Although wheat price is falling in the international market, Bangladesh sees an opposite trend. 
4 December 2022, 02:10 AM

Economy will become normal by March-April

Planning Minister MA Mannan today said there is no dollar crisis in the country, only a shortage.
3 December 2022, 19:30 PM

FBCCI, CNN sign deal to promote Bangladesh

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will organise “Bangladesh Business Summit 2023” in Dhaka in March next year to celebrate the country’s 50th anniversary of independence. 
3 December 2022, 18:00 PM

Meghna Bank unveils four deposit products

Meghna Bank has launched four deposit products -- Fast Remit, Fifty Plus, Youngster and Youngster Plus -- targeting remitters, senior citizens and students. 
3 December 2022, 18:00 PM

25 firms awarded for best presented annual reports

The Institute of Chartered Accountants of Bangladesh (ICAB) yesterday awarded 25 listed and non-listed entities in 16 sectors for their best presented financial statements and audit reports. 
3 December 2022, 18:00 PM

Transcom Digital launches Hitachi home appliances

Transcom Digital launched a refrigerator, a washing machine and three microwave ovens at a Hitachi Star Night 2022 at International Convention City Bashundhara in Dhaka recently. 
3 December 2022, 18:00 PM

Shahjalal Islami Bank awards scholarships to 500 students

Shahjalal Islami Bank yesterday awarded scholarships to 500 meritorious students from around the country who are financially insolvent. 
3 December 2022, 18:00 PM