Bank Asia celebrates 23rd founding anniversary

Bank Asia celebrated its 23rd founding anniversary at Bank Asia Tower in Dhaka yesterday. 
27 November 2022, 18:00 PM

Midland Bank launches MDB Virtual Visa Prepaid Card

Midland Bank launched an MDB Virtual Visa Prepaid Card at the bank’s head office in Dhaka yesterday.
27 November 2022, 18:00 PM

BDBL gets new MD, CEO

Md Habibur Rahman Gazi has joined Bangladesh Development Bank Limited (BDBL) as its new managing director (MD) and chief executive officer.
27 November 2022, 18:00 PM

AB Bank wins three at Mastercard Excellence Awards 2022

AB Bank has won awards in three categories at Mastercard Excellence Awards 2022 in Dhaka recently. 
27 November 2022, 18:00 PM

Samata Leather suffers losses

Samata Leather Complex Ltd suffered losses in the financial year that ended on June 30.    
27 November 2022, 18:00 PM

Associated Oxygen posts lower profit in Jul-Sep

Associated Oxygen Limited reported a 16.35 per cent year-on-year decline in profit to Tk 4.50 crore in the July-September quarter of 2022.    
27 November 2022, 18:00 PM

ACI to sell entire stake in Tetley

ACI Ltd yesterday said it agreed to sell its stakes in Tetley ACI Bangladesh Ltd (TABL) at Tk 10.61 crore to its joint venture partner Tata Consumer Products (TCP).
27 November 2022, 18:00 PM

How wealthy am I?

In the third step, Abdul Karim has provided information about the investment of Tk 200,000 to avail the tax rebate. But in assets and liabilities statements, he shall give total assets and liabilities as of 30 June 2022 from where he will discover how wealthy he is.
27 November 2022, 18:00 PM

Ctg port’s outer anchorage comes to a standstill

Water transport workers have gone on a strike demanding a pay hike, suspending unloading of imported goods at the Chattogram port’s outer anchorage and their subsequent transportation across the country since the early hours of yesterday.
27 November 2022, 18:00 PM

Renata gets WHO nod to sell birth control pills abroad

World Health Organization (WHO) has recognised the quality of products manufactured at Renata’s Rajendrapur Potent Product Facility to be of an international standard, enabling the pharmaceutical company to sell birth control pills abroad. 
27 November 2022, 18:00 PM

NCC Islamic Banking launched

NCC Bank has launched a Shariah-based Islamic banking service, “NCC Islamic Banking”. 
27 November 2022, 18:00 PM

Islami Bank Asian Banker’s ‘Strongest Bank’

Islami Bank Bangladesh has been the “Strongest Bank in Bangladesh” and the “Strongest Islamic bank in Bangladesh” in 2022 according to Singapore-based banking and financial intelligence platform The Asian Banker. 
27 November 2022, 05:50 AM

Lessons learned from loan failures

When I attend a banking forum, junior bank executives often ask me: “What did I learn out of so many credit inspections across the world? How could we avoid loan losses?”
27 November 2022, 05:40 AM

FBCCI urges Wales businesses to invest in Bangladesh’s textiles

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged businesses in Wales to invest in the textile sector of Bangladesh. 
27 November 2022, 05:20 AM

BGMEA wants to import scrapped clothes

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) wants to import scrapped clothes to make recycled apparel items from them as their demand is on the rise globally.
27 November 2022, 05:00 AM

Foreign aid disbursement slumps

Commitments and disbursements of foreign assistance for development projects in Bangladesh fell in the July-October period of the current fiscal year, which may deepen the pressure on foreign exchange reserves.
27 November 2022, 04:00 AM

Sugar stocks sufficient

Government statistics say there is no shortage of sugar in the market and there are sufficient stocks to last till Ramadan, which is still around four months away, said Industries Minister Nurul Majid Mahmud Humayun yesterday. 
27 November 2022, 03:40 AM

Poor facilities plague industrial estate

The Bangladesh Small and Cottage Industries Corporation (BSCIC) industrial area in Bagerhat is failing to reach its full potential owing to the poor road condition, fresh water shortage and inadequate drainage system. 
27 November 2022, 03:30 AM

Be proactive, not reactive

Female entrepreneurs face bigger challenges compared to their male counterparts, including social stigma and a lack of access to finance, which necessitates doubling down on creativity, adaptability and vision for success, experts said yesterday.
27 November 2022, 03:20 AM

National Bank sinks to losses

National Bank Ltd (NBL) that raked in Tk 550 crore in annual profit a few years ago incurred unprecedented losses of Tk 357 crore in January-September of 2022 due to lower interest incomes and higher non-performing loans.  
27 November 2022, 03:00 AM