Midland Bank gets ISO certificate

Midland Bank recently announced receiving an International Organization for Standardization (ISO) certificate from BSI Group India Private for compliance with international standards over establishing, implementing and maintaining information security management systems. 
15 November 2022, 18:00 PM

MTB, TallyKhata offer loans to small businesses

Mutual Trust Bank (MTB) and TallyKhata, a digital platform for small and micro businesses in Bangladesh, recently launched an “MTB TallyKhata Digital Loan”, which is essentially working capital loans for small businesses. 
15 November 2022, 18:00 PM

CEPA can boost Bangladesh-India trade, investment: Indian envoy

Indian High Commissioner to Bangladesh Pranay Verma has said the Comprehensive Economic Partnership Agreement (CEPA) has the potential to enhance bilateral trade and investment ties by creating a new institutional framework and supply chain linkage.
15 November 2022, 09:56 AM

Guardian Life launches digital insurance plan for cancer treatment

Guardian Life Insurance yesterday launched a digital insurance plan of Guardian Cancer Care, the country’s first of its kind insurance plan for cancer treatment.
15 November 2022, 04:00 AM

Energypac subsidiary to sell entire stake in power plant

A subsidiary of Energypac Power Generation Ltd (EPGL) has decided to sell its entire stake in an electricity plant.  
15 November 2022, 03:40 AM

National Polymer Industries to set up subsidiary

National Polymer Industries Ltd has decided to establish a subsidiary company that would be engaged in imports, exports and trading.   
15 November 2022, 03:30 AM

ACI suffers loss in Q1

ACI Limited, a leading conglomerate in Bangladesh, incurred losses of Tk 18.59 crore in the July-September period of the current financial year due to higher interest costs and depreciation of the local currency against the dollar that fuelled raw material costs.
15 November 2022, 03:25 AM

Submarine Cable clocks Tk 65.47cr profit in Q1

Bangladesh Submarine Cable Company Limited (BSCCL) reported a 34.57 per cent increase in profit to Tk 65.47 crore in the first quarter of the 2022-23.  
15 November 2022, 03:20 AM

Import of cement raw materials goes up despite dollar shortage

The import of raw materials used in manufacturing cement rose 17 per cent year-on-year in the July-October period of the current financial year of 2022-23 despite the US dollar crunch. 
15 November 2022, 03:15 AM

Pran posts lower profit in Jul-Sep

Agricultural Marketing Company Ltd (Pran) posted a 10 per cent decline in profit to Tk 1.56 crore in the July-September quarter of 2022-23.   
15 November 2022, 03:10 AM

Businesses forge ahead despite poor infrastructure

There once was a time when carpenters at an industrial estate of the Bangladesh Small and Cottage Industries Corporation (BSCIC) in Pirojpur’s Nesarabad upazila would use handmade equipment to produce various types of furniture.
15 November 2022, 03:05 AM

Robi to invest Tk 2.5cr in digital start-ups

Robi yesterday announced that it would invest Tk 2.5 crore in digital start-ups who will make their way to the top of flagship digital entrepreneurship competition r-ventures 3.0.
15 November 2022, 03:00 AM

Beximco to sit on the board of Shipping Corp

Bangladesh Export Import Company Ltd (Beximco) is going to sit on the board of Bangladesh Shipping Corporation as it has bought a significant number of shares of the state-run company. 
15 November 2022, 02:55 AM

Demand for shirts wanes for pandemic

Bangladesh started its journey as a garment exporting nation in 1978 with the shipment of a few thousand formal shirts to a French buyer, MNR. 
15 November 2022, 02:45 AM

Bangladesh’s apparel now targeting Middle East

The Middle East is going to be a major export destination for Bangladesh’s garments as local apparel manufacturers are receiving a lot of queries from buyers in the region. 
15 November 2022, 02:25 AM

25 years of operation: GP on a roll, Robi yet to find strong footing

The entry of mobile network operators Grameenphone and Robi Axiata, which was then Aktel, in 1997 was a watershed moment for Bangladesh as the country embraced Global System for Mobile Communications (GSM) technology, the second-generation digital cellular network used in mobile phones worldwide. 
15 November 2022, 02:20 AM

BB spots cases of trade-based money laundering

The central bank has identified cases of money laundering as it unearthed trade under- and over-invoicing during a special audit. 
15 November 2022, 02:10 AM

Vegetable exports dip to 6-year low

Bangladesh’s earnings from vegetable exports dipped to six-year low in the July-October period of the current fiscal year as high air-freight rates and increased prices eroded the competitiveness of fresh produce.
15 November 2022, 02:05 AM

Global economic outlook getting gloomier: IMF

The global economic outlook is even gloomier than projected last month, the International Monetary Fund said on Sunday, citing a steady worsening in purchasing manager surveys in recent months.
14 November 2022, 18:00 PM

Opec cuts oil demand growth forecast again

Opec on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further trimmed next year’s figure, citing mounting economic challenges including high inflation and rising interest rates.
14 November 2022, 18:00 PM