SS Steel to acquire another re-rolling mill

Deformed steel bar manufacturer SS Steel yesterday announced that it would acquire another factory, Al-Falah Steel & Re-Rolling Mills, and streamline its operations, all through an investment of around Tk 184 crore.
27 April 2022, 18:00 PM

Islamic Finance asked to form search panel

In a rare move, the Bangladesh Bank has asked Islamic Finance and Investment Ltd (IFIL) to form a search committee for the appointment of a managing director at the non-bank financial institution.
27 April 2022, 18:00 PM

GP to give 250pc cash dividend

Shareholders of Grameenphone have approved 250 per cent cash dividend for 2021.
26 April 2022, 18:00 PM

Bata Shoe returns to profit in Jan-Mar

Bata Shoe, one of the most popular footwear brands in the country, returned to profits in the first quarter (January-March) of the ongoing calendar year after drowning in losses amid the coronavirus pandemic.
26 April 2022, 18:00 PM

Musk gets Twitter for $44b

Elon Musk clinched a deal to buy Twitter Inc for $44 billion cash on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world’s richest person.
26 April 2022, 18:00 PM

Brac Bank, TAP to disburse remittance

Brac Bank recently signed an agreement with Trust Axiata pay (TAP) to directly channel remittance to TAP wallets owned by the beneficiaries in real time.
26 April 2022, 18:00 PM

Robi’s profit buoyed by lower income tax

Robi Axiata, the country’s second largest mobile network provider in terms of subscribers, said its net profit grew 16 per cent year-on-year to Tk 34.29 crore in the first quarter (January-March) of the current financial year as it had to pay less income tax.
26 April 2022, 18:00 PM

Post-import financing made easier

Bangladesh Bank yesterday revised its policy for post-import financing (PIF) to ease the process for importers to get finance smoothly.
26 April 2022, 18:00 PM

China firm to invest $50m in Bepza EZ

Chinese company Venus Beauty Ltd is going to set up a hair fashion accessories manufacturing factory in the Bepza Economic Zone with an investment of $50 million.
25 April 2022, 18:00 PM

Twitter reexamining Musk’s takeover offer

Twitter is reconsidering Elon Musk’s buyout proposal, with discussions between the two camps ongoing Sunday, The Wall Street Journal reported, after the billionaire said Thursday he had secured the necessary funding.
25 April 2022, 18:00 PM

City joins Net-Zero Banking Alliance

City Bank has recently joined Net-Zero Banking Alliance, a platform of banks worldwide representing almost 40 per cent of global banking assets and committed to align lending and investment portfolios with net-zero emissions by 2050.
25 April 2022, 18:00 PM

Brac Bank donates 5pc of CSR fund to PM’s trust

Brac Bank has contributed 5 per cent of its total corporate social responsibility (CSR) budget for 2022 to the Prime Minister’s education assistance trust (EAT).
25 April 2022, 18:00 PM

DBBL approves 27.5pc dividend

Shareholders of Dutch-Bangla Bank Ltd (DBBL) have approved a 27.5 per cent dividend for 2021 as it made higher profits.
24 April 2022, 18:00 PM

Keya Cosmetics gets independent directors

The Bangladesh Securities and Exchange Commission (BSEC) has appointed two independent directors at Keya Cosmetics to improve corporate governance in the company.
24 April 2022, 18:00 PM

Singer launches AC with voice control features

Singer Bangladesh yesterday launched a “Green Inverter Plus Smart” series air conditioner with voice control features.
24 April 2022, 18:00 PM

Need customs services? Call 16134

The National Board of Revenue (NBR) has launched a hotline, 16134, providing services related to an Automated System for Customs Data (Asycuda) and customs.
23 April 2022, 18:00 PM

Suguna Food avails StanChart services

Standard Chartered Bangladesh has established a host-to-host integration solution for multinational feed company Suguna Food and Feeds Bangladesh Private (Suguna).
23 April 2022, 18:00 PM

Worry less, focus on good stocks

Investors should focus on the stocks with good fundamentals instead of making bets on speculative securities and worrying too much about global scenario and their impacts on the market, said Shekh Mohammad Rashedul Hasan, managing director of UCB Asset Management.
23 April 2022, 18:00 PM

Walton records drop in profits

Profits of Walton fell in the January-March period of 2022 due to a hike in global raw material prices and higher shipping charges.
23 April 2022, 18:00 PM

Bangladesh wants to sign CEPA with India in a year

As Bangladesh prepares to graduate into a developing country, its Commerce Minister Tipu Munshi has said his country is keen to clinch a Comprehensive Economic Partnership Agreement (CEPA) or Free Trade Agreement (FTA) not only with India but also with Indonesia and Sri Lanka in a year.
23 April 2022, 18:00 PM