Al-Arafah, Mastercard bring contactless cards

Al-Arafah Islami Bank, in collaboration with Mastercard, yesterday launched the first contactless Islami debit and prepaid cards in Bangladesh.
12 April 2022, 18:00 PM

Paramount Textile to form JV for 100MW plant

Paramount Textile Ltd (PTL) yesterday said it will form a joint venture company with Dynamic Sun Energy Private Ltd to establish a 100 megawatt solar power plant in Pabna sadar, a northwest district.
12 April 2022, 18:00 PM

BSTI starts issuing halal certificates

The Bangladesh Standards and Testing Institution (BSTI) has started issuing halal certificates for food and other products.
11 April 2022, 18:00 PM

Bank Asia gets new additional managing director

Adil Chowdhury has recently been promoted to additional managing director of Bank Asia Ltd.
11 April 2022, 18:00 PM

City Bank senior exec VP promoted

City Bank has recently witnessed the promotion of its senior executive vice-president to the post of deputy managing director (DMD).
11 April 2022, 18:00 PM

Meghna to set up economic zone in Cumilla

Meghna Group of Industries (MGI) is going to set up its third economic zone in the eastern district of Cumilla at a cost of around Tk 1,200 crore in a bid to develop an industrial area that will attract both foreign and local investment.
10 April 2022, 18:00 PM

Walton logs record Tk 127cr sales in March

Walton Hi-Tech Industries recently announced selling about Tk 127 crore worth electrical appliances of its Walton, Marcel and Safe brands in March, which the company said was its highest ever for a single month.
10 April 2022, 18:00 PM

Nagad brings Islamic lifestyle services

Nagad Islamic has included a number of features for Muslim customers, including a zakat calculator and a range of Islamic lifestyle services on its app and website.
10 April 2022, 18:00 PM

Premier Bank to use Fintech Innovation’s platform

Premier Bank recently signed an agreement with Fintech Innovations International DMCC to conduct trade finance business using blockchain technology through the latter’s TradeAssets portal.
10 April 2022, 18:00 PM

Commodity exchange need of the hour

A commodity exchange is needed for Bangladesh as it will ensure fair prices for both producers and consumers, said Asif Ibrahim, chairman of the Chittagong Stock Exchange (CSE), as it is set to appoint a consultant to establish the market.
10 April 2022, 18:00 PM

BB, Brac Bank sign deal to refinance small businesses

Bangladesh Bank and Brac Bank have signed an agreement to provide refinancing facilities to cottage, micro, small and medium enterprises (CMSMEs).
9 April 2022, 18:00 PM

Akij sets up its first rooftop solar power plant

Akij Group has set up its first rooftop solar plant with a power generation capacity of 470 kilowatts at Janata Jute Mills in Faridpur’s Boalmari upazila with technical solutions and support of Huawei and Cynergy.
9 April 2022, 18:00 PM

Walton doubles motherboard production

Walton has doubled its motherboard production capacity as the local technology giant looks to become savvier in high-tech and cut reliance on imports for advanced technologies.
9 April 2022, 18:00 PM

LafargeHolcim gets SC go-ahead

The Supreme Court’s Appellate Division has allowed LafargeHolcim Bangladesh to continue production and sale of aggregates in the open market until the government forms a related policy.
7 April 2022, 18:00 PM

Nagad MD wins Fintech Personality of the Year award

Tanvir A Mishuk, founder and managing director of Nagad, won the Fintech Personality of the Year-2022 award of the UK-based Global Brands Magazine.
6 April 2022, 18:00 PM

Walton expands global footprint

Walton Hi-Tech Industries PLC has won the bid to acquire three European brands and the trademark and branding rights in 57 countries, seeing off two renowned companies.
6 April 2022, 18:00 PM

7up celebrates Ramadan with limited-edition packs

7UP, a lemon-lime flavoured non-caffeinated soft drink brand, unveiled its summer campaign featuring brand ambassador Shakib Al Hasan and its limited-edition  Ramadan packs yesterday, marking the month of Ramadan with a dash of fresh thinking.
5 April 2022, 18:00 PM

EBL fined for breaching banking rules

The Bangladesh Bank has imposed a fine of Tk 5 lakh on Eastern Bank Ltd (EBL) for disbursing loans to its subsidiary and associate in violation of the single borrower exposure limit.
5 April 2022, 18:00 PM

EBL ATMs to connect with Bangabandhu Satellite-1

Eastern Bank Ltd (EBL) signed an agreement with Bangladesh Satellite Company to connect its ATM network to Bangabandhu Satellite-1.
5 April 2022, 18:00 PM

Brac Bank honours remittance beneficiaries

Brac Bank organised a programme in Munshiganj town recently for raising awareness on the benefits of remittance inflow through banking channels alongside honouring the top 10 remittance beneficiaries of Munshiganj.
5 April 2022, 18:00 PM