EBL to issue Tk 500cr subordinated bond

Eastern Bank has decided to issue its third subordinated bond, worth up to Tk 500 crore for seven years, in a bid to enhance the company’s capital base.
26 January 2022, 18:00 PM

Court bars RSRM MD from leaving country

The Money Loan Court in Chattogram in a ruling yesterday barred the managing director of Ratanpur Steel Re-Rolling Mills (RSRM) from leaving the country in a case filed over the company allegedly defaulting on a Tk 312.82 crore loan.
26 January 2022, 18:00 PM

Two Monno entities see profit drop

Two out of three listed companies of Monno Group reported lower earnings in the first half of the financial year owing to increased expenses.
26 January 2022, 18:00 PM

Magnito Digital, bKash in service exchange deal

Magnito Digital and bKash recently signed an agreement for the digital marketing firm to handle the mobile financial service platform’s related social media communications for money transfer services via mobile phones.
25 January 2022, 18:00 PM

Bangladesh Finance to avail Nagad services

Bangladesh Finance and Nagad signed an agreement recently facilitating the non-banking financial institution’s digital transaction services through the mobile financial service provider.
25 January 2022, 18:00 PM

Paramount Textile logs higher profits

Paramount Textile’s shares fell yesterday despite reporting a higher profit in the first half of the financial year.
25 January 2022, 18:00 PM

Unilever to cut 1,500 jobs in overhaul

Unilever unveiled plans on Tuesday to cut about 1,500 management jobs in an overhaul aimed at easing shareholders’ concerns after a failed takeover bid and news that an activist investor had built a stake in the consumer goods giant.
25 January 2022, 18:00 PM

RN Spinning strives for a comeback

RN Spinning Mills has decided to lease land from its own concern, Samin Foods, to re-establish a production unit that has remained shut since 2019, when a fire destroyed the premises at the Cumilla Export Processing Zone.
25 January 2022, 18:00 PM

Unique Hotel returns to profit

Unique Hotel and Resorts Ltd, owner of The Westin Dhaka, has returned to profits as its revenue surged in the October-December period of the 2021-22 financial year.
25 January 2022, 18:00 PM

Panasonic to invest $700m to produce batteries for EVs

Japan’s Panasonic will begin producing its new lithium-ion battery for Tesla from as early as 2023, with plans to invest about 80 billion yen ($705 million) in production facilities in Japan, the Nikkei reported on Monday.
24 January 2022, 18:00 PM

Marico profits up 20pc

Marico Bangladesh, a listed fast-moving consumer goods multinational, saw a year-on-year sales growth of just over 17 per cent while profit growth of over 20 per cent in the October-December period of the current financial year.
24 January 2022, 18:00 PM

Pran Dairy, Arla Foods join hands to boost milk production

Pran Dairy, one of the country’s leading dairy companies, and Arla Foods, a European dairy cooperative, have joined hands to work among farmers to improve milk yield and quality along with developing the dairy value chain in Bangladesh.
24 January 2022, 18:00 PM

IBBL establishes credit guarantee arrangement with USDA

Islami Bank Bangladesh Ltd (IBBL) recently established a credit guarantee arrangement with the United States Department of Agriculture (USDA) in the US.
24 January 2022, 18:00 PM

Philips sales hit by Covid, respirator recall

Dutch health technology firm Philips posted big drops in fourth quarter sales and profit Monday, as a faulty respirator recall and supply chain issues weighed on the company.
24 January 2022, 18:00 PM

BFIU seeks bank account details of Dr Yunus

The Bangladesh Financial Intelligence Unit (BFIU) has asked banks to provide detailed information about the accounts and transactions of Nobel laureate Dr Muhammad Yunus for the last two years.
24 January 2022, 18:00 PM

FAO regional confce starts on March 8 in Dhaka

Bangladesh will host the 36th Regional Conference for Asia and the Pacific of the Food and Agriculture Organization (FAO) for the first time since it joined the organisation in 1973.
24 January 2022, 18:00 PM

Fu-Wang Foods shares hit two-year high

Stocks of Fu-Wang Foods surged to a two-year high yesterday amid optimism among investors after the market regulator allowed Minori Bangladesh Ltd to invest in the food processing company.
23 January 2022, 18:00 PM

Standard Bank holds annual business conference

Standard Bank Ltd (SBL) virtually held its Annual Business Conference-2022 recently.
23 January 2022, 18:00 PM

Meghna Bank wins global recognition

Meghna Bank Ltd has received the “Fastest Growing Corporate Bank in Bangladesh” award from The Global Economics, a UK-based business, financial publication and a bi-annual business magazine.
23 January 2022, 18:00 PM

Jamuna Bank, Hotel Sea Pearl sign agreement

Jamuna Bank Ltd recently signed an agreement with Hotel Sea Pearl Beach Resort and Spa in Cox’s Bazar.
23 January 2022, 18:00 PM