Businesses fail to take full benefit of industrial policy: FBCCI

Businesses cannot avail various incentives offered in the existing industrial policy because of legal complexities, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) said yesterday.
17 January 2022, 18:00 PM

ONE Bank gets new MD

ONE Bank recently witnessed the appointment of a managing director for a three-year tenure, effective from January 16.
17 January 2022, 18:00 PM

Unilever pursues GSK-Pfizer unit after huge bid rebuffed

Consumer goods giant Unilever on Monday revealed ongoing interest in a consumer health care unit owned by pharmaceutical groups GlaxoSmithKline and Pfizer after a bid of 50 billion ($68 billion) was refused.
17 January 2022, 18:00 PM

CVO Petrochemical to buy Tk 15cr oil tanker

CVO Petrochemical, a listed petrochemical company, has decided to buy an oil tanker that costs Tk 15 crore.
16 January 2022, 18:00 PM

BB ensures NBFI boards stay aware of anomalies

Any irregularity unearthed in non-bank financial institutions (NBFIs) by Bangladesh Bank will from now require the institution concerned to convene a special board meeting within two months of the investigation to present the findings.
16 January 2022, 18:00 PM

Unilever eyes GSK’s consumer goods arm in possible £50b deal

Consumer goods giant Unilever said it had approached Glaxosmithkline about buying the pharmaceutical group’s consumer goods arm, after a newspaper reported that a 50 billion-pound ($68.4 billion) bid it made had been rebuffed.
15 January 2022, 18:00 PM

Bank Asia holds confce on anti-money laundering efforts

Bank Asia Ltd organised a daylong “BAMLCO Conference 2022” for branch anti-money laundering compliance officer (BAMLCO) through digital platform yesterday.
15 January 2022, 18:00 PM

Rural Electrification Board gets new chairman

Additional Secretary Md Selim Uddin has recently joined Bangladesh Rural Electrification Board (BREB) as its chairman.
13 January 2022, 18:00 PM

Beximco’s Tk 3,000cr green sukuk debuts in bourses

Beximco’s Tk 3,000-crore green sukuk, the first shariah-based bond in the corporate sector of Bangladesh, made its trading debut on the Dhaka Stock Exchange yesterday as most stocks ended higher.
13 January 2022, 18:00 PM

Aman Cotton directors fined Tk 3cr each

The Bangladesh Securities and Exchange Commission yesterday fined all but independent and nominated board directors of Aman Cotton Fibrous Tk 3 crore each for violation of securities rules, said the regulator in a statement.
13 January 2022, 18:00 PM

Remove trade barriers with Japan: BGMEA

Local garment exporters yesterday demanded removal of trade barriers in Japan to boost apparel shipments to the East Asian nation.
10 January 2022, 18:00 PM

Upay gets new MD

Mobile financial service provider upay, a subsidiary of United Commercial Bank Ltd, has witnessed the appointment of a new managing director and chief executive officer.
10 January 2022, 18:00 PM

Coppertech signs deal with Mohammadi Electric Wires

Coppertech Industries Ltd (CIL) has signed a contract to supply copper wire worth Tk 52 crore annually to Mohammadi Electric Wires & Multi Products Ltd.
9 January 2022, 18:00 PM

Space business: The final (profitable) frontier

The snub-nosed craft resembles a shuttle-airplane mashup, and is the latest entrant in a profit-seeking push with staggering potential -- and risks -- for humans to visit, work or even live in space.
9 January 2022, 18:00 PM

Singer launches new year carnival offers

Singer Bangladesh Ltd has launched a ‘New Year Carnival’ campaign under which it is offering up to 100 per cent discount on refrigerators, televisions, washing machines, air conditioners, computers, and microwave ovens.
9 January 2022, 18:00 PM

Walton set to enter North America; first shipment in mid-2022

Walton Hi-Tech Industries Ltd, a giant in the local consumer electronics sector, is all set to enter the North American market through a shipment of home appliances sometime in the middle of 2022.
9 January 2022, 18:00 PM

Shopkeepers’ orders on Unilever app up 76pc

Lever Bazar, a business-to-business self-ordering digital platform of Unilever Bangladesh, is registering growing orders from retailers seeking to replenish store shelves. 
9 January 2022, 18:00 PM

Meta’s communications head leaves company

The head of communications at Facebook parent Meta Platforms Inc, John Pinette, is leaving the company, the Wall Street Journal reported on Friday, citing a post he made to employees.
8 January 2022, 18:00 PM

Shahjalal Islami Bank gets new chairman, 2 vice chairmen

Mohammed Younus has been elected as chairman of Shahjalal Islami Bank Ltd at the lender’s 333rd board meeting in Dhaka recently. 
8 January 2022, 18:00 PM

Rancon’s retail electronics company is now RANGS eMART

Rancon Group has unveiled its retail electronics company with the new name “RANGS eMART”.
8 January 2022, 18:00 PM