Modern Syntex Limited, one of the nation’s largest man-made fibre (MMF) producing plants located at the Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram, received a loan of 38 million euros and a commercial syndicated term loan of Tk 450.5 crore.

Prime Minister Sheikh Hasina yesterday called upon Belgium and Luxembourg to continue tariff and quota-free access of Bangladeshi goods (except arms and ammunition) to their markets till 2032 under the EBA (Everything but Arms) scheme.

Who doesn’t like talking about the boss, especially if he or she happens to be a nasty one. By now, most of us have come across a boss who can predict the future better than an astrologer. And this skill seems to get honed to perfection during the annual appraisal process each year.

The price will come into effect tomorrow

Its Jan-Sep profit hits Tk 382 crore this year, up from Tk 312 crore last year

It decreased by $60 million in a week

It made a profit of Tk 190 crore in Jan-Sep of 2023, down from Tk 223 the previous year

In Jan-Sep, the company’s profit grew 2.3% in 2023, down from 14.5% in 2022

Appointment came into effect on October 1 this year

Bangladesh Krishi Bank (BKB) has been incurring losses for at least 30 years due mainly to structural weaknesses as the state-run lender has to lend at lower interest rates, pay more for deposits and is sitting on higher non-performing loans. 

Bangladesh Bank is preparing a roadmap for the next government to address the three major issues of exchange rate instability, high inflation and high defaulted loan ratio bearing upon the economy.

Robi Axiata Ltd, the country’s second-largest mobile telecom service provider, said its profit surged three-fold in the first three quarters to the end of September this year, buoyed by increased data revenue and reduced expenses for foreign exchange.

The Customs Bill-2023, aiming to ensure fiscal discipline and accountability in import revenue collection and trade facilitation, was placed in parliament yesterday.

Rick Haque Sikder, a director of National Bank Ltd (NBL) and chairman of R&R Aviation Ltd, has defaulted on repayments of a loan with AB Bank Ltd, which might cost him the directorship if dues are not cleared in two months.   

Bangladesh Bank yesterday handed over letters of intent (LoIs) to Nagad Ltd and Kori, paving the way for them to launch full-fledged digital banks for the first time in the country.

Bangladesh will purchase liquefied natural gas (LNG) from Excelerate Gas Marketing Ltd Partnership, a subsidiary of Excelerate Energy, under a 15-year contract from 2026. 

Community Bank Bangladesh Ltd yesterday organised its 45th board meeting.

Dhaka Bank Ltd, in collaboration with Mastercard, awarded the winners of a campaign styled “Dhaka Bank Spend & Win Big - ICC Men’s Cricket World Cup 2023”.

First Security Islami Bank PLC has celebrated its 24th founding anniversary.

Investment proposals in different sectors fell 34 percent to about Tk 20,962 crore during the July-September period of the current fiscal year, according to the Bangladesh Investment Development Authority (Bida).