Al-Arafah Islami Bank promoted its deputy managing director to the post of additional managing director (AMD).

Bata Shoe Company (Bangladesh) Limited’s sales rose 51 per cent year-on-year to Tk 213 crore in the July-September quarter on the back of increased turnover during Eid festivals and promotional activities.

The fallow lands of different government organisations, including sugar mills, will be brought under cultivation, Agriculture Minister Muhammad Abdur Razzaque said yesterday.

Berger Paints Bangladesh has decided to invest Tk 480 crore to establish a factory in Bangabandhu Sheikh Mujib Shilpa Nagar. 

Earnings from apparel shipments in October may dip 20 per cent year-on-year for high inflation in Europe due to the Russia-Ukraine war and a production shortfall for the ongoing energy crisis in factories, said the BGMEA chief yesterday.

Rupayan City Uttara in a press conference yesterday announced it would soon hand over to customers some 477 flats of 2,100 square feet to 3,150 square feet of condominium “Rupayan Grand” in Uttara. 

ACI Limited posted a 9.4 per cent higher profit in the last financial year that ended on June 30.

ACME Laboratories has declared higher dividends for its shareholders as the company made higher profits in 2021-22 financial year.

Star Business Report

MAX Infrastructure Ltd, a concern of MAX Group, signed separate two agreements with the Roads and Highways Department (RHD) of the Ministry of Road Transport and Bridges for the implementation of civil works of the SASEC Dhaka-Sylhet Corridor Road Investment Project-work package-1 on Monday.

Standard Chartered Bangladesh recently contributed to funding the Nutrition Rehabilitation Unit (NRU), an initiative launched by the International Centre for Diarrheal Disease Research, Bangladesh (icddr,b) to fight malnutrition.

Linde Bangladesh Ltd reported a 23 per cent year-on-year decline in profit to Tk 21.05 crore in the July-September quarter of 2022. 

JMI Hospital Requisite Manufacturing Limited made a profit of Tk 40.72 crore in the year that ended on June 30, up 30 per cent from a year earlier.  

Aamra Networks Limited witnessed a 9.3 per cent decline in profit in the financial year that ended on June 30. 

Quasem Industries Ltd made Tk 3.56 crore profit in the financial year that ended on June 30, down more than 61 per cent from a year earlier.   

The City Bank Ltd reported a 10.60 per cent year-on-year increase in profit at Tk 112.85 crore in the July-September quarter of 2022.  

Mobile financial service provider Nagad and North South University (NSU) signed a memorandum of understanding (MoU) yesterday to conduct leadership training programmes and research to contribute to women empowerment and gender equity. 

Uttara Bank Limited’s profit fell 26 per cent year-on-year to Tk 45.70 crore in the July-September quarter of 2022.  

Taufika Foods and Lovello Ice-cream PLC made a profit of Tk 12.16 crore in the financial year that ended on June 30. 

Edward M Kennedy Jr, son of late US Senator Edward M Kennedy and nephew of late US President John Kennedy, will visit Bangladesh with his family from October 29 to November 5, 2022.