Sandhani Asset Management is all set to launch the country’s first no-dividend mutual fund, which is the most tax-efficient investment tool of its kind.

Advanced Chemical Industries Ltd (ACI) has decided to terminate its joint venture with Dabur International Ltd to accelerate its own business, according to a senior official of the company.

Electro Mart, a leading consumer electronics company in Bangladesh, recently unveiled new models of Konka android voice-control televisions at the group’s corporate office in Gulshan, Dhaka, according to a press release.

Standard Chartered Bangladesh and UCEP Bangladesh have launched a re-skilling and employment reintegration programme for individuals whose livelihoods have been impacted by Covid-19 and the recent flooding in northern Bangladesh.

In an effort to keep the foreign exchange reserves stable, the Bangladesh Bank yesterday asked banks to take up to 100 per cent of import payments in advances from businesses while opening letters of credit (LCs) for luxury and non-essential items. 

Midland Bank Limited (MDB), a fourth generation private commercial bank in Bangladesh, recently inaugurated two new deposit schemes to mark its ninth year of commercial operations.

Md Aman Ullah Sarker was recently elected as vice-chairman of Dhaka Bank Limited, according to a press release from the private commercial bank.

Two additional directors of Bangladesh Bank, Md Shabbirul Alam Chowdhury and Saeda Khanam, have been promoted to the post of director. 

The central bank yesterday fixed the maximum transfer limit from a mobile financial service account to a bank account, a move that would give a boost to the fast-expanding mobile banking in Bangladesh.   

Standard Chartered Bangladesh has recently completed the transmission of the country’s first-ever paperless and digital cross-border letter of credit (LC).  

Periwinkle, a renowned apparel and accessories brand for kids in Bangladesh, inaugurated its second store, in collaboration with Step Footwear at the ABC Tradeplex in Dhanmondi on Friday 1st July 2022.

City Bank signed an agreement with IFAD Group to avail Citygem priority banking facilities.

Garment exporters yesterday demanded quick completion of survey and fast release of the 811 containers stored inside BM Container Depot, where a massive industrial accident took place last month, killing 49 and injuring 200.

Safety teams led by Bangladesh Investment Development Authority (Bida) started inspecting multi-storied commercial buildings in the areas of Dhaka North and South City Corporations yesterday.

Eastern Cables is set to export aluminium electrical wires worth $4.20 million to China, according to a company disclosure posted on the Dhaka Stock Exchange (DSE) website yesterday.

Walton Hi-Tech Industries PLC won the RoSPA Health and Safety Gold Awards for ensuring improved work environment, occupational health and safety.

Kansai Nerolac Paints (Bangladesh) Ltd (KNPBL) signed a memorandum of understanding with Sindabad.com, a one-stop solution for all business requirements in the business-to-business universe, over facilitating business through the e-commerce platform.

Md Khalid Mahmood Khan has recently been appointed as chief business officer (CBO) of Mutual Trust Bank with effect from July 1, 2022.

Eastern Bank Ltd recently promoted its deputy managing director to the post of additional managing director.

Banks have been asked to keep their branches that serve the readymade garment industry in Dhaka city, Ashulia, Tongi, Gazipur, Savar, Bhaluka, Narayanganj and Chattogram open for full-day on July 8 and 9.