Sales of some 94 per cent of small and medium enterprises (SMEs) dropped during the pandemic and some 21 per cent faced closure, leading to around 37 per cent of employees losing jobs, revealed SME Foundation yesterday. 

Supermarket chain Meena Bazar, a subsidiary of Gemcon Group, has launched its 16th outlet in NAM Bhaban-2 on Manik Miah Avenue in Dhaka.

Standard Chartered Bangladesh has launched file centres for students at its Gulshan and Dhanmondi branches in a bid to enable seamless banking services for those pursuing education abroad.

Navana has launched Toyota models Raize, Avanza and Veloz at its Tejgaon showroom in Dhaka. 

About 85 per cent of the local and Japanese companies with operations in both nations want their respective governments to sign a free trade agreement (FTA) so that they can continue enjoying duty benefits after Bangladesh graduates from the UN’s list of least developed countries in 2026, according to a survey.

United Feeds Ltd, a sister concern of Meghna Group of Industries (MGI), has been recognised as the ‘Dairy Icon-2021’ by the Ministry of Fisheries and Livestock for contributing to the poultry and fisheries industries of Bangladesh for more than 20 years.

Sonali Bank signed an agreement with Rajdhani Unnayan Kartripakkha (Rajuk) to receive the charges and fees from implementing Urban Resilience Project under the electronic construction permitting system (ECPS) through the “Sonali Payment Gateway” services.

Walton has set up a research and innovation centre in South Korea.

Brac Bank logged a profit after tax of Tk 134 crore in the January-March period of 2022 on a stand-alone basis.

Sonali Aansh Industries’ profits more than tripled in the third quarter of the current financial year on the back of higher export turnover.  

Parking money in banks is no longer attractive as surging inflation is eating away 2.2 per cent of savings in real terms, effectively discouraging depositors, states an analysis of the Centre for Policy Dialogue (CPD). 

The surging inflation in Bangladesh has sent living costs to such an extent that many families are grappling to maintain a decent life with limited budgets, said the Centre for Policy Dialogue (CPD) yesterday.

ICC Bangladesh (ICCB) strongly endorsed the finance ministry’s recent recommendation to avoid hard loans and discourage the import of luxury goods in order to reduce the pressure on declining foreign exchange reserves.

Rangpur Metal Industries (RMI), a concern of Pran-RFL Group, has brought new cooker hood using latest technology to the market.

City Bank recently raised Tk 700 crore issuing its fourth subordinated bond.

Unilever Bangladesh has saved around 3.3 lakh megawatts per hour on energy consumption and reduced its carbon dioxide emission by nearly 70,000 tonnes in 10 years, which is equivalent to planting 30 lakh trees each year, the multinational company said in a report.

Envoy Textiles and Sheltech (Pvt) have secured first and second positions of a “National Productivity and Quality Excellence Award-2020” recently in “Large Industries: Textile and RMG” and “Large Industries: Steel and Engineering” categories respectively.  

Small investments in the cottage and micro sectors are playing an important role in employment generation and sustainable development of the country, said Bangladesh Bank Governor Fazle Kabir at a conference.

Singer Bangladesh has entered into an agreement with Bangladesh Special Economic Zone (BSEZ) to take lease of 35 acres of land in Rupganj of Narayanganj to establish a manufacturing complex. 

Business Information Technology Ltd (BIT) has teamed up with US-based ARRA Networks to introduce their new internet last-mile technology in Bangladesh.