The Insurance Development and Regulatory Authority (IDRA) has fined 21 insurance companies over Tk 72 lakh for, among others, purchasing assets without its approval, charging higher premiums than the government fixed rates and forging letters.

Standard Chartered is leaving seven countries in Africa and the Middle East where it is sub-scale as it seeks to improve profits by narrowing its focus to faster-growing markets in the region, it said on Thursday.

MetLife announced a set of 2030 “diversity, equity and inclusion” (DEI) commitments to address the needs of the underserved and underrepresented through a mix of investments, products and services, supply chain, volunteering and community efforts.

Aziz Ahmad, chief executive officer of IT consultancy firm UTC Associates and skills training institute CodersTrust, has been presented a 2022 World Green Energy Symposium (WGES) Nova Award.

State Minister for ICT Zunaid Ahmed Palak recently visited an under-construction research and development facility of Runner Group in Bhaluka, Mymensingh for the manufacture of two and three-wheelers and electric vehicles.

City Bank’s profit rose by around 26 per cent in 2021, when the bank logged Tk 549 crore consolidated profit after tax.

Shameem Ahsan, partner of Pegasus Tech Ventures, has been re-elected as the president of the Venture Capital & Private Equity Association of Bangladesh (VCPEAB) for a two-year term.

The Metropolitan Chamber of Commerce and Industry (MCCI) Dhaka and Bangladesh Employers’ Federation (BEF) organised a briefing on Corporate Due Diligence Obligations for the Prevention of Human Rights Violations in Supply Chain at the former’s office in Gulshan, Dhaka recently.

Al-Arafah Islami Bank, in collaboration with Mastercard, yesterday launched the first contactless Islami debit and prepaid cards in Bangladesh.

Paramount Textile Ltd (PTL) yesterday said it will form a joint venture company with Dynamic Sun Energy Private Ltd to establish a 100 megawatt solar power plant in Pabna sadar, a northwest district.

Incepta Pharmaceuticals has launched a new medicine under the brand name of “Linatab E’’ that combines Linagliptin and Empagliflozin, the two most remarkable and safe therapeutic classes of modern times for controlling diabetes.

Muhammad Ibrahim has been appointed as the new chief executive officer of the Public Private Partnership (PPP) Authority.

The Chittagong Stock Exchange (CSE) yesterday signed a memorandum of understanding with India’s Multi Commodity Exchange (MCX) to launch Bangladesh’s first-ever commodity exchange.

Bangladesh Bank yesterday drew up a classification and provisioning policy for a group of financial items of banks excluding loans and advances, terming it “other assets”, with a view to ensuring discipline in the banking sector.

Adil Chowdhury has recently been promoted to additional managing director of Bank Asia Ltd.

City Bank has recently witnessed the promotion of its senior executive vice-president to the post of deputy managing director (DMD).

The Bangladesh Standards and Testing Institution (BSTI) has started issuing halal certificates for food and other products.

Meghna Group of Industries (MGI) is going to set up its third economic zone in the eastern district of Cumilla at a cost of around Tk 1,200 crore in a bid to develop an industrial area that will attract both foreign and local investment.

Walton Hi-Tech Industries recently announced selling about Tk 127 crore worth electrical appliances of its Walton, Marcel and Safe brands in March, which the company said was its highest ever for a single month.

Nagad Islamic has included a number of features for Muslim customers, including a zakat calculator and a range of Islamic lifestyle services on its app and website.