The pace of implementation of development schemes of the government hit a three-year high in May of the outgoing fiscal year with Jatiya Sangsad secretariat topping the list while the Finance Division sits at the bottom.

RAK Ceramics, a listed multinational ceramic tiles and sanitaryware maker, is set to invest Tk 902 crore for setting up a new tiles factory in Gazipur to deliver value-added products to local customers. 

International smartphone brand OnePlus has launched the “Nord 2T” model in Bangladesh to tap the potential of fifth generation (5G) networks in the country.

RFL Group organised a conference in Thailand recently for top dealers of brands Good Luck Stationery, Winner Hotpot, Clean Cleaning Brush, Mother Touch Baby Feeding, Sunny Toothbrush, TEL Plastics, Rainbow Paints, Italiano Melamine and Getwell Medical Appliances.

The government yesterday signed an agreement with the Asian Development Bank (ADB) for a $250 million policy-based loan to further improve the social protection system in Bangladesh for supporting the vulnerable population against socioeconomic challenges.

The Bangladesh Association of Software and Information Services (BASIS) has identified seven key focus areas, including the development of quality human resources and local markets and creating a thriving ecosystem for startups, for further development of the ICT sector.

The  proposed budget for the next fiscal year does not properly address how  the government will face challenges in inflation and the energy sector,  according to the International Business Forum of Bangladesh (IBFB).

Monetary and fiscal policies in Bangladesh should be framed in a way so that they work together to achieve the country’s inflation and macroeconomic targets, according to the South Asian Network on Economic Modeling (Sanem).

Mobile financial service provider upay has recently signed an agreement with Northern Electricity Supply Company (Nesco).

LankaBangla Securities has signed a memorandum of understanding with Chartered Life Insurance Company making beneficiary owners (BO) account holders eligible for insurance coverage in case of death and permanent disability.

After Labaid Cardiac Hospital, LabAid Specialized Hospital became the second hospital in the country to receive the "NABH" international Accreditation. On the occasion, the certificate was handed over to Dr A.M. Shamim, Managing Director, Lab Aid Group, in a formal ceremony at the hospital. The "Special Service Week" for patients was inaugurated by cutting a cake to celebrate the international recognition of health services. Directors of Labaid group, specialist doctors, CEO of the hospital, medical directors and senior officials were also present on the occasion. The service week will start on June 2 and run till June 8.

Simplification of tax administration and proper infrastructure development are needed to attract more foreign direct investment (FDI) to Bangladesh, according to speakers at a roundtable on FDI prospects in view of the proposed national budget for the fiscal year of 2022-2023.

Jamuna Bank Ltd recently signed an agreement with the Bangladesh Bridge Authority for the money management of the toll to be collected at the Padma Multipurpose Bridge.

Islami Bank Bangladesh Ltd (IBBL) recently signed a memorandum of understanding with BRB Hospitals enabling up to 25 per cent discount at the hospital for the bank’s cardholders, officials and their family members.

Midland Bank in collaboration with Usha Foundation, a non-government organisation, disbursed a loan of Tk 1 crore, out of Tk 4.50 crore, among 40 entrepreneurs of Jamdani Cluster in Narayanganj.

Standard Chartered Saadiq Bangladesh has won an award at Digital CX Awards 2022 in the category of digital customer experience across the financial services ecosystem.

Rokia Afzal Rahman, chairman of Arlinks, and AK Azad, managing director of Ha-Meem Group, have been re-elected vice-presidents of the International Chamber of Commerce Bangladesh for a two-year term (April 2022 to March 2024).

France-based pharmaceutical manufacturer Servier has launched a medication in Bangladesh that treats high blood pressure.

Eastern Bank has launched a co-brand credit card with Dhaka Stock Exchange (DSE) and Visa exclusively for the stock market employees and its trading right entitlement certificate (TREC) holder companies.

The proposed reduction of the fine on businesses failing to pay value added tax (VAT) in the national budget for fiscal year 2022-23 will reduce operational costs, said The Institute of Chartered Accountants of Bangladesh (ICAB) yesterday.