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.

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. 

Shareholders of LankaBangla Finance have approved 10 per cent cash dividend for 2021. 

Entrepreneurs in the country are now investing in new sectors where sophistication is a prerequisite, such as medical device manufacturing, said Planning Minister MA Mannan yesterday.

The Bangladesh Securities and Exchange Commission (BSEC) yesterday approved Sandhani Asset Management SLIC Fixed Income Fund, an open-ended mutual fund.

Square Pharmaceuticals Kenya EPZ Ltd, a subsidiary of Square Pharmaceuticals, has recently received a go-ahead to start commercial manufacturing in its Kenyan factory.

Pubali Bank reelected Monzurur Rahman as its chairman of the board of directors unanimously at the bank’s 1338th board meeting.

Japan’s Toyota Motor Corp on Monday said it missed its global production target for April as covid-19 outbreaks and a parts shortage slowed its post-pandemic recovery.

The government is promoting green and inclusive development as a part of its 8th five-year plan and green growth strategy, said Habibun Nahar, deputy minister for the ministry of environment, forest, and climate change in a national seminar.

Habiganj Agro Ltd and Sylvan Technologies Ltd, sister concerns of Pran-RFL Group, won National Productivity and Quality Excellence Award-2020 for enhancing productivity and manufacturing quality products.

bKash yesterday launched a learning fest called “b.Academy” to make its employees more efficient and future-ready through training and other skill development activities.

Swisscontact Bangladesh recently teamed up with Daraz Bangladesh under a B-Skilful Programme Phase II to promote digital marketing platforms among micro, small, and medium enterprises in leather goods, light engineering, and furniture manufacturing sectors.

MetLife Bangladesh has introduced an online enrolment system for automatic electronic fund transfers (EFT) meant for premium payments.

The Bangladesh Bank yesterday directed non-bank financial institutions (NBFIs) to preserve all documents, either physically or digitally, related to loans, leases or investments until the repayment is complete.

Zarin Daruwala, cluster CEO for India and South Asia at Standard Chartered, had recently come on a four-day official visit to Bangladesh meeting regulators, clients and stakeholders.

LightCastle Partners, one of the growing Bangladesh based management consulting firms, have signed a memorandum of understanding (MoU) with Savoir Bangladesh recently.