Standard Chartered Bangladesh (SCB) and BRAC have launched a joint initiative to help improve the livelihoods of 350 fishermen based in the Sundarbans.

Akash Digital TV, a Direct To Home (DTH) service provider, launched a special campaign for its consumers recently, offering them the chance to avail an AKASH connection starting at Tk 2,999, with a 12-month standard pack recharge.

Pubali Bank signed an agreement with German bank Landesbank Baden-Wuerttemberg (LBBW) to provide export credit agency financing of 34 million euros through Pubali Bank to facilitate imports of brand-new capital machineries for Lantabur Textile Ltd, read a press release.

National Finance Limited (NFL), a non-banking financial institution, has appointed Irteza Ahmed Khan as its managing director, read a press release.

CA Property Development Limited (CPDL), a real estate firm of the country, signed a memorandum of understanding (MoU) with United Commercial Bank PLC at the UCB corporate head office in Dhaka.

Ispahani Group, one of the leading conglomerates of the country, has made an equity investment for a minority stake in Tampaco Foils Limited, a company under packaging firm Tampaco Group. 

Ifad Autos Ltd, one of the leading automobile companies in Bangladesh, reported a loss of Tk 15 crore in the financial year of 2022-23. 

Unilever Consumer Care Limited (UCCL), the manufacturer of Horlicks in Bangladesh, said it generated a 25 percent year-on-year higher profit in the three quarters to September even though revenue dropped.

PricewaterhouseCoopers (PwC) firms around the world logged a record gross revenue of $53.1 billion, growing by 9.9 percent in terms of local currency and 5.6 percent in terms of US dollars compared to gross revenues of the financial year 2022.

Muhammed Aziz Khan, chairman of Summit Group, has been awarded the Public Service Medal (Covid-19) at the National Awards of Singapore for his outstanding contributions to society during the pandemic.

Edison Real Estate Ltd, a developer in Bashundhara residential area, recently signed a memorandum of understanding (MoU) with DBH Finance PLC, a housing finance institution.

Walton Hi-Tech Industries PLC saw its profits bounce back in the first quarter of the current fiscal year mainly due to lower finance costs.

Apparel trims and packaging products maker KDS Accessories said its revenue dropped in the financial year 2022-23 owing to decline in demand from garment exporters, the main consumers of its products.

Eastern Bank PLC will help as lead arranger to manage a syndicated loan worth Tk 300 crore for Shakti Foundation, a microfinance institution in Bangladesh.

The International Chamber of Commerce-Bangladesh (ICC-B) has suggested the government adopt climate-smart agricultural practices to improve the resilience and sustainability of the agriculture sector.

Berger Paints Bangladesh Ltd awarded winners of the 28th Berger Young Painters’ Art Competition at the Gulshan Club in Dhaka on Sunday.

Islami Bank Bangladesh Ltd (IBBL), country’s largest Shariah-based bank, registered a marginal increase in its profit in the first nine months of the current year although its earnings declined in the third quarter, it said today.

BSRM, the biggest steel maker in Bangladesh, has taken a nearly Tk 1,900 crore scheme to set up its second re-rolling plant to expand its capacity and cater to increased demand for public and private construction in the country, it said today.

Reshadur Rahman selected as president, Shams Mahmud elected as secretary general

The Foreign Investors’ Chamber of Commerce and Industry (FICCI) is set to host a two-day investment exposition from November 8 at Radisson Blu Dhaka Water Garden marking its 60th anniversary. Prime Minister Sheikh Hasina is expected to inaugurate the event as the chief guest, announced the FICCI at a press briefing at Pan Pacific Sonargaon Dhaka today.