bKash honours top 10 agents

bKash awarded motorcycles to its top 10 agents in recognition of catering outstanding bKash services to the customers.
30 January 2022, 18:00 PM

bti bringing housing solutions for ultra-rich

In order to cater to the growing demand for luxury apartments in Bangladesh, building technology and ideas (bti) ltd is developing spacious housing solutions with high-end features in Dhaka’s Gulshan.
30 January 2022, 18:00 PM

Jamuna wins Best CSR Bank award

Jamuna Bank Ltd won the “Best CSR Bank 2021” at the Global Economics Awards 2021.
29 January 2022, 18:00 PM

Renata profit rises 14pc

Renata logged 14 per cent higher profits year-on-year in the first six months of the current financial year of 2021-22 in spite of a rise in the price of raw material.
29 January 2022, 18:00 PM

IMF warns China’s property stress poses spillover risk

A funding crisis battering China’s big property developers could start to shake the wider economy and global markets, the IMF warned on Friday, saying deeper reforms were needed to fully curb the threat.
29 January 2022, 18:00 PM

eCourier, Aramex join hands to launch cross-border delivery

eCourier Ltd, a subsidiary of Dotlines Group, and Aramex Dhaka Ltd, the local entity of the multinational logistics, courier and package delivery company, have entered into a commercial agreement to utilise their combined strengths to unlock Bangladesh’s international delivery potential.
29 January 2022, 18:00 PM

GPH Ispat’s earnings surge

Listed steel maker GPH Ispat’s profit soared in the first half of the current financial year.
29 January 2022, 18:00 PM

Beximco sees profits soar

Beximco Ltd logged almost four times higher profit in the first half of the ongoing financial year (FY) while the company’s revenue more than doubled at the same time.
27 January 2022, 18:00 PM

Lankan Alliance raises fund for Power Generations

Lankan Alliance Finance Ltd (LAFL) signed an agreement with Manikganj Power Generations Ltd (MPGL), a 162 MW power plant and entity of Doreen Group, over raising Tk 600 million through the  issuance of fully redeemable, non-convertible, cumulative preference shares.
27 January 2022, 18:00 PM

Brac Bank wins ICMAB Award for 5th straight year

Brac Bank Ltd won the Gold Award of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) at the “ICMAB Best Corporate Award 2020”.   
27 January 2022, 18:00 PM

GP’s profit down despite higher revenue

Grameenphone’s net profit dropped 8.2 per cent year-on-year to Tk 3,413 crore in 2021 despite an uptick in overall revenue, owing to higher finance costs and tax expenses.
27 January 2022, 18:00 PM

Apex sees higher profits despite lower sales

Profits of Apex Footwear rose in the first half of the current financial year (FY) compared to the same period in FY 2020-21 despite a drop in net sales.
27 January 2022, 18:00 PM

Aavishkaar, KfW to launch $250m ESG fund

Aavishkaar Capital and German development bank KfW are set to launch the $250 million Environmental, Social and Governance First Fund to help emerging mid-capital-based businesses scale in Africa and Asia.
26 January 2022, 18:00 PM

EBL to issue Tk 500cr subordinated bond

Eastern Bank has decided to issue its third subordinated bond, worth up to Tk 500 crore for seven years, in a bid to enhance the company’s capital base.
26 January 2022, 18:00 PM

Court bars RSRM MD from leaving country

The Money Loan Court in Chattogram in a ruling yesterday barred the managing director of Ratanpur Steel Re-Rolling Mills (RSRM) from leaving the country in a case filed over the company allegedly defaulting on a Tk 312.82 crore loan.
26 January 2022, 18:00 PM

Two Monno entities see profit drop

Two out of three listed companies of Monno Group reported lower earnings in the first half of the financial year owing to increased expenses.
26 January 2022, 18:00 PM

Magnito Digital, bKash in service exchange deal

Magnito Digital and bKash recently signed an agreement for the digital marketing firm to handle the mobile financial service platform’s related social media communications for money transfer services via mobile phones.
25 January 2022, 18:00 PM

Bangladesh Finance to avail Nagad services

Bangladesh Finance and Nagad signed an agreement recently facilitating the non-banking financial institution’s digital transaction services through the mobile financial service provider.
25 January 2022, 18:00 PM

Paramount Textile logs higher profits

Paramount Textile’s shares fell yesterday despite reporting a higher profit in the first half of the financial year.
25 January 2022, 18:00 PM

Unilever to cut 1,500 jobs in overhaul

Unilever unveiled plans on Tuesday to cut about 1,500 management jobs in an overhaul aimed at easing shareholders’ concerns after a failed takeover bid and news that an activist investor had built a stake in the consumer goods giant.
25 January 2022, 18:00 PM