RN Spinning strives for a comeback

RN Spinning Mills has decided to lease land from its own concern, Samin Foods, to re-establish a production unit that has remained shut since 2019, when a fire destroyed the premises at the Cumilla Export Processing Zone.
25 January 2022, 18:00 PM

Unique Hotel returns to profit

Unique Hotel and Resorts Ltd, owner of The Westin Dhaka, has returned to profits as its revenue surged in the October-December period of the 2021-22 financial year.
25 January 2022, 18:00 PM

Panasonic to invest $700m to produce batteries for EVs

Japan’s Panasonic will begin producing its new lithium-ion battery for Tesla from as early as 2023, with plans to invest about 80 billion yen ($705 million) in production facilities in Japan, the Nikkei reported on Monday.
24 January 2022, 18:00 PM

Marico profits up 20pc

Marico Bangladesh, a listed fast-moving consumer goods multinational, saw a year-on-year sales growth of just over 17 per cent while profit growth of over 20 per cent in the October-December period of the current financial year.
24 January 2022, 18:00 PM

Pran Dairy, Arla Foods join hands to boost milk production

Pran Dairy, one of the country’s leading dairy companies, and Arla Foods, a European dairy cooperative, have joined hands to work among farmers to improve milk yield and quality along with developing the dairy value chain in Bangladesh.
24 January 2022, 18:00 PM

IBBL establishes credit guarantee arrangement with USDA

Islami Bank Bangladesh Ltd (IBBL) recently established a credit guarantee arrangement with the United States Department of Agriculture (USDA) in the US.
24 January 2022, 18:00 PM

Philips sales hit by Covid, respirator recall

Dutch health technology firm Philips posted big drops in fourth quarter sales and profit Monday, as a faulty respirator recall and supply chain issues weighed on the company.
24 January 2022, 18:00 PM

BFIU seeks bank account details of Dr Yunus

The Bangladesh Financial Intelligence Unit (BFIU) has asked banks to provide detailed information about the accounts and transactions of Nobel laureate Dr Muhammad Yunus for the last two years.
24 January 2022, 18:00 PM

FAO regional confce starts on March 8 in Dhaka

Bangladesh will host the 36th Regional Conference for Asia and the Pacific of the Food and Agriculture Organization (FAO) for the first time since it joined the organisation in 1973.
24 January 2022, 18:00 PM

Fu-Wang Foods shares hit two-year high

Stocks of Fu-Wang Foods surged to a two-year high yesterday amid optimism among investors after the market regulator allowed Minori Bangladesh Ltd to invest in the food processing company.
23 January 2022, 18:00 PM

Standard Bank holds annual business conference

Standard Bank Ltd (SBL) virtually held its Annual Business Conference-2022 recently.
23 January 2022, 18:00 PM

Meghna Bank wins global recognition

Meghna Bank Ltd has received the “Fastest Growing Corporate Bank in Bangladesh” award from The Global Economics, a UK-based business, financial publication and a bi-annual business magazine.
23 January 2022, 18:00 PM

Jamuna Bank, Hotel Sea Pearl sign agreement

Jamuna Bank Ltd recently signed an agreement with Hotel Sea Pearl Beach Resort and Spa in Cox’s Bazar.
23 January 2022, 18:00 PM

Ibn Sina, Meghna see profits rise

The Ibn Sina Pharmaceuticals Industry Ltd said its profits shot up 28 per cent in the July-December period of the 2021-22 financial year, buoyed by its marketing drive to boost sales.
23 January 2022, 18:00 PM

BB rolls out 2nd credit guarantee scheme

Bangladesh Bank yesterday rolled out a Tk 500 crore credit guarantee scheme intending to help banks feel more comfortable in disbursing loans from a refinance scheme dedicated for marginal and landless farmers, low-income professionals and small businesses.
23 January 2022, 18:00 PM

Japan Tobacco accuses BATB of anti-competitive practices

The Bangladesh Competition Commission (BCC) is investigating a complaint of anti-competitive practices filed by Japan Tobacco International (JTI) against British American Tobacco Bangladesh (BATB).
23 January 2022, 18:00 PM

Competition Commission drafts rules to step up inquiry

The Bangladesh Competition Commission (BCC) has drafted rules to complete inquiries within 15 working days after receiving allegations of anti-competitive practices.
22 January 2022, 18:00 PM

Cricketer Mushfiqur MetLife 360Health app ambassador

MetLife Bangladesh has named national cricketer Mushfiqur Rahim as health ambassador for its MetLife 360Health app.
22 January 2022, 18:00 PM

Incepta to produce Covid drug molnupiravir

Incepta Pharmaceuticals Ltd, one of the leading pharmaceutical companies in Bangladesh, is going to produce Covid-19 treatment drug molnupiravir.
22 January 2022, 18:00 PM

Doreen Power logs 26pc higher profits

Doreen Power posted 26 per cent higher earnings at Tk 79.04 crore in July-December of 2021 on the back of handsome revenue growth.
22 January 2022, 18:00 PM