IBBL named ‘Strongest Islamic Retail Bank in Asia’

Islami Bank Bangladesh has been named “Strongest Islamic Retail Bank in Asia” by UK-based Cambridge IFA in a 7th Islamic Retail Banking Awards 2021.
22 January 2022, 18:00 PM

Guardian Life, Pulse Healthcare sign deal

Guardian Life Insurance and Pulse Healthcare Services signed an agreement recently to make insurance policies available, including innovative digital products such as health microinsurance, through the latter’s digital business-to-business distribution channel.
22 January 2022, 18:00 PM

Walton setting up lab at Buet

Walton has announced signing a memorandum of understanding (MoU) with the Bangladesh University of Engineering and Technology (Buet) to set up a laboratory at the latter for research and development of its electronics and technology products.
20 January 2022, 18:00 PM

Envoy Textiles to issue preference shares

Envoy Textiles has been given go-ahead by the Bangladesh Securities and Exchange Commission (BSEC) to issue fully redeemable non-convertible cumulative preference shares.
20 January 2022, 18:00 PM

UCB gets nod for shariah-based mutual fund

The Bangladesh Securities and Exchange Commission (BSEC) has approved a shariah-based open-ended mutual fund for UCB Asset Management.
20 January 2022, 18:00 PM

Unilever’s Sakshi recognised as global HR leader in Bangladesh

Sakshi Handa, human resources director of Unilever Bangladesh, has been recognised as the top most global human resource leader in Bangladesh by World HRD Congress.
20 January 2022, 18:00 PM

Walton profits slide despite higher sales

Walton Hi-tech Industries saw its profits drop 31 per cent year-on-year despite reporting higher sales in the first half of fiscal 2021-22 due to increased production and transport costs.
20 January 2022, 18:00 PM

KFC brings in two new items

KFC, the global brand well-known for its fried chicken, recently added a couple of new items to their menu which will surely mesmerise everyone in a single bite.
19 January 2022, 18:00 PM

LafargeHolcim’s aggregate operations suspended again

LafargeHolcim Bangladesh has again suspended its aggregate production after the industries ministry filed a petition.
19 January 2022, 18:00 PM

MTB appoints Nazmul as group CFO

Mutual Trust Bank (MTB) recently witnessed the appointment of its new group chief financial officer (CFO).
18 January 2022, 18:00 PM

Secret Recipe opens in Gulshan

Malaysian restaurant chain Secret Recipe yesterday launched a new outlet at Gulshan Avenue in Dhaka.
18 January 2022, 18:00 PM

City Bank reappoints Mashrur as MD

Mashrur Arefin has been reappointed as managing director and chief executive officer of City Bank Ltd for another three-year term with effect from January this year.
18 January 2022, 18:00 PM

Bangladesh’s exports to India to grow record $2b by FY22

Bangladesh’s exports to the Indian markets are expected to reach $2 billion for the first time at the end of the current financial year as the demand for Bangladeshi products is increasing to the neighbouring country.
18 January 2022, 18:00 PM

Businesses fail to take full benefit of industrial policy: FBCCI

Businesses cannot avail various incentives offered in the existing industrial policy because of legal complexities, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) said yesterday.
17 January 2022, 18:00 PM

ONE Bank gets new MD

ONE Bank recently witnessed the appointment of a managing director for a three-year tenure, effective from January 16.
17 January 2022, 18:00 PM

Unilever pursues GSK-Pfizer unit after huge bid rebuffed

Consumer goods giant Unilever on Monday revealed ongoing interest in a consumer health care unit owned by pharmaceutical groups GlaxoSmithKline and Pfizer after a bid of 50 billion ($68 billion) was refused.
17 January 2022, 18:00 PM

CVO Petrochemical to buy Tk 15cr oil tanker

CVO Petrochemical, a listed petrochemical company, has decided to buy an oil tanker that costs Tk 15 crore.
16 January 2022, 18:00 PM

BB ensures NBFI boards stay aware of anomalies

Any irregularity unearthed in non-bank financial institutions (NBFIs) by Bangladesh Bank will from now require the institution concerned to convene a special board meeting within two months of the investigation to present the findings.
16 January 2022, 18:00 PM

Unilever eyes GSK’s consumer goods arm in possible £50b deal

Consumer goods giant Unilever said it had approached Glaxosmithkline about buying the pharmaceutical group’s consumer goods arm, after a newspaper reported that a 50 billion-pound ($68.4 billion) bid it made had been rebuffed.
15 January 2022, 18:00 PM

Bank Asia holds confce on anti-money laundering efforts

Bank Asia Ltd organised a daylong “BAMLCO Conference 2022” for branch anti-money laundering compliance officer (BAMLCO) through digital platform yesterday.
15 January 2022, 18:00 PM