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

Rural Electrification Board gets new chairman

Additional Secretary Md Selim Uddin has recently joined Bangladesh Rural Electrification Board (BREB) as its chairman.
13 January 2022, 18:00 PM

Beximco’s Tk 3,000cr green sukuk debuts in bourses

Beximco’s Tk 3,000-crore green sukuk, the first shariah-based bond in the corporate sector of Bangladesh, made its trading debut on the Dhaka Stock Exchange yesterday as most stocks ended higher.
13 January 2022, 18:00 PM

Aman Cotton directors fined Tk 3cr each

The Bangladesh Securities and Exchange Commission yesterday fined all but independent and nominated board directors of Aman Cotton Fibrous Tk 3 crore each for violation of securities rules, said the regulator in a statement.
13 January 2022, 18:00 PM

Remove trade barriers with Japan: BGMEA

Local garment exporters yesterday demanded removal of trade barriers in Japan to boost apparel shipments to the East Asian nation.
10 January 2022, 18:00 PM

Upay gets new MD

Mobile financial service provider upay, a subsidiary of United Commercial Bank Ltd, has witnessed the appointment of a new managing director and chief executive officer.
10 January 2022, 18:00 PM

Shopkeepers’ orders on Unilever app up 76pc

Lever Bazar, a business-to-business self-ordering digital platform of Unilever Bangladesh, is registering growing orders from retailers seeking to replenish store shelves. 
9 January 2022, 18:00 PM

Coppertech signs deal with Mohammadi Electric Wires

Coppertech Industries Ltd (CIL) has signed a contract to supply copper wire worth Tk 52 crore annually to Mohammadi Electric Wires & Multi Products Ltd.
9 January 2022, 18:00 PM

Space business: The final (profitable) frontier

The snub-nosed craft resembles a shuttle-airplane mashup, and is the latest entrant in a profit-seeking push with staggering potential -- and risks -- for humans to visit, work or even live in space.
9 January 2022, 18:00 PM

Singer launches new year carnival offers

Singer Bangladesh Ltd has launched a ‘New Year Carnival’ campaign under which it is offering up to 100 per cent discount on refrigerators, televisions, washing machines, air conditioners, computers, and microwave ovens.
9 January 2022, 18:00 PM

Walton set to enter North America; first shipment in mid-2022

Walton Hi-Tech Industries Ltd, a giant in the local consumer electronics sector, is all set to enter the North American market through a shipment of home appliances sometime in the middle of 2022.
9 January 2022, 18:00 PM

Samsung forecasts 52.5pc jump in Q4 profits

Samsung Electronics expects operating profits for the fourth quarter to soar 52.5 per cent, the South Korean tech giant said in a statement on Friday, spurred by record sales.
8 January 2022, 18:00 PM

WB approves $90m in pandemic aid for Iran

The World Bank has approved $90 million in additional financing for Iran, to help fight against the Covid-19 pandemic, a spokesperson said Friday.
8 January 2022, 18:00 PM

Meta’s communications head leaves company

The head of communications at Facebook parent Meta Platforms Inc, John Pinette, is leaving the company, the Wall Street Journal reported on Friday, citing a post he made to employees.
8 January 2022, 18:00 PM

Shahjalal Islami Bank gets new chairman, 2 vice chairmen

Mohammed Younus has been elected as chairman of Shahjalal Islami Bank Ltd at the lender’s 333rd board meeting in Dhaka recently. 
8 January 2022, 18:00 PM

Rancon’s retail electronics company is now RANGS eMART

Rancon Group has unveiled its retail electronics company with the new name “RANGS eMART”.
8 January 2022, 18:00 PM

Google, Facebook fined for ‘cookies’

French regulators have hit Google and Facebook with 210 million euros ($237 million) in fines over their use of “cookies”, the data used to track users online, authorities said Thursday.
6 January 2022, 18:00 PM