The country’s largest business-to-business (B2B) e-commerce platform, ShopUp, yesterday said it raised $75 million or nearly Tk 640 crore in its latest round of fund-raising as it looks to ramp up its operation by bringing small neighbourhood groceries and small retail shops online.

The steelmaker initiated the massive expansion plan in 2016 and invested Tk 2,390 crore to establish the state-of-the-art plant, which is the second of its kind in the world.

Stocks rose for five consecutive days yesterday, taking the main index of the premier bourse to a new high.

SME Foundation yesterday signed a memorandum of understanding (MoU) with Dhaka Stock Exchange (DSE) to help small and medium enterprises (SMEs) raise up to Tk 30 crore in funds from the capital market for expanding their businesses.

There is an ongoing debate in the share market whether securities on the Dhaka Stock Exchange (DSE) are overvalued as the benchmark index shows no signs of slowing down after hitting the historic high last month.

The flow of work orders to the garment industry is rebounding strongly on the back of the reopening of stores of retailers and brands in Europe and the US, the two main export destinations for the apparel manufacturers in Bangladesh.

The spinning industry in Bangladesh is witnessing massive investment as local entrepreneurs are either expanding their production capacities or setting up new units as the demand for garment raw materials is rising.

The small and medium enterprises (SMEs) can now raise up to Tk 30 crore from the capital market.

Facebook and YouTube often do not respond to Bangladesh’s requests to remove defamatory contents from their platforms, Posts and Telecom Minister Mustafa Jabbar said today.

Stocks continued soaring for the last five consecutive days, which helped the index to hit a new height crossing 7,000 points.

Bangladesh has utilised just 6 per cent of three Indian lines of credit (LoCs), collectively worth more than $7 billion, in the past decade because of slow project implementation.

The stock market regulator yesterday gave the go-ahead to a Union Bank proposal for raising Tk 428 crore through an initial public offering (IPO), the largest amount by any bank in Bangladesh.

E-commerce company Evaly said it owed around Tk 206 crore to merchants. 

Bangladesh Bank yesterday fined NRB Commercial Bank Tk 23.50 lakh for its aggressive investments in the capital market in breach of rules.

Rights violations have compounded sufferings of consumers in Bangladesh, with the number of complaints rising a staggering 61 per cent in the span of a year.

The Dhaka bourse scaled new heights yesterday, crossing 7,000 points as buoyant investors increased their bets in hopes that the market would maintain its upward trend in the coming days.

The High Court (HC) yesterday asked the country’s mobile network operators to resolve any problem regarding slow internet speeds.

Southeast Bank has recently witnessed the appointment of two new chairmen for its executive committee and risk management committee at its 636th board of directors meeting. 

Bangladesh Bank yesterday increased the volume of a refinance scheme dedicated to marginal and landless farmers, low-income professionals and small businesses.

The price of every litre of edible oil was increased by Tk 4, or 2.6 per cent, yesterday, meaning a one-litre bottle of soybean oil will now cost Tk 153.