Prime Bank signed an agreement with Electra Holdings, the official seller of Xiaomi branded mobile phones in Bangladesh, at the bank’s head office in Dhaka.

Oil slipped more than 1 percent on Monday as concern eased about the Israel-Hamas war affecting supply from the region and as investors adopted caution ahead of this week’s U.S. Federal Reserve meeting and other indications of global economic health.

The best use of digital public infrastructure (DPI) and artificial intelligence (AI) will eliminate the digital divide in the country with the help of Smart Bangladesh initiative, experts said yesterday.

Green growth would help Bangladesh build long-term resilience against climate risks and potentially achieve its vision of becoming an upper-middle-income country, according to Abdoulaye Seck, World Bank country director for Bangladesh and Bhutan.

In the 506th meeting of its board of directors, NCC Bank re-elected three chairmen for three committees. They are SM Abu Mohsin for the executive committee, Md Nurun Newaz for the risk management committee and Md Obayed Ullah Al Masud for the audit committee of the board.

Commerce Minister Tipu Munshi handed over the "23rd ICAB National Award for Best Presented Annual Reports 2022"

The company made Tk 22 crore profit in Jul-Sep period

In Q3, it suffered a loss of Tk 6.63 crore in 2023, down from a profit of Tk 57.18 crore in 2022

The company's profit hit Tk 10.54 crore in FY23, down from Tk 12.16 crore in FY22

Green Delta Insurance Company Limited is going to purchase 43 percent of shares of Sunlife Insurance Company Limited, which is now struggling to settle claims of clients.

Garment workers urged not to resort to violence over rumour 

The Finance Companies Bill, 2023 was placed in parliament yesterday aiming to curtail the practice of people defaulting on loans from non-bank financial institutions (NBFIs) in the country.

The Foreign Investors’ Chamber of Commerce and Industry (FICCI) has rescheduled the date of its event for “FICCI 60 Years Celebration & Investment Expo 2023”.

In a letter to Bangladesh Bank and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), the Bangladesh Textile Mills Association (BTMA) yesterday said garment exporters owe more than $376 million to its members.

Marico Bangladesh’s profit has grown at a higher pace than revenue in the July-September quarter of the current financial year as the consumer goods manufacturer and marketer was successful in reducing the cost of sales and improve finance income.

IDLC Finance saw a decline in profits in the first nine months of the current calendar year due to a drop in interest and investment incomes as well as low income from commissions. 

GPH Ispat Ltd, a leading steel maker in Bangladesh, reported a massive drop in earnings during financial year 2022-23 due to the spiral in raw materials prices and higher cost of the US dollar in foreign currency transactions.

Trade union leaders of the garment sector yesterday urged the government to announce a “decent” minimum wage for workers as soon as possible to prevent workers from engaging in further agitations. 

Onion prices at wholesale and retail markets in Bangladesh rose yesterday after India set a minimum price of $800 per tonne on exports of the bulb.

Daffodil Computers, a listed computer seller and software service provider in Bangladesh, is making a strategic investment of $50,000 to establish a branch of “Daffodil Global” in Dubai, the capital of the United Arab Emirates.