AB Bank Ltd signed an agreement with bKash yesterday enabling remittance to be sent directly to the beneficiary’s mobile financial service (MFS) wallet through the lender. 

IFIC Bank PLC has recently promoted a senior executive vice-president to the post of deputy managing director (DMD). 

Prime Bank signed an agreement with Prime Bank Securities Limited (PBSL) recently to provide automated banking solutions through its digital platform PrimePay. 

United Commercial Bank (UCB) organised a daylong agricultural entrepreneurship skills development trainings styled “Voroshar Notun Janala” under an Agro-CSR Project 2023 at Nehal Green Park in Kishoreganj and at Regional Cooperative Training Centre in Narsingdi yesterday. 

Japanese trading company ITOCHU Corporation is set to enter the Bangladesh market by offering bags of its OUTDOOR PRODUCTS brand through YELLOW, a fashion and lifestyle brand of Beximco Group.

Bangladesh needs to provide quality public goods and services, raise productivity and adapt to technological advancement-induced challenges to maintain its growth towards its aim to become an upper-middle-income country, said an economist working for the British government yesterday.

Shipbuilders have been granted another two and a half months or so to reschedule their defaulted loans through a 2.5 per cent down payment, according to a Bangladesh Bank (BB) notice yesterday. 

Fintech is a buzz word or a disruption or an innovation in this transforming world. We have always seen such debate among different types of experts or colleagues from financial industries at home and abroad. But we can’t ignore its rapid disruption towards financial inclusion and growth.

Highlighting tremendous success achieved over the last 15 years, Prime Minister's Adviser Salman F Rahman on Tuesday laid emphasis on joint efforts to address the challenges ahead to avoid the middle-income trap.

Bangladesh Lamps is going to set up a production line to manufacture plastic parts for tube lights, said the company today.

Mrinal Biswas, a resident of Botiaghata upazila in Khulna, doesn’t find job opportunities every day. And when the 62-year-old fisheries worker is lucky to be employed, he earns Tk 500 per day.  

Like Japanese and Chinese companies operating in Bangladesh, domestic firms as well as those from other countries are not happy with the overall business climate in the country, said a number of entrepreneurs, heads of chambers and experts. 

The Payra sea port’s first terminal is expected to be up and running by October, facilitating transport of goods from mother vessels and speeding up operations in the country’s third major seaport. 

Community Bank Bangladesh Ltd organised a celebration at the police headquarters yesterday marking its fourth anniversary. 

Mercantile Bank PLC organised a conference on “Prevention of Money Laundering and Combating Financing of Terrorism” in Feni recently for agent outlets of Cumilla and Noakhali. 

German car giant BMW on Monday said it would invest more than 600 million ($751 million) in its UK plants making the Mini, with the Oxford site producing only electric vehicles from 2030.

Trust Bank Ltd organised a conference on preventing money laundering and combating financing of terrorism at BURO Bangladesh’s Cumilla office recently for its officials of the Cumilla region. 

The Hongkong and Shanghai Banking Corporation (HSBC) signed an agreement with garment manufacturer Ha-Meem Group recently on using online platform HSBCnet to streamline their payments to multiple vendors through a consolidated file upload. 

The Income Tax Act 2023 came into effect in June. The law, which replaced the Income Tax Ordinance 1984, has received appreciation from various quarters. At the same time, it has created some concerns among finance and tax professionals regarding compliance challenges. 

MedEasy, a Dhaka-based online pharmacy startup, has managed to raise $750,000 in seed funding to expand services.