Mutual Trust Bank has won “Fintech Innovation Challenge Award” in the category of “Enabling Access to Finance for CMSMES” by FinLab BD for their innovative ideas in supporting cottage, micro, small and medium enterprises.

ASM Feroz Alam and Akram Hossain Humayun have recently been re-elected as vice chairman and chairman of executive committee of the board of directors of Mercantile Bank Ltd.

Bangladesh General Insurance Company (BGIC) Ltd has achieved Triple-A (‘AAA’) credit rating in the long-term and ‘ST-1’ in the short term.

Oil prices edged lower on a stronger dollar and signs of profit-taking after a rally in July when investors bet on tighter global supplies and demand growth in the second half of 2023.

The eighth edition of a talent grooming competition titled Textile Talent Hunt was launched yesterday by Textile Today Innovation Hub, a platform of a textile industry-based magazine Textile Today.

The agriculture ministry is working to reduce production costs and increase the variety of crops being cultivated with the aim of doubling agricultural productivity by 2030, according to Agriculture Minister Muhammad Abdur Razzaque.

DGepay Services Limited has received the licence to run as a payment system operator.

Nagad has surrendered its non-bank financial institution (NBFI) licence as most of its shareholders are for it to become a digital bank, said Tanvir A Mishuk, managing director of the mobile financial service (MFS) provider, yesterday. 

100 winners of the show will be called Innovation Masterminds

Banks will verify the thumb impressions with EC database

Names of new senior vice present and six vice presidents were also announced today

The company did it for reduction in raw material prices

After 16 percent below normal rainfall in June, Bangladesh saw a drier July as it registered 50.8 percent below normal rain, which forced many farmers to irrigate their fields to cultivate Aman paddy, the second largest rice crop.

Claim settlement in the insurance sector in Bangladesh stood at 67 percent in 2022, highlighting bad investments and non-compliance that prevented insurers from attaining a higher ratio, data from the regulator showed.

Bangladesh’s life insurance sector has always struggled in claim settlement, but the sector still has some good companies who are bearing the torch for all with faster fund repayment and good corporate governance.

A number of life insurance companies in Bangladesh struggled to settle claims in 2022 due to a lack of liquidity resulting from bad investments and fund embezzlement by their chairmen and directors.

The government is planning to set up a separate economic zone for the fisheries sector in order to promote the fish processing industry, said Fisheries and Livestock Minister SM Rezaul Karim yesterday. 

Fatema Begum, a former additional inspector general of police, has recently joined Bangladesh Finance as its director.

Syed Nasim Manzur has been elected as the chairman of Pioneer Insurance Company Ltd at a meeting of the board of directors of the insurer in Dhaka recently.

Shimanto Bank Ltd signed a memorandum of understanding (MoU) with Dipto Shimanto, a specialised educational institution, in Dhaka yesterday.