The Investment Corporation of Bangladesh (ICB) has approved a loan of Tk 20 crore in favour of Prime Bank Investment Limited (PBIL), a merchant bank, from the “special fund for affected small investors of capital market” on a repayment basis.

Eastern Bank Ltd won the “Best Bank Guarantee Partner in Bangladesh 2022” award by a Chinese multinational technology company ZTE for providing quality services for the latter over the years.

Premier Bank Limited organised a half-yearly “Business Conference-2023” at Renaissance Dhaka Gulshan Hotel in the capital yesterday.

More than 10 million people have signed up to Threads, Meta’s rival to Twitter, within the first few hours of its launch, the Facebook parent’s CEO Mark Zuckerberg said Thursday.

Retail sales of cars and bikes in India rose in June, an industry body said on Thursday, while also flagging “demand-supply mismatches” that likely caused some disruption.

Dhaka Bank recently won the title of “Best Corporate Bank in Bangladesh” at the Asiamoney Best Bank Awards 2023 for its contribution to garments, construction, consumer financing, and power sector.

Members of the Dhaka Chamber of Commerce and Industry (DCCI) can now enjoy online facilities for renewing the trade licence of their businesses registered with the Dhaka South City Corporation (DSCC).

The capital market orchestrated a upward movement last week as the benchmark index gained around 16 points due to higher participation of investors after the Eid-U-Azha holidays amid a mix movement of the macroeconomic indicators.

Incidentally, in the last few months, I had the privilege of spending time with a few top executive-level friends who shared their experiences of being victims of corporate politics. In most cases, their bosses used them as scapegoats to protect themselves.

The Bangladesh Small and Cottage Industries Corporation (BSCIC) has sent a proposal to the industries ministry for taking a project that will make the Central Effluent Treatment Plant (CETP) at the Savar Tannery Industrial Estate (STIE) fully functional.

Bangladesh’s foreign exchange reserves fell to $29.97 billion yesterday after the Bangladesh Bank cleared $1.09 billion of import bills through the Asian Clearing Union (ACU), an arrangement for settling payments for intra-regional transactions among eight countries, said a BB official.

Under the ACU, Bangladesh clears import bills every two months and forex reserve usually falls after the payment.

The Investment Corporation of Bangladesh (ICB) has sanctioned a loan of Tk 20 crore in favour of Prime Bank Investment Limited (PBIL) from the “special fund for affected small investors of capital market” on a repayment basis.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), edged down 1 point, or 0.02 per cent, to close at 6,334.

Pharmaceutical exports from Bangladesh shrank 7 per cent year-on-year in fiscal 2022-23 due to the impacts of global economic crises and subsequent US dollar shortage in most underdeveloped countries.

Onion prices have gone up in both wholesale and retail markets in Bangladesh in the span of a week owing to the higher cost of imported varieties of the kitchen staple.

Bangladesh’s wheat imports fell for the third consecutive year, suffered by falling consumption for high prices and banks’ sluggishness in opening letters of credit (LCs) amid the US dollar crisis, importers said yesterday.

The cost-of-living crisis seems to have brought more woes for daily workers in Bangladesh than other groups of labourers as their average wage growth has been below the inflation rate for the past two fiscal years.  

Southeast Bank Ltd announced 10 per cent dividends, including 6 per cent cash dividend, for the year that ended on December 31, 2022.

Obaid Ullah Hamzah, director general of Al-Jamia Al-Islamia Patiya Madrasa, has been elected as the chairman of the Shari’ah Supervisory Committee of Islami Bank Bangladesh.