Unilever Bangladesh Limited (UBL) and the Bangladesh University of Engineering and Technology (Buet) have embarked on a collaborative journey to promote innovation and research.

Stocks listed with the Dhaka Stock Exchange (DSE) fell yesterday, breaking a two-day gaining streak as the investors went for booking profits.

Bo Lingam, group chief executive officer of AirAsia Aviation Group Limited, will come on a three-day official visit to Dhaka today.

The Insurance Development and Regulatory Authority (IDRA) has directed eight life insurers to increase their policy renewal rate after the second year of subscription to 70 per cent from 50 per cent at present.

Eastern Bank Ltd (EBL) inaugurated a “China Business Desk” at its head office in Gulshan yesterday to facilitate trade and banking services between China and Bangladesh. 

Steel manufacturing company GPH Ispat won “SDG Brand Champion Award-2023” in the category of Industry Innovation and Infrastructure for the introduction of B600C-R, the highest-strength rebar ever in Bangladesh.

Oil prices were steady on Monday after US leaders reached a tentative debt ceiling deal, possibly averting a default in the world’s largest economy and oil consumer, but concerns about further interest rate hikes capped gains.

The Asian Development Bank approved a $350 million loan on Monday for bankrupt Sri Lanka, buttressing an IMF bailout as the country battles its worst economic crisis.

Bangladesh Bank yesterday asked non-banks in the country to carry out a pre-audit before disbursing any fund amounting to Tk 1 crore and above so that loan irregularities can be tackled.

In theory and practice, imposed budgets are prepared from top-down direction, i.e., the resources committee sets the high-level budget (often just basic numbers), without collecting detailed information from operating staff. This total general target is then broken down into a detailed budget.

The income tax provision that requires companies to pay 0.6 per cent tax on their gross receipt even after losses is contradictory to the spirit of income tax law, said Mostafa Kamal, chairman and managing director of Meghna Group of Industries (MGI).

PHP Float Glass Industries, a concern of PHP Family, started manufacturing decorative glass at its existing facility in Mirsharai, Chattogram earlier this month. 

No bank in Bangladesh has ever made so much profit in a year

Bo Lingam, president (Aviation), Capital A and Group Chief Executive officer of AirAsia Aviation Group Limited, will arrive in Dhaka tomorrow on a three-day official visit

Turnover, however, remained unchanged

Litchi farmers across Bangladesh are registering poor yields this year due to adverse weather, meaning that consumers will have to pay more for the fruit in face of short supply.

"Mobile sales have dropped drastically due to the economic downturn for people. Handset sales dropped by over 40 per cent year-on-year in the first quarter of 2023"

Sustaining the development that has taken place in Bangladesh in the past 14 years and curbing inequality are key major challenges facing the economy owing to the fallout of the coronavirus pandemic and the Russia-Ukraine war, said Planning Minister MA Mannan.

Banks in Bangladesh witnessed an accumulation of default loans by Tk 10,964 crore in the first three months of 2023, highlighting the worsening financial health of the banking sector, official figures showed.

SMAC IT Limited (SIL), a software development company, yesterday launched a provident fund management software “ProFund” as its latest product innovation in the finance management sector.