In a boost to the local ICT sector, the Bangladesh Association of Software and Information Services (BASIS) has signed a memorandum of understanding with Japan Information Technology Services Industry Association (JISA) to increase collaboration.

Social Islami Bank Limited made a Tk 206.83 crore profit in 2022, up more than 18 per cent a year earlier, despite alleged loan irregularities and abrupt resignations by the board chairman and a top official.

South Bangla Agriculture & Commerce (SBAC) Bank Limited clocked a 9 per cent year-on-year increase in profit to Tk 59.34 crore in the financial year that ended on December 31.

During my university days, I was asked by my father to take charge of a horticulture project on a large piece of hilly land in our village in Cumilla.

The Transparency International Bangladesh (TIB) has urged the government to publish the draft Bank Companies (Amendment) Act for the interest of the people.

Summit Corporation Ltd yesterday signed a memorandum of understanding with Japan’s Jera Asia Pte Ltd to collaborate to supply liquefied natural gas and other fuels and develop on-shore and off-shore regasification and storage infrastructure for Bangladesh.

The MoU was signed at the Trade and Investment Summit in Japan

TIB urges government

The two countries will cooperate with each other to develop contacts between the businesses

The turnover increased 26% from the previous day

The insurer's profit stood at Tk 9.91 crore in 2021

Salt farming in Bangladesh has reached the highest level this year since commercial production began in the country six decades ago thanks to favourable weather conditions.

Onion prices have been rising following the Eid-ul-Fitr vacation, bringing hope to farmers across Bangladesh who registered lower yields of the crop due to poor weather during winter this year.

A single company can’t have more than one representative director in the board of a non-bank financial institution (NBFI), said the Bangladesh Bank yesterday. 

Bangladesh’s plans aimed at diversifying export baskets are yet to bring about the expected results as the priority sectors are not enjoying most of the benefits promised in the Export Policy for 2021-24, according to entrepreneurs. 

Agricultural, cereal, and export price indices closed 3 per cent, 2 per cent, and 8 per cent higher respectively in the two weeks since April 6, World Bank’s Food Security Update showed. 

First Security Islami Bank Limited’s profit declined 12.18 per cent year-on-year to Tk 293.93 crore in 2022.

United Commercial Bank Ltd reported a 32 per cent increase in profit to Tk 330.47 crore in 2022.

Investing in the capital market of Bangladesh is always tricky and requires better planning to achieve a positive return. Without a solid understanding of the market, it may be difficult to make a profit.

Bangladesh Bank yesterday urged banks to hold hybrid meetings, connecting attendees either online or in person according to convenience, to cut operating costs.