Credit card issuance by banks grew at a faster pace in 2022 compared to the year prior as there is a growing interest among people to avail the benefits offered by plastic money, such as interest free loans for up to one-and-a-half months. 

While most listed companies struggled to raise profits in the first half of 2022-23 owing to higher petroleum prices, listed state-run oil companies in Bangladesh saw a staggering double-digit growth in earnings.

The government has kept borrowing from the Bangladesh Bank as commercial banks can’t come up with much-needed funds owing to the liquidity crunch. 

Oil prices dipped on Tuesday after the US government said it would release more crude from its Strategic Petroleum Reserve, while traders look out for US inflation data for further queues.

The Hongkong and Shanghai Banking Corporation (HSBC) has appointed a new country head of wholesale banking in Bangladesh, effective from February 13 and subject to regulatory approvals.

Delta Life Insurance Company Limited has been fined Tk 20 lakh for violating insurance regulations for the 2015-2017 period.

City General Insurance Company Ltd reported a 34 per cent year-on-year growth in profit in 2022 on the back of higher premium incomes.

BD Thai Food & Beverage Ltd made a profit of Tk 1.47 crore in the October-December period of the current financial year, up 13 per cent year-on-year.    

Prof Shamsul Alam, state minister for planning, yesterday called the rice market of Bangladesh as completely deceitful as the staple is not sold under their real names.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has called for a long-term industrial loan facility so that no business becomes “sick” in terms of financial health.

Meticulously crafted over decades as a major revenue stream for the Kremlin, Moscow’s gas trade with Europe is unlikely to recover from the ravages of military conflict.

Brac Bank recently signed an agreement with Confidence Group offering opening of salary accounts, multi-currency debit and credit cards, deposit pension scheme, fixed deposit, loan facilities etc. 

Mutual Trust Bank has closed a $55 million 1-year dual tranche syndicated financing facility arranged by Mashreq, a financial services provider in the Gulf Cooperative Council, Europe, USA, Asia and Africa.

Advertising, public relations and communications agency Triune, a subsidiary of Triune Group, has been named in a list of top 10 advertising agencies for 2023 in Asia by business magazine Asia Business Outlook. 

Md Arif Al Islam, managing director of Summit Communications, has recently been elected global council member of the Association of Chartered Certified Accountants (ACCA). 

Shares on the Dhaka and Chittagong stock exchanges returned to red yesterday as risk-averse investors went for a quick profit-booking.

Standard Chartered has recently been named “Best Bank in Bangladesh for Sustainable Finance” at an Asset Triple A Country Awards for arranging a green zero-coupon bond for Sajida Foundation and green bond for Pran Agro, a concern of Pran-RFL Group. 

The government will provide an incentive of Tk 57.25 crore to farmers for Aus paddy cultivation, according to a press release from the agriculture ministry issued yesterday.

Premier Cement Mills PLC suffered a loss of Tk 112.83 crore in the financial year that ended on June 30, 2022.

In an era of digital revolution, cybercrime has quickly evolved into today’s fastest-growing form of criminal activity.