Midland Bank signed an issuing bank agreement with the Exim Bank of India under the latter’s Trade Assistance Programme in Dhaka yesterday.

City Bank has announced that it would provide Bangladeshi migrants in Malaysia 2 per cent of whatever they send home as remittance on top of the 2.5 per cent provided by the government as an incentive. 

Bank Asia has signed an “Issuing Bank Agreement” with the Export-Import (Exim) Bank of India to avail a “Trade Assistance Programme” (TAP). 

Mercantile Bank has recently been awarded with the certificate of the International Organisation for Standardisation(ISO) by Bureau Veritas Certification Holding SAS-UK branch for its outstanding performance and fulfilling the requirements of ISO standards.

Stocks in Bangladesh dropped for the third consecutive day yesterday as investors were largely inactive amid deepening uncertainty caused by the sharp deterioration in a number of macroeconomic indicators. 

Far East Knitting & Dyeing Industries Limited posted more than 40 per cent higher profit in the last financial year.  

Apex Foods Limited’s profit more than doubled in the financial year that ended on June 30 on the back of a hike in product prices and a reduction of costs.  

Stocks in Bangladesh fell for the third consecutive day today amid lower participation of investors in the market.

The prime index of the Dhaka Stock Exchange experienced a fall of 0.34 per cent as of 12.24 pm today.

Far East Knitting & Dyeing Industries Limited posted more than 40 per cent higher profit in the last financial year. 

Apex Spinning & Knitting Mills Limited's profit rose 17.75 per cent year-on-year in the last financial year.

Apex Foods Limited's profit more than doubled in the financial year that ended on June 30.

Prime Minister Sheikh Hasina is going to inaugurate 43 industrial units in economic zones next week involving investments worth $1.57 billion, said a press statement of Bangladesh Economic Zones Authority (Beza) yesterday. 

Business executives are frequently exposed to various evolving trends, and quite often, they need to distinguish between hype and reality. For example, the ‘metaverse’ is a popular topic today. People representing a wide gamut of stakeholders are talking about it.  

Fishers in the coastal district of Patuakhali are yet to get any support from the government’s Vulnerable Group Feeding (VGF) programme even though eight days have passed since the 22-day ban on catching hilsa began on October 7.

Import and export of containerised cargo through the country’s premier seaport in Chattogram fell in the first quarter of the current fiscal year compared to that last year, indicating a slowdown in foreign trade resulting from global economic downtrends. 

Bangladesh is working on getting either a free trade agreement (FTA) or economic partnership agreement (EPA) signed with Japan, the most promising export market in Asia, with the commerce ministry having already prepared a relevant memorandum of cooperation (MoC). 

The taka has been rendered one of the worst-performing currencies in South Asia in the last one year because of the plummeting foreign exchange reserves of Bangladesh for higher import payments. 

Dhaka Electric Supply Company Ltd (Desco) posted a 14.50 per cent decline in profit in the financial year that ended on June 30. 

Veon has achieved double-digit growth in Bangladesh and the parent company of Banglalink is now investing heavily in its network in key regions, including Chattogram, to maintain the growth, Veon Group CEO Kaan Terzioglu said yesterday.