Customer turnout at various shopping centres, fashion houses and other retail outlets in Dhaka is gaining momentum ahead of Durga Puja, the biggest annual festival for the Hindu community, with traders saying sales will soon exceed that of the pre-pandemic era.

Banks with surplus funds in Bangladesh are increasingly preferring government securities to lending to the private sector as the former gives higher yields amid the continued interest rate cap.   

The government has issued three submarine cable licenses to Summit Communications, CdNet Communications and Metacore Subcom Ltd. Last bastion of state-owned monopoly in telecoms will fall once the private cables emerge from the Bay of Bengal.

Saif Powertec entered a deal with Abu Dhabi-based Safeen Feeders yesterday to run three container feeder vessels on the Bangladesh-United Arab Emirates (UAE) and other international routes.

Dhaka Bank in association with VISA recently launched a prepaid card product called Aspire Student Prepaid Card.

Islami Bank Bangladesh Ltd (IBBL) recently won the ‘Best Bank in Bangladesh’ Award at the South Asian Business Excellence Awards 2022, an initiative of the South Asian Partnership Summit (SAPS).

Dhaka and Chittagong bourses closed in the red for the second consecutive day yesterday as most shares fell amid investors’ persistent concern about rising inflation and continued global economic turmoil.  

Advanced Chemical Industries (ACI) signed a memorandum of understanding with Patuakhali Science and Technology University (PSTU) over biochar production technology on Sunday.

Abdul Kadir Molla has been re-elected chairman of South Bangla Agriculture and Commerce Bank for the second term with effect from September 26.

Doreen Power Generations and Systems Ltd’s profit surged more than 42 per cent in the financial year that ended on June 30, driven by higher revenues.  

The central bank yesterday slashed the interest rate on the loans under a programme that provides funds to the readymade garment sector to beef up its safety system and upgrade environmental standards.  

US weekly magazine Newsweek appreciates Bangladesh’s electric and electronics conglomerate Walton for its growing role in the economic growth and development of the country.

The Bangladesh Telecommunication Regulatory Commission (BTRC) yesterday directed telecom operators in the country to start counting the amount of compensation owed to customers from the first call dropped in a day.

Banks yesterday refixed the rate at which they would buy US dollars coming in through foreign exchange houses in the form of remittance. 

The American Apparel and Footwear Association (AAFA) along with 270 other trade bodies has urged the US Congress for reactivating the Generalised System of Preferences (GSP) for the convenience of the American traders.

Dhaka and Chittagong bourses closed in the red for the second consecutive day today as most shares fell amid investors’ persistent concern about rising inflation and continued global economic turmoil.

A delegation of the Dhaka Chamber of Commerce and Industry (DCCI) will depart Dhaka tomorrow for Turkey to explore bilateral trade and investment opportunities.

Japan may extend $600 million to Bangladesh as budget support, Planning Minister MA Mannan said today.

Doreen Power Generations and Systems Ltd’s profit surged more than 42 per cent in the financial year that ended on June 30 this year.

Rubana Huq, former president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), has been honoured with the Human Right Award by CNMI Sustainable Fashion Awards 2022 on the occasion of Milan Fashion Week.