The Insurance Development and Regulatory Authority (IDRA) has directed life insurance companies to provide accurate information in their reports, stating that inconsistencies were regularly found with what it later unearthed through investigations.

ACME Consumer Products Ltd, a concern of ACME Group, signed a deal with Roots Food & Beverage Ltd recently to acquire the latter and expand its operations centring the manufacture of mango juice and packaging of water and spices.

Mobile financial service provider Nagad Ltd signed a memorandum of understanding (MoU) with National Pension Authority (NPA) recently, enabling customers to choose pension schemes and pay monthly instalments from its app.

Ashraf Ahmed, chief executive officer of Riverstone Capital Limited, has been elected as the president of the Dhaka Chamber of Commerce and Industry (DCCI).

Bangladesh Employers’ Federation (BEF) and BRAC inked a memorandum of understanding yesterday on imparting training on human rights due diligence and responsible business conduct in major industrial sectors in Bangladesh.

The Faculty of Business Studies of the University of Dhaka and Dabir-Sohani-Suraiya Foundation recently signed an agreement on scholarship award.

Mastercard, a global digital payment provider, has launched a winter spend and win campaign for 2023-24, styled “Mesmerizing Morocco”.

Omera Petroleum Ltd, a liquefied petroleum gas (LPG) company, recently signed an agreement with Bangla Trac Ltd, an authorised dealer of the US-based Caterpillar INC in Bangladesh, with the brand name of BanglaCAT.

Concord Architects & Interior Decor Ltd (CAIDL), a concern of Concord Group, and Eastern Bank Ltd recently signed a memorandum of understanding (MoU).

Khadim Ceramics Ltd has won the highest VAT depositor award in Sylhet recently.

CoLoCity Ltd, a data centre formed in 2008, has hit the milestone of 15 years in operation

KDS Accessories Ltd has declared a 10 percent cash dividend for the year 2022-2023 at the company’s 32nd annual general meeting.

Bangladesh Lamps Limited, an authorised manufacturer and distributor of Transtec lighting products including smart LED bulbs and tube lights, declared a 10 percent cash dividend at the 62nd annual general meeting (AGM) of the company.

Sinobangla Industries and Web Coats PLC yesterday got approval from the Bangladesh Securities and Exchange Commission (BSEC) to raise funds of Tk 25 crore.

Principal Secretary to the Prime Minister M Tofazzel Hossain Miah called for necessary policy reforms and alignment to raise private investment growth in the country.

Abul Khair Steel, a steel manufacturing company and a subsidiary of Abul Khair Group, recently organised a conference styled “EngineeringXcellence” at Sheraton Dhaka in Banani.

The Bill & Melinda Gates Foundation has approved a grant for Brac Bank to leverage the digitalisation of banking products and services to cater to a significant number of cottage, micro and small enterprises (CMSEs) and women.

Businesses often face hassles when trading in Bangladesh due to a lack of inter-ministerial coordination, which is a big hurdle for export diversification, a top footwear exporter said yesterday.

Kohinoor Chemical Company (Bangladesh) Ltd has approved a 50 percent dividend, including 40 percent cash dividend, for the financial year that ended on June 30, 2023.

Nagad has been honoured by the National Board of Revenue (NBR) with the “Highest VAT Payer Award” at the national level in the service category for the second consecutive year for the fiscal year 2021-22.