Eastland Insurance Company Ltd posted a 7.14 per cent year-on-year increase in profit in the April-June quarter. 

AB Bank Limited’s profit surged 50 per cent year-on-year in the April-June this year, driven mainly by an increase in interest income, commission, exchange and brokerage revenues. 

Unilever Consumer Care Ltd, a subsidiary of Unilever in Bangladesh, posted a 78.66 per cent year-on-year increase in profit in the April-June quarter of 2022. 

AB Bank signed an agreement as escrow agent for the Rajdhani Unnayan Kartripakkha’s (Rajuk) project with Jhilmil Residential BD on Sunday.

Takaful Islami Insurance Ltd posted a lower profit in the second quarter of 2022. 

The City Bank Ltd posted a slightly higher profit in the second quarter of 2022. 

Agrani Insurance Company Ltd’s profit declined by 40.81 per cent year-on-year in the second quarter of 2022. 

Pran-RFL Group, one of the country’s leading industrial houses, has targeted exporting all products it manufactures for the local market of $1 billion by 2025 and $2 billion by 2030.  

A subsidiary of Hyundai Motor Co has used child labor at a plant that supplies parts for the Korean carmaker’s assembly line in nearby Montgomery, Alabama, according to area police, the family of three underage workers, and eight former and current employees of the factory.

HungryNaki, Alibaba’s food delivery affiliate in Bangladesh, has scaled down operations by half and laid off a majority of its employees. 

Brac Bank yesterday announced a partnership with TerraPay to enable non-resident Bangladeshis abroad to send funds to Bangladesh in real time. 

Indian oil-to-telecoms giant Reliance Industries reported earnings that missed analyst estimates Friday, despite a strong performance by its core oil-refining business.

Midas Financing virtually organised the company’s 26th annual general meeting recently.

Hatil, premium furniture brand of Bangladesh, has participated in the 33rd edition of Index Fair 2022 in Mumbai, India.

Twitter blamed disappointing results Friday on  “headwinds,” including the uncertainty imposed on the company by Elon Musk’s chaotic buyout bid.

Bangladesh should quickly do some homework on how to tap its potential of earning billions from the global pharmaceuticals market as the country will lose its preferential trade benefits after graduating from a least developed country (LDC) in 2026, according to an economist.

Finnish telecom equipment maker Nokia said it expects the global semiconductor shortage to ease later this year, as it reported quarterly operating profit that beat market expectations, boosted by solid demand for 5G gear.

Walton Hi-Tech Industries PLC, an electronics and technology product manufacturer and exporter of Bangladesh, has taken an initiative to save electricity and gas in keeping with the government’s move to cut energy consumption.

Union Bank Ltd has signed an agreement with Titas Gas Transmission and Distribution Company Ltd enabling clients of the gas company to pay gas bill through all branches, sub-branches and iBanking of the bank.

Anwar Shawkat Afser, managing director of Sakhi Group, has recently been re-elected president of the Dutch-Bangla Chamber of Commerce & Industry for a two-year term (2022-2024).