The Bangladesh Bank yesterday asked banks to take insurance coverage against their financing to exporters in a bid to minimise default risk of loans.

For the blessed month of Ramadan, Wagely, an employee financial wellbeing platform organised a campaign called “Month of Blessings”, that allows the middle and low-income workers of Bangladesh and Indonesia to access their Eid Ul Fitr Festival Allowance before payday.

The National Board of Revenue (NBR) has launched a hotline, 16134, providing services related to an Automated System for Customs Data (Asycuda) and customs.

Standard Chartered Bangladesh has established a host-to-host integration solution for multinational feed company Suguna Food and Feeds Bangladesh Private (Suguna).

Brac Bank has promoted its head of treasury and financial institutions to the post of deputy managing director (DMD).

Investors should focus on the stocks with good fundamentals instead of making bets on speculative securities and worrying too much about global scenario and their impacts on the market, said Shekh Mohammad Rashedul Hasan, managing director of UCB Asset Management.

Profits of Walton fell in the January-March period of 2022 due to a hike in global raw material prices and higher shipping charges.

As Bangladesh prepares to graduate into a developing country, its Commerce Minister Tipu Munshi has said his country is keen to clinch a Comprehensive Economic Partnership Agreement (CEPA) or Free Trade Agreement (FTA) not only with India but also with Indonesia and Sri Lanka in a year.

Urban areas around the world continue to suffer from various forms of pollution and abnormal rise in temperature. Natural disasters only add to our woes. You don’t have to look far to find such a place, as our very own Dhaka has the notorious reputation of being the city with the worst air quality in the world.

Nestle on Thursday confirmed it expects to grow sales around 5 per cent and keep margins broadly stable this year after higher pet food, dairy and coffee prices did not deter consumers in the first quarter, forecasting more price increases ahead.

European dairy cooperative Arla Foods, producer of milk powder brand Dano, and Dutch corporation Royal DSM are set to start a pilot project on feeding 10,000 dairy cows across three European countries a methane reducing feed additive Bovaer.

The Bangladesh Securities and Exchange Commission (BSEC) has raised the market circuit breaker’s lower limit to 5 per cent from existing 2 per cent with effect from today.

When the stock market goes through a bearish trend, the regulator usually prods institutional investors, mostly unofficially, to pour money to revive it and some of them respond positively.  

The Bangladesh Securities and Exchange Commission (BSEC) yesterday served show cause notices to 15 stockbrokers for placing aggressive orders for selling shares.

Mohammad Ziaul Hasan Molla, deputy managing director of Bank Asia, and Chowdhury Moinul Islam, deputy managing director of Brac Bank, have been elected chairman and general secretary of the Association of Anti-Money Laundering Compliance Officers of Banks in Bangladesh for 2022-23.

Profits of Doreen Power Generations and Systems soared 54 per cent in the first nine months of the 2021-22 financial year thanks to higher earnings among its subsidiaries.

DHL Express Bangladesh signed service agreements with Shahjalal Islami Bank Ltd and Mutual Trust Bank Ltd at their respective corporate offices recently.

Premier Bank Ltd signed a memorandum of understanding (MoU) with TVS Auto Bangladesh to promote newly launched motorbike products of the company.

The Insurance Development and Regulatory Authority (IDRA) has fined 21 insurance companies over Tk 72 lakh for, among others, purchasing assets without its approval, charging higher premiums than the government fixed rates and forging letters.

Standard Chartered is leaving seven countries in Africa and the Middle East where it is sub-scale as it seeks to improve profits by narrowing its focus to faster-growing markets in the region, it said on Thursday.