Meghna Group of Industries (MGI) is going to set up its third economic zone in the eastern district of Cumilla at a cost of around Tk 1,200 crore in a bid to develop an industrial area that will attract both foreign and local investment.

Walton Hi-Tech Industries recently announced selling about Tk 127 crore worth electrical appliances of its Walton, Marcel and Safe brands in March, which the company said was its highest ever for a single month.

Bangladesh Bank and Brac Bank have signed an agreement to provide refinancing facilities to cottage, micro, small and medium enterprises (CMSMEs).

Akij Group has set up its first rooftop solar plant with a power generation capacity of 470 kilowatts at Janata Jute Mills in Faridpur’s Boalmari upazila with technical solutions and support of Huawei and Cynergy.

Walton has doubled its motherboard production capacity as the local technology giant looks to become savvier in high-tech and cut reliance on imports for advanced technologies.

The Supreme Court’s Appellate Division has allowed LafargeHolcim Bangladesh to continue production and sale of aggregates in the open market until the government forms a related policy.

Bangladeshi healthtech start-up Arogga has locked seed funding deals with the Silicon Valley firm Hyper.

Tanvir A Mishuk, founder and managing director of Nagad, won the Fintech Personality of the Year-2022 award of the UK-based Global Brands Magazine.

Walton Hi-Tech Industries PLC has won the bid to acquire three European brands and the trademark and branding rights in 57 countries, seeing off two renowned companies.

7UP, a lemon-lime flavoured non-caffeinated soft drink brand, unveiled its summer campaign featuring brand ambassador Shakib Al Hasan and its limited-edition  Ramadan packs yesterday, marking the month of Ramadan with a dash of fresh thinking.

The Bangladesh Bank has imposed a fine of Tk 5 lakh on Eastern Bank Ltd (EBL) for disbursing loans to its subsidiary and associate in violation of the single borrower exposure limit.

Eastern Bank Ltd (EBL) signed an agreement with Bangladesh Satellite Company to connect its ATM network to Bangabandhu Satellite-1.

Brac Bank organised a programme in Munshiganj town recently for raising awareness on the benefits of remittance inflow through banking channels alongside honouring the top 10 remittance beneficiaries of Munshiganj.

Social Islami Bank Limited (SIBL) has appointed Abdul Hannan Khan as managing director and chief executive officer of SIBL Securities.

Premier Leasing and Finance Ltd recently witnessed the appointment of its new managing director.

Twitter’s shares soared after Tesla CEO Elon Musk disclosed on Monday a large stake in the social media company, which he has criticized for its approach to speech rights.

Walton has set up a 2.16 megawatt solar power plant at its headquarters at Chandra in Gazipur as a part of its initiative of phasing out 18 megawatt power by next year.

Losses of bKash, a subsidiary of Brac Bank, widened by 83 per cent year-on-year in 2021, even though its revenue rose by 21 per cent, for incurring higher costs on training, investment and waivers on the charge to send money.

Padma Bank Ltd has recently witnessed the promotion of its chief operating officer to the post of deputy managing director.

DBL Group, one of the leading local garment exporters, is going to invest in Vietnam to produce thread as many international clothing retailers and brands have nominated the group’s product to stitch clothes.