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

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).

Syngenta Bangladesh recently promoted Mohammad Hedayet Ullah to the post of country general manager.

RAK Ceramics (Bangladesh) will invest Tk 95 crore to set up a bathroom fittings plant with the capacity to produce 1,500 faucets, shower heads and all other related accessories in a bid to provide cheaper alternatives to imports, according to company officials.

LafargeHolcim Bangladesh has reported strong quarterly results for the April to June period of 2022 riding on higher sales. 

Singer Bangladesh, a leading home appliance manufacturer and retailer, posted 51.55 per cent lower profit in the second quarter of 2022.

The Bangladesh Bank yesterday extended the increased borrowing limit from the Export Development Fund (EDF) for textile millers and garment makers to December 31 this year. 

Swedish truck maker Volvo on Tuesday reported higher sales and profits in the second quarter despite the company still feeling the effects of global supply chain disruptions.

Mutual Trust Bank won the “Best Bank for Diversity and Inclusion in Bangladesh 2022” award by Asiamoney, a division of global media group Euromoney Institutional Investor PLC.

Peyala Café has recently opened its flagship store in Dhaka’s Banani-11, according to a statement released by MGH Restaurants Private Limited, a venture of MGH Group which runs the food and beverage brand Peyala Café.