Grameenphone’s net profit dropped 8.2 per cent year-on-year to Tk 3,413 crore in 2021 despite an uptick in overall revenue, owing to higher finance costs and tax expenses.

Profits of Apex Footwear rose in the first half of the current financial year (FY) compared to the same period in FY 2020-21 despite a drop in net sales.

Aavishkaar Capital and German development bank KfW are set to launch the $250 million Environmental, Social and Governance First Fund to help emerging mid-capital-based businesses scale in Africa and Asia.

Eastern Bank has decided to issue its third subordinated bond, worth up to Tk 500 crore for seven years, in a bid to enhance the company’s capital base.

The Money Loan Court in Chattogram in a ruling yesterday barred the managing director of Ratanpur Steel Re-Rolling Mills (RSRM) from leaving the country in a case filed over the company allegedly defaulting on a Tk 312.82 crore loan.

Two out of three listed companies of Monno Group reported lower earnings in the first half of the financial year owing to increased expenses.

Unique Hotel and Resorts Ltd, owner of The Westin Dhaka, has returned to profits as its revenue surged in the October-December period of the 2021-22 financial year.

Magnito Digital and bKash recently signed an agreement for the digital marketing firm to handle the mobile financial service platform’s related social media communications for money transfer services via mobile phones.

Bangladesh Finance and Nagad signed an agreement recently facilitating the non-banking financial institution’s digital transaction services through the mobile financial service provider.

Paramount Textile’s shares fell yesterday despite reporting a higher profit in the first half of the financial year.

Unilever unveiled plans on Tuesday to cut about 1,500 management jobs in an overhaul aimed at easing shareholders’ concerns after a failed takeover bid and news that an activist investor had built a stake in the consumer goods giant.

RN Spinning Mills has decided to lease land from its own concern, Samin Foods, to re-establish a production unit that has remained shut since 2019, when a fire destroyed the premises at the Cumilla Export Processing Zone.

Standard Chartered Bangladesh has been recognised as the ‘Best Bank in Bangladesh’ at the Asset Triple A Sustainable Capital Markets Country Awards 2021 recently.

Pran Dairy, one of the country’s leading dairy companies, and Arla Foods, a European dairy cooperative, have joined hands to work among farmers to improve milk yield and quality along with developing the dairy value chain in Bangladesh.

Islami Bank Bangladesh Ltd (IBBL) recently established a credit guarantee arrangement with the United States Department of Agriculture (USDA) in the US.

Dutch health technology firm Philips posted big drops in fourth quarter sales and profit Monday, as a faulty respirator recall and supply chain issues weighed on the company.

The Bangladesh Financial Intelligence Unit (BFIU) has asked banks to provide detailed information about the accounts and transactions of Nobel laureate Dr Muhammad Yunus for the last two years.

Bangladesh will host the 36th Regional Conference for Asia and the Pacific of the Food and Agriculture Organization (FAO) for the first time since it joined the organisation in 1973.

Japan’s Panasonic will begin producing its new lithium-ion battery for Tesla from as early as 2023, with plans to invest about 80 billion yen ($705 million) in production facilities in Japan, the Nikkei reported on Monday.

Marico Bangladesh, a listed fast-moving consumer goods multinational, saw a year-on-year sales growth of just over 17 per cent while profit growth of over 20 per cent in the October-December period of the current financial year.