Employees of all banks operating in Bangladesh will not be able to travel abroad from now on as the central bank has stepped up its efforts to stop the foreign currency reserves from sliding further.

Walton has been achieving great success in exporting domestically finished electronics and electrical goods, said Export Promotion Bureau (EPB) Vice-Chairman AHM Ahsan yesterday.

South Korean automaker Hyundai will build a $5.5 billion electric vehicle and battery plant in the southern US state of Georgia, its governor announced Friday, as President Joe Biden pursued his trip to Seoul.

Moody’s on Friday cut Ukraine’s debt rating for the second time in three months and lowered the outlook to negative due to the growing risk the Russian invasion will affect the nation’s debt sustainability.

The Bangladesh Securities and Exchange Commission (BSEC) has formed a two-member committee to investigate findings of Dhaka Stock Exchange (DSE) that Md Abul Khayer, a government official, and his associates were involved in a series of transactions to raise the share price of Safko Spinning Mills.

Navana Group recently organised an economic forum as a part of their greater initiative to define Navana Tomorrow, a 10-year strategy development effort for its business units.

Akij Essentials Ltd has signed an agreement with Swiss multinational plant equipment manufacturer Bühler Asia Private Ltd, Singapore to establish a latest technology flour mill with a 600-tonne daily production capacity located in Narayanganj.

The Bangladesh Telecommunication Regulatory Commission (BTRC) has seized dozens of unauthorised network interference devices such as repeaters, jammers and boosters from different markets in Dhaka in recent weeks.

Salvo Chemical Industry yesterday announced that its cornstarch unit is ready to commence production.

A joint initiative by MetLife Foundation and EssilorLuxottica’s Social Impact Fund will by 2023 help create over 800 entrepreneurs to provide eye care services, such as vision testing, for two crore people in rural areas.

Iftekharul Islam has been re-elected the vice-chairman of Uttara Bank.

Disasters can be detrimental to supply chains, production and overall business marketing, for which it is imperative to engage the private sector in risk management to mitigate the losses, said speakers at an event yesterday.

Walton announced Digital Campaign Season-15 for the upcoming Eid-ul-Azha, following its huge success in the previous seasons.

Retail chain Shwapno started its export journey by sending it first consignment to Hong Kong on March 31.

Jamuna Bank promoted its Deputy Managing Director Md Abdus Salam to the post of additional managing director in May, according to a press release.

Rumee A Hossain has been re-elected as chairman of the Executive Committee of the Board of Directors of Bank Asia Ltd at the bank’s 473rd board of directors meeting held recently.

The Asian Development Bank (ADB) may extend a loan of $11 million to Envoy Textiles Ltd to help the Bangladeshi textile miller purchase machinery for its second spinning unit.

Transcom Digital, an electronics retail chain of Transcom Electronics and a subsidiary of Transcom Group, started selling Sony televisions yesterday.

Standard Chartered Bangladesh has been named “Market Leader for Trade Finance” in Bangladesh as part of surveys in 2022 of Euromoney Trade Finance and Asiamoney Trade Finance.

Troubled conglomerate Toshiba said Friday it has been approached by 10 potential investors as it weighs going private, a move that would be highly unusual in corporate Japan.