Mobil Jamuna Bangladesh, a listed lubricant seller, is going to add another oil tanker to its fleet in order to increase its oil trading capacity as well as rent the vessel out to others.

Unilever on Thursday announced a jump in revenue after the British consumer goods giant passed on higher costs to customers.

Banglalink reported a sharp increase in its quarterly revenue driven by strong data sales as the mobile network operator continued its 4G investment.

Beximco Pharmaceuticals saw around 27 per cent lower profits despite registering higher sales in the third quarter of the current financial year thanks to a rise in marketing and selling costs, according to the company’s financial report.

Strategic Finance & Investments Limited (SFIL) recently signed an MoU with building technology & ideas ltd. (BTI) for Home Loan Financing. Under this MOU, SFIL will finance the customer who will purchase flat or commercial space from BTI and SFIL will provide a preferential rate and fee to the customers. BTI also provide a preferential price to the SFIL referred customers. 

A programme was recently held at Brac Centre in Dhaka marking the end of a Jibika (livelihood) project run in areas adjacent to Chevron-operated gas fields in Sylhet, Moulvibazar and Habiganj districts.

Stocks of Unilever Consumer Care, formerly known as GlaxoSmithKline, rose 0.52 per cent to Tk 2,861 at Dhaka Stock Exchange (DSE) yesterday after it announced that its profits had gone up 40 per cent.

Brummer Frontier PE II (Mauritius) is going to sell 1 crore of its shares in Runner Automobiles as a part of its initial objective for buying a stake.

Apex Footwear saw its profits rise 50 per cent despite recording lower sales between July 2021 and March 2022 of the current financial year (FY) mainly due to lower raw material costs, according to the company’s latest quarterly report.

Deformed steel bar manufacturer SS Steel yesterday announced that it would acquire another factory, Al-Falah Steel & Re-Rolling Mills, and streamline its operations, all through an investment of around Tk 184 crore.

In a rare move, the Bangladesh Bank has asked Islamic Finance and Investment Ltd (IFIL) to form a search committee for the appointment of a managing director at the non-bank financial institution.

Elon Musk clinched a deal to buy Twitter Inc for $44 billion cash on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world’s richest person.

Brac Bank recently signed an agreement with Trust Axiata pay (TAP) to directly channel remittance to TAP wallets owned by the beneficiaries in real time.

The stock index rose slightly though the blue-chip index dropped yesterday while there was a substantial increase in the turnover.

Robi Axiata, the country’s second largest mobile network provider in terms of subscribers, said its net profit grew 16 per cent year-on-year to Tk 34.29 crore in the first quarter (January-March) of the current financial year as it had to pay less income tax.

Bangladesh Bank yesterday revised its policy for post-import financing (PIF) to ease the process for importers to get finance smoothly.

Shareholders of Grameenphone have approved 250 per cent cash dividend for 2021.

Bata Shoe, one of the most popular footwear brands in the country, returned to profits in the first quarter (January-March) of the ongoing calendar year after drowning in losses amid the coronavirus pandemic.

Chinese company Venus Beauty Ltd is going to set up a hair fashion accessories manufacturing factory in the Bepza Economic Zone with an investment of $50 million.

Twitter is reconsidering Elon Musk’s buyout proposal, with discussions between the two camps ongoing Sunday, The Wall Street Journal reported, after the billionaire said Thursday he had secured the necessary funding.