Mohammad Ziaul Hasan Molla, deputy managing director of Bank Asia, and Chowdhury Moinul Islam, deputy managing director of Brac Bank, have been elected chairman and general secretary of the Association of Anti-Money Laundering Compliance Officers of Banks in Bangladesh for 2022-23.

Profits of Doreen Power Generations and Systems soared 54 per cent in the first nine months of the 2021-22 financial year thanks to higher earnings among its subsidiaries.

DHL Express Bangladesh signed service agreements with Shahjalal Islami Bank Ltd and Mutual Trust Bank Ltd at their respective corporate offices recently.

Premier Bank Ltd signed a memorandum of understanding (MoU) with TVS Auto Bangladesh to promote newly launched motorbike products of the company.

The Insurance Development and Regulatory Authority (IDRA) has fined 21 insurance companies over Tk 72 lakh for, among others, purchasing assets without its approval, charging higher premiums than the government fixed rates and forging letters.

Standard Chartered is leaving seven countries in Africa and the Middle East where it is sub-scale as it seeks to improve profits by narrowing its focus to faster-growing markets in the region, it said on Thursday.

LankaBangla Finance Ltd (LBFL) signed a memorandum of understanding (MoU) with Rangs Ltd for its customer privilege.

Standard Chartered Bangladesh hosted a roadshow for global investors and lenders to help local businesses build lasting relationships with leading investment and lending institutions from the Middle East, Europe, and Asia.

MetLife announced a set of 2030 “diversity, equity and inclusion” (DEI) commitments to address the needs of the underserved and underrepresented through a mix of investments, products and services, supply chain, volunteering and community efforts.

Aziz Ahmad, chief executive officer of IT consultancy firm UTC Associates and skills training institute CodersTrust, has been presented a 2022 World Green Energy Symposium (WGES) Nova Award.

State Minister for ICT Zunaid Ahmed Palak recently visited an under-construction research and development facility of Runner Group in Bhaluka, Mymensingh for the manufacture of two and three-wheelers and electric vehicles.

City Bank’s profit rose by around 26 per cent in 2021, when the bank logged Tk 549 crore consolidated profit after tax.

Shameem Ahsan, partner of Pegasus Tech Ventures, has been re-elected as the president of the Venture Capital & Private Equity Association of Bangladesh (VCPEAB) for a two-year term.

The Metropolitan Chamber of Commerce and Industry (MCCI) Dhaka and Bangladesh Employers’ Federation (BEF) organised a briefing on Corporate Due Diligence Obligations for the Prevention of Human Rights Violations in Supply Chain at the former’s office in Gulshan, Dhaka recently.

Al-Arafah Islami Bank, in collaboration with Mastercard, yesterday launched the first contactless Islami debit and prepaid cards in Bangladesh.

Paramount Textile Ltd (PTL) yesterday said it will form a joint venture company with Dynamic Sun Energy Private Ltd to establish a 100 megawatt solar power plant in Pabna sadar, a northwest district.

Incepta Pharmaceuticals has launched a new medicine under the brand name of “Linatab E’’ that combines Linagliptin and Empagliflozin, the two most remarkable and safe therapeutic classes of modern times for controlling diabetes.

Muhammad Ibrahim has been appointed as the new chief executive officer of the Public Private Partnership (PPP) Authority.

The Chittagong Stock Exchange (CSE) yesterday signed a memorandum of understanding with India’s Multi Commodity Exchange (MCX) to launch Bangladesh’s first-ever commodity exchange.

Bangladesh Bank yesterday drew up a classification and provisioning policy for a group of financial items of banks excluding loans and advances, terming it “other assets”, with a view to ensuring discipline in the banking sector.