Business Report : Reckitt Benckiser’s profit fell 3.4 per cent year-on-year to Tk 142 million in the second quarter through June this year owing to higher operating expenses. Its earnings per share stood at Tk 30.12 in the quarter, slightly down from Tk 31.11 in the same quarter the year before, according to un-audited financial statements published on Thursday. The UK-based multinational firm that sells health and hygiene-related products, however, saw sales grow almost 3 per cent year-on-year to Tk...
Day: August 3, 2024
Business Report : BRAC Bank has signed a payment gateway agreement with Foodi Express Limited facilitating seamless payment facility for...
Business Report : Despite a decline in revenue, Unilever Consumer Care registered a 15 per cent year-on-year growth in profit to Tk 189.49 million in April-June (Q2) this year, backed by operating efficiency and an increase in net finance income.The one-off waiver of technology and trademark royalty granted by the parent company also supported the growth. The same factors also helped the company to experience a 13 per cent year-on-year growth in profit to Tk 413.30 million in January-June (H1)...
Business Report : Mutual Trust Bank PLC (MTB) has been named the ‘Best Digital Bank in Bangladesh’ for 2024 by Euromoney, according to a press release.“We are honoured by this recognition from Euromoney,” said Syed Mahbubur Rahman, managing director and chief executive officer (CEO) of MTB.The award reflects MTB’s commitment to innovation in digital banking and its significant progress in providing seamless and secure customer experiences in 2023.MTB’s digital transformation has been driven by flagship platforms such as the MTB...
City Desk : The 13th International Conference on the Restructuring of the Global Economy (ROGE-2024) – Promoting Sustainability will be held at the Saïd Business School, University of Oxford, on August 5 and 6. This prestigious academic conference will gather academics, business practitioners, and policymakers from over thirty countries to explore a range of issues, including Business Corporate Governance, the maritime dimension, globalisation, and emerging threats, reports UNB. A notable highlight will be a session focusing on Bangladesh. Rear Admiral...
City Desk : In a Facebook post, Sarjis Alam, one of the coordinators of the quota reform movement who was in custody of the Detective Branch till Thursday, has alleged that the authorities promised not to arrest any protesting students or harass them with cases but failed to keep their promise. “But they did not keep their words. So, this movement will continue until these mass arrests, oppression, and torture are ending,” Sarjis Alam wrote in his Facebook post on...
City Desk : Awami League President and Prime Minister Sheikh Hasina on Friday expressed deep shock and sorrow at the death of Chhatra League’s former leader, young writer and researcher Abdullah Harun Jewel.She, in a condolence message, also prayed for the salvation of his departed soul and expressed sympathy to the bereaved family members and relatives, reports BSS.Jewel was also a member of the office affairs subcommittee of Awami League’s 22nd National Council Preparation Committee....
City Desk : In light of recent violence, the government has announced that if any of the detainees are current Higher Secondary Certificate (H.S.C) examinees, they will receive special legal assistance for bail.The government has stipulated that during bail applications, detainees must submit their examination admit cards and relevant documents, according to a Home Ministry press release on Thursday, reports UNB.Additionally, for those student detainees against whom there are no serious accusations, the government will also provide legal aid for...