Business Report : Prime Bank PLC, a leading financial institution committed to innovation and customer-centric financial solutions, has signed a Memorandum of Understanding (MoU) with Syngenta Bangladesh Limited. Recently a...
Business
Business Report : Niaz Morshed Elite, executive director at Nagad Ltd, has been appointed as the chairman of the standing committee on fintech and digital payment at Bangladesh Association of...
Business Report : Use of credit cards by Bangladeshis both locally and internationally saw a decline in May 2024 compared with that in April earlier this year. According to Bangladesh Bank data published on Monday, domestic credit card transactions dropped by 1.47 per cent to reach Tk2,742 crore in May compared with Tk2,783 crore in April. Besides, international transactions outside the country reached Tk456 crore in May, showing a decrease of 9.94 per cent from Tk506.9 crore in April. There...
Business Report : Dr Nalinee Taveesin, advisor to Thai prime minister and Thailand Trade Representative, on Tuesday, said her country will provide the necessary support to Bangladesh for the development...
Business Report : Emirates SkyCargo, the cargo arm of Emirates airline, has announced a firm order for an additional five Boeing 777 freighters, with immediate delivery between 2025 and 2026. The $1billion order will take the airline’s total order book to 315 wide-body aircraft. Emirates SkyCargo performance throughout Q1 of its current 2024-25 financial year has been exceptional, with consistently high load factors and tonnages surpassing 2019 figures. Once the new aircraft enter in service, available main deck cargo capacity...
AFP, Washington : The IMF held its global growth expectations for 2024 steady in a report Tuesday even as it cut forecasts for the United States and Japan, while warning of inflation risks and trade tensions ahead. The International Monetary Fund expects the world economy to grow 3.2 per cent this year, unchanged from its April forecast, according to its World Economic Outlook update. “Global activity and world trade firmed up at the turn of the year, with trade spurred...
Business Report : Donal Brown, associate vice president of the International Fund for Agricultural Development (IFAD)’s Programme Management Department visited China for the first time last week to enhance collaboration with Chinese policymakers and development partners. His visit focused on reaffirming a close partnership and advancing rural development initiatives within and beyond China. During his trip, Brown also delivered a keynote speech at the 2nd High-Level Forum on Global Action for Shared Development and visited an IFAD project in Hunan...
Business Report : State Minister for Commerce Ahasanul Islam Titu has said that the “Annual Performance Agreement” should be made effective in a bid to improve the country’s trade and business environment. Besides, it is also necessary to enhance the use of ICT and enhance innovative services. The state minister for commerce was addressing the APA Innovation Showcasing 2024 and the distribution of Integrity Award (2023-2024) held at the Ministry of Commerce Room at Bangladesh Secretariat in Dhaka on Monday....
Business Report : ShopUp wants to be listed on the NASDAQ (National Association of Securities Dealers Automated Quotations) stock market, its founder and CEO Afeef Zaman said in Dhaka on Sunday. In a knowledge-sharing programme titled “Insight Exchange: Behind the Scenes of a Startup” at a hotel in the capital, the ShopUp CEO said, “Our 65% investors are foreign. That’s why we want to be listed in NASDAQ as the first Bangladeshi company. Now it is our dream.” He added,...
Business Report : Islami Bank Bangladesh PLC and Nagad Limited signed an agreement regarding remittance services. From now, Nagad customers can connect with Islami Bank to collect remittances sent from over 200 countries around the world quickly and easily and withdraw money at lowest cash out charges. In presence of Mohammed Monirul Moula, managing director of Islami Bank & Tanvir A Mishuk, executive chairman & CEO of Nagad Limited, Miftah Uddin, deputy managing director of Islami Bank and Maruful Islam...
BSS, Dhaka : Prime Minister Sheikh Hasina on Sunday handed over the National Export Trophy to 77 top exporters for the 2021-22 fiscal year. She conferred the trophies in 32 categories for outstanding contributions to the country’s export earnings and overall economy at a programme held at the Osmani Memorial Auditorium. Among the awardees, Rifat Garments Ltd, in the readymade garment (RMG) woven category, received the Bangabandhu Sheikh Mujib Export Trophy, the highest recognition for highest export earnings in fiscal...
