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Business Report : SMC Enterprise Limited, one of the leading social business enterprises in the country, is set to use...
Business Report : Southeast Bank PLC recently held its Monthly “Business Review Meeting,” based on the performance in August. Managing...
Business Report : Badiuzzaman Didar, the newly-appointed administrator of Nagad, has filed a general diary (GD) against Tanvir A Mishuk, the former managing director and CEO of the mobile financial service provider.Didar lodged the GD at Banani Police Station on September 5, citing concerns for his safety.According to the GD, Didar alleged that he felt threatened after Mishuk sent him an intimidating SMS from his phone on September 4. Bangladesh Bank spokesman Mezbaul Haque said that Didar’s GD was filed...
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Business Report : Bangladesh’s foreign exchange reserve has dropped to $19.44 billion after the payment of $1.37 billion in import bills of July and August. The government paid the bill to Asian Clearing Union (ACU) on Monday.The ACU is a Tehran-based organisation for settling payments among eight countries — India, Bangladesh, Bhutan, Iran, the Maldives, Myanmar, Nepal, Pakistan, and Sri Lanka.Under the ACU, Bangladesh clears import bills every two months and the reserve usually falls after the payment is made.On...
Business Report : Adviser of the Interim Government Muhammad Fouzul Kabir Khan on Thursday said the government has embarked on...
Business Report : Chinese Company Tianhui Button (BD) Limited will establish a garment accessories manufacturing industry in Cumilla Export Processing Zone (Cumilla EPZ).They will invest $4 million to produce 700 million pcs of different kinds of buttons like plastic button, resin button, ABS button, metal button and PU leather accessories. This foreign company will create job opportunities for 139 Bangladeshi nationals, said a press release.In presence of BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, an agreement to...
Business Report : The Bangladesh Financial Intelligence Unit (BFIU), a wing of the country’s central bank responsible for investigating money laundering, has fined Asia Insurance Limited and its officials for embezzling Tk 2.27 crore of policy premium through forgery, according to official documents.The misappropriation by the non-life insurer involved TVS Auto Bangladesh Limited, which collected initial insurance policy papers for opening over two dozen letters of credit (LCs) in 2021 and 2022 to import goods.Two-wheeler manufacturer TVS Auto says it...
Business Report : The interim government has appointed Mohammad Jainul Bari, the immediate past chairman of the Insurance Development and Regulatory Authority (Idra), as the new chairman of the board of directors of Sadharan Bima Corporation, the finance ministry said in a circular on Thursday.Bari has been appointed on a contractual basis for a three-year term.He officially resigned from Idra on September 5. He was appointed as the Idra chairman on a contractual basis on June 15, 2022 for a...
Business Report : Huawei and Walton have signed a contract to produce lithium batteries in Bangladesh for telecom BTS (Base Transceiver Station). Pan Junfeng, CEO of Huawei Bangladesh and SM Rezaul Alam, Chairman of Walton Digi-Tech Industries Ltd sign the contract at Huawei Bangladesh Academy on Thursday.Ambassador of China to Bangladesh Yao Wen attended the event as the chief guest while Managing Director of Walton Digi-Tech Industries Limited SM Monjurul Alam Ovee and Director of Tower Infra of Grameenphone along...