Business Report : The Bangladesh Oil, Gas, and Mineral Resources Corporation (Petrobangla) has signed an Annual Performance Agreement (APA) with...
Business Report : Exim Bank’s 25th Annual General Meeting (AGM) was held on Thursday through virtually from the head office...
Business Report : IPDC Finance’s women entrepreneur loan product, IPDC Joyee, has signed an MoU with Truvalu Bangladesh to further...
Business Report : Mutual Trust Bank PLC (MTB) announced the launch of its Bancassurance service, marking a milestone in the banking and insurance sector in Bangladesh. Syed Mahbubur Rahman, managing director & CEO, Chowdhury Akhtar Asif, additional managing director & GCRO and Md Khalid Mahmood Khan, additional managing director & CBO of MTB alongside the bank’s senior management team, inaugurated the service at a ceremony held at its corporate head office recently. Customers will be able to access the Bancassurance...
Business Report : IFIC Bank PLC has been approved the audited financial statements for the year ended on 31 December...
Business Report : The 8th Annual General Meeting (AGM) of Shimanto Bank PLC was held at the bank’s head office...
Business Desk : The Reserve Bank of India (RBI) introduced a new currency swap window worth Rs25,000 crore yesterday (27 June) for swap support in Indian Rupee for South Asian Association for Regional Cooperation (Saarc) countries, offering various concessions. Saarc consists of eight member countries: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. Moreover, the RBI plans to maintain swap agreements in US Dollar and Euro through a separate US Dollar/Euro Swap Window totaling $2 billion, reports NDTV....
Business Report : South Korea is set to provide a loan of $814.91 million to Bangladesh for the construction of a rail and road bridge across the Karnaphuli river at the Kalurghat point in Chattogram. Of the loan, $724.73 million will come from the Economic Development Cooperation Fund, and $90.18 million from the Economic Development Promotion Facility, according to a statement from the Economic Relations Division (ERD). Md Shahriar Kader Siddiky, secretary of the ERD, and Yoon Hee Sung, chairman...
Business Report : ‘Biswas Imports’ is one of the trusted names in second hand car business in Bangladesh. The company imports various models of cars of best recommended brands for customers. It has achieved 100 per cent success in achieving customer satisfaction. Biswas Imports always strives to serve the customers’ needs and tastes with all their favorite car collections. Its Baridhara outlet has arranged cars of all brands preferred by customers. Customer satisfaction is basically the main and most important...
Business Desk : The International Monetary Fund (IMF) has lauded Bangladesh for recent introduction of the Crawling Peg Mid-Rate (CPMR)...
Business Report : H&M posted on Thursday a 52-percent jump in net profit for the second quarter as the world’s second biggest fashion retailer pressed on with efforts to control costs. Chief executive Daniel Erver said the company had achieved its “best profit and cash flow for many years” in the April-to-June period, with profit after tax reaching five billion Swedish kronor ($473 million). He said the group’s profitability performance was strong in the first half of the year thanks...