Business Report : ONE Bank employees, like previous times, contributed a day’s salary to the Relief Fund of the Chief Adviser for the flood-affected people of the country. The bank’s employees feel proud to be a part of the government’s noble initiatives in mitigating sufferings of the flood-affected people across the country....
Business Report : The government on Wednesday approved separate proposals for procuring some 90,000 metric tons (MTs) of fertilizer and 20,000 MTs of lentil to meet the growing demand of the country. The approvals came from the maiden meeting of the purchase committee of the interim government with Adviser on Ministries of Finance and Commerce Dr Salehuddin Ahmed in the chair held at the Cabinet Division conference room at Bangladesh Secretariat here in the morning. Briefing reporters after the meeting,...
Business Report : Driven by a sense of humanitarian duty for the devastating flood affected people, all employees of Trust Bank contributed Tk1 crore to the Chief Adviser’s Relief and Welfare Fund, equivalent to their one day’s salary. The amount of donation deposited to the Chief Adviser’s Relief and Welfare Fund will be mobilized to meet essential humanitarian needs of the flood victims....
Business Report : The 24th Annual General Meeting of Islami Commercial Insurance Co. Ltd. was held recently at Engineers Institution...
Business Report : The Bangladesh Bank today (27 August) formed a new five-member board of directors to operate the Global Islami Bank with former Meghna Bank chairman Nurul Amin as head. The other members of the board are: Bangladesh Bank’s former executive director Jamal Mollah; former Islami Bank deputy managing director Nurul Islam Khalifa; Dhaka University’s International Business Department professor Abu Hena Reza Hassan; and Chartered accountant Mahmud Hossain. All of the members have been appointed as independent directors with...
Business Report : Managing Director (MD) of Walton Hi-Tech Industries PLC SM Mahbubul Alam has given special instructions and directives to the distributors, Plaza and sales representatives to extend all-out cooperation to the helpless flood victims.According to his instructions, Walton distributors, plaza representatives and sales teams from the beginning have been conducting rescue operations and relief distribution activities with the slogan of “beside the people, for the people.”The Walton MD gave such instructions at a special meeting on the necessary...
Business Report : Pakistan aims to raise up to $4 billion from Middle Eastern commercial banks by the next fiscal year, the country’s central bank chief told Reuters on Tuesday, as the country looks to plug external financing gaps.In a wide-ranging interview, his first with any media organisation since taking office in 2022, State Bank of Pakistan Governor Jameel Ahmad said Pakistan was also in the “advanced stages” of securing $2 billion in additional external financing required for International Monetary...
Business Report : Islami Bank Bangladesh PLC will donate Tk10 crore to the relief and welfare fund of the Chief...
Business Report : The policy rate could be lowered within six months if inflationary pressure in the country is reduced...
Business Report : The Bangladesh Bank on Tuesday formed a new five-member board of directors to operate the Union Bank...
Business Report : Saudi Arabian Ambassador to Bangladesh Essa Yousef Essa Al Duhailan on Tuesday laid emphasis on increased economic relationship as businesses are interested in investing more in Bangladesh. He mentioned investment in the logistics, services sector, and renewable energy by RSGT international and ACWA Power. During a courtesy meeting with Chief Adviser Prof Muhammad Yunus at state guesthouse Jamuna, the ambassador praised the leadership of Prof Yunus saying he is capable of leading the country to prosperity. The...
Business Report : Japan Delica Co, an importer and processor of seafood, will launch a new business in Bangladesh in October for processing Japanese scallops and selling them in Europe, the United States and other countries, The Japan News reported on Monday. The company has been operating a crab processing plant in Bangladesh since 2018 and has acquired a new seafood processing plant in Cox’s Bazar, in the country’s southeast. The plant will begin operations in October with 500 employees....