March 30, 2023

Japan provides $1.27b to develop Matarbari port, highway and train line

Business Desk :Japan will provide $1.27 billion for the tranche of the Matarbari Port Development Project, Chattogram-Cox’s Bazar highway improvement project, and for the construction...

Business & Economy

March 30, 2023

Beza partners with BCCCI

Business Report :The Bangladesh Economic Zones Authority (Beza) has teamed up with Bangladesh China Chamber of Commerce and Industry (Bccci) to attract Chinese investment in...

Business & Economy

March 30, 2023

US-based Venture37, City Bank Capital to help develop local cold chain infrastructure

Business Report :US-based agriculture development organisation Venture37 has teamed up with leading financial service provider City Bank Capital as part of efforts to develop cold...

Business & Economy

March 30, 2023

Tamijuddin Textile raises authorised capital to Tk 100cr

Business Report :Tamijuddin Textile Mills Limited on Wednesday said it has increased the authorised capital from Tk 35 crore to Tk 100 crore.This has been...

Business & Economy

March 30, 2023

IFIC Bank shortens name, assumes PLC suffix

Business Report :The name of International Finance Investment and Commerce Bank Limited has been changed to IFIC Bank PLC, according to a notice from the...

Business & Economy

March 30, 2023

Mr Noodles arranges iftar for 16 thousand orphans: Mr Noodles, the country’s popular noodles brand, distributes iftar meals among underprivileged children in orphanages every day across the country. The Noodles brand will distribute iftar to over 16 thousand orphans from various orphanages, reads a press release. Meanwhile, the noodles brand has distributed iftar meals among four thousand orphans of seven orphanages under the campaign ‘Rahmoter Mashe Etemder Valobeshe’. Toshan Paul, deputy general manager (Marketing) of Mr Noodles said: “We are distributing iftar across the country including Dhaka, Narayanganj, Gazipur and Chittagong. The Iftar distribution campaign will continue for the whole of Ramzan and we are happy to stand beside the helpless children of orphanages. This initiative will be continued in the years to come.”

Business & Economy

March 30, 2023

Western Union money transfers now accessible through bKash agent points

Business Desk :bKash customers in Bangladesh can now redirect their cash-intended Western Union money transfers into their bKash wallets conveniently, with the assistance of over...

Business & Economy

March 30, 2023

Ring Shine Textiles incurs Tk 19cr loss in Oct-Dec

Business Report :Ring Shine Textiles Limited suffered a Tk 19.01 crore loss in the October-December quarter of the current financial year of 2022-23.This compared to...

Business & Economy

March 30, 2023

‘Save bidi workers from multinational tobacco cos’

Staff Reporter :Bangladesh Bidi Shromik Federation urged the government to save thousands of workers as well the bidi industry from the aggression of foreign multinational...

Business & Economy

March 30, 2023

Credit Suisse has violated US tax evasion deal, Senate Committee finds

Reuters :Credit Suisse CSGN.S violated a 2014 plea deal with US authorities by continuing to help ultra-wealthy Americans evade taxes and concealing more than $700...

Business & Economy

March 30, 2023

Rafiq Ahmed, Customer Life Cycle Management Director of Banglalink and Md Shafquat Hossain, Head of Retail Banking Division of Mutual Trust Bank Limited, exchange documents after signing an agreement at the bank’s head office in the capital recently. Top officials from both sides were present.

Business & Economy

March 30, 2023

Debt burden as a percentage of revenue might be a source of concern: BIDS

Business Report :Due to Bangladesh’s tax-GDP ratio not increasing over the year, the burden of debt financing is rising as a percentage of annual revenue...