March 21, 2023

No minimum deposit for micro-merchant accountholders now

Business Report :Small merchants who have personal retail accounts will not have to maintain any minimum deposit and face any account maintenance fee, according to...

Business & Economy

March 21, 2023

UBS takes over Credit Suisse in move to calm the markets

AFP, BERN, Switzerland :UBS is set to take over its troubled Swiss rival Credit Suisse for $3.25 billion following weekend crunch talks aimed at stopping...

Business & Economy

March 21, 2023

Banglalink’s revenue grows over 12pc in 2022

Business Report :Banglalink registered a double-digit growth rate in its revenue in 2022 driven by increased investment in 4G network, expanding coverage and enhancing network...

Business & Economy

March 21, 2023

RFL holds its dealer conference in Dubai

Business Desk :The dealer conference of the country’s leading business conglomerate RFL Group was held in the United Arab Emirates. More than 230 leading distributors...

Business & Economy

March 21, 2023

Islami Bank Bangladesh Limited (IBBL) signed a participatory agreement with Bangladesh Bank (BB) for disbursement of loans under Green Transformation Fund (GTF), a refinancing scheme worth Tk.5,000 crore, to the export-oriented and production-based industries at BB headquarters in the capital recently. Bangladesh Bank Abdur Rouf Talukder,handed over a copy of the deal to Muhammad Qaisar Ali, AMD of IBBL after signing the deal.

Business & Economy

March 21, 2023

AZM Shofiuddin Shamim, Director of South Bangla Agriculture & Commerce (SBAC) Bank Limited and Chairman of SQ Group, inaugurates an Agent Banking Outlet of the bank at Ashwadia Bazar of Barura Upazila of Cumilla recently.Md. Abdul Matin, DMD of the bank and local elite were present.

Business & Economy

March 20, 2023

United Insurance clocks 6pc higher profit in 2022

Business Report :United Insurance Company Ltd registered a 6 per cent year-on-year growth in profit to Tk 7.79 crore last year, thanks to higher premium...

Business & Economy

March 20, 2023

Gold sparkles in stormy week for markets

Reuters :Gold prices surged more than 2 per cent on Friday as a wave of banking crises shook global markets and put bullion on track...

Business & Economy

March 20, 2023

Different commercial banks signed a participatory agreement with Bangladesh Bank (BB) for disbursement of loans under Green Transformation Fund (GTF), a refinancing scheme worth Tk 5,000 crore, to the export-oriented and production-based industries at BB headquarters in the capital recently. In presence of Abdur Rouf Talukder, Bangladesh Bank’s Governor, managing directors of concern banks signed the agreement on behalf of their respective organizations. Banks are 1. Mercantile Bank Limited 2. Al-Arafah Islami Bank Ltd. (AIBL) 3. Bank Asia Limited 4. Midland Bank Limited 5. NCC Bank Limited 6. Pubali Bank Limited 7. Rupali Bank Limited 8. Sonali Bank Limited.

Business & Economy

March 20, 2023

Stocks snap gains

Business Report :The indices of the Dhaka Stock Exchange (DSE) returned to the red today snapping a day’s gain.The DSEX, the benchmark index of the...

Business & Economy

March 20, 2023

Refiners to be asked to cut sugar price by Tk 5 a kg

Business Report :The commerce ministry will ask the refiners and millers to reduce the price of sugar by Tk 5 a kilogramme (kg) as the...

Business & Economy

March 20, 2023

Professor Md. Nazmul Hassan, Chairman of Islami Bank Bangladesh Limited, presides over its Board of Directorsmeeting at its head office in the capital on Sunday. Dr. Areef Suleman, Director & representative of Islamic Development Bank and some of the directors joined the meeting on virtual platform. Other directors and Mohammed Monirul Moula, Managing Director & CEO of the bank were present.