Business & Economy
Sammilito Islami Bank files 10,000 cases for loan recovery
State-owned Sammilito Islami Bank PLC has filed nearly 10,000 lawsuits to recover defaulted loans as Bangladesh Bank (BB) steps up measures to protect depositors’ interests...
‘Defence sector to be export oriented’
Commerce, Industry, Textiles, and Jute Minister Khandaker Abdul Muktadir said that, alongside strengthening the country’s defence capabilities, the defence sector should evolve into a modern,...
SBAC Bank rolls out Bangla QR
SBAC Bank PLC has launched “Bangla QR”, a safe, simple and interoperable digital payment platform introduced by Bangladesh Bank, aimed at building a cashless economy....
Fahmida Khatun to become CPD Distinguished Fellow
Dr Fahmida Khatun, executive director of the Centre for Policy Dialogue (CPD), will assume the role of Distinguished Fellow at the think tank from September...
DCCI calls for automated revenue
Dhaka Chamber of Commerce and Industry (DCCI) President Taskeen Ahmed on Thursday urged businesses to effectively use the government’s automated revenue management systems and digital...
Ecolet invests $15.91m for LED plant in BEPZA EZ
Adding a new dimension to BEPZA’s ongoing efforts to diversify Bangladesh’s export basket, Bangladeshi company Ecolet (Pvt.) Limited is set to invest US$15.91 million to...
Trust Bank, Toyota sign auto loan agreement
Trust Bank PLC and Toyota Bangladesh Limited have signed an agreement to provide auto loan facilities to customers purchasing Toyota vehicles. Trust Bank Managing Director...
TCB plans Tk 8,000cr procurement to stabilise essentials market
The state-run Trading Corporation of Bangladesh (TCB) has planned to purchase commodities worth around Tk 8,000 crore during the current fiscal year to stabilise the...
Enamul, Elias re-elected chairman, vice-chairman of Federal Ins
Enamul Hoq has been re-elected chairman of Federal Insurance PLC during the company’s board meeting held recently. In the meeting, Elias Siddiquee was re-elected vice-chairman,...
Remittance inflow surges 25.7pc by August 24
Bangladesh received US$ 2.340 billion in remittances during the first 24 days of August up 25.7 percent from US$1.861 billion received during the corresponding period...
Meghna Bank to raise Tk 400cr thru subordinated bond
The Bangladesh Securities and Exchange Commission (BSEC) has approved a proposal by Meghna Bank PLC to issue a Tk 400 crore non-convertible, unsecured, fully redeemable,...