Business & Economy
Citizens Bank opens Tejgaon Link Road Branch
Business Desk : Citizens Bank PLC recently opened the Tejgaon Link Road Branch at Gulshan Tejgaon Link Road, Dhaka, according to a press release. Mr. Chowdhury Mohammed Hanif Shoeb, Chairman, Citizens Bank PLC., formally...
Janata Bank holds ALCO meeting
Business Desk : An Asset-Liability Management Committee (ALCO) meeting of Janata Bank PLC was held at the bank’s head office, with Managing Director Md Mujibur Rahman in the chair, according to a press release....
Eight ministries fail to spend over 5pc of ADP funds in first five months
Business Report : Eight ministries and divisions failed to spend more than 5 percent of their allocated funds under the Annual Development Programme (ADP) during the first five months of the current fiscal year...
HSBC opens biz dev office at Bepza EZ in Mirsharai
Business Desk : The Hongkong and Shanghai Banking Corporation Limited (HSBC) Bangladesh has inaugurated its new business development office (BDO) at the Bepza Economic Zone, Mirsharai, Chittagong. Through this business development office, HSBC will...
BB slashes provisioning rates to boost agri, CMSME lending
Business Desk : In a strategic move to stimulate credit flow to vital sectors of the economy, Bangladesh Bank (BB) has announced a significant reduction in provisioning requirements for short term agricultural and small-scale...
NRB Bank holds 12th AGM
Buainess Desk : NRB Bank PLC successfully conducted its 12th annual general meeting (AGM), at which the shareholders approved the audited financial statements for the preceding year, declaration of dividend, appointment of the statutory...
Walton again awarded BD’s best brand
Business Desk : Walton, a listed tech giant in the capital market, has once again won the honor of being the country’s best refrigerator, AC (air conditioner) and television brand. The brand has won...
LafargeHolcim BD receives ICSB Award
Business Desk : LafargeHolcim Bangladesh PLC has received the Gold Award from the Institute of Chartered Secretaries of Bangladesh under the manufacturing sector category, recognising excellence in corporate governance. The award is the highest...
Oil prices climb as US blocks Venezuelan tankers, eyes on Russia-Ukraine talks
Reuters : Oil prices edged up on possible disruptions from a US blockade of Venezuelan tankers as the market waits for news about a possible Russia-Ukraine peace deal. Brent futures rose 65 cents, or...
Elon Musk becomes first person worth $700b
Business Desk : Tesla CEO Elon Musk’s net worth surged to $749 billion late Friday after the Delaware Supreme Court reinstated Tesla stock options worth $139 billion that were voided last year, according to...