LC openings slightly up in FY24
Business Report : Opening of letters of credit (LCs) for imports increased in FY24 compared with that of in FY23 despite the Bangladesh Bank’s restrictive...
Business & Economy
Adani reaffirms commitment to supply power to Bangladesh
Business Report : Adani Power reiterated its commitment to supplying electricity to Bangladesh, confirming that an amendment to power export rules in India would not...
Japan’s Credit Saison injects $6.5m into ShopUp
Business Report : ShopUp, a leading B2B commerce platform in Bangladesh, raised $6.5 million in debt capital funding from Saison Investment Management Private Ltd (SIMPL),...
Abdur Rahman Khan made new NBR chairman
Business Report : The government on Wednesday appointed Abdur Rahman Khan as the chairman of the National Board of Revenue (NBR) by cancelling the contractual...
ADB to work with interim govt to support development
Business Report : The Asian Development Bank (ADB) has engaged with the interim government to support Bangladesh’s development strides. An ADB spokesperson said on Wednesday,...
Bangladeshi turmoil risks weaker banks and slower financial reforms, S&P says
Business Report : Political turmoil in Bangladesh is likely to slow planned financial reforms and has already added to weakness in the country’s banking sector,...
Chinese co comes with $6.70m investment proposal for UEPZ
Business Report : Chinese company Meigo (Bangladesh) Ltd. is going to invest US$ 6.70 million to set up a Collectable items and toys manufacturing factory...
MoU signing between Concord Architects & Interior Decor Ltd and Este Aesthetic Hospital Ltd
Business Report : Concord Architects and Interior Decor Limited has recently signed a Memorandum of Understanding (MOU) with Este Aesthetic Hospital Ltd. On 29 July...
Samsung offers 3 years’ warranty on selected TVs
Business Report : Samsung Bangladesh has once again raised the bar with their commendable offering of 3-years’ Complete Warranty on televisions. Customers purchasing selected models...
GP partners with Mobileum to enhance customer experience, security with AI-powered risk management solutions
Business Report : Grameenphone has partnered with Mobileum Inc. (“Mobileum”), a leading global provider of analytics and network solutions. Mobileum will provide a next-generation revenue...
Prices of daily essentials to fall gradually, says Finance Adviser
Business Report : Finance and Planning Adviser Salehuddin Ahmed said on Wednesday that prices of daily essentials will decrease gradually. “Common people will get relief...
Shomi Kaiser resigns from E-CAB
Business Report : Shomi Kaiser has resigned from her position as president of the e-Commerce Association of Bangladesh (e-CAB).She submitted her resignation letter to the...