Abdus Samad Labu has been elected as the chairman of Al-Arafah Islami Bank Ltd (AIBL) in the 390th meeting of the board of directors of the bank yesterday.

Dhaka Bank Ltd recently distributed improved seeds and agrichemicals, including fertilisers and pesticides, among 500 marginal farmers of Shailkupa upazila of Jhenaidah district as part of its corporate social responsibility programmes.

Crown Cement PLC has decided to purchase fly ash from the Matarbari 2x600 MW Ultra Super Critical Coal Fired Power Plant to ensure smooth and regular production of cement.

The diverse functionality of mobile phones is enabling people in Bangladesh to access information from various virtual platforms and thereby educate themselves on just about any topic, reducing illiteracy rates in the process.

Zakir Hossain, a resident of Swajanpur village under Phulbari upazila of Dinajpur, has succeeded in cultivating date palm trees on his native soil, paving the way for other youths in the area to try their hand at farming the fruit.

Investment has dried up in Bangladesh’s dyeing sector, a vital cog in the textile and apparel supply chain, owing to the dragging gas shortage despite higher demand for fabrics from local garment exporters, industry people say.

The SME Foundation has established a common facility centre (CFC) for shoemakers in Kaluhati village under Rajshahi’s Charghat upazila, a move that is expected to help businesses improve the quality of their products.

Walton received orders worth around Tk 250 crore from various local and overseas companies in the recently held “International Advanced Components and Technology (ATS) Expo-2023”.

Rancon FC Properties, a subsidiary of Rancon Group, handed over their environmentally friendly project styled “Casa Crown” to its clients at Nasirabad Housing in Chattogram yesterday.

Capital flight, a growing concern for Bangladesh over the past few decades, refers to the outflow of financial assets from a country. While usual outflow may also be foreign direct investment, the problem arises when the fund transferred from a country does not have proper documentation of source and there is no intend of repatriation of the fund. This leads to loss of government revenue and depletion of foreign currency reserves.

Bangladesh is registering a slow spike in the cultivation of onions during summer with the government patronising the expansion to reduce high import dependence during the lean season from October to November.

The government should have facilitated egg imports for a certain period because of the recent abnormal price hike for the low-cost source of protein, according to Ghulam Rahman, president of the Consumers Association of Bangladesh (CAB).

Business leaders and experts have lauded one of the four packages of a universal pension scheme (UPS) meant for employees of private companies, saying it would enhance post-retirement financial security and benefit employers too. 

National Housing Finance and Investments Ltd, a specialised financial institution, has completed 25 years of operation in the financial sector.

SBAC Bank Ltd has elected a new chairman at a meeting of its Board of Directors last week. 

Brac Bank’s consolidated net profit after-tax (NPAT) grew by 75 percent supported by strong balance sheet growth in the first half of 2023.

The Board of Directors of Bank Asia Limited recently re-elected Helal Ahmed Chowdhury as an independent director for another three-year term at its 500th board meeting.

Bangladesh spent the highest, over Tk 10,000 crore, behind the import of each of nine products in fiscal year (FY) 2022-23 although some 4,788 types of goods enter through the Chattogram port.

Big pharmaceutical companies in Bangladesh are gradually taking hold of the country’s growing market for herbal medicines as people are opting for higher quality natural remedies with recognisable brand value.

Superstore brand Meena Bazar yesterday launched its 27th outlet at Shimanto Square on Dhanmondi Road 2 in Dhaka, aiming to provide quality products and services to its customers at affordable prices.