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Economy
UCB’s profit falls 43.50% in April-June
United Commercial Bank PLC suffered a 43.50 per cent year-on-year decline in profit in April-June of 2023 owing to a significant decrease in operating profit stemming from a spike in interest expenses on deposits and borrowings and operating expenditures.
25 July 2023, 18:00 PM
Cement makers call for cutting assessment value at import stage
The Bangladesh Cement Manufacturers Association (BCMA) has urged the Chattogram Custom House to cut the assessment value of three raw materials as their prices have fallen in international markets.
25 July 2023, 01:00 AM
Financial reforms going in right direction: IFC
Initiatives to bring about reforms in the financial sector of Bangladesh have been moving in the right direction, according to Martin Holtmann, country manager of International Finance Corporation (IFC) for Bangladesh, Nepal and Bhutan.
25 July 2023, 01:00 AM
Banks’ forex balances on the rise
Gross foreign exchange balances held by commercial banks in Bangladesh rose to a 19-month high of $5.53 billion in June, owing to lower imports and higher export and remittance earnings, central bank data showed.
25 July 2023, 00:00 AM
Public food stock surges to 18-month high
Public food stocks in Bangladesh rocketed to an 18-month high in July thanks to higher procurement, imports of grains and reduced distribution, official figures showed.
25 July 2023, 00:00 AM
More talks with Japan today
A second round of discussions between Bangladesh and Japan starts in Dhaka today to finalise negotiations focusing a joint study, which would act as a guideline principle for signing an economic partnership agreement (EPA).
24 July 2023, 18:00 PM
First project approved through planning ministry software
The planning ministry yesterday approved a project through the Project Processing, Appraisal and Management System (PPS), which aims to ensure transparency and accountability in the formulation and approval of various initiatives.
24 July 2023, 18:00 PM
SMC Enterprise launches SMC biscuits
SMC Enterprise Ltd launched a new kind of micronutrient-fortified food item SMC biscuits for the local market on July 19.
24 July 2023, 18:00 PM
bKash, DataSoft in microcredit instalment deal
Mobile financial service provider bKash has signed an agreement with DataSoft Systems Bangladesh Ltd to facilitate instalment payments by customers who avail microcredit.
24 July 2023, 18:00 PM
NRBC Bank’s June deposits up 19% year-on-year
Deposits at NRBC Bank at the end of last June stood at Tk 17,753 crore, which was a year-on-year increase of 19 per cent, as per a meeting of its board of directors.
24 July 2023, 18:00 PM
Prime Bank, Portonics sign deal over payments
Prime Bank Ltd has signed an agreement with online payment aggregator Portonics Ltd enabling customers to make merchant payments through internet banking and credit cardholders to avail up to 36 monthly equal instalments.
24 July 2023, 18:00 PM
ICC Bangladesh organises workshop
The International Chamber of Commerce (ICC) Bangladesh organised a daylong workshop on “Managing Trade Payment and Trade Finance Risk- Operations, Compliance & Legal Analysis” in Dhaka on Saturday.
24 July 2023, 18:00 PM
SIBL makes Tk 36.92cr profit in Q2
Social Islami Bank Limited made a Tk 36.92 crore profit in the second quarter of 2023, an increase of more than 3 per cent year-on-year.
24 July 2023, 18:00 PM
Agrani Insurance posts over 20% higher profit
Agrani Insurance Co Ltd posted a 20.68 per cent year-on-year increase in profit to Tk 1.11 crore in the second quarter of 2023.
24 July 2023, 18:00 PM
BAT Bangladesh’s profit rises on higher sales
British American Tobacco (BAT) Bangladesh Company Ltd’s profit grew 4 per cent in the first six months of 2023, driven by higher sales and leaf exports although it recorded a marginal decline in earnings in the second quarter.
24 July 2023, 18:00 PM
Annual fish output to rise to 85 lakh tonnes by 2041
Bangladesh has targeted to raise annual fish production to 85 lakh tonnes by 2041, said Fisheries and Livestock Minister SM Rezaul Karim yesterday.
24 July 2023, 18:00 PM
Ship Tilting in Bay: 16 days in, 20 containers feared gone overboard
Anxiety and frustration continue to grow among importers whose goods-filled containers are yet to be salvaged following the tilting of a vessel in the Bay of Bengal near the Bhasan Char coast 16 days ago.
24 July 2023, 00:00 AM
Citizens Bank aims to become a top lender
Banks are systemically important institutions and corporate governance is vital for them to navigate difficult times and convince depositors to keep money with them.
23 July 2023, 18:00 PM
Forex reserves slip further
Bangladesh’s foreign currency reserves have slipped further as per the definition of the International Monetary Fund’s (IMF) balance of payments and investment position manual.
23 July 2023, 18:00 PM
United Insurance posts lower profit in Q2
United Insurance Company Ltd posted about 8 per cent lower profit at Tk 3.60 crore in the second quarter of 2023.
23 July 2023, 18:00 PM