When legendary entrepreneur SK Akij Uddin borrowed from banks, he would consider himself a custodian of the money and would remain vigilant in ensuring timely repayment.

Emirates has appointed Jaber Mohamed as its area manager for Bangladesh, effective from August 1 this year.

Innovative strategies are needed to reach the budget’s aim of keeping inflation at 6 per cent and achieve the ambitious revenue collection target, according to economists.

Perhaps one of the most fundamental duties of a leader at a professional business enterprise is to help their people feel purposeful, motivated, and energised so that they can bring their best selves to work. Even if one is fortunate enough to truly attain a meaningful position of leadership in an organisation but can’t bring the best out of their colleagues, they would be deemed to be ineffective. Unfortunately, too many leaders lose focus on this aspect.

In 1998 when Electro Mart Ltd launched its Chinese-manufactured Konka colour television at almost half the prices of international brands, it took many by surprise.

The wooden furniture industry in Bangladesh has not flourished as market players are unable to export their products at competitive prices amid the high tariff on imported raw materials and subsequent dearth of quality components, speakers said at a discussion.

The Bangladesh Bank may today raise its key interest rates to tame inflationary pressure but the attempt might go in vain since the monetary authority may not withdraw the interest rate cap on loans in a true sense. 

It is the peak harvesting season for jackfruit in Bangladesh. As such, Brahmanbazar, a wholesale market in Kulaura upazila of Moulvibazar, is abuzz with the presence of farmers and traders looking to profit off the tropical fruit.

Eleven banks in Bangladesh faced a collective capital shortfall of Tk 33,575 crore in March, up 9.3 per cent from a quarter ago, in a reflection of their worsening financial health caused by persisting irregularities and lack of governance, central bank data showed.  

The proposed Income Tax Bill 2023 is investment and business friendly in many ways, according to the Institute of Chartered Accountants of Bangladesh (ICAB).

Banks have traded dollar at as high as Tk 109 among themselves, reflecting persistent shortage of foreign currency in the market.

Abul Khair Steel, a concern of Abul Khair Group, recently organised a factory visit for engineering students of different universities to foster collaboration between academia and industry and provide practical understanding of steel manufacturing processes. 

Retail chain Meena Bazar has gone through further expansion, launching three new outlets at Uttara 3, Uttara 4 and Nazimuddin Road in Dhaka yesterday. 

Grameenphone has introduced “Tourist SIM” for foreigners, entrepreneurs, travelers, business owners, traders and others making a short trip to Bangladesh.

The High Court has reconstituted the board of directors of the People’s Leasing and Financial Services Ltd (PLFSL), a troubled non-bank financial institution, to run it “effectively for the greater interest of depositors and stakeholders”. 

An organisation is like a tree full of monkeys on different limbs at different levels. The monkeys on top look down and see a tree full of smiling faces.

Chinese company Mingda (Bangladesh) New Material Co Ltd will invest $76.41 million in Bepza Economic Zone to produce different types of cotton product.

Bangladesh Bank yesterday said that the upcoming commercial banks in the country will have to ensure Tk 500 crore as paid-up capital instead of the existing Tk 400 crore requirement.

Local garment suppliers will have to focus on making apparels wholly from recycled materials by 2030 as the H&M is going to abide by a European Union (EU) due diligence law on protecting the environment and human rights. 

The government has no other alternative but to borrow from the banking sector to meet the budget deficit, Planning Minister MA Mannan said yesterday.