In Q3, it suffered a loss of Tk 6.63 crore in 2023, down from a profit of Tk 57.18 crore in 2022

The company's profit hit Tk 10.54 crore in FY23, down from Tk 12.16 crore in FY22

Green Delta Insurance Company Limited is going to purchase 43 percent of shares of Sunlife Insurance Company Limited, which is now struggling to settle claims of clients.

Garment workers urged not to resort to violence over rumour 

GPH Ispat Ltd, a leading steel maker in Bangladesh, reported a massive drop in earnings during financial year 2022-23 due to the spiral in raw materials prices and higher cost of the US dollar in foreign currency transactions.

Trade union leaders of the garment sector yesterday urged the government to announce a “decent” minimum wage for workers as soon as possible to prevent workers from engaging in further agitations. 

Onion prices at wholesale and retail markets in Bangladesh rose yesterday after India set a minimum price of $800 per tonne on exports of the bulb.

Daffodil Computers, a listed computer seller and software service provider in Bangladesh, is making a strategic investment of $50,000 to establish a branch of “Daffodil Global” in Dubai, the capital of the United Arab Emirates.

Although foreign aid commitments made by global lenders to Bangladesh surged more than 600 percent in July-September of the current fiscal year, the disbursement declined. 

A countrywide dawn to dusk hartal enforced by opposition parties BNP and Jamaat-e-Islami yesterday had little impact on operational activities at the Chattogram port.

The number of unemployed people in Bangladesh declined by 1.80 lakh year-on-year in the third quarter of 2023 despite the country’s major economic indicators having slowed down.

No bankers and directors will be able to hold any post in the Shariah supervisory committee of banks as the Bangladesh Bank changes rules to make lenders more compliant and curb irregularities. 

Mercantile Bank yesterday launched four sub-branches across Bangladesh through a virtual ceremony. ASM Feroz Alam, vice-chairman of the bank, inaugurated the sub-branches while Md Quamrul Islam Chowdhury,

The Finance Companies Bill, 2023 was placed in parliament yesterday aiming to curtail the practice of people defaulting on loans from non-bank financial institutions (NBFIs) in the country.

The Foreign Investors’ Chamber of Commerce and Industry (FICCI) has rescheduled the date of its event for “FICCI 60 Years Celebration & Investment Expo 2023”.

In a letter to Bangladesh Bank and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), the Bangladesh Textile Mills Association (BTMA) yesterday said garment exporters owe more than $376 million to its members.

Marico Bangladesh’s profit has grown at a higher pace than revenue in the July-September quarter of the current financial year as the consumer goods manufacturer and marketer was successful in reducing the cost of sales and improve finance income.

IDLC Finance saw a decline in profits in the first nine months of the current calendar year due to a drop in interest and investment incomes as well as low income from commissions. 

The two-day event will begin on Nov 19, which was earlier scheduled to start on Nov 8

It will establish a branch named Daffodil Global in UAE