Holding its rank among the busiest seaports worldwide could be compared to climbing an oiled bamboo for Chattogram port as it again slipped by three notches in Lloyd’s List: One Hundred Ports 2023.

Bangladesh Bank has relaxed the rules for the chairmen of banks to hold directorship in subsidiaries abroad, according to a notice issued yesterday.

The central bank has asked banks to fix the interest rate of pre-shipment loans in line with the new reference lending rate as part of its efforts to make it market-based.

ACI Ltd, one of the leading business houses in Bangladesh, has decided to enter the aviation business and invest Tk 10 crore in a digital bank, said the company.

Bangladesh is losing $361 million worth of tax annually owing to the shifting of profits by multinational companies, especially into tax havens abroad, according to a report by the Tax Justice Network (TJN).

The biennial election of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) scheduled for July 31 is going to be an exercise to maintain a formality since a majority of the directors have already been nominated and elected unopposed. 

AB Bank Ltd has launched “AB Smart Loan” for women entrepreneurs.

A report by the Tax Justice Network (TJN) reveals

Its EPS hit Tk 1.54, down from Tk 2.02 in same period last year

The company’s accumulated loss now stands at Tk 325 crore

The local software firm has recently signed deal with UNDP-East Timor

The 2023 edition of the Lloyd's List One Hundred Ports was published last week

Bangladesh’s export to China fell to its three-year low of $677 million in the last fiscal year as entrepreneurs could not take advantage of the duty benefits extended by Beijing. 

Lotkon farmers in Bangladesh are enjoying good yields and prices for the fruit this year thanks to its vast popularity at home and abroad, according to market players.

The central bank has instructed banks and financial institutions to extend the 1 per cent interest rate incentive to women entrepreneurs if their cash credits and overdrafts are renewed within the tenure.

Heidelberg Cement Bangladesh Ltd has continued to recover from losses as it registered profit for the second quarter in a row thanks to a reduction in the cost of sales.

Profit of South Bangla Agriculture & Commerce (SBAC) Bank Ltd soared 28 per cent in the first six months of the current financial year that will end in December as the lender was able to bring down its provision against defaulted loans.

National Bank Limited suffered a Tk 627 crore loss in the first half of 2023, up 261 per cent year-on-year, due to lower incomes from interests on loans. 

OpenAI has launched the android version of its popular artificial intelligence chatbot ChatGPT.

The 13th Social Business Day, an annual global gathering, will begin in Langkawi of Malaysia today in order to celebrate and share the experiences of social business leaders and entrepreneurs spearheading a path to a sustainable and just future.