Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has again requested the US government to allow duty-free access to garments made from cotton imported from the United States.

Unilever Consumer Care Ltd (UCL), the maker of Horlicks, said its profit soared 17 per cent in the first three months of this year despite the consumer goods company recorded a fall in sales.

Brac Bank again got the highest credit rating “AAA” by the Credit Rating Agency of Bangladesh (CRAB) for showing its solid financial strength and stability.

Green Delta Insurance Ltd reported a 58 per cent year-on-year decline in profit to Tk 7.41 crore in the first quarter of 2023.   

The Peninsula Chittagong Limited suffered a 37.5 per cent year-on-year fall in profit to Tk 59.33 lakh in the third quarter of the current financial year.

LafargeHolcim Bangladesh’s profit rose 102 per cent year-on-year to Tk 190.9 crore in the first quarter of the current financial year riding on higher sales driven by new products and innovative solutions.

Quasem Industries Ltd reported a 20 per cent year-on-year decline in profit to Tk 87.27 lakh in the third quarter of the current financial year owing to a rise in the cost of production and expenses.

Brac Bank Limited posted a nearly 25 per cent year-on-year increase in profit in the January-March quarter of 2023.

Global tech giants such as Google and Facebook will face 15 per cent withholding tax deduction from payments made by local companies against advertisements given in the digital sphere, said the National Board of Revenue (NBR).

Revenue collection growth reduced by half in March this year from a year ago, suffered by decline in income and customs tax receipts amid falling corporate earnings and a downturn in imports, which analysts say is likely to weigh on the government’s budget spending, especially for development.

Nagad offers a 10 per cent cashback on the recharge of RFID tolling tags using its gateway with a view to encouraging digital toll payments for traveling on the Mayor Mohammad Hanif Flyover in Dhaka.

The country’s foreign exchange reserves have fallen to $29.77 billion as Bangladesh Bank cleared import bills to the tune of $1.18 billion through Asian Clearing Union (ACU). 

Finance Minister AHM Mustafa Kamal is scheduled to present the national budget for fiscal year 2023-24 on June 1.

Dilwar H Choudhury has been re-elected as the chairman of the board audit committee of Bank Asia Limited at a meeting of the Board of Directors recently.

The first meeting of a newly formed wage board for garment workers is scheduled to be held on May 24 on a proposal of major trade unions for offering workers a minimum monthly payment of Tk 23,000.

The company logged Tk 20.13 crore in profits in Jan-Mar this year, up from Tk 17.26 crore a year ago

The NBR shared the information a clarification to Bangladesh Bank

The telecom operator's EPS stood at Tk 0.08 in the quarter that ended on March 31

It hit $29.77 billion on May 7

The govt targets completing budget works before Eid vacation