Borak Real Estate Ltd (BREL), a concern of local business entity Unique Group, will open in Bangladesh two Indian chain hotels -- Taj and Vivanta.

Sustainable finance has emerged as a critical issue in the global financial landscape as investors are increasingly shifting towards assets with positive social impact, taking into account environmental, social, and governance (ESG) criteria.

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) yesterday gave away Tk 1.42 crore among 142 small traders whose businesses in the capital’s Bangabazar have been severely affected by a devastating fire on April 4.

About 82.19 per cent of garment factories paid partial salaries to their workers for April as of yesterday dispelling worries that many factories might fail to clear payments before Eid-ul-Fitr, according to data from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

Matin Spinning Mills PLC’s profit dipped 95.5 per cent year-on-year to Tk 1.07 crore in the third quarter of the current financial year.   

Genex Infosys Limited made a Tk 8.57 crore profit in the third quarter of the current financial year, an increase of 13.80 per cent from a year earlier. 

The ongoing heatwave has hampered Eid sales during day time in Barishal

Taj and Vivanta will be operated by Borak Real Estate and Indian Hotels Company

Some 82.19% already cleared partial salary of April

Banks remained open on a limited scale in the industrial areas, including Dhaka city, today to facilitate the payments of salaries, wages and festival allowances to garment workers ahead of Eid-ul-Fitr.

The demand for electric fans has increased significantly in Bangladesh as the scorching summer heat has become nigh unbearable in recent times.

Litchi farmers are concerned about potentially lower yields this year due to poor weather conditions, which hampered the flowering and budding stages of the fruit.

The gender gap in mobile money account ownership is 55 per cent in Bangladesh as mobile ownership among men is growing at a faster pace than among women, according to a global report.

Recent bank failures in the US and Switzerland have raised many questions regarding bankers’ role in the financial world. Questions are being asked: Can societies manage without banks even if their failure causes so much misery?

Bangladesh’s largest mobile financial service company bKash returned to profit in 2022 on the back of higher net finance income, snapping a three-year losing streak.  

Bangladesh’s exports to Asian markets are growing steadily thanks to increasing demand from several major markets but the country needs to sign trade pacts and diversify products in a continent where the consumer class is fast expanding.     

Standard Chartered recently won a “Best Overall Bank for Cash Management” award of the 2023 World’s Best Treasury & Cash Management Systems and Services Awards of monthly English financial magazine Global Finance.  

China’s economy grew at a faster-than-expected pace in the first quarter, as the end of strict Covid curbs lifted businesses and consumers out of crippling pandemic disruptions, although headwinds from a global slowdown point to a bumpy ride ahead.

Singer Bangladesh Limited made a Tk 11.27 crore profit in the January-March quarter of 2023, up 24.25 per cent from a year earlier.

Prime Bank Ltd registered a Tk 104.17 crore profit in the January-March quarter of 2023.