The business sector in Bangladesh has been going through severe challenges for the past four years, which, for many, have been the toughest period in decades, with the coronavirus pandemic being the dominant factor in the early part before the Russia-Ukraine war broke out. Today, we are running the second report of a series to present how various sectors fared in the face of the two unprecedented shocks. 

Tesla Inc will build a gigafactory in Shanghai to make the Megapack energy storage product, Chinese state media outlet Xinhua reported on Sunday.

Pragati Insurance Ltd clocked a profit of Tk 37.06 crore in 2022, down 1.22 per cent from a year earlier.

IDLC Finance Ltd posted a Tk 191.64 crore profit in the financial year that ended on December 31 of 2022, down 9.43 per cent year-on-year. 

World Bank cites factors such as higher import tax, NTBs, over-reliance on RMG

The Bangladesh Bank yesterday eased rules for banks for the settlement of import payments for capital machinery, industrial raw materials and payments for the government imports through funds taken from their offshore banking units (OBS).

Brac Bank has introduced a financial product called “Tally Loan – Druti” to promote greater financial inclusion in Bangladesh.

The central bank has reset the ceiling of the US dollar loans from its Export Development Fund (EDF) to manufacturers and exporters for input purchases,

Shahjalal Islami Bank recently promoted an official to the post of deputy managing director. 

Southeast Bank has recently appointed a managing director. 

Janata Bank has launched an artificial intelligence-based mobile app “eJanata”. 

Approximately 90 per cent of 2,100 beneficiaries selected for a Re-skilling and Employment Reintegration Programme of Standard Chartered Bangladesh and Underprivileged Children’s Educational Programmes (UCEP) Bangladesh are now employed. 

Energy prices declined 6.3 per cent in March, led by natural gas in Europe and coal, the World Bank’s Pink sheet reported.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will provide a grant of about Tk 1 crore to rehabilitate around 5,000 small and micro businesses affected by last Tuesday’s fire which burned down the Bangabazar market in Dhaka.

To meet import payment obligations, banks would be able to transfer funds from their OBUs to their domestic business or onshore units

DCCI President Md Sameer Sattar made the pleas to the central bank today

FBCCI President Md Jashim Uddin made the announcement during a visit to Bangabazar today

Established in 1989, the EDF facilitates access to financing in foreign exchange for input procurements by manufacturer-exporters.

Stocks on Dhaka and Chattogram bourses rose slightly in the morning trade today.

Recently, there has been too much discussion about ethics. At the same time, we get to see individuals getting into too much public relations (PR) too.