Oil prices dipped on Tuesday after the US government said it would release more crude from its Strategic Petroleum Reserve, while traders look out for US inflation data for further queues.

The Hongkong and Shanghai Banking Corporation (HSBC) has appointed a new country head of wholesale banking in Bangladesh, effective from February 13 and subject to regulatory approvals.

Delta Life Insurance Company Limited has been fined Tk 20 lakh for violating insurance regulations for the 2015-2017 period.

City General Insurance Company Ltd reported a 34 per cent year-on-year growth in profit in 2022 on the back of higher premium incomes.

BD Thai Food & Beverage Ltd made a profit of Tk 1.47 crore in the October-December period of the current financial year, up 13 per cent year-on-year.    

Prof Shamsul Alam, state minister for planning, yesterday called the rice market of Bangladesh as completely deceitful as the staple is not sold under their real names.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has called for a long-term industrial loan facility so that no business becomes “sick” in terms of financial health.

Meticulously crafted over decades as a major revenue stream for the Kremlin, Moscow’s gas trade with Europe is unlikely to recover from the ravages of military conflict.

Brac Bank recently signed an agreement with Confidence Group offering opening of salary accounts, multi-currency debit and credit cards, deposit pension scheme, fixed deposit, loan facilities etc. 

Mutual Trust Bank has closed a $55 million 1-year dual tranche syndicated financing facility arranged by Mashreq, a financial services provider in the Gulf Cooperative Council, Europe, USA, Asia and Africa.

Advertising, public relations and communications agency Triune, a subsidiary of Triune Group, has been named in a list of top 10 advertising agencies for 2023 in Asia by business magazine Asia Business Outlook. 

Md Arif Al Islam, managing director of Summit Communications, has recently been elected global council member of the Association of Chartered Certified Accountants (ACCA). 

Shares on the Dhaka and Chittagong stock exchanges returned to red yesterday as risk-averse investors went for a quick profit-booking.

“Because of the cutting and polishing, rice loses its nutritional value and it is being done by importing machines spending crores of taka. The government will take steps soon to stop it.”

Shares on the Dhaka and Chittagong stock exchanges fell snapping a day's gain.

The Dhaka Stock Exchange opened lower in the morning session.

Top mobile operator Grameenphone lost a huge chunk of its subscriber base in 2022 due to mainly a six-month-long SIM sales ban while Banglalink emerged as the winner of the year with a big gain in customer numbers.

The International Finance Corporation (IFC) is providing $50 million to Prime Bank Limited to support export and import-based businesses in Bangladesh with a view to helping them cope with global uncertainties brought on by the Covid-19 pandemic.   

Farmers in Patuakhali have successfully cultivated wheat through a method known as relay cropping, raising hopes that lands left fallow during the dry season can now be used for growing the cereal grain.

The output at the country’s steel and cement factories has fallen almost by a third due to the power and gas crisis, a hike in raw material prices in the global market, and the US dollar shortage, manufacturers said yesterday.