World Bank Managing Director for Operations Axel van Trotsenburg today reaffirmed the global lender’s strong support for Bangladesh to help achieve its vision of achieving upper-middle income status by 2031.

Stocks in Bangladesh rose for the second consecutive day today.

During the 1970s, Japan was gradually establishing itself as a global manufacturing powerhouse. In fact, the spectacular rise of Japan’s economy started in the late 1950s. This was naturally a big surprise to the world. How come the nation, which was devastated in the second World War, could turn around so fast?

Feeder-vessels operator HR Lines Limited, a subsidiary of Karnaphuli Group, has expanded its carrying capacity by adding two more container ships to its fleet.

The pharmaceuticals industry, which has made life-saving drugs available at lower costs, is facing troubles in opening letters of credit (LCs) to import much-needed raw materials and capital machinery owing to the US dollar crunch. 

All the indexes of the Dhaka Stock Exchange (DSE) rose slightly yesterday amid the lower participation of investors, who fear that the recent hike in gas and power tariffs would hurt the earnings of listed firms.

Shrimp farmers in Bangladesh barely get any financial support, especially from formal institutions, as they lack the required collateral, according to a study by the Consultative Group for International Agricultural Research (CGIAR).

The Peninsula Chittagong Limited’s profit declined more than 75 per cent year-on-year to Tk 94.93 lakh in the October-December quarter of the ongoing financial year. 

A ceremony marking the publication of “Life Struggle of Pioneering Entrepreneurs” featuring stories of 12 renowned industrialists of the country was held at Daffodil International University (DIU) yesterday.

Around 42 trucks carrying 1,250 tonnes of sugar from India have remained stuck at Benapole port for the past 28 days as the local customs authorities allegedly imposed a higher tariff than that stipulated by the government.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is going to urge international clothing retailers and brands not to nominate any particular supplier for the sourcing of raw materials and fabrics to prevent market distortions and bring back perfect competition. 

The central bank has ordered National Bank Ltd not to disburse more than Tk 10 crore in loans to a single borrower as the lender is going through uncertainties after its Managing Director Md Mehmood Husain stepped down.

Leading mobile financial service provider bKash has once again been ranked as the number one ‘Employer of Choice’ across all sectors for the third consecutive year, according to the results of the ‘Campus Track Survey B-school: 2022’ conducted by NielsenIQ.

The country’s apparel makers have sought cooperation from the World Bank (WB) for the development of Bangladesh’s garment sector.

AB Bank Limited has disbursed agricultural loans among marginal farmers in Tungipara, the birthplace of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman.

Bank Asia Limited celebrated the 9th anniversary of its agent banking operations at its corporate office (Rangs Tower) in Purana Paltan, Dhaka on Sunday.

IFAD Autos and Indian vehicle manufacturer Ashok Leyland have jointly launched a “Phoenix” pickup van and a “MiTR” minibus in Bangladesh. 

A new chairman of the Bangladesh Leasing and Finance Companies Association (BLFCA) has been elected for a two-year term. 

City Bank has promoted a senior executive vice-president and head of credit risk management to the posts of deputy managing director and chief risk officer. 

Leading mobile financial service provider bKash has once again been ranked as the number one ‘Employer of Choice’ across all sectors for the third consecutive year, according to the results of the ‘Campus Track Survey B-school: 2022’ conducted by NielsenIQ.