The ICT infrastructure provider Huawei today signed a memorandum of understanding (MoU) with Bangladesh Garment Manufacturers and Exporters Association (BGMEA) to address the current energy crisis and move towards building a greener Bangladesh.

The fallow lands of different government organisations, including sugar mills, will be brought under cultivation, Agriculture Minister Muhammad Abdur Razzaque said today.

There is nothing to fear about foreign investments in Bangladesh’s ports as the government is determined to serve the country’s interest first before accepting any new investment, State Minister for Shipping Khalid Mahmud Chowdhury said today.

Bata Shoe’s sales rose 51 per cent year-on-year to Tk 213 crore in the July-September quarter of the 2022-23 fiscal year.

High prices of raw materials and the recent devaluation of the taka against the US currency took a toll on the profits of Berger Paints Bangladesh.

All major indices in Bangladesh dropped today after an error caused by the withdrawal of the circuit-breaker for all stocks delayed the starting of trading for the day.

Hundi might be informal, but it is quite well-organised and more importantly, it is perceived to be much easier and more convenient in comparison to the formal banking system.  

The Gubrakura-Karaitali land port in Haluaghat upazila of Mymensingh could go into full-fledged operation next month as the construction of all necessary infrastructure was completed last month, according to officials.

With sugar prices making new records almost every day for a supply crunch at home and abroad, pushing up the cost of making sweetener-based foods, state-run Bangladesh Sugar and Food Industries Corporation (BSFIC) can’t increase the supply to provide some relief to consumers. 

Bangladesh’s steel industry is set to see the entry of a couple of large business houses while several existing steelworks are looking to expand their capacities in order to gain from the rising demand for the key construction material.

Dhaka Bank has announced winning a “2022 US Dollar Clearing Quality Recognition Award” from JP Morgan recently, saying it was for “consistent and quality performance of the bank’s funds transfer operation management in SWIFT MT202 payments”. 

Brac Bank took part in a “Remitters’ Festival-2022” at Expo Centre Sharjah in the UAE recently which was aimed at encouraging expatriates to send their hard-earned money home through legal channels, especially banking channels. 

The steps taken by Bangladesh Telecommu-nication Regulatory Commission (BTRC) to ensure affordable broadband internet got global recognition as its internet at a flat rate initiative named ‘One Country, One Rate’ has won the ASOCIO-2022 award in the category of “Environmental, Social and Governance”.

Robi has maintained its growth momentum in the third quarter of 2022 when its revenue grew 5.9 per cent year-on-year to Tk 2,207.4 crore.

Startups are doing relatively well in Bangladesh but their success rate is not quite satisfactory owing to problems from a lack of access to finance to age-old valuation process to a dearth of private equity and incubation, said speakers and industry people yesterday.  

Only 58 companies in Bangladesh file sustainability reports and therefore mass awareness needs to be generated so that corporates are prompt to disclose the reports voluntarily, said analysts and entrepreneurs yesterday. 

Shrimp farmers across the country have to rely on disease-infested post-larvae in absence of quality shrimp fries which affects overall production and puts a damper on higher export prospects.

Rupayan City Uttara in a press conference yesterday announced it would soon hand over to customers some 477 flats of 2,100 square feet to 3,150 square feet of condominium “Rupayan Grand” in Uttara. 

Startups are doing relatively well in Bangladesh but their success rate is not quite satisfactory owing to problems from a lack of access to finance to age-old valuation process to a dearth of private equity and incubation, said speakers and industry people today.

Robi has maintained its growth momentum in the third quarter of 2022 when its revenue grew by 5.9 per cent year-on-year to Tk 2,207.4 crore.