The Ministry of Labour and Employment has recommended that the basic monthly wage of a “highly skilled” worker of the soap and cosmetics industry inside divisional cities and city corporations be Tk 8,260. .It has also recommended 50 percent of it as house rent allowance, Tk 1,500 as med

Labour unrest in several industrial belts after the August regime change might have caused at least Tk 5,000 crore in losses as production and distribution suffered and many factories came under attack, according to the Metropolitan Chamber of Commerce and Industry (MCCI)..“We have come to

The Dhaka Chamber of Commerce and Industry (DCCI) has lauded the recent central bank move that lifted margins for letters of credit (LCs) for typical imports, saying this will boost overall industrial output and eventually increase the country’s exports..Besides, the chamber has appreciate

YiXin Bangladesh, a Chinese company in Bangladesh, will set up a footwear accessories manufacturing factory in the Bepza Economic Zone with an investment of $7.45 million..The company has set a target to annually produce 10 million pairs of footwear materials. The investment will create em

Walton Hi-Tech Industries PLC declared a 350 percent cash dividend for its general shareholders for the financial year 2023-24, despite adverse economic situations..General shareholders will get a cash dividend of Tk 35 per share. .But, sponsors and directors have opted for a 200 per

IDLC Finance PLC has partnered with bKash recently to enable its customers to make different payments through the mobile financial service provider’s app from the comfort of their homes. .The payments include loan instalments, duplicate document issue charges, statement and certificate c

Asset Developments & Holdings Ltd, a developer company in Bangladesh, donated a financial relief package worth Tk 20 lakh for the flood-affected people in the eastern and southeastern regions of Bangladesh..The aid will be donated to the Chief Adviser’s Relief and Welfare Fund..Nabil

Bangladesh Honda Private Ltd (BHL), a subsidiary of Honda Motor Co Ltd, has started its export operations to contribute to both local and international markets

Hongkong and Shanghai Banking Corporation (HSBC) Bangladesh has been awarded the International Retail Bank of the Year for the fourth consecutive year by the Asian Banking & Finance (ABF)

Md Rezaul Karim was appointed chairman of the Bangladesh Power Development Board (BPDB) on Sunday..Karim had been serving the BPDB as member (distribution) prior to joining the new role, according to a press release..He replaced former chairman Md Mahbubur Rahman..Karim started

Bangladesh General Insurance Company declared a 10 percent cash dividend for the year that ended on December 31, 2023..The declaration came at the insurer’s 39th annual general meeting (AGM), which was held virtually recently, the bank said in a press release..Towhid Samad, chairman

Edison Real Estate recently signed a memorandum of understanding (MoU) with AkijBashir Group..Ahmed Pasha, director of the realtor, and Mohammod Khourshed Alam, chief operating officer of the business conglomerate, penned the MoU at the latter’s head office in the capital’s Tejgaon, accord

Gulshan Society, with the help of Shanta Holdings, took the initiative to launch a “Kids Zone” at Gulshan Society Lake Park in the capital..Maj Gen (retd) Siddikur Rahman Sarkar, chairman of Rajdhani Unnayan Kartipakkha (Rajuk), inaugurated the ‘Kids Zone’, according to a press release.</p

Prime Bank recently launched a new Islamic payroll banking service named “Prime Hasanah Payroll Banking” to meet the growing demand for Shariah-compliant financial solutions..Nazeem A Choudhury, deputy managing director of the bank, inaugurated the service at the bank’s corporate head offi

Prof Abu Ahmed, a former chairman of the economics department of the University of Dhaka, has been appointed as the chairman of the Investment Corporation of Bangladesh (ICB) for the next three years..The Financial Institutions Division of the finance ministry issued a notification in this

Md Nazrul Islam Swapan, a businessman and industrialist, was unanimously elected as the chairman of the board of directors yesterday .

Humaira Azam, who was the first female to become managing director (MD) and chief executive officer of a bank or non-bank financial institution (NBFI) in Bangladesh, recently joined LankaBangla Finance as its MD..Humaira had been serving as managing director and CEO of Trust Bank Limited p

ACI Motors recently provided a portable generator to Sena Kalyan Sangstha to ensure emergency power for flood-affected people in Dalba in Cumilla’s Chauddagram upazila..Bangladesh is facing a devastating flood that has left many homeless, without food, and struggling to meet essential need

Edison Real Estate Limited recently embarked on its journey in Jolshiri Abashon, their newest area of expansion..Md Aminur Rashid, chairman and CEO of the real estate company, inaugurated the construction of Edison Antonio and Edison Athens, two new residential projects in the planned resi

Pragati Life Insurance announced a 14 percent cash dividend for the year that ended on December 31, 2023..The announcement came at the insurer’s 24th annual general meeting (AGM), which was held virtually yesterday..Syed M Altaf Hussain, director, presided over the meeting, according