Islami Bank Bangladesh Ltd won the top performing banking award in sustainability rating by the Bangladesh Institute of Bank Management (BIBM) on Sunday.

Md Murshedul Kabir has joined Agrani Bank Ltd in the post of managing director (MD) and chief executive officer on Sunday.

Japanese auto giant Honda and South Korean battery maker LG Energy Solution announced a joint venture Monday to invest $4.4 billion in a new US electric car battery plant.

Uttara Motors Ltd, sole distributor of Suzuki vehicles in Bangladesh, recently launched the new Suzuki XL6, a premium sports utility vehicle, at its Uttara Centre in Tejgaon, Dhaka.

IFIC Bank has decided to issue a Tk 500-crore non-convertible coupon bearing subordinated bond. 

Mohammad Jahangir has joined Rupali Bank in the post of managing director and chief executive officer yesterday.

Md Afzal Karim joined Sonali Bank Limited in the post of chief executive officer and managing director yesterday.

Experts yesterday urged banks to increase loan disbursements for cottage, micro, small and medium enterprises and the agriculture sector as a majority of the lenders were currently showcasing a reluctance to do so. 

The government wants to amend the labour law as soon as possible to comply with European Union labour standards in a bid to obtain the GSP Plus status in the key export market, said the commerce secretary yesterday.  

Romo Rouf Chowdhury has been elected chairman of Bank Asia Ltd in the 479th meeting of the Board of Directors of the bank on Thursday. 

RFL Group yesterday launched three new kitchen sink models, made of stainless steel and designed to cut use-generated noise, priced between Tk 1,400 and Tk 4,200. 

Transcom Electronics Limited (TEL), a leading retailer and distributor, has launched a new branded television in Bangladesh in partnership with Chinese electronics company TCL.

Daraz intends to invest Tk 1,000 crore in Bangladesh in the next 3-4 years to ramp up its operation by building infrastructure and ecosystem, the Alibaba Group-backed e-commerce venture said yesterday.

Berger Paints Bangladesh recently won the “Asia’s Best Employer Brand 2022” award of the World HRD Congress at Pan Pacific, Marina Square in Singapore.

Trendy Textiles Ltd, a local company,  will invest $38.99 million to establish a knit composite textile factory in the Dhaka Export Processing Zone (EPZ).

Shepherd Industries Ltd is going to amalgamate with its sister concern Shepherd Textile BD Ltd (STBL). 

Online grocery platform Chaldal has raised Tk 5 crore in funding from Startup Bangladesh, the first government-backed and flagship venture capital fund. 

Mahtab Uddin Ahmed, a former chief executive officer of Robi Axiata Ltd, has filed a lawsuit against the telecom operator, its board chairman and former group CEO seeking Tk 227 crore in retirement benefits and compensation for ‘wrongful dismissal’. 

The Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) yesterday signed an agreement with Sustainable Textile Initiative: Together for Change (STITCH) to work together for ensuring fair prices from buyers in the knitwear sector. 

Optimum Solution & Services Ltd has received a licence from the Bangladesh Bank to operate as a payment system operator.