Shwapno makes export debut

Retail chain Shwapno started its export journey by sending it first consignment to Hong Kong on March 31.
16 May 2022, 18:00 PM

Envoy Textiles to get $11m from ADB

The Asian Development Bank (ADB) may extend a loan of $11 million to Envoy Textiles Ltd to help the Bangladeshi textile miller purchase machinery for its second spinning unit.
16 May 2022, 18:00 PM

Sony TVs available at Transcom

Transcom Digital, an electronics retail chain of Transcom Electronics and a subsidiary of Transcom Group, started selling Sony televisions yesterday.
15 May 2022, 18:00 PM

Toshiba in talks with 10 buyout partners

Troubled conglomerate Toshiba said Friday it has been approached by 10 potential investors as it weighs going private, a move that would be highly unusual in corporate Japan.
15 May 2022, 18:00 PM

Honda yearly earnings solid despite chip crisis

Japanese auto giant Honda said Friday net profit rose 7.6 per cent in the financial year to March, benefiting from strong motorbike sales and a weaker yen.
14 May 2022, 18:00 PM

Emirates announces ‘significantly’ lower loss

Emirates airline announced a “significantly reduced” annual loss of $1.1 billion dollars on Friday, five times lower than a year before, as pandemic travel restrictions ease.
14 May 2022, 18:00 PM

Saudi Aramco becomes world’s most valuable company

Saudi Aramco on Wednesday dethroned Apple as the world’s most valuable company as surging oil prices drove up shares and tech stocks slumped.
12 May 2022, 18:00 PM

Shanta Equity gets new CEO

Rubayet-E-Ferdous has recently joined Shanta Equity Ltd, a concern of Shanta Group, as chief executive officer.
11 May 2022, 18:00 PM

Toyota posts record full-year net profit

Toyota on Wednesday posted a record full-year net profit helped by strong sales and a cheaper yen, but issued cautious forecasts as the pandemic and war in Ukraine disrupt supply chains.
11 May 2022, 18:00 PM

Anwar Landmark gets new CEO

Mohammed Fasiul Mowla has been appointed chief executive officer of Anwar Landmark Ltd.
11 May 2022, 18:00 PM

IDLC Finance gets new chief investment officer

A new chief investment officer has been appointed at IDLC Finance who will also serve as the lead director of IDLC Investments.
10 May 2022, 18:00 PM

Hyundai plans US EV plant

Hyundai Motor Co plans to announce a new electric-vehicle manufacturing plant in the United States and has been in discussions to build a facility in Georgia, near existing plants for the Hyundai and Kia brands, the Korean automaker and people with knowledge of its plans told Reuters.
9 May 2022, 18:00 PM

Drawing large investors to stocks still a tall order

When a sector offers opportunities to make a good profit and there is a conducive climate to invest, investors -- large and small and local and foreign -- don’t need to be told to channel investments there. Money flows in automatically. It is common when it comes to investment in the free market economy.
8 May 2022, 18:00 PM

Shwapno clocks record sales growth

Shwapno, the largest retail chain in Bangladesh, posted the biggest growth in turnover in the last financial year, driven by higher sales through its e-commerce platform and teleservice amid the coronavirus pandemic.
7 May 2022, 18:00 PM

Brac Bank’s ‘premium’ clients to enjoy benefits

Brac Bank last week signed a memorandum of understanding (MoU) with Ace Autos, the authorised distributor of China-based Great Wall Motor Company’s Haval sport utility vehicles (SUVs) in Bangladesh.
30 April 2022, 18:00 PM

HSBC’s top shareholder calls for its break-up

HSBC Holdings’s largest shareholder, Chinese insurance giant Ping An, has called for a break-up of the London-based bank, a source familiar with the matter said on Friday.
30 April 2022, 18:00 PM

MFS providers in a costly battle for supremacy

Mobile financial service (MFS) providing companies are spending big in the form of cashbacks on purchases made during the ongoing Eid sales season as they are fighting a costly battle for digital payment supremacy in the country.
30 April 2022, 18:00 PM

Square Pharma’s profits up 22pc

Profits of Square Pharmaceuticals and its subsidiaries surged 22 per cent in the first nine months of the current financial year of 2021-22 due to higher sales.
28 April 2022, 18:00 PM

Mobil Jamuna to buy 2nd oil tanker

Mobil Jamuna Bangladesh, a listed lubricant seller, is going to add another oil tanker to its fleet in order to increase its oil trading capacity as well as rent the vessel out to others.
28 April 2022, 18:00 PM

Unilever revenue up

Unilever on Thursday announced a jump in revenue after the British consumer goods giant passed on higher costs to customers.
28 April 2022, 18:00 PM