Banglalink sees rise in revenue

Banglalink reported a sharp increase in its quarterly revenue driven by strong data sales as the mobile network operator continued its 4G investment.
28 April 2022, 18:00 PM

Beximco Pharma’s profits drop

Beximco Pharmaceuticals saw around 27 per cent lower profits despite registering higher sales in the third quarter of the current financial year thanks to a rise in marketing and selling costs, according to the company’s financial report.
28 April 2022, 18:00 PM

Chevron, Brac funded Jibika project ends

A programme was recently held at Brac Centre in Dhaka marking the end of a Jibika (livelihood) project run in areas adjacent to Chevron-operated gas fields in Sylhet, Moulvibazar and Habiganj districts.
27 April 2022, 18:00 PM

Unilever stocks rise on higher profits

Stocks of Unilever Consumer Care, formerly known as GlaxoSmithKline, rose 0.52 per cent to Tk 2,861 at Dhaka Stock Exchange (DSE) yesterday after it announced that its profits had gone up 40 per cent.
27 April 2022, 18:00 PM

Brummer to sell 1cr shares of Runner Automobiles

Brummer Frontier PE II (Mauritius) is going to sell 1 crore of its shares in Runner Automobiles as a part of its initial objective for buying a stake.
27 April 2022, 18:00 PM

Apex sees 50pc rise in profits

Apex Footwear saw its profits rise 50 per cent despite recording lower sales between July 2021 and March 2022 of the current financial year (FY) mainly due to lower raw material costs, according to the company’s latest quarterly report.
27 April 2022, 18:00 PM

SS Steel to acquire another re-rolling mill

Deformed steel bar manufacturer SS Steel yesterday announced that it would acquire another factory, Al-Falah Steel & Re-Rolling Mills, and streamline its operations, all through an investment of around Tk 184 crore.
27 April 2022, 18:00 PM

Islamic Finance asked to form search panel

In a rare move, the Bangladesh Bank has asked Islamic Finance and Investment Ltd (IFIL) to form a search committee for the appointment of a managing director at the non-bank financial institution.
27 April 2022, 18:00 PM

GP to give 250pc cash dividend

Shareholders of Grameenphone have approved 250 per cent cash dividend for 2021.
26 April 2022, 18:00 PM

Bata Shoe returns to profit in Jan-Mar

Bata Shoe, one of the most popular footwear brands in the country, returned to profits in the first quarter (January-March) of the ongoing calendar year after drowning in losses amid the coronavirus pandemic.
26 April 2022, 18:00 PM

Musk gets Twitter for $44b

Elon Musk clinched a deal to buy Twitter Inc for $44 billion cash on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world’s richest person.
26 April 2022, 18:00 PM

Brac Bank, TAP to disburse remittance

Brac Bank recently signed an agreement with Trust Axiata pay (TAP) to directly channel remittance to TAP wallets owned by the beneficiaries in real time.
26 April 2022, 18:00 PM

Robi’s profit buoyed by lower income tax

Robi Axiata, the country’s second largest mobile network provider in terms of subscribers, said its net profit grew 16 per cent year-on-year to Tk 34.29 crore in the first quarter (January-March) of the current financial year as it had to pay less income tax.
26 April 2022, 18:00 PM

Post-import financing made easier

Bangladesh Bank yesterday revised its policy for post-import financing (PIF) to ease the process for importers to get finance smoothly.
26 April 2022, 18:00 PM

China firm to invest $50m in Bepza EZ

Chinese company Venus Beauty Ltd is going to set up a hair fashion accessories manufacturing factory in the Bepza Economic Zone with an investment of $50 million.
25 April 2022, 18:00 PM

Twitter reexamining Musk’s takeover offer

Twitter is reconsidering Elon Musk’s buyout proposal, with discussions between the two camps ongoing Sunday, The Wall Street Journal reported, after the billionaire said Thursday he had secured the necessary funding.
25 April 2022, 18:00 PM

City joins Net-Zero Banking Alliance

City Bank has recently joined Net-Zero Banking Alliance, a platform of banks worldwide representing almost 40 per cent of global banking assets and committed to align lending and investment portfolios with net-zero emissions by 2050.
25 April 2022, 18:00 PM

Brac Bank donates 5pc of CSR fund to PM’s trust

Brac Bank has contributed 5 per cent of its total corporate social responsibility (CSR) budget for 2022 to the Prime Minister’s education assistance trust (EAT).
25 April 2022, 18:00 PM

DBBL approves 27.5pc dividend

Shareholders of Dutch-Bangla Bank Ltd (DBBL) have approved a 27.5 per cent dividend for 2021 as it made higher profits.
24 April 2022, 18:00 PM

Keya Cosmetics gets independent directors

The Bangladesh Securities and Exchange Commission (BSEC) has appointed two independent directors at Keya Cosmetics to improve corporate governance in the company.
24 April 2022, 18:00 PM