Organisation News
Employment jumps 16-fold in areas surrounding EPZs
Employment in areas neighbouring eight export processing zones (EPZs) across Bangladesh jumped by almost 16-fold since industrial enclaves were established, according to a study by the Bangladesh Institute of Development Studies (BIDS).
SEL celebrates 40 years of journey
The Structural Engineers Ltd (SEL), a diversified steel fabricator in Bangladesh, recently marked 40 years of operation in the construction and housing industry of the country.
Akij Takaful Life Insurance to avail DataFort services
Akij Takaful Life Insurance PLC signed an agreement with DataFort Ltd recently to avail document storage and management services.
Mutual Trust Bank Perpetual Bond makes trading debut in DSE
The Mutual Trust Bank perpetual bond, listed under the “N” category, began trading on in the Dhaka Stock Exchange (DSE) on Wednesday.
Zaved Akhtar elected FICCI president
Zaved Akhtar, chairman and managing director of Unilever Bangladesh Ltd, was elected as president of the Foreign Investors' Chamber of Commerce and Industry (FICCI) for a two-year term.
Rupali Chowdhury elected BAPLC president
Rupali Haque Chowdhury, managing director of Berger Paints Bangladesh Ltd, has recently been elected president of the Bangladesh Association of Publicly Listed Companies (BAPLC) for a two-year term.
Edison Real Estate sets footprint in Uttara
Edison Real Estate Ltd recently launched their first project in Uttara, named “Edison Olivia”, a 9-storey building on 5 katha of land.
BASIS strikes MoU with PBIL
The Bangladesh Association of Software and Information Services (BASIS) has signed a memorandum of understanding (MoU) with Prime Bank Investment Ltd (PBIL) to catalyse access to the capital market for the ICT sector of Bangladesh.
Matin Spinning declares 40% cash dividend
Matin Spinning Mills PLC, a concern of DBL Group, has announced a 40 percent cash dividend in the 21st annual general meeting (AGM) of the company.
iFarmer strikes deal with Prime Bank
iFarmer, a tech-enabled one-stop solution for smallholder farmers, has signed an agreement with Prime Bank to accelerate financing for farmers with the intention to empower female farmers in Bangladesh.
E-payment mandatory for depositing VAT of Tk 10 lakh and above
Businesses will have to deposit value-added tax (VAT) of Tk 10 lakh and above through electronic payment or automated chalan from the first day of January next year, the National Board of Revenue (NBR) said yesterday.
Interest rates for NBFIs rise further
The interest rates of loans and deposits in non-bank financial institutions (NBFIs) increased further as the central bank hiked the interest margin by 25 basis points to make money costlier with the aim to curb skyrocketing inflation.
New Yamaha bikes hit market
ACI Motors Ltd, a distributor and technical collaboration partner of Yamaha motorcycles in Bangladesh, has brought two new bikes with modern features to the market.
GPH Ispat inks deal with ABC Real Estates
GPH Ispat Ltd has signed an agreement for supplying high strength steel re-bar to ABC Real Estates Ltd.
National Housing gets BSEC nod for Tk 374cr bond
The Bangladesh Securities and Exchange Commission (BSEC) today gave the go-ahead to the National Housing Finance and Investment Ltd (NHFIL) to raise Tk 374 crore by issuing bonds to provide loans for homes, the regulator said.
Trade delegation to visit Thailand
A 50-member trade delegation led by Abdur Rahim Khan, additional secretary of the ministry of commerce, will go to Thailand to take part in a business-to-business matchmaking seminar to be held in Bangkok on Thursday.
Alpha Islami Life Insurance to raise Tk100cr thru IPO
Alpha Islami Life Insurance Ltd (AILIL) has decided to raise capital of Tk 100 crore through an Initial Public Offering (IPO).
Abdul Matlub Ahmad elected as IBCCI chairman
Abdul Matlub Ahmad, chairman of Nitol Motors Ltd and ex-president of the Federation of Bangladesh Chambers of Commerce and Industry, has been elected as president of the India-Bangladesh Chamber of Commerce and Industry (IBCCI) for a two-year term (2023-2025).
