Global Business
Heidelberg Bangladesh’s sales drop, but profit rises
The company gives credit to fall in administration, distribution costs and selling expenses
Inflation, exchange rate stability should get priority: experts
ICMAB organises a pre-budget discussion
Chinese SBS Zipper to invest $20 million in Bepza economic zone
The company will produce annually 271 million pieces of zipper and accessories
FBCCI to establish joint business council with Qatar Chamber
The council will strengthen economic ties and cooperation
Depositors’ money in merged banks will remain completely safe: BB
Accountholders of merged banks will be able to maintain their respective accounts as before
BDBL board okays merger with Sonali Bank
As of December 2023, BDBL had Tk 982 crore bad loans and Sonali Tk 13,150 crore
Administrator appointed for Sonali Life Insurance
Brig Gen (retd) SM Ferdous has already joined office: IDRA spokesperson
Jewellers cut gold prices by Tk 840 a bhori
From today, each bhori of 22-carat gold will cost Tk 118,798
Scooter sales rev up as riders seek comfort
Local retailers post up to 65% rise in monthly scooter sales
India's forex reserves jump to record high
It hit a record high of $642.63 billion as of March 22
Credit card use slightly up
Customers spent Tk 2,678 crore in Jan this year, up from Tk 2,674 crore in Dec 2023
High bad loans a 'big threat' to financial sector: BB
The central bank said in quarterly review on money and exchange rate
Forex reserves fall by half a billion in a week
It hit $19.45 billion on March 27, down from $19.98 billion on March 20
Tax on provident funds' income: One country, dual policy
A provision in the Income Tax Act 2023 created the discrimination
SWIFT planning launch of new central bank digital currency platform in 12-24 months
The move is likely to be fine-tuned to when the first major ones are launched
Saudi Arabia's Islamic Trade Finance Corp to provide $1.4 billion to Bangladesh Petroleum
The ITFC, part of Saudi Arabia's Islamic Development Bank, said the financing was aimed at developing Bangladesh's energy infrastructure
Russia wants skilled manpower from Bangladesh
The Putin administration will take 60 workers initially and more in phases
Banglalink posts decade-high revenue growth
The mobile phone operator’s revenue grows 14.4% year-on-year to Tk 6,150 crore in 2023
