Business

Pre-Eid-ul-Fitr sales of clothes, footwear, electronic gadgets, jewellery and cosmetics in the capital all appear to be above last year’s tally, as the year’s biggest spending season is close to its end. Businesspeople at malls, shopping centres and unauthorised footpath shops are reporting better sales than last year in both men’s and women’s

The National Board of Revenue on Sunday introduced online income tax returns in its Zone-8 on an experimental basis to maximise utilisation of the digital devices. Finance minister Abul Maal Abdul Muhith inaugurated the system at his secretariat office by submitting his own income tax returns for

The growing purchasing power of Bangladeshi consumers gave a tremendous boost to its retail trade in recent years, said economists, retailers as well as top lifestyle brand business houses. An obvious upshot is a huge festival economy, they said. Eid time sales, they said, were an eloquent testimony to the rising strength of the national

Babul Mia, 34, a resident of Nageswari in Kurigram, was unemployed two years ago. But an innovative idea of Babul to manufacture a mobile rice mill has now changed his life. He collected some money by selling a major part of his 20 decimals of land and bought a shallow pump with Tk 26,500 as ... Read more

Kaya Skin Clinic, a subsidiary of Marico Bangladesh Ltd, yesterday opened its second outlet at Dhanmondi, Dhaka. The new clinic will provide customised services to consumers, based on their skin needs. “We inaugurated the second branch as there is a huge demand for our services in Bangladesh,” said Soumendra Das, Marico marketing

BRAC Bank has opened a new branch on Elephant Road in Dhaka recently. Bank’s director Tamara Hasan Abed inaugurated the Elephant Road branch on Tuesday in presence of managing director and chief executive officer Syed Mahbubur Rahman, said a

The Securities and Exchange Commission has decided that convertible securities like preference shares, bonds and debentures would have to be issued as per the ‘repeat public offering’ guidelines. The commission finalised the guidelines for the issuance of convertible securities on Tuesday as there was no distribution mechanism, price fixing method and

Fareast Islami Life Insurance Company Ltd has appointed Abul Khaleque as chief financial officer, the insurer said in a statement. Khaleque started his career with American Life Insurance Company Ltd, served the insurer for seven years and finished as its chief

National Bank Ltd has appointed SM Jaffar as its deputy managing director, the bank said in a statement yesterday. Prior to the appointment, he was the senior executive vice-president of Southeast Bank Ltd. Jaffar started his banking career with AB Bank as trainee officer in 1985. He served

Aftab Group launched its new venture Aftab Foods Limited on Tuesday. Aftab Foods Limited executive general Sheikh Aman Ullah announced the launching of the new company with a slogan ‘Delicious-Healthy’ in a programme at a city

Dutch-Bangla Bank has opened its SME/Agriculture branch at Dhaka Dashkin under Golapganj upazila in Sylhet on Monday. That was the bank’s 84th branch. Bank’s managing director Md Yeasin Ali inaugurated the branch. Among others,

Prime Bank organised a seminar on ‘Role of zakat in eliminating poverty’ on Monday. Bank’s executive committee chairman Imam Anwar Hossain was present as chief guest while managing director M Ehsanul Haque presided over the meeting, said a news

IDLC Securities Limited has recently opened its eighth branch in Narayanganj. IDLC Finance deputy managing director Arif Khan, who is the president of the Bangladesh Merchant Banker’s Association, inaugurated the branch, said a news

Leaders of the Bangladesh Merchant Bankers’ Association on Monday requested the Securities and Exchange Commission to review its decision to impose a net asset value based calculation system for margin loan. They urged the commission to allow market price based margin loan, even by lowering

The Therapeutic Goods Administration (TGA) of Australia accredited Eskayef Bangladesh Ltd, a leading local pharmaceutical, for its new world-class facility at Tongi. Eskayef is the only company in Bangladesh that achieved both the UK MHRA and TGA, Australia. “It is one of the toughest registration processes for pharmaceuticals in the

The country’s largest private carrier GMG Airlines will operate scheduled flights from Dhaka to Jeddah during the upcoming hajj period. However, any passenger wishing to perform holy hajj can avail GMG’s scheduled flights to Jeddah in this regard, said a news

The country’s largest private carrier GMG Airlines will operate scheduled flights from Dhaka to Jeddah during the upcoming hajj period. However, any passenger wishing to perform holy hajj can avail GMG’s scheduled flights to Jeddah in this regard, said a news

Standard Chartered Bank and Energypac Engineering Ltd closed the first metal derivative transaction in Bangladesh. The deal, a Floating to Fixed London Metal Exchange Copper Swap, will help Energypac to protect itself against adverse movements in copper prices and to effectively manage their copper

Bata Shoe Company (Bangladesh) Ltd has introduced ‘Bata Gift Voucher.’ Bata Shoe Company (Bangladesh) Ltd chief financial officer Mc Yee Slew NG inaugurated the offer in Dhaka on Sunday, said a news release. Bata gift vouchers are like cash coupons that can be used by customers to make

Mercantile Bank has opened its 57th branch at Chhoto Bazar in Mymensingh town. Chairman of the bank Md Abdul Jalil inaugurated the 57th branch as chief guest on Sunday, said a news release. Local lawmaker Motiur Rahman, bank’s Audit Committee of the Board chairman