In a significant development aimed at enhancing bilateral cooperation, Russia has expressed its interest in forming partnerships with Bangladesh and investing in manufacturing electronic and digital devices in Bangladesh. A proposal in this regard was discussed at a meeting between State Minister
Prime Minister's private industry and investment affairs adviser Salman F Rahman at a global forum has focused on sharing technology to ensure that the entire world reap its benefits. "AI (artificial intelligence) technology may pose a threat to development by exacerbating the gap between deve
Summit Group on Thursday announced the appointment of Faisal Khan as the managing director of Summit Corporation, the largest independent power producer (IPP), LNG infrastructure and energy trading company in Bangladesh, effective from May 1, 2024, according to a press statement. "Faisal Khan is t
Unilever Consumer Care secured an 11.15 per cent year-on-year profit growth in January-March this year, despite decrease in revenue. In an earnings disclosure, it said it had curbed operating expenses by a remarkable 34.42 per cent in the three months to March, compared to the same period a year
The board of directors of Eastland Insurance Company Ltd in a meeting on Thursday unanimously re-elected Mahbubur Rahman as chairman of the company for the next three years. He is the founder chairman of Eastland Insurance Co Ltd, International Publications Limited (publishers of The Financi
United Power Generation & Distribution Company's profit jumped 25 per cent year-on-year to Tk 3.17 billion in the third quarter through March this year, supported by stability in the forex market and a higher finance income. Accordingly, its consolidated earnings per share (EPS) rose to Tk 5.39 in
Stocks closed higher on Thursday, the first trading day of May, with the key index exceeding 5600-mark, as bargain hunters bets on lucrative shares in anticipation of potential turnaround. Price hike of selective large-cap stocks such as United Power, Grameenphone, Robi, Best Holdings and Po
Stocks open higher on Thursday, the first trading day of May, with the key index exceeding 5600-mark in early trading, as bargain hunters bets on lucrative shares in anticipation of potential turnaround. Price hike of selective large-cap stocks such as United Power, Grameenphone, Beacon Pharma, Ro
State-owned Titas Gas Transmission and Distribution Company reported a 125 per cent year-on-year increase in losses in the third quarter through March of FY24. It failed to return to profit even after the Bangladesh Energy Regulatory Commission (BERC) had hiked commission to Tk 0.21 from Tk 0.13 p
Marico Bangladesh has declared a cash dividend of Tk 20 per share, the lowest in 11 years, for the fiscal year ended in March this year, despite a 19 per cent year-on-year growth in net profit. The manufacturer of famous Parachute Coconut oil saw its profit jump to Tk 46.06 billion in the ye
Leading drug makers showed a double-digit revenue growth year-on-year in the nine months through March this year, but the rise in their profits was much slower in comparison during the period for escalation in business cost. Increased raw material prices, energy costs and interest expenses p
The Board of Directors of NRB Commercial (NRBC) Bank Limited has recommended an 11 per cent cash dividend for the shareholders for the year 2023, subject to the approval of the 11th Annual General Meeting of the Bank. The decision was adopted in the 183rd meeting of the Board of Directors,
Dhaka Stock Exchange (DSE) witnessed its highest turnover in two months on Tuesday. It posted a turnover of Tk 8.36 billion, which is also a 26 per cent rise from the previous session and down by Tk 8 million from the March 5 turnover. DSEX, the broad index of the DSE, gained 15 points, despite m
