Political uncertainty drags down foreign cos' income in Jan-Sept

Most multinational companies saw their profits plummet in January-September this year compared to the same period last year, largely due to high finance costs and macroeconomic challenges amid political uncertainty.Economic activities have remained sluggish following the political changeover last year, squeezing demand and shrinking profitability, according to market analysts.Though some...

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BRAC Bank, ACI Godrej Agrovet to offer advanced transaction solutions

BRAC Bank, ACI Godrej Agrovet to offer advanced transaction solutionsBRAC Bank has entered into a partnership agreement with ACI Godrej Agrovet Private Limited, under which the latter will adopt the former's API-enabled agent banking and virtual account solutions for real-time collection, automated reconciliation, and seamless integration. Md. Shaheen Iqbal, CFA,...

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Mercantile Bank signs cash management deal with Esquire Electronics

Mercantile Bank signs cash management deal with Esquire ElectronicsMercantile Bank signed a cash management agreement with Esquire Electronics Limited at the bank's head office last Thursday. Under the agreement, Mercantile Bank will provide cash management services to Esquire Electronics and its customers through the bank's branches, sub-branches, agent outlets, mobile...

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