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Onion farmers stare at 24pc loss for price debacle in FY25

Onion farmers in Bangladesh have incurred a staggering 24 per cent loss this fiscal year, as they failed to recover their production costs due to abnormal price volatility on the domestic market, according to the latest Bangladesh Bank survey. The survey report titled "A Study on Value Chain Efficiency of...

MetLife tops life insurers in claims settlement for 2024

MetLife Bangladesh topped the list of life insurance companies in terms of claims settlement in 2024, according to data from the Insurance Development and Regulatory Authority (IDRA).The data shows that MetLife led all insurers by settling the highest amount of claims during the year. National Life Insurance Company followed in...

Bengal Commercial Bank Signs Agreement with Emerging Credit Rating Ltd

Bengal Commercial Bank PLC signed an agreement with Emerging Credit Rating Ltd. (ECRL), a leading credit rating agency, at the Bank's Head Office in Dhaka recently. Tarik Morshed, Managing Director & CEO of Bengal Commercial Bank, and Arifur Rahman, CEO of ECRL, signed the agreement. Also present at the ceremony...

UCB hosts Entrepreneurial Training in Bandarban

As part of its agro-CSR initiative titled 'Bhoroshar Notun Janala', UCB recently organised a daylong capacity-building training session at the Bandarban Hill District Council auditorium. The event brought together nearly 170 agricultural entrepreneurs from different upazilas (sub-districts) of the district. The program was inaugurated by Professor Thanzama Lusai, Chairman of...

Prime Bank signs partnership deal with ShareTrip

Prime Bank PLC, a leading financial institution, has entered into a strategic partnership with ShareTrip, a pioneering travel-tech company. Through this collaboration, Prime Bank customers will enjoy exclusive and attractive benefits when availing services from ShareTrip. Md Nazeem A Choudhury, Deputy Managing Director of Prime Bank, and Sadia Haque, Co-founder...

Shahjalal Islami Bank holds 70th Risk Management Committee meeting

The 70th meeting of the Risk Management Committee (RMC) of Shahjalal Islami Bank PLC was held on at its Corporate Head Office in Dhaka on Wednesday. The meeting was presided over by Engineer Md. Towhidur Rahman, Chairman of the Committee. Members of the committee Khandaker Shakib Ahmed and Mohammed Younus...

South Korea exports fall

SEOUL, May 21 (AFP): South Korea's exports fell 2.4 per cent year-on-year in the first 20 days of May, partly due to weak sales to the US, official data showed Wednesday.South Korea's exports totalled $32 billion from May 1 to 20, down 2.4 per cent from the same period last...