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Top UAE firms eager to invest in Bangladesh: Envoy tells CA

The United Arab Emirates (UAE) is eager to invest in Bangladesh's logistics, ports, aviation and renewable energy sectors, and is ready to support the interim government.UAE Ambassador in Dhaka Abdulla Ali Abdulla AlHmoudi said this during a meeting with Chief Adviser Prof Muhammad Yunus at the State Guest House Jamuna...

MTB celebrates Silver Jubilee by distributing loans

Mutual Trust Bank PLC (MTB) has distributed fresh loans to clients under Credit Guarantee Scheme (CGS) of Bangladesh Bank to celebrate its Silver Jubilee at its corporate Head office in Dhaka. CGS is aimed to scale up lending to CMSMEs who are unable to offer readily available collateral to receive...

IPDC Finance’s operating profit grows 18pc

IPDC Finance PLC posted an operating profit of Tk 1021.9 million for January-September period this year, registering an 18 per cent increase year on year, says a statement. During this period, the investment portfolio has increased by 44.5 per cent, resulting in a rise in investment income of Tk 254.9...

FTA: Dhaka, Bangkok plan to hold 6th JTC meeting soon

Bangladesh and Thailand have underscored the necessity of convening 6th Joint Trade Committee (JTC) meeting in Dhaka as soon as possible, highlighting that this would pave the way for Free Trade Agreement (FTA) negotiations, reports UNB.The Thai side flagged that the trial run of direct coastal shipping between Ranong Port...

Nurun Newaz elected NCC Bank chairman

Md Nurun Newaz SalimMd Nurun Newaz Salim has been unanimously elected as the Chairman of NCC Bank at a meeting of the Board of Directors of the bank on Monday, says a statement.Mr Newaz is an eminent industrialist and entrepreneur. He is the Chairman of Electro Mart Ltd. (manufacturer...

22 women entrepreneurs graduate from DIU

BRAC Bank and Daffodil International University (DIU) hosted a graduation ceremony for 22 women from the bank's women entrepreneur accelerator programme, 'Uddokta 101', says a statement.The three-month intensive certification course, which began in June, offered 12 modules covering key areas such as business development, finance, team building, and mental health....

India's Marico beats Q2 profit estimates on price hikes

Indian consumer goods maker Marico reported second-quarter profit well above market estimates on Tuesday, propped up by price hikes undertaken to offset higher raw material prices, reports Reuters.The company reported a near-20 per cent rise in consolidated net profit to 4.23 billion rupees ($50.3 million) for the three months ended...

SYLHET GAS FIELDS LIMITED HOLDS 42ND AGM

SYLHET GAS FIELDS LIMITED HOLDS 42ND AGM The 42nd Annual General Meeting of Sylhet Gas Fields Limited (SGFL), a gas production company of Petrobangla, was held at the Petrobangla Boardroom on October 24. Khalid Ahmed, Chairman of the company's Board of Directors and Additional Secretary (Operations), Ministry of Energy and...

Qatar's LNG sales to key Asian markets face challenges due to rivalry from US, UAE

Qatar is finding it hard to agree new deals to supply liquefied natural gas (LNG) to Japan and South Korea as rising competition from the US and elsewhere with more flexible contract terms challenges Doha's decades-old dominance of the market, reports Reuters.Qatar was once the top LNG supplier to Japan...