Organisation News

Organisation News

Singer declares 10% cash dividend for 2024

Singer Bangladesh Limited has declared a 10 percent cash dividend for the year 2024..The announcement was made during the company’s 45th annual general meeting (AGM), held virtually yesterday, according to a press release..Can Dincer, director of the company, presided over the meetin

1d ago

Guardian Life settles Tk 129cr in insurance claims in Q1

Guardian Life Insurance Limited has settled insurance claims amounting to approximately Tk 129 crore during the first quarter (Q1) of 2025..According to a press release, of the total settlement, death insurance claims accounted for Tk 77 crore, health-related claims totalled Tk 39 crore, w

1d ago

PBIL joins forces with EDGE for capital market growth

Prime Bank Investment Limited (PBIL) has entered into a memorandum of understanding (MoU) with EDGE Research & Consulting Limited (EDGE), an investment research and advisory firm, to deliver comprehensive investment banking services to a broad spectrum of institutional clients..The agreeme

2d ago

Shanta Holdings organises ‘Meet the Owners’ event in Bashundhara

Shanta Holdings recently organised an event titled “Meet the Owners” at Shwapnoneer, the real estate company’s inaugural project in Bashundhara..The event offered clients their first post-handover glimpse into the elevated lifestyle that awaits within this luxurious and contemporary reside

3d ago

Castrol appoints ‘Rock Energy’ as automotive distributor in Bangladesh

Castrol, one of the world’s leading lubricant brands, has appointed Rock Energy Limited as its exclusive distributor for the automotive aftermarket in Bangladesh, aimed at expanding Castrol’s footprint and enhancing the accessibility of its products to consumers nationwide..This strategic

3d ago

MTB Neo surpasses Tk 100cr in fixed deposits, DPS products

Mutual Trust Bank PLC (MTB) has recently achieved a significant milestone, amassing over Tk 100 crore through fixed deposit (FD) and deposit pension scheme (DPS) accounts via its digital banking platform, MTB Neo..As of March 2025, MTB Neo reported a staggering 668,000+ transactions, culmi

3d ago

UCB Investment wins three awards at FinanceAsia Awards 2025

UCB Investment Limited (UCBIL) has been recognised in three categories at the FinanceAsia Awards 2025, securing accolades for Best DCM House, Best ECM House, and Best Investment Bank..This marks the third consecutive year that UCBIL has earned these distinctions, reaffirming its status as

4d ago

MTB Capital gets new CEO

MTB Capital Limited, a subsidiary of Mutual Trust Bank PLC, has appointed Sumit Podder as chief executive officer (current charge), according to a press release..Prior to assuming his new role, Podder served at Bangladesh Finance Capital Limited as managing director and CEO..Over the

4d ago

Toyota unit falsified emissions data: probe

A major affiliate of Japan’s Toyota Motor Corp falsified emissions data on some engines as far back as 2003, more than a decade earlier than previously indicated, a company-sponsored probe showed on Tuesday.

2y ago

BP profit hits 14-year high

BP’s second quarter profit soared to $8.45 billion, its highest in 14 years, as strong refining margins and trading prompted it to boost its dividend and spending on new oil and gas production.

2y ago

StanChart moves to save energy

Standard Chartered Bangladesh has introduced several initiatives aimed at cutting down energy consumption and driving up efficiency across all of the bank’s office spaces and branches.

2y ago

DBL’s special yarn unit opens in Gazipur

Matin Spinning Mills PLC, a subsidiary of DBL Group, launched its special yarn unit in Kashimpur of Gazipur on Monday.

2y ago

Incepta making cervical cancer vaccine

Incepta Vaccine is producing a vaccine safeguarding against cervical cancer at a Savar plant by importing the main ingredients.

2y ago

Prime Bank’s profit jumps 42pc

Prime Bank Ltd posted a 42.55 per cent year-on-year higher profit in the April-June quarter of 2022.  

2y ago

NRBC Bank suffers losses in Apr-Jun

NRB Commercial Bank Ltd suffered losses in the second quarter of 2022.  

2y ago

National Bank incurs losses

National Bank Ltd suffered a loss in the April-June quarter of 2022 owing largely to the non-payment of installments by borrowers on time.  

2y ago

Dhaka Ins posts lower profit in Q2

Dhaka Insurance Ltd’s profit fell 35 per cent year-on-year in the second quarter of 2022.    

2y ago

City Bank logs Tk 217cr profit

City Bank made a consolidated profit of Tk 217 crore after tax during the period from January to June of 2022.

2y ago