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International Chamber of Commerce Bangladesh (ICCB) organised a day-long workshop titled ‘Settlement of Documentary Credit Disputes through ADR: Review of ICC Arbitration & DOCDEX Cases’ on Saturday.

International Chamber of Commerce Bangladesh (ICCB) organised a day-long workshop titled 'Settlement of Documentary Credit Disputes through ADR: Review of ICC Arbitration & DOCDEX Cases' on Saturday.
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Nippon Paint introduces Auto Refinish with aim to revolutionise automotive finishing in Bangladesh

Business Report : In a bid to revolutionise automotive finishing in Bangladesh, paint company Nippon Paint has introduced “Auto Refinish”. Claiming to be the No-1 paint company in the Asia Pacific and No-4 globally, Nippon Paint, in a press statement on Monday, said it brings unparalleled expertise and advanced technology to Bangladesh’s dynamic automotive market. “Committed to excellence and innovation, we unveil a comprehensive range of auto refinish products tailored to meet Bangladeshi customers’ unique needs,” stated the press statement....

Stocks snap nine-day losing streak

Business Report : The benchmark index DSEX of the Dhaka Stock Exchange (DSE) gained 59 points on Monday, snapping the nine-day-long losing streak. The DSEX reached 5,310 points on the day, soaring 1.13% from the previous session. The turnover value jumped by 57% during the session to reach Tk506 crore. Among the traded scrips, 276 advanced, 84 declined, and 34 remained unchanged. Market insiders said investors were active on the buy side from the beginning of the trading session, as...

Arup Haider new DMD of City Bank

Business Report : City Bank has recently appointed Arup Haider as deputy managing director (DMD) within its top management team. Arup previously held the role of head of retail banking as a senior executive vice president at the same bank before this promotion. Arup joined City Bank in 2016 and made significant contributions to the growth of its retail banking business. He transformed the bank’s credit and collection processes before assuming the role of head of retail banking in 2018....

Green lending dips in Q1’24 amidst liquidity crunch

Business Report : Green financing by banks in Bangladesh declined in the first quarter of 2024 (January-March) compared to the last quarter of 2023 (October-December). This decrease coincides with a severe liquidity crisis currently impacting the banking sector. A Bangladesh Bank report on the sustainable finance activities of banks and non-bank financial institutions (NBFIs) reveals a drop in green project investments by banks. The report states that banks had invested Tk5,967 crore in green projects by the end of March...