Perfect Care launched Home and Personal Products

S Alam Refined Sugar Industry illegally sold 60,500 tons of raw sugar in the open market without paying customs duties, violating regulations. The Chattogram Customs Bond Commissionerate has issued a claim of Tk 246.26 crore against the company, along with a Tk 3 lakh fine. Additionally, S Alam Group has evaded Tk 755 crore in VAT, making it the leading company for VAT evasion among its affiliates. An audit on their sales and production activities has been completed, resulting in a preliminary report.

The central bank is investigating Keya Cosmetics Ltd. for failing to deposit $49 million (5880 crore BDT) in export earnings into its foreign currency account. The company has raised concerns against Pubali, Southeast, and National banks, citing negligence in handling its finances.

The Dhaka Stock Exchange (DSE) rebounded today after reaching a four-year low, with the DSEX index rising by 118.8 points (2.42%) to close at 5,017. Key sectors such as banking, pharmaceuticals, and telecommunications contributed to the gains, led by Islami Bank Bangladesh and BRAC Bank. Turnover decreased by 2.98% to Tk 347 crore, with banking dominating trading volume. Non-bank financial institutions saw the largest sector gain at 4.30%, while the fuel and power sector declined by 0.72%.

The 15th edition of BizMaestros-UFLP, Unilever Bangladesh's flagship business competition, starts on November 3, with participant registration beginning the same day. The competition includes an online assessment and in-person sessions for selected candidates.

Bank Asia PLC has launched "Amar Hisab-Kitab," a digital financial literacy app designed to promote financial inclusion among Bangladesh’s readymade garment (RMG) workers. Developed in partnership with the United Nations Capital Development Fund (UNCDF) under the H&M Foundation's Aparajita Project, the app aims to enhance workers’ financial skills, contributing to broader economic inclusion.

The Bangladesh Trade and Tariff Commission (BTTC) has proposed waiving all import taxes on rice to combat rising domestic prices after floods affected supply. Despite record production of 40 million tonnes, prices have surged by Tk 4-10 per kg in recent weeks, with coarse rice now retailing at Tk 55-56 per kg.