Archive / Business - 2018
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Indian policy change eases Bangladesh’s electricity importThe government, which has already initiated steps to import electricity from Nepal and Bhutan, says it is “only a matter of time” before it can...Japan expected to resume commercial whalingJapan is withdrawing from the International Whaling Commission and will resume commercial whaling next year, a government spokesman said Wednesday, in a move expected to...MIDAS gets new chairmanAnjan Chowdhury has recently been elected chairman of the Micro Industries Development Assistance and Services (MIDAS).The board of directors of MIDAS elected Chowdhury during a...Jute industry going thru’ rough patchThe jute industry is riding out 2018 on a rough tide thanks to a slide in global demand in the second half after a decent...Investors frown upon DSE app chargeThe Dhaka Stock Exchange has decided to charge Tk 150 per month on the use of its investment app from next month, something many have...WB's assertive plan for job creationThe World Bank has attached several conditions to its budget support programme that it extended to Bangladesh for three years with a view to creating...Atiur says progressive taxation only option to cut inequality“Progressive taxation is a must for alleviation of inequality,” he told a dialogue organised in Dhaka on Sunday by Sushasoner Jonyo Procharabhijan or SUPRO (Campaign...China-US tariff war sends retailers on buying bingeIn the nearly 40 years she has spent in trade, Amy Magnus has never seen retailers hoarding so much inventory.Warehouses throughout the United States are...Wheat acreage may shrinkWheat acreage may shrink this season as many farmers have shifted to maize and other crops to make higher profits, said agriculturists.Once the second biggest...Local TV channels using Bangabandhu-1 satelliteSeven private television stations and three channels of state-run Bangladesh Television have started airing programmes using Bangabandhu-1, the country's first communication satellite.The stations are BTV...ICAB gets new presidentAF Nesaruddin has been elected president of The Institute of Chartered Accountants of Bangladesh (ICAB) for 2019.The institute also elected NKA Mobin, Md Salim Uddin...DCCI elects top brassOsama Taseer has been elected president of the Dhaka Chamber of Commerce & Industry (DCCI) for 2019.The chamber also elected Waqar Ahmad Choudhury and Imran...Economy to accelerateBangladesh's strong economic growth will not just continue, but accelerate, said Prime Minister Sheikh Hasina.“In the next five years, we expect annual growth to exceed...Trade top priority: US envoyIncreasing the US trade in Bangladesh will be the top priority of future bilateral relations, said newly appointed US Ambassador Earl R Miller yesterday.“I intend...Taxi Drivers to Rally Again Against Ride-Sharing AppTens of thousands of taxi drivers rally in front of the National Assembly in Yeouido, Seoul on Thursday afternoon in protest against the launch of...Benefits elude workers with no job contractsPeople employed in the informal sector are deprived of benefits and social protection for the absence of employment contracts and identity cards, says a study...Tea workers deprived of proper wages: TIBDevelopment remains a far cry for tea workers whom garden owners still deprive of proper wages and basic necessities while trampling on their dignity, said...New tax reduction policy to offer some relief in 2019A new tax deduction policy which aims to reduce personal income tax is expected to be released by the end of this year, with the...Sonia governing board member of Unesco MGIEPSonia Bashir Kabir, managing director of Microsoft for Bangladesh, Myanmar, Nepal, Bhutan and Laos, has recently been nominated member of the Unesco Mahatma Gandhi Institute...Bank Asia gets new independent directorAshraful Haq Chowdhury has recently been elected as independent director of Bank Asia.He is the managing director of Star Infrastructure Development Consortium Ltd. He also...Garment workers urge H&M to deliver fair living wageIn an industry riddled with poor health, abuse and labour exploitation, Yim Srey Neang and her colleagues are pleased to have garment factory jobs that...Muhith sees risks from Ctg conglomerateFinance Minister AMA Muhith yesterday expressed apprehension that holding ownership of several banks and insurance companies by a Chattogram-based business group may become a threat...Paddy output to rise: FAOPaddy output is likely to rise 4 percent year-on-year to 5.36 crore tonnes during the current calendar year, because of higher plantings by growers and...Asian markets sink with Wall St on increasing worriesAsian markets mostly fell Tuesday following a sharp retreat on Wall Street fuelled by increasing worries about the global economy, while investors await the Federal...Johnson & Johnson moves to limit impact of Reuters report on asbestos in Baby PowderJohnson & Johnson on Monday scrambled to contain fallout from a Reuters report that the healthcare conglomerate knew for decades that cancer-causing asbestos lurked in...Central bank continues to stabilize exchange rateThe Chinese central bank can take credit for the moderate appreciation of the yuan against the US dollar in November, as it may have helped...Health insurance brings smile to RMG workersGarment worker Mira breathed a sigh of relief when she learnt last November that she would no longer have to bear her healthcare bills.Paying an...Deep in the red: Chinese county pays price for vanity-project bingeIn the heart of an impoverished village in southern China, a life-sized statue of Mao Zedong sits on a platform adorned with intricate stonework, flanked...Morocco farmers battle knockoff saffronSaffron farmers in southern Morocco have long taken pride in the coveted spice they produce from the purple-petalled Crocus sativus, but some are worried knockoff...Shipment falls for anti-export policyDespite being a promising export item, shipment of garment scrap, locally known as jhoot, fell last fiscal year mainly due to the government's anti-export policy...Trade deficit narrows in Jul-OctTrade deficit narrowed slightly in the first four months in the current fiscal year on the back of rising export earnings against moderate import payments.The...IPTV, video on demand available againBangladesh Telecommunication Regulatory Commission (BTRC) has withdrawn a bar on internet protocol television (IPTV) and video on demand services two years past suspending the streaming...Crown Cement appoints 2 independent directorsZakir Ahmed Khan, former finance secretary and former chairman of the National Board of Revenue, and M Abu Eusuf, former chairman of the Department of...60 apparel units remain shut amid workers' protestProduction at more than 60 garment factories remained suspended for the fourth consecutive day yesterday as owners kept those shuttered fearing unrest amid protests of...Agora to invest $10m to double outletsAgora, the first retail chain in Bangladesh, is going to invest $10 million in the next two years to double the number of its outlets...Customs protest halts tradeCustoms officials yesterday observed work abstention for four hours protesting a recent “attack” on customs employees by members of Border Guard Bangladesh (BGB) at Tamabil...InterContinental opens to guestsInter Continental Hotels Group (IHG), one of the world's leading hotel companies, has announced the commencement of commercial operations of InterContinental Dhaka in partnership with...Yarn prices slide on supply glutThe fall in yarn prices by at least 12 percent in the last two months has made Bangladesh's 430 local millers uneasy, industry insiders said.Between...Stocks keep falling for political jittersA wait-and-see approach of institutional investors ahead of this month's national election and the deteriorating health of the banking sector have hit investors hard sending...Int'l incoming calls lowest in nine yearsThe international incoming voice call minute has dropped by three-fourths in the last three years, as people progressively switch to internet-based mobile apps that cost...VAT rates to be multipleFinance Minister AMA Muhith yesterday said the new value-added tax law would be fully implemented by 2021 and the rates would be multiple instead of...From shopping to tourism, French protests hit economyShops shuttered in the run-up to Christmas, chaos on the roads: France's "yellow vest" protests are dealing a blow to the economy which the finance...India's central bank governor resigns, stuns marketsReserve Bank of India Governor Urjit Patel resigned for “personal reasons” on Monday, a decision analysts linked to intense pressure on the central bank from...RMG sector under surveillance to ward off agitation, unrestIt’s feared that with the parliament election in focus, some malicious sections may exploit the implementation of the wage board for garment workers to trigger...Lion Air says Nov passenger numbers fell less than 5% after deadly crashLion Air said on Monday passenger numbers dropped by less than 5 percent in November compared to a year earlier, after one of its Boeing...Abuse of workers: Top Glove stock down almost 6%The world’s biggest glove-maker fell 5.93%, or 33 sen to RM5.57 with over 1.2 million shares done.According to reports, Britain is launching an investigation into...DCCI holds flower paradeDhaka Chamber of Commerce and Industry (DCCI) arranged a flower parade in the city on Friday, 2nd day of the three-day International Flower Exhibition and...Banking scams eat up Tk 225b in 10 years: CPDLamenting the 'grave danger' in the country's banking sector following a number of scams, a civic dialogue on Saturday called on the political parties to...Bangladesh remains most optimistic marketBangladeshi firms continue to be the most optimistic out of the 34 countries in which British banking giant HSBC operates, said one of its top...Foreign funds in DSE keep fallingForeign investors' selling spree continued in November in anticipation of political tension ahead of the upcoming national election.Last month, they purchased shares worth Tk 323.84...