Archive / Business - 2018
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Facebook drives trading in Argentina’s barter clubsAt an abandoned train station in Buenos Aires’ working-class suburb of San Miguel, hundreds of Argentines gather with bags of clothes, rice, flour and sugar...ADB to give $2b for development projectsThe Asian Development Bank will give $2 billion in loans to Bangladesh this fiscal year – 66.66 percent higher than it did last year –...Commercial service from SeptemberBangabandhu-1 satellite's first commercial service is scheduled to begin in September when it will be connecting vessels navigating in the Bay of Bengal and around...AC sales up amid rising mercurySales of air-conditioners are growing steadily in Bangladesh riding on the demand from the expanding middle class and modern offices and factories as consumers are...Baffling rise of Monno Jute's share priceMonno Jute Stafflers yesterday became the most valued stock on the Dhaka Stock Exchange, overtaking British American Tobacco Bangladesh Company in what can be viewed...$45.4 mn to spur solar-driven pumping for irrigation in BangladeshBangladesh is set to receive a $20 million loan from an Asian Development Bank (ADB) Power System Efficiency Improvement Project together with an additional $25.44...Kamal calls for common platform in South Asian tourismCivil Aviation and Tourism Minister AKM Shahjahan Kamal on Friday stressed on forming a common platform to promote tourism industry in South Asian region, reports...Exports top $36.6bn in FY 18, but miss targetCountry’s export earnings in the immediate past 2017-18 fiscal year stood at $36.66 billion, which is 2.22 percent lower than the target of $37.5 billion.Despite...Bangladesh is on development trajectory: WBWorld Bank (WB) Executive Director Aparna Subramani on Monday said Bangladesh is on the strong development trajectory with achieving progress in various development arenas, including...US$ 24bn received as foreign assistance in 9 yrs: MuhithBangladesh received foreign assistance amounting to US$ 24 billion from various countries and development partners in the last nine years, Finance Minister AMA Muhith told...Speakers for greater connectivity among SA countriesSpeakers at a programme on Wednesday stressed the importance of increased connectivity among the South Asian counties through implementing Belt and Road Initiative (BRI) and...Container handling rises at Ctg portContainer handling at the Chittagong port increased by around 12 percent in the just concluded fiscal year from around 24.19 lakh twenty-foot equivalent units (TEU)...Locals lose out in Rwanda's second-hand clothes warAcross Rwanda, markets selling piles of cast-off clothes once worn by Americans have become the unlikely centre of a trade war that vendors say is...Biman to get two new Boeing aircraft this yearThe government is set to purchase two Boeing aircraft this year with a $270 million hard loan from HSBC as part of the plan to...Saudi Arabia to increase oil production, says TrumpPresident Donald Trump said Saturday that he had received assurances from king Salman of Saudi Arabia that the kingdom will increase oil production, "maybe up...US, Iran stand-off opens opportunities for Afghan money tradersAziz Ahmad is one of the unlikely winners of the stand-off between the United States and Iran, turning his modest transport service into an international...Philippines keen to boost trade ties with BangladeshPhilippines Ambassador to Bangladesh Vicente Vivencio T Bandillo on Monday said his country is keen to boost bilateral trade with Bangladesh mentioning that Bangladesh has...Thailand wants deeper economic ties with BangladeshDeputy Foreign Minister of Thailand Virasakdi Futrakul has expressed keen interest to deepen economic and cultural bonds with Bangladesh and lauded its robust growth and...Textile chemical compounds’ provider launches innovative pet allergen free chemicalBelgium based textile chemicals provider Devan Chemicals features introduced a fresh technology to create textile products free from animal allergens. Dubbed just as Purissimo™, the...Govt takes initiative involving Tk 2,868.17 crore for transportation of petroleumThe government initiated a move to implement a Taka 2,868.17 crore pipeline project for transporting white petroleum from Chattogram to Dhaka and Chandpur in a fair...Cotton prices leap, with possible complications for Asian populationsUS cotton futures rose 25 % since mid-January. Prices are in their highest level in 150 years. The commodity almost doubled in benefit this past...11 Crazy Things That Only iPhone Owners Have To Go Through In This Unfair & Cruel WorldYou'd think buying an iPhone would be the best thing in your life. But whether you're or an iPhone user or not, life is just...US-Bangla airlines to start flights to ChinaThe announcement was made by the company’s Managing Director Abdullah Al Mamun at its 2nd Customer Success Summit at a hotel in Cox’s Bazar on...‘Demand for housing does not diminish in busy cities like Dhaka’From 2009, the real estate sector as a whole was growing fast and 2012 was the best year for most realtors. However, we faced a...The times they are a changin’Nudrat Lohani Nabi introduced me to the concept of bhodro meye in this newspaper. As someone from outside Bangladeshi society I can tell you that...Bangladesh signs $40m financing deal with KfWA financing agreement worth $40 million was signed on Thursday between Bangladesh and KfW, Development Bank on behalf of the German Federal Government, to support...ADP execution hits 5-yr high in 8 monthsADP execution rate hit the five-year high in the first eight months of the current fiscal as project aid utilisation maintained a steady growth this...Keeping up with Big DataBig Data is at the forefront of the challenges that organizations face today. But the first question is: What is big data?Big data is a...The cost of getting paidFreelancers who use third party online workplaces, as well as those who are in direct contact with foreign clients to sell their services, are in...School banking deposits cross Tk 1,300crDeposits with the school banking accounts at commercial banks have crossed Taka 1,300 crore at the end of December 2017 as this banking is gradually...Bangladesh has the most green RMG factoriesBangladesh’s RMG sector, a $28 billion industry, has taken the lead in green manufacturing as it has established 67 eco-friendly green buildings, the highest number...China-funded projects difficult to implement in real lifeAccording to ERD, China will invest $13.6 billion in private sectors alone. Other than that, investment agreements on government sectors worth several billion dollars have...Four expats declared CIPsThe selected CIPs will gain access to the Secretariat, and be able to hold meetings with high-ranking officials and get invites to events hosted by...NBR freezes bank account of Robi over tax dodgingThe National Board of Revenue (NBR) on Monday asked banks to freeze accounts of mobile phone operator Robi for three working days on charge of...DSE, CSE indices witnessing fallTrading on the country's both bourses - Dhaka Stock Exchange and Chittagong Stock Exchange - is underway with downward trends in early hours on Monday...32 Bangladesh missions meet export targetThirty-two out of 57 Bangladesh missions abroad successfully achieved their respective export targets in the first half of the current fiscal year (2017-18), according to...Bangladesh bourse approves China bid, rejects India offerBangladesh has agreed to sell a large stake in its stock exchange to a Chinese consortium, an official said Tuesday, rebuffing a rival bid from...No liquidity crisis in banking sector: GovernorBangladesh Bank Governor Fazle Kabir on Saturday said there is no liquidity crisis in the country’s banking sector.The assurance came after the bankers have expressed...Commercial beekeeping holds bright prospectsCountry’s honey production would increase to 70,000-80,000 tonnes a year if the potential of apiculture is properly utilised, market insiders said.Beekeeping holds a great business...Stocks open optimistic on boursesFollowing the previous day's downward trend, both the bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed positive trend in early...Over 2,000 Jobs to Be Lost as GM Korea Shuts Down PlantThe country's third-largest automaker GM Korea is to lay off 2,100 people when it shuts down an assembly plant in Gunsan in southwestern Korea. GM...Muhith for proper evaluation of projects before giving bank loansFinance Minister Abul Maal Abdul Muhith on Saturday reiterated his suggestion to bankers for properly evaluating any project proposal before allocating loans to help the...Iran arrests currency traders as rial collapsesIranian police arrested around 100 money changers on Wednesday as it scrambled to contain the decline of the rial, which has lost a quarter of...Oil prices rally on supportive commentsOil prices settled higher on Friday as Investor sentiment was boosted by supportive comments from OPEC (Organization of the Petroleum Exporting Countries) members about the...Victims of accidents rarely get compensation from insuranceVictims of road accidents barely get any compensation from the government imposed “Act liability insurance” due to complications and lack of uniformity in the regulations.Sources...GP, Banglalink buy 4G spectrumGovernment earns Tk5,268cr from the auctionThe government has collected Tk5,268 crore by selling 15.6MHz of spectrum to Grameenphone and Banglalink through auction as well as...Asia markets follow Wall Street higherAsia stocks rebounded on Wednesday following gains on Wall Street as a sense of calm returned to global markets.Japan's Nikkei 225 index climbed 3.2% after...Money makes the economy go roundThe prudent management of money is essential for our economic stability (Photo - collected)How monetary policy can help stabilize and strengthen our economyThe Bangladesh Bank...HC rule against AB Bank ex-Chairman’s bailM Wahidul Haque (File photo)DHAKA: The High Court issued a rule asking why the bail for AB Bank’s former Chairman M Wahidul Haque and Treasurer...NOVOAIR adds fifth ATR to its fleetNOVOAIR officials in front of the new 68-seater ATR 72-500 model aircraft at the Hazrat Shahjalal International Airport in Dhaka on Monday, January 29, 2018...