Archive / Business - 2018
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Inflation falls further in OctoberInflation came down to 5.40 percent in October, the lowest in 18 months, on the back of a continuous fall in food prices.Last month's inflation...Summit to operate three river terminals in IndiaSummit Alliance Port East Gateway (SAPEGIL), a Bangladeshi firm, has won the work to operate three river terminals in India, Summit Group said in a...BB's intervention fails to stabilise exchange rateThe foreign exchange market has been going through volatility because of the widening demand-supply gap of US dollars amid high import expenditure and low export...Local spinners missing out on cheap supplyBangladesh could not use the cheap cotton from Uzbekistan over the last 10 years or so because of a restriction imposed by major clothing retailers...ISN, Kay & Que declare dividends after 5 yearsInformation Services Network (ISN) and the Kay & Que announced dividends after at least five years just as Dhaka Stock Exchange (DSE) was reviewing their...Low-cost loans empower womenLower interest rates have a direct impact on women empowerment and ensure their active participation in the financial sector, said speakers at a dialogue. They spoke...Teletalk to inject Tk 5,554cr to boost networkTeletalk is set to go on a massive investment haul to expand its network and upgrade its existing infrastructure with the view to getting it...PepsiCo sees massive potential in BangladeshThe soft drinks industry has tremendous potential in Bangladesh, which is a home to a big pool of young population and has posted healthy economic...Apparel exports to US rise 6pcGarment exports to the US rose by 5.83 percent year-on-year to $4.17 billion in the nine months to September thanks to the increasing Christmas spending...Use of electronic fiscal device to be delayedThe National Board of Revenue is yet to complete its preparations to enforce the use of automated sales recording machines at the retail level, in...Compliance pays offThe NBR now recognises the highest taxpayers in 13 categories for individuals and 14 categories for companiesSome 26 individuals and 32 companies, for their for...Poor return raises concern for insurersThe insurance sector's returns on investment in fixed assets such as land, buildings, floors and flats have been minimal, raising concerns among the regulator on...No dividends, still stock prices soarKhulna Printing & Packaging, listed in both the Dhaka and Chittagong stock exchanges, declared no dividend for their shareholders this year and yet its stock...Efforts falter on slow reformsBangladesh has posted impressive numbers in the last 10 years, be it GDP growth, per capita income, external trade, foreign exchange reserves and many more.Yet,...Private credit growth hits 33-month lowPrivate sector credit growth slowed to a 33-month low in September as the businesses could hardly take fresh loans from banks amid escalating political tension...Sugar import from India to be duty-freeThe commerce ministry yesterday agreed to withdraw the 40 percent duty on sugar imports from India, much to the ire of the local refiners.Until now,...Green growth requires green mindsI am always at ease with the youths. I feel inspired whenever I get a chance to interact with them, be it in my class...Summit LNG gets 15-yr tax breakThe National Board of Revenue has extended tax exemption benefit for 15 years to Summit LNG Terminal's income from its floating storage regasification unit (FSRU)...US shares drop on renewed tariff threatUS stock markets tumbled in the final hours of trading amid signs that US-China tensions are reigniting.The technology-heavy Nasdaq led the falls, down 1.6% to...Sony eyes record profit on gaming boostSony has forecast a huge jump in annual operating profit as demand for its games, including God of War and Spider-Man, boosted earnings.The Japanese electronics...Ctg port bears brunt of transport strikeTurnaround time at the Chattogram port has sharply increased because of a recent two-day countrywide transport strike, leading to vessel congestion and cancellation of berthing...BGMEA chief's company gets IGW licenceThe government is set to award one more licence for the international voice call routing -- a mindboggling move given the sector is already overcrowded...Cut economic disparity to achieve SDGs by 2030The government should take steps to reduce economic disparity to achieve sustainable development goals by 2030, experts said yesterday.Sustainable development aims at reducing economic disparity,...Brac Bank offers agent bankingBrac Bank has decided to go big with agent banking in a bid to get business by providing financial services to the unbanked.“Time will come...Stocks rebound on dialogue prospectsStocks rebounded yesterday on the back of positive development on the political front and the premier bourse's disbursement of funds obtained from the 25 percent...Confidence Cement to get rid of cost-ineffective unitThe company has informed that the board of directors has decided to demolish the Unit-1, which has a production capacity of 600 tonnes per day,...No FTAs before LDC graduationThe government is approaching the preparations to negate the erosion of trade privileges following graduation to a developing country at a leisurely pace, with no...Govt on pre-poll project spreeThe Ecnec is set to approve more than two dozen projects today, just a week before the Election Commission is expected to announce the schedule...Are we ready to compete with global e-commerce giants?The size of the e-commerce market in Bangladesh crossed the Tk 1,700-crore mark in 2017, which is not surprising due to the rapid changes of...Bangladesh deserves more attention than it getsBangladesh should receive more attention than it gets as the country has been posting steady economic growth amidst various challenges and is set to grow...Strike brings Ctg port to a standstillThe Chattogram port's overall operations came to a standstill in the last one and a half days because of the countrywide transport strike, stoking fears...Central bank approves Community Bank Bangladesh LtdBangladesh Bank gave approval for Community Bank Bangladesh to be set up by Bangladesh Police Welfare Trust, a concern of Bangladesh Police. Bangladesh Bank Board of...Offer more funds to plug infrastructure gapsBangladesh needs huge funds to develop its ailing infrastructure but the private players have hardly shown any interest to chip in due to a lack...Probe to find BB's faultsThe Bangladesh Bank has formed an inquiry committee to probe how approval was given from its end to a questionable proposal from AnonTex Group without...$300m WB loans to boost cash transfer for poorThe government yesterday signed a $300 million loan agreement with World Bank to improve transparency and efficiency of its major cash transfer programmes for the...LankaBangla suffers huge lossLankaBangla Finance posted negative earnings per share in the third quarter of 2018 after suffering huge losses in its operation in the capital market.The company's...Subcontracting loses out to complianceA drought of fresh investment in opening small enterprises is sweeping across the garment sector, an outcome of stringent conditions set by retailers and brands...United Airways shareholders in distressOver 95 percent shareholders of the once top private airline United Airways are in great anxiety because of the nose-diving share price and no tangible...Chinese eye bigger share in construction machinery marketThe construction machinery market in Bangladesh is growing steadily given the fast expanding skyline and construction activities.Last fiscal year, the construction sector grew 16.25 percent...Corporate SIM sale now needs prior BTRC nodBangladesh Telecommunication Regulatory Commission (BTRC) has tightened its grip on the sale of corporate mobile connections to prevent misuse, including illegal activities, of the connections.The...$850m WB-ADB loans for education, healthBangladesh yesterday signed loan agreements worth $850 million with the two largest multilateral development partners—Asian Development Bank and World Bank—for primary education, health and fishing...Premier Bank posts 43.6pc rise in profitsPremier Bank posted more than 15 percent growth in credit and deposit in the last one year, which helped the lender make a healthy profit.The...Creativity, modern tech boost manufacturingBangladesh's manufacturing sector achieved qualitative development during the last decade thanks to creative ideas generated by entrepreneurs and adoption of sophisticated technologies, said Industries Minister...YouTube viewership soars upon 4G rolloutThe Bangladeshi YouTube channels saw a spike in subscription after the launch of the fourth generation (4G) mobile broadband in the country, with the youth...Microcredit empowers womenAround 90 percent clients of 732 microcredit organisations operating currently in Bangladesh are women, said Sirajul Hoque, a director of the Microcredit Regulatory Authority.Still women...Bangladesh wheat tender gets lowest offer of $291.93 a tonneBangladesh's state tender to purchase and import 50,000 tonnes of wheat on Wednesday drew a lowest offer from trading house Swiss Singapore Overseas of $291.93...Saudi signs deals worth $50 billion at investment event despite boycottThe Saudi cabinet, after a meeting headed by King Salman on the same day, promised to hold to account those who where responsible for Khashoggi's...Invest more in peoplePresident Abdul Hamid yesterday called for greater investment in human capital—education, health and skills development—to face the future challenges."We must invest more and more in...Stay calm, no valid reason for price dropThe stock market regulator yesterday urged investors to stay composed as there is virtually no reason behind the recent drop of the key index.The key...Domestic fridge, AC makers given a fillipThe revenue authority has waived value-added tax and supplementary duty on the import of raw materials to make compressors of refrigerator and air conditioners with...