Archive / Business - 2018
News Category
-
Blockchain and the emergence of distributed ledger technologyDistributed ledger technology (DLT) and digital tokens are rewiring commerce worldwide. The underlying technology is blockchain.According to a recent survey conducted by PwC globally, 84...Germany's Cube teams up with Meghna to make high-end bicyclesCube, the biggest bicycle manufacturer in Europe, has teamed up with Meghna Group to produce high-quality cycles in Bangladesh.In June, the two companies formed a...No gain from going greenBangladesh's garment exporters are now regretting for establishing green factories as they are not getting the benefits of the huge investment they made to make...Commward 2018 honours 85 adsCommward 2018, an initiative of Bangladesh Brand Forum, has honoured 85 advertising campaigns in recognition of their creativity.The award was presented by the Meghna Group...Kihak Sung to head Zurich-based textile bodyThe International Textile Manufacturers Federation (ITMF) unanimously elected Kihak Sung, chairman of South Korea-headquartered Youngone Corporation, as the new president of the Federation for 2018-20.A...MIDAS honours eight entrepreneursMIDAS yesterday honoured eight entrepreneurs who found success in different fields of business after taking financial and technical support from the organisation.The awardees—six of whom...Reframing sustainable development in BangladeshBangladesh, the tropical nation of rivers, has only recently caught the attention of the international community for its sustainable development programmes and entrepreneurship. Since 1974,...IDB promoting innovation, says its presidentIslamic Development Bank (IDB) has been promoting and supporting science, technology and innovation as part of an initiative to implement its vision to help people...GDP growth in FY18 to be near 8pc: ministerThe country's economic growth could hit a record high of about 8 percent in the last fiscal year in the final count, Planning Minister AHM...BASIS awards ICT icons, companiesThe Bangladesh Association of Software and Information Services yesterday awarded 76 individuals and startups in 35 categories for their outstanding contribution to digitisation.ICT Minister Mustafa...Borrower-directors of Grameen Bank elected finallyNine borrowers of Grameen Bank have finally been elected directors of the board of the microcredit lender, over three and a half years past their...Sadharan Bima owes Tk 364cr to 21 insurersTwenty-one general insurance companies have reinsurance claims worth Tk 364.47 crore pending with state-run Sadharan Bima Corporation (SBC) as of March, which left them with...Mega projects lift demand for steelThe rising demand for long and flat steel products is helping the steel sector expand fast thanks to the ongoing large infrastructure projects and construction...MIDAS creating economic opportunities for manyWhen Micro Industries Development Assistance and Services (MIDAS) began its journey in 1982 to nurture entrepreneurship, there were few organisations in Bangladesh that supported would-be...Local firms to exhibit products at German trade fairBangladeshi goods are very good in quality and they are gaining popularity in European countries thanks to their production in compliant factories, said a top...AIIB to bring $270m for water supply projectThe Asian Infrastructure Investment Bank (AIIB) plans to bring $270 million to Bangladesh for a municipal water supply and sanitation project.The project is expected to...NBR to narrow scope of tax evasionTax authorities plan to audit foreign companies' transactions with their associated entities abroad from next year in order to reduce the scope for illicit fund...Stop unwanted messagesThe telecom regulator has ordered mobile operators to stop sending commercial and promotional messages to subscribers if they choose not to receive those.The operators were...Dhaka becomes IDB's regional hubThe Islamic Development Bank will officially launch its regional office in Dhaka next week.The IDB has taken the decision as part of its ongoing decentralisation...Factories feeling the pinch from escalating trade conflictManufacturing activity took a hit from weak orders in August, surveys showed, a sign firms are feeling the pinch from an intensifying trade war between...Independent chairman appointed to Jubilee BankBangladesh Bank has appointed an independent chairman to the century-old Jubilee Bank in line with a High Court verdict of December last year in an...BASIC Bank's losses widen for bad loansThe rising nonperforming loans have continued to widen the loss of the scam-hit BASIC Bank.In the six months to June this year, the bank's loans...Qubee parts with individual subscribersNearly nine years past its launch, wireless broadband operator Qubee has brought to a close its individual subscriber-centric services.Bangladesh's second largest WiMax operator said it...Lending thru' agent banking on the riseLending through agent banking grew 12.32 percent to Tk 137.32 crore in April-June compared to a quarter ago with Bank Asia leading the pack.The agent...Indonesia to work with Alibaba's Jack Ma to increase exportsIndonesia will partner with Alibaba head Jack Ma on ways to use Alibaba's platform ecosystem to increase its exports, especially to China, its communications minister...BRTC set to get 500 new trucksBangladesh Road Transport Corporation (BRTC) is all set to add 500 new trucks to its fleet at a cost of Tk 73.58 crore.With this purchase,...Tim Hortons may open outlets in DhakaTim Hortons, Canada's multinational fast food restaurant chain known for its fresh coffee and home-style lunches, may open outlets in Dhaka as one of its...Pharma winning global marketsPharmaceuticals export has crossed $100-million mark for the first time in the country's history, according to the Export Promotion Bureau.Export earnings from the sector hit...Regulating performance in the telecom sectorThe telecom sector in Bangladesh, particularly the mobile telecom business, has experienced rapid growth over the last couple of years. The price of telecom services...Rice bran oil: exports on the riseBangladesh's rice bran oil is gradually making headway in the international market thanks to manufactures' efforts to sell the antioxidant-rich edible oil abroad.The country shipped...Fortune recognises Telenor's TonicTelenor Group has recently been recognised by Fortune magazine for its work to bring affordable healthcare to the mass market through its Tonic mobile service...Fresh congestion slows Ctg portChittagong Port has been facing container congestion for a week, the second this month, mainly because of slow delivery of import containers and transportation of...Delayed wages, lower profits: Chinese gaming firms fret as approval freeze bitesAs a publisher of family-friendly games like "Gardenscapes" and "Toy Blast", iDreamSky Technology never expected to get caught up in a tangle with Chinese regulators.But...Ctg 70th busiest port worldwideChittagong Port is the 70th busiest container port in the world after it moved one notch up in this year's ranking of the Lloyd's List.The...Debapriya appointed to UN body on LDCsThe United Nations has appointed Centre for Policy Dialogue's (CPD) Distinguished Fellow Debapriya Bhattacharya in its committee on least developed countries (LCDs).His appointment, on a...Poverty to end by 2024Bangladesh will be free of poverty by 2023-24, Finance Minister AMA Muhith said yesterday.Bangladesh is on course to maintain its present growth trajectory, and if...StanChart provides scholarship to 79 DU studentsStandard Chartered Bangladesh has recently provided a “Governor Scholarship” to 79 meritorious students, 60 of economics and 19 of development studies, of the University of...Online cattle market getting popularQurbani, ever a chore, has become one of the easiest tasks for tech-savvy shoppers in recent years thanks to the advent of online cattle marketplace.Expatriate...Many Savar tanneries still not readyRawhide might face the same mismanagement as last year as many of the relocated tanneries at the industrial park in Savar are yet to resume...Exports to China drop 27pcBangladesh's exports to China—one of the most promising Asian markets—fell 26.79 percent year-on-year to $694.97 million in 2017-18.The China Food and Drug Administration last year...Ctg port gets three more gantry cranesThe Chittagong port's fleet of quayside gantry cranes got bigger with the inclusion of three new cranes on Tuesday, which would boost the port's container...BSEC fines 7 Doreen Power officials for insider tradingThe Bangladesh Securities and Exchange Commission (BSEC) on Tuesday decided to fine seven officials of Doreen Power Generations and some investors for manipulating share prices...Ease trade rules to attract more US investmentBangladesh needs to reform its trade regulations for ease of doing business to attract more US investment, outgoing US ambassador Marcia Bernicat said yesterday.“American businessmen...Market value of top 10 firms rises 10pcThe total market value of the top 10 listed companies has increased 10.18 percent year-on-year to Tk 146,717 crore in June thanks to strong performance.Grameenphone...Symphony to start local assembly of handsets next monthAll is set for Symphony to start assembling mobile handsets in Bangladesh as the leading vendor has already set up the plant in Ashulia.The commercial...Export subsidy gets biggerThe government is set to extend export subsidy to eight new products and increase the amount for existing ones with a view to boosting overseas...BGMEA chief critically illSiddiqur Rahman, president of Bangladesh Garment Manufacturers and Exporters Association, has been admitted to a hospital in Singapore after he suffered a heart attack in...Continental's fire ins licence scrappedThe Insurance Development and Regulatory Authority (IDRA) suspended the fire insurance business of Continental Insurance Ltd for its failure to settle claims worth Tk 24.46...Eco-friendly washing plant opens in BhalukaMayble & Frank Ltd, an export-oriented washing plant for denims and non-denims, yesterday began its journey at Bhaluka in Mymensingh, becoming one of the few...Plastic export tumblesExport of plastics, including recyclable scrap ones, fell nearly 16 percent in fiscal 2017-18 from a year earlier because of what the sector players and...