Archive / Business - 2019
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Fabric makers look to expand global footprintLocal fabric manufacturers are keen to increase their share in the global market on the back of the quality and diversified range of products they...Economic outlook darkens for eurozoneThe clouds seem to be gathering for the eurozone's economy.At a news conference after a policymaking meeting on Thursday, European Central Bank (ECB) president Mario...Agrani Insurance evades huge VATA policyholder of Agrani Insurance Company Ltd paid a premium of Tk 270,094 against a fire insurance policy in May 2016. The required value-added tax...$100b garment export possible by 2024Bangladesh will be able to export $100 billion worth of garment items by 2024 as the international apparel retailers are placing an increasing number of...Financial services ease hasslesFour commercial banks and a leading mobile financial service provider are taking part in this year's Dhaka International Trade Fair to serve the visitors of...Smart borders to boost trade in South AsiaThe world trading system has become increasingly open textured over the last few decades. The triggering factors for this have been the reduction of tariff...Electronic waste disposal rules on the cardsThe government is framing rules to ensure proper management of electronic waste (e-waste) such as handsets, computers and electrical items, which tend to be dumped...Banks' CSR spend sees sudden risePrivate banks' spending on corporate social responsibility (CSR) schemes for disaster management purposes witnessed a whopping 162 percent year-on-year rise last year.The expenditure aimed at...Rumours fuel junk stocksMost of the junk stocks outperformed the market in the first 16 days of trading in 2019 as rumours and gamblers ran amok.Of the 43...Plastic goods makers display strengthPlastics goods manufacturers are expecting a brighter future thanks to rising consumption and variation in products.“New investors are entering the sector as the future looks...Finance stocks thrive on low pricesShares on the Dhaka Stock Exchange (DSE) gained 475 points, or 8.80 percent, in the last 15 trading days led by rise in finance securities...IMEI database opens todayThe telecom regulator will launch the first database of International Mobile Equipment Identity (IMEI) numbers of mobile phones today in a bid to curb illegal...Rice price sees falls sharply in city marketThe price of all sorts of rice including coarse variety marked fresh decline by Taka 1-2 per kg this week compared to the last week...Jute goods makers target green consumersJute goods manufacturers are taking part in the Dhaka International Trade Fair (DITF) to catch the attention of foreign buyers on the back of quality...Banks blame influential quarter for rising bad loansHabitual and influential defaulters are the main barriers to bringing down delinquent loans in the state-owned commercial banks, according to the assessment of the lenders. The...Duty cuts for ATM, CCTV camera assemblyThe National Board of Revenue has reduced the tariff on import of parts of automated teller machines (ATMs) and closed circuit television (CCTV) cameras to...BPO showing great promiseThe business process outsourcing (BPO) sector grew 20 percent year-on-year to about $300 million last year riding on a few government services, said industry insiders.In...DITF: leather goods makers widen hunt for foreign buyersSmall and medium scale leather good manufacturers are betting on a change in fortunes on the back of their participation in the ongoing Dhaka International...Financial sector woes to weigh on GDP growthThe troubled financial sector will pose a big challenge to the government's goal of achieving higher economic growth in future, speakers said yesterday.“The performance of...Credit growth hits 39-month lowPrivate sector credit growth fell to a 39-month low in December as businesses went on a cautious mode thanks to the mounting uncertainty centring on...Allocate special zone for plastic products makersPlastic goods manufacturers yesterday demanded establishment of a special industrial zone so that they can relocate the unplanned plastic factories that are based in Old...Per capita debt crosses $200Bangladesh's per capital external debt now stands at $204.85 thanks to the large loans the government has taken from China and Russia for some transformational...10 pc GDP growth achievable in 5 years: ExpertsAlthough the government expressed the hope before the December-30 election to achieve 10 percent GDP growth by 2021, noted economists have said it will be...Robi gains most from MNPRobi gained about two-third of the customers that have switched operators by way of the mobile number portability (MNP) service in the first three months...DITF offers temporary jobs to thousandsThe Dhaka International Trade Fair (DITF) has created employment opportunities for thousands of youths as salespersons, in yet another contribution of the event to the...Workers still fear dismissal; security heightened in AshuliaAmid deployment of a large number of law enforcers following eight days of unrest in the RMG sector, workers, in larger numbers than yesterday, were...Onion cheaper at Khatunganj wholesale marketWholesale prices of Indian onion saw a downward trend at the Khatunganj wholesale hub here in the last couple of days thanks to plentiful imports...Le Méridien issues Tk 1,200cr bond to pay off loansBest Holdings, the parent company of Le Méridien Dhaka, issued a bond to raise Tk 1,200 crore with a view to paying off its bank...Tech trends that will rule 2019People will witness commercial advances of 5G (fifth generation) mobile technology in 2019 along with six others that will together dominate the technological industry and...An excellent yarn: Russia’s Insta-grannies take knitting expertise onlineElderly women across Russia tend to be seen selling their hand-knitted wares along pavement corners for a few roubles to supplement meagre pensions. Now a fresh...MNP tax-freeMobile users will no longer have to bear the SIM tax of Tk 115 for switching operators while retaining their existing 11-digit numbers after the...Furniture makers offer discounts to boost salesAll leading furniture manufacturers are offering discounts from 5 percent to 20 percent at the month-long Dhaka International Trade Fair with a view to logging...All mobile handsets to be registeredThe telecom regulator is set to introduce a registration process for all mobile handsets in the country with a view to mitigating the challenges of...Junk stocks go wildInvestors are being duped with illusions of quick profits from junk stocks although these securities have failed to pay dividends to their shareholders for long,...Sheltech completes largest project of 184 flatsSheltech will organise a fair at Sheltech Bithika in Mirpur from January 17 to 19 putting the condominium's flats up for sale with an option...IPOs lose lustre for high cost, lengthy processCompanies are losing interest in coming to the stock market because of the lengthy process stretching up to two years and the high costs to...Banks still a man's worldIffat Jahan Dina landed a well-paying job in a private bank soon after obtaining her Masters degree from Rajshahi University. She dedicated herself to the...Pharmas should adopt innovation through alliance with academiaThe pharmaceutical industry in Bangladesh has done remarkably well, growing at more than 15 percent a year, with sales of approximately $2.4 billion in 2017....China powers up electric car marketOutside China, few drivers have heard of brands such as Hit BYD or Beijing Automobile Works. But they're two of the largest players in the...Islamic banks' excess liquidity shrivelsShariah-based banks saw a sharp fall in excess liquidity in the third quarter of last year because of aggressive investment to the point of violating...Exports prove a boon for paper millsIncreasing export of paper and tissue has created a window for local mills to utilise their huge unused capacity and bring home foreign currency.Bangladesh's 110...Kamal in denial about bad loan situationBangladesh's non-performing loan situation is not as dire as is being reported in the news media, said Finance Minister AHM Mustafa Kamal.As of September last...Chinese businessman in Poland spy arrestPoland's security services say a Chinese businessman and a Polish man, both employed in telecoms, have been arrested for spying. The Chinese national, Wang Weijing, works...Create more jobs for youthsPresident M Abdul Hamid yesterday urged the business community to come forward to create more job opportunities for the country's youths.“Thousands of meritorious youths come...Bank Company Act to be amended to nab defaulters: ministerThe government will amend the bank company act to recover the bulging default loans, said Finance Minister AHM Mustafa Kamal.At the end of September, banks'...Making markets work for SDGsAS Bangladesh is growing at an exponential speed, its markets are expanding in such ways where intervention is necessary, thereby giving rise to the potential...Dev policy-operation agreement signed with WBThe government on Wednesday signed a $250 million development policy-operation agreement with the World Bank to support the country’s reform efforts for creating large-scale, better-paid...Stocks soar on political calmThe country's premier bourse yesterday posted its highest single-day point rise in nine months, led by gains across almost all the sectors as investors remained...Samsung warns of sharp profit dropSamsung Electronics expects to post a 29% drop in quarterly operating profit as demand for smartphones and memory chips slows. The firm forecasts operating earnings of...Energy sector to get priority this time: Nasrul HamidState Minister for Power, Energy and Mineral Resources Nasrul Hamid has said they will now pay more attention to the development of the country's energy...