Archive / Business - 2019
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Export earnings to be raised to $50b by 2021: Tipu MunshiNewly appointed Commerce Minister Tipu Munshi yesterday said highest emphasis would be given to raising the country's export earnings to $50 billion by 2021.“I want...Second summit in the worksUS President Donald Trump said Sunday negotiations are underway on the location of his next summit with North Korean leader Kim Jong Un, while remaining...Trade deficit narrows amid rise in exportsTrade deficit narrowed 12 percent in the first five months of the fiscal year thanks to a rise in exports and a slowdown in imports.At...More IPOs neededThere are 61 merchant banks in the country but they were able to collectively bring in only 14 companies in the capital market last year,...Kamal expects near 8.5pc GDP growth in FY19Finance Minister AHM Mustafa Kamal on Tuesday expressed his optimism that the GDP growth rate in the current fiscal year (FY19) would reach near 8.5...Cops foil garment workers’ demo in SavarPolice dispelled a demonstration of garments workers over the new wage structure in Dhaka’s outskirts Savar this morning.Over a hundred workers of two factories of...I will not failThe finance ministry will make a fresh start from today and will be beyond reproach, said AHM Mustafa Kamal after he was given charge of...Cassava yield rises yet full potential untappedAnnual production of cassava, a root vegetable similar in looks to sweet potato and commonly eaten across Africa, is estimated to have doubled in Bangladesh,...Stocks hit 8-month highThe stockmarket has continued to maintain its post-election rally, reaching an eight-month high of 5,687 points yesterday.Turnover has also been increasing since the national polls...Sonali's operating profits rocketSonali Bank's operating profits soared in 2018 thanks to recovery of huge amounts of bad debts and lending to the call money market.The state-run lender...Trump says confident in US trade deal with ChinaUS President Donald Trump said Friday he is confident Washington and Beijing will reach a deal to bring to a close the months-long trade dispute...Tyre market grows on rising demandThe automotive tyre market is flourishing in Bangladesh thanks to increasing sales of commercial and passenger vehicles fuelled by expanding economic activities and affluent consumers.The...Xiaomi brings Mi 8 LiteXiaomi has recently launched the latest model of its flagship Mi 8 series, Mi 8 Lite, in Bangladesh.With a 6.26-inch LCD display, AI face unlock...KOSPI Falls to Lowest Level in 2 YearsThe Korea Composite Stock Price Index started the Year of the Golden Pig below 2,000 points at the lowest level in about two years, down...Loan rescheduling soars 30pcLoan rescheduling soared about 30 percent to Tk 10,963 crore in the first nine months of 2018, fuelling further fears for the sector.Six banks accounted...BTRC revenue surges on 4G spectrum salesThe telecom regulator's revenues rose 58.51 percent year-on-year to Tk 6,445.36 crore in the last fiscal year, a four-year high backed by earnings from the...Exports rise but fall short of targetExport earnings increased 2.18 percent year-on-year to $3.43 billion in December thanks to higher shipment of garment items.The receipt is still 3.49 percent short of...Mushfiq banks on some effective T20 playersChittagong Vikings skipper Mushfiqur Rahim said yesterday that they want to embark on their Bangladesh Premier League campaign in the ensuing sixth-edition of the blockbuster...Japanese firm to invest $10m in Meghna economic zoneJapanese Sakata Inx is set to invest $10 million to establish a liquid ink manufacturing plant in the Meghna Industrial Economic Zone (MIEZ), a development...Farm loan keeps fallingLending to the agriculture sector fell 9 percent year-on-year to Tk 7,475.60 crore between July and November of the current fiscal year, according to central...Janata sinks into colossal lossesJanata Bank logged in losses of Tk 3,132 crore in the first nine months of 2018, a stunning reversal in fortune for the state-owned bank...Private sector credit growth hits 3-year lowPrivate sector credit growth hit a three-year low in November due to cautious lending and reluctance by businesses to go for expansion ahead of the...H&M's fair living wage strategy pays offProper grading of the skilled workers ensures higher take-home salaries and inspires the workforce to improve productivity in garment factories, according to a recent study...A look at 2018 marketsWall Street started 2018 strong, buoyed by a growing economy and corporate profits. It didn't end that way.US stocks climbed to new highs in January,...Debt bondage preying on poverty of Cambodia farmersBopha should be in school but instead toils seven days a week in a searing brick kiln on the outskirts of Phnom Penh -- a...Banks post hefty operating profits despite challengesPrivate banks reported hefty operating profit in the just concluded year, helped by the much higher interest rate on lending than that on deposits.The banks...Shrimp exporters stare at bleak futureShrimp processors finished the first half of fiscal 2018-19 amid lower export receipts than a year earlier, with a revival in fortunes progressively looking unlikely...Exports in fiscal 2018 could have been $17.4b more: PRIBangladesh could have exported $17.4 billion more last fiscal year even with the current capacity were there certain constrains not in place, found a study...BB suspends MFS ahead of electionBangladesh Bank has suspended all kind of mobile financial services in the run-up to the 11th general election. All MFS providers have been asked to...Banks' capital rises, but artificiallyThe banking sector's capital base strengthened in the third quarter of the year as state-run Sonali Bank got a shot in the arm from the...3G, 4G back onFaster internet service has been switched back on 37 hours into its suspension.The 3G and 4G service have been resumed at 10:00am, a spokesperson with...