Archive / Business - 2019
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Bashundhara Paper Mills’ earnings fallBashundhara Paper Mills’ earnings per share (EPS) fell to Tk 0.68 in the first quarter of the current fiscal year whereas it was Tk 1.06...ADP projects with token allocation soarThe number of projects in this year’s annual development programme (ADP) getting token allocations has increased significantly, a trick that can keep these projects alive...Digital finance to cut costs for all: analystsDigital transformation in the financial system will help both lenders and customers expand their business and reduce operational cost in tandem, said speakers yesterday.The underprivileged...SC order on BTRC plea over GP’s due deferred till Nov 24The Supreme Court has deferred its order until November 24 on a petition filed by the Bangladesh Telecommunication Regulatory Commission (BTRC) seeking a stay on...DHL holds career counsellingDHL Bangladesh has recently organised a career counselling session as part of its yearlong “Living Responsibility’” initiative.The global air freight and logistics company organised the...Govt devises strategy to curb money launderingThe US, the UK, Canada, Australia, Singapore, Hong Kong, the UAE, Malaysia, and the British Virgin Islands are among the major destinations the money-launderers from...Value water for sustainable development: analystsBangladesh can take a leading role in enabling sustainable water management and ensure long-term economic growth by valuing water as an integral part of policymaking...Tax fair logs Tk 1,064cr in first three daysThe National Board of Revenue (NBR) logged Tk 1,064 crore in collections in the first three days of its weeklong tax fair as an increasing...Colors magazine introduces CEO awardsColors, one of the leading lifestyle and monthly business publications in Bangladesh, will recognise contributions of top business executives to the country’s development and celebrate...Listed textile, RMG companies in a tight spotStock market data depicts a sorry picture of the textile and garment companies, depriving thousands of investors of expected dividends from the sector that accounted...Bangladesh needs to diversify products: H&MSwedish retail giant H&M is the largest apparel buyer in Bangladesh. Every year, it buys more than $3 billion worth of garment items from the...Onion price keeps soaringOnion prices at the kitchen markets in Dhaka city hit a record high today, failing the government’s mechanisms to cool down the overheated onion market.Visiting...Onion price will be normal soon: TofailChairman of Parliamentary Standing Committee on Ministry of Commerce Tofail Ahmed today said the onion price will become normal soon as around 50,000 tons imported...US to extend license to continue business with HuaweiThe Trump administration is set to issue a two-week extension of a license allowing US companies to continue doing business with China’s Huawei Technologies Co...Govt to fly in onion from abroad next weekAfter all its mechanisms went in vain to cool down the overheated onion market, the government has decided to fly in onion from abroad next...Tk 2cr cosmetics seized as ‘importer attempts to dodge Tk 1.3cr tax’Customs officials at Chattogram yesterday filed a case against an importer for allegedly importing Tk 2 crore worth of cosmetics under a false declaration.Customs sources...PM, finance minister submit tax returnsPrime Minister Sheikh Hasina’s tax return was submitted on behalf of her by representative Siddiq Hossain Chowdhury at the annual tax fair today.Meanwhile Finance Minister...Heidelberg to snap up UltratechFierce competition among too many producers has forced Emirates Cement Bangladesh, the owning company of Ultratech, to sell its entire stakes in Bangladesh to Germany’s...115 taxpayers awarded in Ctg, KhulnaA total of 38 persons from Chattogram, Bandarban, Rangamati, Khagrachhari and Cox’s Bazar were awarded yesterday as best taxpayers under four categories.The award crests for...UK jobs fall by most in over four years as election nearsBritain’s employers cut more jobs from July to September than in any quarter for four years, according to official data, which highlighted how the labour...Alibaba’s Singles’ Day sales hit record $38bChinese shoppers set new records for spending during the annual “Singles’ Day” buying spree despite an economic slowdown and worries over the US trade war,...Review ban period for crab collectionA recent study on crab farming recommended a modification of the banning period of wild crab collection and called for extending support to farmers during...FDI hits all time highForeign direct investment to Bangladesh surged 51 percent last fiscal year to its highest on record, riding largely on Japan Tobacco Inc’s acquisition of Akij...Robi to shed jobsRobi is set to offer its first voluntary separation scheme (VSS) to its 1,650 employees as a few hundreds of them have been sitting idle...PKSF Development Fair begins ThursdayA weeklong fair is set to begin in Dhaka on Thursday where a number of small entrepreneurs funded by non-governmental organisations under various programmes of...Russian e-commerce booms despite economic doldrumsMoscow photographer Galina Goryushina says that online shopping has changed her life.“I’ve got more time for myself,” said the 30-year-old freelancer.“I don’t have to haul...India’s industrial output falls at the fastest pace in six yearsIndia’s industrial output fell at the fastest pace in over six years in September, adding to a series of weak indicators that suggests the country’s...Bon voyage, Bangla Bond!Bangladesh needs to boost private investment from the current 23 percent of GDP to nearly 30 percent to accelerate and sustain growth as it moves...Bangla Bond debuts on London Stock Exchange tomorrowA $19 million taka-denominated bond is set to make its debut on the London Stock Exchange tomorrow, in a landmark moment for the country.The debt...India’s bad debt eased by write-offs, underlying problem remainsIndian banks wrote off more than $30 billion worth of bad debt in the year to June 30, helping to lower stressed loans on their...$300m ADB loan to expand power linesThe Asian Development Bank has approved a €271.84 million, or $300 million, loan for a project to expand transmission lines in greater Dhaka and the...Tuna fishing faces uncertaintyThe prospect of tuna fishing deep in the Bay of Bengal is hanging in the balance owing to a lack of interest of licensee firms...China bourse to launch index at DSEThe Shenzhen Stock Exchange (SZSE) is going to introduce a new index at the Dhaka Stock Exchange this year to attract Chinese investors to the...Harvard school’s alumni team in town to explore Bangladesh economyAn alumni team from South Asia of Harvard Business School (HBS) yesterday met with the former presidents of the Metropolitan Chamber of Commerce and Industry,...39pc RMG exporters supply at losses, a study findsAs many as 39 percent of the Bangladeshi garment exporters accept prices below their production costs for the sake of business relations with international retailers,...Bangladesh bought over 1pc of global LNG in first yearBangladesh has made remarkable progress by receiving more than 1 percent of total global production of liquefied natural gas (LNG) in the first year after...Loan write-off policy to be eased againThe central bank is set to relax the loan write-off policy once again in a space of nine months, bowing down to pressures from an...Banking commission soon: KamalThe government has agreed to form a banking commission to review the health of the sector and take necessary reform measures, finally heeding to a...Low tax-GDP ratio bar to universal pension schemeBangladesh’s very low tax-GDP ratio of about 10 percent is a key constraint in introducing a universal pension scheme for citizens above 65 years of...Join hands to cut water, energy consumptionThe government and retailers should shoulder some responsibility towards reducing water consumption in garment manufacturing to ensure sustainable production. Every stakeholder should take responsibility for reduction...China presses Trump for more tariff roll-backs in ‘phase one’ trade dealChina is pushing US President Donald Trump to remove more tariffs imposed in September as part of a “phase one” US-China trade deal, people familiar...Digital Marketing Award 2019: Asiatic MindShare Limited wins bigAsiatic MindShare Limited has won a total of 13 awards at the third edition of Digital Marketing Award organised by Bangladesh Brand Forum to give...Sustainable production to boost RMG ordersWestern retailers yesterday said they would opt for long-term sourcing of apparel items from Bangladesh in increased volumes provided there is sustainability in production here. Praising...Indian Government to promote fabric export to BangladeshIndian textile ministry is initiating efforts to help Indian textile companies export more fabric to Bangladesh.It really is noteworthy that Bangladesh, which is world’s #2...Women’s unpaid work equivalent to 40pc of GDP: SanemWomen need recognition for their unpaid work because its monetary value was almost 40 percent of Bangladesh’s GDP in fiscal 2016-17, said the South Asian...Banks donate to PM’s relief fundPrivate commercial banks have provided donations of blankets and cash to the Prime Minister’s Relief and Welfare Fund.The banks’ chairpersons, directors and managing directors handed...Bangladesh’s apparel: Wild ride ahead?The evening’s crawling rush hour traffic came to a complete halt in Kazipara in Dhaka as hundreds of garments workers, most of whom are women,...Banglalink’s user numbers raise questionsBanglalink has reported two different numbers of active subscribers in two separate reports—one submitted to the telecom regulator and the other to its parent company—with...Oppo opens local plantChinese handset maker Oppo is all set to launch its “Made in Bangladesh” smartphones in the local market this month as its mobile assembly plant...Brand Forum recognises 79 digital campaignsSeventy-nine local digital commercial campaigns won this year’s Digital Marketing Award for their creative communication in marketing and branding.Bangladesh Brand Forum honoured the winners in...