Archive / Business - 2019
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Ship sets off to check viabilityAn Indian container ship sets off from West Bengal today to see if it is technically and commercially viable to establish a trade route up...Tanners long way off LWG certificationThe Savar Tannery Industrial Estate (STIE) and the tanners are still a long way off from meeting the requirements of the vital Leather Working Group...Invest more in R&D, pharma raw materials to hit $1b exportsBangladesh needs to invest in research and development and the manufacture of raw materials if it wants to pocket $1 billion from exports in five...Cultural sync core of digital campaignsTop management tiers need to consider cultural viewpoints before using the huge amounts of user data being generated daily in the digital space for marketing...Airlines to count 15pc VAT on airport servicesAirlines will have to count 15 percent value added tax (VAT) on aeronautical services provided by the Civil Aviation Authority of Bangladesh (CAAB), according to...Thai Airways chairman resigns as company strugglesThai Airways has disclosed that its chairman has resigned as the carrier struggles with financial challenges.The airline said Friday that Ekniti Nitithanprapas resigned as of...GP gets time to inform SC how much it can pay nowThe Supreme Court yesterday gave two more weeks to Grameenphone to inform it how much money the operator can pay to the Bangladesh Telecommunication Regulatory...Samsung Electronics’ Q3 net profit slumps 52pcThe world’s largest smartphone and memory chip maker Samsung Electronics saw net profits slump by more than half in the third quarter, it said Thursday,...Bangladesh turning into a hotspot for leather, leather goodsWith great hopes, Yih Hang, a Taiwanese shoemaking machinery manufacturer, is participating in the 7th International Leathertech Show at the three-day International Convention City Bashundhara...Rescue plan for farmersThe government is set to buy 6 lakh tonnes of aman paddy, the highest in 24 years, from growers this harvesting season as it looks...Regent Airways offers up to 50pc discountRegent Airways has recently offered upto 50 percent discount on its five inter-national and two domestic routes marking its 9th anniversary to be celebrated on...Unutilised BO accounts soaring on ailing stocksStock investors are becoming inactive due to ailing stocks and lack of confidence, so the number of unutilised and zero balance beneficiary owners’ (BO) accounts...Bank loans still elude small women entrepreneurs: studyWomen entrepreneurs, particularly small ones, continue to remain marginalised when it comes to getting loans from the financial sector despite various initiatives taken over the...Telcos compensate for only 8.48pc cases of call dropsMobile operators have cut back on compensation for call drops in recent months, in a worrying development for customers.Between August last year and July this...Cooperation to boost regional tradeCooperation between South and Southeast Asian Muslim nations will immensely benefit the region, including non-Muslim nations, speakers said.They said the cooperation will increase business and...Investors demand BSEC overhaulStock investors yesterday demanded reforms in the Bangladesh Securities and Exchange Commission (BSEC) by way of changing the top officials for their failure to uphold...Poor dividends pull stocks downPoor dividends announced by the listed companies and forced sale of shares by merchant bankers are pushing stocks down, adding further woes to the investors...Saudi Arabia to invest in India’s downstream oil, gas projectsPrime Minister Narendra Modi said on Tuesday Saudi Arabia will invest in downstream oil and gas projects in India as part of a strategic partnership...Stocks continue to slide as manipulation dents confidenceStocks have continued to lose value as the index and prices are falling every day.The DSEX, the benchmark index of Dhaka Stock Exchange, fell 53.42...Exports to India may double in 3yrs if trade potential utilisedBangladesh will be able to double its export to India in three years if the former can utilise its trade potential in the northeastern Indian...VAT cut likely for power plants’ coal importThe National Board of Revenue is likely to cut value added tax on the import of coal for power plants to 5 percent from present...Xi’s pep talk on blockchain lifts Chinese tech sharesChinese shares closed sharply higher Monday as investors piled into stocks linked to blockchain after President Xi Jinping called for China to step up investment...World Bank chief gives tips to boost India's economic growthA modernized land management, streamlined courts, and regulated shadow banking system would hugely benefit Indian economy, visiting World Bank president David Malpass has said in...Food safety authority talks tough on harmful turmericBangladesh Food Safety Authority (BFSA) will be compelled to apply laws if retailers and manufacturers do not withdraw the turmeric powder that contains high levels...Onion crisis to linger for a month: MunshiConsumers will have to bear high prices of onion for one more month until new consignments of the vegetable arrive from Egypt and Turkey and...DSE turnover hits five-month lowStocks plunged again yesterday after a two-day rising streak, pushing the turnover on the Dhaka Stock Exchange to a five-month low.Turnover dropped 22.37 percent to...PRI, Brac Bank workshop focuses blockchain for SMEA workshop yesterday focused on technical, business and legal aspects of blockchain technology along with a few promising enterprise usages with emphasis on small and...HBM Iqbal blames bankers for bad loansPremier Bank Chairman HBM Iqbal yesterday blamed banks’ executives for rising non-performing loans in the industry.He said the branch manager, the credit division and the...Withdraw advance tax on import of raw materialsFeed makers yesterday urged the government to withdraw advance tax on the import of raw materials of feed and machinery of the poultry industry, as...Develop bond market to finance infrastructure projects: expertsBangladesh has to create a vibrant corporate bond market immediately if it wants to go to the next level of development, experts said yesterday.Banks get...Noab seeks FBCCI support to ride out crisisThe Newspaper Owners’ Association of Bangladesh (Noab) yesterday sought cooperation from the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) in developing the industry...DSE turnover rises 19pcTurnover at the Dhaka Stock Exchange rose around 19 percent yesterday thanks to higher participation of institutional investors.Market insiders said some well-performing companies declared dividends...India to try to lift onion export banIndia has assured Bangladesh that it would try to lift the ban on the export of onions after the Maharashtra assembly elections, which took place...Quality key to boost fruits, vegetables exportsBangladesh has been failing to export its fruits and vegetables, which are in surplus now, due to a lack of quality and variety sought by...Risk of contagion in India’s financial sector rising: rating agenciesThere is rising risk of contagion in India’s banking sector with many finance companies having lost more than half of their equity value in the...French govt drops 2020 tourism targetThe French government has abandoned its goal of welcoming 100 million foreign visitors in 2020, blaming the impacts of months of anti-government protests and Britain’s...Baby Powder was safe 13 days before FDA bombshell: Johnson & Johnson CEOFacing off against a plaintiff’s lawyer for the first time about Johnson & Johnson’s Baby Powder, the company’s Chief Executive Alex Gorsky earlier this month...Bangladesh among least favourable nations for farmersBangladesh has one of the least favourable regulatory environments for farmers although the country is still dependent on the agriculture sector for ensuring food security,...Influential quarter, workers’ ignorance hamper trade unionismThe government cannot approve trade unionism in industrial sectors because of pressure from influential quarters and workers’ ignorance, former state minister for labour and employment...Tax fair begins Nov 14The annual weeklong tax fair will begin on November 14 to enable individual taxpayers to congregate and file returns and complete tax procedures all in...HC to pass order tomorrowThe High Court has decided to pass an order tomorrow on an appeal filed by Robi Axiata seeking an injunction on a move of Bangladesh...Land phone connection free from next weekGetting a new landline connection would be free of cost from next week as the government looks to bring users back to wire-connected telephony and...Omera, JMI Hospital to go publicOmera Petroleum, a subsidiary of Mobil Jamuna Bangladesh, plans to raise Tk 238.43 crore from the stock market to expand its liquefied petroleum gas (LPG)...China unexpectedly keeps benchmark lending rate unchangedChina on Monday unexpectedly kept unchanged its new benchmark lending rate, suggesting Beijing is keen to avoid overly loosening monetary policy for fear it may...Chinese firm to invest $2m in Ctg EPZAn agreement was signed between Bangladesh Export Processing Zones Authority (Bepza) and a Chinese company yesterday for implementing the latter’s plan to invest $2 million...IMF warns of downside risks for Asian economy amid trade tensionsAsia is expected to grow at 5.0 percent in 2019 and 5.1 percent in 2020, with risks to the projection still skewed downward, an International...Defaulters rush to state banks to reschedule loansFive state-owned commercial banks have received nearly 80 percent of loan rescheduling applications as defaulters rush to regularise their credits on easy terms under a...Mirsarai Economic Zone set to open next monthOne factory will go into operation at the Mirsarai Economic Zone (MEZ) next month and another five by June next year as the country’s largest...Junk stocks soar on expectation of manipulationJunk stocks yesterday soared once again upon speculation, much to the bafflement and frustration of analysts.Five poorly performing companies from the Z category -- Information...Govt launches three online platformsThree digital one-stop platforms -- Eksheba, Ekpay and Ekshop -- to enable people to get different government services and pay utility bills and fees were...