Archive / Business - 2019
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Good governance needed for a disciplined financial sectorPolicy reforms, good governance, and proper monitoring are required to help the country’s financial sector ride out the current crisis and put in place a...Don’t sell Sanofi BangladeshAbout 200 employees of Sanofi along with their family members and union leaders yesterday urged the French pharmaceuticals giant to discard the plan to sell...Safety, security equipment yet to gain popularityThe demand for safety and security equipment -- from smart home systems to modern fire extinguishers -- has not yet gained momentum in Bangladesh, market...In talks with US firms to license 5G platform: HuaweiBlacklisted Chinese telecoms equipment giant Huawei is in early-stage talks with some US telecoms companies about licensing its 5G network technology to them, a Huawei...Indian, Chinese firms to spot more business opportunitiesConstruction equipment and materials manufacturers, mainly from India and China, are exploring potential of expanding their business in the Bangladesh market. According to participants of Build...Govt to build 200 paddy silos to ensure fair pricesThe food ministry plans to set up 200 paddy silos for about Tk 6,000 crore in order to buy increased amounts of grains from growers...Barriers ease for women in SMEs: surveyWomen are facing less social and family challenges in doing business in Bangladesh compared to several years ago, an improvement that will buoy up more...Rising inequality may hamper social developmentThe government should step up its efforts to rein in inequality as its upward trend is posing a serious threat to the country’s ongoing social...Chopper rentals fail to take offTime is money, for many industrialists and top executives. But given the poor road communication in Bangladesh, inordinate amount of time is wasted on the...FM embarks on Europe tour; focus on economic diplomacyForeign Minister Dr AK Abdul Momen on Wednesday began his visit to a number of European countries as Bangladesh is giving much importance to boosting...Economic cost of devaluing ‘women’s work’As much as half of the world’s work is unpaid. And most of it is done by women.This imbalance not only robs women of economic...Slowing Indian bank lending overshadows economic rebound hopesCredit growth at Indian banks has dropped to its lowest level in nearly two years, the latest Reserve Bank of India (RBI) data shows, as...DSEX depressed despite soaring profits of firmsThe DSEX, the benchmark index of the Dhaka Stock Exchange, is refusing to pick up even though the profits of the listed companies continued to...Electrical products’ market growing fastThe domestic market of electrical products and wiring solutions is growing fast thanks to the rapid urbanisation, increased availability of electricity and rising purchasing power...Inflation hits 9-month highInflation edged up five basis points to 5.54 percent in September, the highest in nine months, driven mainly by spiralling prices of food and non-food...Sanofi to leave Bangladesh, confirms MDSanofi is now packing its bags to leave Bangladesh for strategic reasons, said the managing director of its local operations, bringing an end to weeks...GP, Banglalink lose in MNP battleBanglalink has lost the highest number of subscribers to other operators in the last one year as the users changed the carrier using the mobile...Export of digital device by 2021Bangladesh will start digital device export within the next two years, said Zunaid Ahmed Palak, state minister for ICT, as the country looks to brandish...Global fashion industry to grow 65pc by 2030: H&MWorldwide apparel consumption is set to increase by 65 percent by 2030 when the population will go up by 16 percent, creating huge business potential...Kolkata-born economist Abhijit wins Nobel for EconomicsIndian-American Abhijit Banerjee, Esther Duflo and Michael Kremer were awarded the 2019 Nobel Economics Prize on Monday for their approach to alleviate global poverty.Fifty-eight-year-old Banerjee...Bangladesh second in South Asia in GDP growth: WBThe Bangladesh economy is forecast to achieve the second highest growth rate this fiscal year in South Asia, the World Bank said in its biennial...Stocks slump for fifth dayThe stock market continued to bleed for the fifth day straight as tension surrounding the regulatory tussles of Grameenphone, the largest company on the Dhaka...Tax collection off to a slow startTax receipts grew only 3.35 percent in the first two months of the fiscal year, leaving a shortfall of Tk 9,317 crore in the National...Japan firms see ‘Abenomics’ sputtering, tax hike hurting economyJapanese companies overwhelmingly think the nation’s longest postwar expansion is peaking, with two-thirds expecting a tax hike imposed this month by Prime Minister Shinzo Abe...Pizza Hut launches pizza-burger hybridA pizza-burger hybrid that comes with eight patties and toppings such as meatball, chicken patties along with mozzarella and cheddar cheese made its debut at...Digital tech can help narrow trade finance gapDigital, or financial technology – including mobile internet access, blockchain, artificial intelligence, and big data – can make international trade more efficient and support financing...US outlines phase 1 trade deal with ChinaUS President Donald Trump on Friday outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff...Global stocks rise on partial US-China trade dealGlobal stocks rallied Friday as US-China trade negotiations yielded a partial deal, while the British pound surged for a second straight session on signs that...Banking ills can derail growthBanking sector vulnerabilities and uncertain global outlook stand to take the momentum off the economy that looks set to grow at a robust pace in...Trade deficit narrows on falling importsTrade deficit narrowed slightly in the first two months of the fiscal year, helped by a decrease in both imports and exports in a sign...DSE key index plunges to three-year lowShares on Dhaka Stock Exchange fell during all the trading days last week, sending the key index to its three-year low of 4,810.21 points.The DSEX,...Tea production surges on favourable weatherTea production grew 23.62 percent to 52.53 million kilogrammes as of August this year, in an indication that may see the country pull off the...Product innovation takes centre stage at German food fairProduct innovations and consumers trends for the coming years in the food and beverage industry are in the central focus for visitors at Anuga in...Audit Claims: GP, Robi challenge legality of BTRC’s show-cause noticeGrameenphone and Robi have challenged the legality of the telecom regulator’s show-cause notice on them asking to reply within 30 days why their licences would...'GDP to go up by 1pc once Padma Bridge completed'Local Government, Rural Development and Cooperatives Minister Md Tazul Islam on Saturday said the country’s GDP growth will be increased by 1 percent once the...Infrastructure dev fairs kick off next weekSeveral fairs under a “26th Build Bangladesh International Expo 2019” will be organised in Dhaka showcasing equipment, technologies and services related to infrastructure development.Cems Bangladesh...NBR seeks funds to buy 14 container scannersThe National Board of Revenue plans to buy 14 container scanners to boost examination of export and import consignments and curb evasion of duties through...US airlines grapple with ‘unfair tax’US airlines are scrambling to digest a new 10 percent tariff on European-made Airbus planes that threaten additional havoc in a market already reeling from...eGeneration inks deal with Indian company for tech transferEGENERATION Ltd, one of the leading technology and tech investment companies in Bangladesh, has struck a memorandum of understanding with Highbar Technocrat Ltd, a spin-off...US retailers eye strong holiday season despite trade worriesDESPITE the flurry of trade and political uncertainties hanging over the US economy, the National Retail Federation on Thursday said it expects Americans to continue...A look at HDB flat affordability after recent housing policy movesPublic housing has played an important role in building a social compact that holds Singapore’s society together.More than 78.7 per cent of resident households in...India makes fifth rate cut, slashes growth forecastINDIA’S central bank on Friday cut interest rates for the fifth time this year, putting them at a near-decade low, while it also slashed its...96pc bikes made locallyJust two years ago, Bangladesh was dependent on imports to meet 95 percent of its demand for motorbikes. But the situation has completely reversed: Today,...Sanofi says no plan to exit, employees state otherwiseSanofi has sent out a letter to medical professionals reassuring them that the French pharma giant was not leaving Bangladesh -- a move that its...Exports to India remain dismalDespite sharing a long border, Bangladesh is still a very tiny source for merchandise for India due to a lack of diversification of products and...Market’s stability is main focus: BSECThe Bangladesh Securities and Exchange Commission (BSEC) has been emphasising market stability because it otherwise leads to losses for general investors, said Khairul Hossain, chairman...Foreign fund in DSE keeps fallingThe net foreign investment on the Dhaka bourse has kept falling for the seventh straight month because of eroding investor confidence and the rising fear...Trust key to crowdfunding: BB deputy governorBuilding trust is key to successful crowdfunding initiatives, a deputy governor of Bangladesh Bank said yesterday.“Crowdfunding is playing a more and more effective role in...Govt redefines hard term external loansThe government has decided to consider foreign loans as hard-term ones if the grant element is less than 25 percent, down from the 35 percent...Why Asia has eye-watering onion pricesFrom Kathmandu to Colombo, it’s a kitchen nightmare: Onion prices have gone crazy.That’s because India, the world’s biggest seller of the Asian diet staple, has...