Archive / Business - 2020
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Fabric production an issue for Vietnam's textile industryFabric production is a challenge for Vietnam's textile and garment industry when it comes to free trade agreements (FTAs) requirements on product origin.The import value...RMG export earning plummets by simply 18.45pc in FY 2019-20The country's earnings from garment export in the outgoing 2019-20 fiscal year declined to 27.83 billion USD - an 18.45 percent decline when compared to...Unilever announces MD because of its new entity in BangladeshUnilever, it appears, is dead seriously interested in getting a good foothold in Bangladesh's diet business.On Tuesday, the Anglo-Dutch consumer items giant finally completed its...Blessing in trying situations: OBHAI’s dedicated home-hospitals runsNazim Ahmed, a good retired banker residing in the capital's Mohakhali DOHS, was mired in consternation the other day when he realised his daughter was...Heavy is the heart of the business enterprise communityHe did not stop just by achieving the pinnacle of businesses in Bangladesh through unparalleled dedication, hard-do the job and extraordinary ethics that brought him...When regulatory intervention does considerably more harm than goodTen years ago, a verbal directive from the regulator to avoid the practice of forced-sale hit the currency markets hard and the impacts remain being...NBR walks rear on order seeking information to sniff out VAT evasionThe VAT Cleverness yesterday withdrew its directive that had asked banks to supply information on discrepancies in turnover figures displayed by potential borrowers in returns...Bank Asia ushering in the future of banking this yearBank Asia is defined to form a neobank, a good thoroughly novel notion for Bangladesh, inside December, in a approach that can change the facial...Beximco, Indian Oil synergy to grab a good slice of fast-growing LPG pieAt a time when most companies are grappling with the financial fallout of the global coronavirus pandemic, local giant Beximco Group, it appears, is doing...Japan, the territory of rising assurance for Bangladesh’s ICT sectorJapan - ever in the forefront of science and technology because of its way of life of intensive mathematics education and reverence for engineers.So it...The elusive quest for VAT automationMuch has been said about the modernisation and automation of the value-added tax system in Bangladesh over the last decade. Yet, the automation of the...India should give even more market usage of Bangladeshi goods: FBCCIBangladesh wants more recycleables from India to improve creation for both countries through the coronavirus pandemic.The interdependence between Bangladesh and India has been growing because...Sonali Paper is definitely returning on DSE mainboard. But its gain isn't without controversySmall capital-established Sonali Paper & Table Mill's re-listing in the mainboard of the Dhaka Stock Exchange has raised questions as the regulator granted an exemption...For NBFIs, 2019 was an awful year. And 2020 is definitely poised to be a whole lot worseThe year 2019, it appears, was an annus horribilis for the non-bank financial institutions industry.Not only achieved it start to see the fall of an...Unilever buys 82pc stake in GSK’s health food division in BangladeshUnilever bought more than 82 % stakes in GlaxoSmithKline's well being food and drinks organization in Bangladesh from Setfirst yesterday through the block market in...Bangladesh seeks extension of EU trade benefits sometimes after LDC graduationBangladesh wishes the EU to keep providing the existing zero duty profit even after its graduation to a developing country while the Covid-19 pandemic is...Grameenphone files petition challenging SMP restrictionsGrameenphone filed a good writ petition before a higher Courtroom bench yesterday challenging a good June 21 directive of Bangladesh Telecommunication Regulatory Commission (BTRC) alongside...Facebook shares slump by 8.3pc as ad boycott widensFacebook Inc shares possess shed 8.3%, weighing the most on the S&P 500, after Unilever PLC and Verizon Communications Inc joined an advertising boycott that...Private sector credit growth accumulates in May - on paperPrivate sector credit data appears to have gone against the grain in-may.For two years on the trot, private sector credit growth was lesser than in...Insufficient database hinders youth advancement: lawmakerThe absence of an accurate database is the primary barrier towards undertaking any initiative for youths in Bangladesh which could possess led to the subsequent...Faithful to his duty till the end"My health condition is not good and I would probably take admission in a hospital, so you guys should send the draft of the monetary...Dairy farmers suffer Tk 4,000cr loss for Covid-19Dairy farmers and processors suffered nearly Tk 4,000 crore in losses, because they cannot market milk within the last 3 months due to countrywide lockdown...Import of sponge iron from India commences through river routeWith cross-border trade slowing at Petrapole-Benapole border because of coronavirus, a consignment of almost 1,100 tonnes of sponge iron has left for Bangladesh using the...Driving to Digital Bangladesh in reverse gearThere is absolutely no doubt that the united states has come a long way in fulfilling its vision of becoming Digital Bangladesh. With significantly less...Spotlight shifts to fairness merchandise industry as Unilever rechristens its Fair & Lovely brandEquating fairness with magnificence offers been an agelong practice in the Indian subcontinent and far of Asia, one which usually spawned an immensely booming industry...275 trucks stranded in Benapole, PetrapoleIndia's Border Security Power (BSF) has restricted the motion of 275 trucks in Petrapole and adjoining Benapole ports seeing as a good quarantine measure, putting...13pc persons lost jobs because of Covid-19 pandemic: BIDS surveyAbout 13 percent people have grown to be unemployed in the united states because of Covid-19 pandemic, according to a survey of Bangladesh Institute of...Overcapacity in electric power sector an evergrowing concern: CPDOvercapacity is an evergrowing concern for the energy sector as it is creating fiscal and financial burdens for the united states, said the Centre for...Taka benefits on falling imports, soaring remittancesThe neighborhood currency has started appreciating suddenly because of an enormous fall in import payments and rise in remittances in recent weeks.This helped the country's...HSBC lends Square Tk 1,000cr in Bangladesh’s first sustainability-linked loanHSBC Bangladesh has arranged the initial sustainability-linked bank loan in Bangladesh since it lent $118 million (Tk 1,000 crore) to Square Group to progress its...Bangladesh among top 3 Asian nations promoting green financingGreen financing is going to be rapidly gaining traction in the Bangladesh market because of the country's specific concentrate on issuing green loans, according to...Omera becomes first native LPG cylinder maker to export its productsIn a first for Bangladesh, Omera Cylinder Ltd, an area maker of liquefied petroleum gas (LPG) containers, has recently begun exporting its goods to international...Accept deferred repayments to benefit equally nations: FBCCI to IndiaThe Federation of Bangladesh Chambers of Commerce and Sector (FBCCI), the country's apex trade body, on Mon demanded that India accept deferred payments as high...Buying ad space about Facebook just simply became easier to get Bangladeshi firmsThat we certainly are a nation enthusiastic about the social media program Facebook is a foregone conclusion.Nowadays, to monetise this fondness efficiently, the US tech...Forget about duty exemption for furnace oilThe earnings authority has withdrawn duty-free import privilege for furnace essential oil as a way to discourage establishment of electric power plants using the fuel...Tax receipts preserve falling as pandemic lingersEarnings collection fell massively for the second consecutive month in May as being incomes and demand for things and services crashed because of the lengthy...Govt-backed loans for state enterprises rise to Tk 60,653crTaxpayer-assured loans for Biman Bangladesh Airlines more than doubled to Tk 10,279 crore as the state-run carrier got credits to buy new Boeing aircraft.The guaranteed...Covid-19 to leave deep scars about LDCs, says ICC BangladeshThe outbreak of Covid-19 will have devastating monetary effects on least designed countries (LDCs) as monetary activities possess been slowed up significantly, said the International...Liquidity management to be a major challenge in post-pandemic periodLiquidity management found in the banking sector will become a challenging task soon as a result of coronavirus fallout, said Mominul Islam, managing director of...BB cuts dollars reserve ratio for non-banksThe central bank yesterday slice the cash reserve ratio (CRR) for non-bank finance institutions (NBFIs) so as to help the cash-strapped entities tackle the ongoing...BTRC imposes two limitations on GPThe telecom regulator has imposed two new limitations on Grameenphone. The approach comes 16 months after it declared the country's leading mobile phone operator a...Budget didn't meet expectations: analystsThe proposed cover another fiscal year has didn't properly reflect medical and livelihoods crisis created by the Covid-19 pandemic and take more than enough measures...Frozen foodstuff exporters demand trim in corporate taxExporters of frozen foods, especially shrimp, have demanded that the federal government reduce corporate tax from 32.5 % to 15 % in the proposed national...Fundamental reforms needed to support subsequent wave of digital development: WBThe World Lender has urged Bangladesh to generate fundamental reforms to be able to digitalise the economy and support another wave of digital development."Extensive and...Telcos in a good spotThe Covid-19 pandemic is going for a heavy toll on the telecom operators, because they saw a 2 per cent decline in their clientele in...Subsidy spending climbs for crisis-related expenditureThe government's subsidy spending would rise by 26.25 % to Tk 56,051 crore within the next fiscal year, on the trunk of taxpayer-funded allocation for...BB asks banks to continue identifying good borrowersThe central bank has asked banks to keep their activities to recognize good borrowers and investors to facilitate providing incentives to them.The instruction came as...China gives duty-free usage of 5,161 more Bangladeshi productsThe Government of China has given duty-free access to even more 5,161 Bangladeshi products in the Chinese industry.Bangladesh will love this duty getaway from July...WB approves $1.05b for Bangladesh to create top quality jobs, react to pandemicThe World Lender yesterday approved $1.05 billion for three tasks to greatly help Bangladesh create quality jobs and accelerate monetary recovery from the Covid-19 pandemic...Bangladesh Bank orders banks to make sure full CSR shelling out for healthThe central bank has instructed banks to guarantee the full and proper spending for medical sector under their corporate social responsibility initiatives amid the raging...
