Archive / Business - 2020
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NBR eyeing VAT from streaming platformsNetflix and Amazon Primary have become household names found in Bangladesh as the ongoing coronavirus pandemic comes with forced persons to take shelter aware of...March was first mean for MFS providersGiven the necessity for public distancing and the push towards digital transactions to avoid the pass on of the highly contagious coronavirus, one would have...Why is Bangladesh’s currency markets bearish when global stocks are actually on bull run?Global stock markets saw almost a V-shaped recovery during the coronavirus pandemic. But Bangladesh's stock market is an exception.A V-shaped recovery identifies a sharp fall...Mobile carriers look and feel hard done byThe government might not exactly achieve their target revenue from the telecom industry with only a 5 % upsurge in supplementary duty for the upcoming...Parcel delivery arena gets hotter as Uber makes its grand entryUber seemed to experienced another trick up its sleeve when it announced previous month that it had been shutting down its highly popular food delivery...Perishable goods exporters urge Biman to introduce cargo flightsVegetable and fruit exporters have demanded the nationwide flag carrier Biman introduce particular cargo flights to reduce fares and boost the level of goods transported.After...Pandemic nudging Bangladesh’s debt-to-GDP ratio away of comfort zoneThe coronavirus pandemic is growing to be a a significant costly affair for Bangladesh, because of which its public debt-to-GDP ratio, which includes thus far...Onion prices hold steadyOnion prices remained regular regardless of the government's decision to impose a good 5 per cent tariff on imports of the main element cooking ingredient...Fahim elected VP of Saarc ChamberSheikh Fazle Fahim, president of the Federation of Bangladesh Chambers of Commerce and Sector, has been elected as the vice-president of the Saarc Chamber of...In an electronic world, Bangladesh’s trading remains defiantly analogueOne would feel that the opportunity to conduct stock trading online would remove like a rocket, given the immense comfort the facility presents. But, the...BB extends loan position classification to Sep 30 as it fears pandemic would ram onThe central bank has extended the deadline for mortgage loan status classification by banks further to September 30, since it now forecasts the economy will...Foreign firms’ done steel product imports should be taxedNative steel building makers yesterday urged the federal government to impose a duty found on the import of done steel products by international companies to...ADB grants $100m mortgage loan for rural street network expansion in BangladeshThe Asian Development Bank (ADB) has approved a $100 million mortgage to expand the coverage of an ongoing rural road network improvement project in Bangladesh,...Apparel exporters need additional support to stay the courseApparel exporters and textile millers demanded the federal government accommodate more procedures in the proposed funds to recuperate exports and buck up work creation in...Bangladesh’s stimulus bundle second highest among peer countriesBangladesh's stimulus packages targeted at mitigating the affect of the coronavirus pandemic happen to be one of the highest among a selective band of countries...Bangladeshi skincare manufacturer now selling on Amazon USLocal organic and natural skincare product brand Skin Café has ventured in to the foreign territory following it got the nod to list its products...Dream71 to develop gaming for East Timor childrenLocal software huge Dream71 Bangladesh is defined to develop several educational videogames for East Timor, a Southeast Asian nation located on the Pacific, a development...Work hardly got any focusThe proposed budget must have had considerably more focused indications on the recovery of jobs dropped directly and indirectly for the pandemic alongside the generation...Cultural protection schemes’expansion falls brief of needsThe social back-up programmes (SSNPs) for the next fiscal year have generally centered on expanding the coverage of the prevailing schemes amid calls to create...Tax exemption offered for purchase in 7 tech-based sectorsThe government has sought to increase tax holiday benefits to seven new sectors from another fiscal year to inspire expansion of making activities, according to...RMG export: 1pc additional income incentive to continue, source tax hiked to 0.5pcFinancing Minister AHM Mustafa Kamal today proposed continuation of just one 1 percent additional income incentive for the country's garment export in 2020-21 fiscal time...Tk 568,000 crore price range unveiled; 8.2pc GDP growth target setFinancing Minister AHM Mustafa Kamal today positioned Tk 568,000 crore national budget for 2020-21 fiscal with an ambitious target of 8.2 percent GDP growth amid...GDP growth, earnings targets sky-high: Economists sayThe government wouldn't normally be able to accomplish its targets on revenue mobilisation and economical growth in the next fiscal year because they are unrealistic...Remaining afloat amid pandemic can be add up to making profit1 should focus on keeping the source chain even by churning out goods and rendering services rather than making money in 2020 as persons are...Borrowers get fascination rebate for Apr-MayThe Bangladesh Lender yesterday drew up an insurance plan to rebate interest for borrowers for the April-May period as part of its move to provide...A ray of hope for the jobless April was first undeniably the worst-ever month for Amena Akter, another year honours student of a good college in Dhaka.Her father and brother were let...Exports to Canada grew 15pc in 2019Bangladesh's exports to Canada grew 14.53 % year-on-year to CAN$1.97 billion last year, riding on the trade privilege extended by the UNITED STATES nation.In 2018,...Neither operators nor customers are actually happyWhenever all Robi user tops up Tk 100 for service, the National Board of Revenue is said to get Tk 27.50 from it seeing that...Variety taskforce to monitor delivery of stimulus packagesA multi-stakeholder taskforce ought to be formed to monitor the delivery of the Tk 101,117 crore stimulus packages to avoid misuse and leakage, a think-tank...Clean orders for apparel plunge 45pcThe inflow of new work orders to Bangladesh's garment sector from international retailers and brands for June is 45 per cent lower than that a...Stock brokers in dire need of incentivesCurrency markets investors and intermediaries are actually in real peril as the index of the country's bourses have sunk along with turnover during the past...Shohoz’s crowning gloryCorona Tracer BD, a contact tracing software that warns users if they're near somebody who tested positive for the coronavirus, is off to a good...Safety net outlay to hit 3pc of GDP for first-timeThe government may allocate Tk 95,155 crore for the safety net programmes within the next fiscal year since it looks to broaden the number of...Tragic yarn: India-China border spat hits global cashmere productionThe world is at risk of a shortage of the highly prized and super-soft cashmere wool as pashmina goats that live on the "roof of...BSNL yet to clear payment for bandwidth importBharat Sanchar Nigam Ltd (BSNL), a state-run mobile network provider of India, has deferred payments on internet bandwidth imported from Bangladesh despite scrapping its deal...Income inequality to balloon like nothing you've seen priorIncome inequality is defined to inflate to an archive high this season, as the coronavirus pandemic continues to get rid of jobs and sweep away...Banks call for measures in budget to lessen their loadBanks have urged the federal government to take a number of measures in the upcoming budget to protect the banking sector from the ongoing financial...Subsidy for fertiliser to declineSubsidies on fertiliser products will probably decline to around Tk 7,000 crore in the outgoing fiscal year as falling prices for the key farming ingredient...Money whitening may get full amnestyThe federal government may grant full amnesty to the persons if indeed they invest their untaxed money, generally known as black money, since it looks...Please lower bike registration feesThe motorcycle makers' association has demanded an 81 per cent cut in bike registration costs in next fiscal year's budget as the purchasing power of...Telecom sector can galvanise financial recoveryAs connectivity through digitalisation has tested worthwhile in keeping socio-economic activities ready to go even during the pandemic, entire Bangladesh is running after innovation in...BGMEA dispels confusion over job cut commentThe Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday vehemently denied it has announced any job cut in the apparel sector amid a slump in...Uber fixing host of safety measures of its own as it waits to motor riders againWith technologies and protective measures to support the novel coronavirus, Uber is confident about providing safe travel to passengers as the most notable global ridesharing...Pathogen crushes Delta Hospital’s listing dreamsDelta Hospital, which got the green signal in February to improve Tk 50 crore, has requested the Bangladesh Securities and Exchange Commission (BSEC) to cancel...Govt likely to cling to 8.2pc growth targetDespite Corona crisis, the federal government will probably set an ambitious growth target of 8.2 percent in FY’21 with the expectation of earning a turnaround...Govt pledges transparency, addressing banking sector ills to IMFBangladesh has pledged to utilize the emergency the help of the International Monetary Fund transparently and effectively, ensure fiscal discipline and prioritising addressing banking sector...Bangladesh finally gets its contact tracing appBangladesh yesterday rolled out a contact tracing application on a trial basis to warn users if they have been near a person who later tested...Daraz to invest Tk 500cr to build logistics infrastructureChinese e-commerce giant Alibaba's subsidiary Daraz has announced plans to get Tk 500 crore by 2021 in Bangladesh to set up logistics infrastructure and hubs...People want ‘pro poor’ budgetPeople who have been hit hard by the recent shutdown targeted at containing the coronavirus outbreak, have urged the government to announce a pro-poor national...Just an app needed to open Sonali Bank-accountAn account can now be opened with any branch of Sonali Bank, the country's major bank, at any time within a few minutes simply with...