Archive / Business - 2020
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Bangladesh’s GSP facilities to EU markets will continue: European OmbudsmanThe European Ombudsman has nullified the rights groups' complaints against labour rights violation in Bangladesh and given verdict in favour of the country for continuing...Container congestion feared in Ctg port amid small deliveryLoading and unloading of mass cargoes and containers to and from the vessels are going on as usual at the Chattogram slot, which handles 93...Logistics for stimulus bundle allocation to end up being finalised by in a few daysThe federal government has started focus on devising a strategy to allocate its Tk 5,000 crore stimulus package for the export-oriented sectors announced by Prime...Coronavirus: Are the policy and community responses adequate?Coronavirus: Will be the policy and community responses adequate?The government and the Bangladesh Bank have come up with several initiatives in response to the evolving...BB to permit clients to settle interbank cross cheques during closureThe central bank yesterday said clients will be permitted to settle their interbank cross cheques to permit the government and businesses to provide emergency support...Taming coronavirus rampage: An efficient and inclusive approach may be the need of the hourThe outbreak of coronavirus is deepening in the united states and the risks on public health insurance and overall economy is getting high.Although the contagion...State coffer was topping up nicely before outbreakcrore in the first eight months of the fiscal year aided by healthy tax generation however the shortfall against the government target has kept widening.Between...Govt drawing on big data analytics to contain pandemicThe government has initiated an activity to draw a digital map to track coronavirus cases and find out areas vunerable to contamination through the use...Local industries need govt support to tackle impact: ExpertsIn addition to the stimulus package for export-oriented industries, economists and local industrialists stressed the necessity for policy support and incentives for the neighborhood industries...Business and ethics must go hand in hand for private hospitalsPrivate hospitals and clinics in Bangladesh should ensure high-class service, maintain ethics and win the confidence of patients to take the country's burgeoning healthcare system...Trump signs $2 trillion recovery plan as US virus cases skyrocketPresident Donald Trump signed into law Friday the $2 trillion rescue intend to salvage a US economy crippled by the novel coronavirus, on a day...Taming coronavirus rampage: Now it's time to put hostipal wards to testOver the last few days, Health and Hope Hospital has put a restriction on the number of attendants with a patient to just one, at...Panic-struck people clear out faintly promising malaria drugOn Sunday, Salman Islam, a resident of the capital's Panthapath area, rushed to the nearest pharmacy to buy malaria drug hydroxychloroquine after seeing on the...Factories go up to the occasion, be a part of hands to create PPENative production of personal protective equipment (PPE) gained momentum yesterday just after a joint initiative got approval from the federal government about the look and...Distant work: productivity without compromising safetyWill coronavirus bankrupt considerably more persons than it kills? Very well, economists are predicting that it will, in a variety of industries, by the finish...Govt seeks $1b from IMF, World BankBangladesh yesterday sought $1 billion on support from the International Monetary Fund and the World Lender as the united states looks to aid its people,...HSBC extends support to beleaguered garment sectorHSBC Bangladesh yesterday announced a set of measures to greatly help its textile and garments clients tide over the financial fallout from the coronavirus pandemic.The...Internet traffic surges while people stay homeAs the spreading coronavirus has generally paralysed public motion and social life, internet usage has raised 15 % in Bangladesh as people are increasingly counting...BB takes more stepsBangladesh Bank yesterday issued four notices centring the ongoing global pandemic, including one instructing banks to simply accept advance payments as high as $500,000 from...Bring on fiscal policyIf there ever was a challenging time for fiscal policy, that is it! The budgeting season for the federal government has started amidst a potential...Garment order cancellations coming thick and fastWork order cancellations by international retailers due to the ongoing coronavirus pandemic have cost Bangladesh's garment sector $1.98 billion in revenues by yesterday, exporters said.The...BB is doing its part. But could it be enough?The central bank yesterday made funds cheaper for banks by reducing the policy or repurchase agreement rate (Repo) by 25 percent basis points to 5.75...Pahela Baishakh sales crash to a halt for clothing brandsIt's all colourful.A poster with models donning red panjabi and saree pasted at one side of the entrance, as the national flag hangs privately wall...Taming coronavirus rampage: BB rises to the occasionWithin an unprecedented move, the central bank yesterday said it'll buy Treasury bills and bonds from banks and non-bank finance institutions (NBFIs) to tackle the...ADB keen to write a cheque of $500mThe Asian Development Bank might provide $500 million to Bangladesh in the beginning as budget support to be able to help the country improve its...No duty on PPE, hand sanitiser and testing kit raw materialsThe National Board of Revenue (NBR) is set to remove all varieties of import duties and taxes to motivate quick import of Personal Protective Equipment...Clamour for hand sanitisers leaving manufacturers breathlessPossibly the most sought items today are hand sanitisers and alcohol-based hand rubs, once rarely used, as persons scramble to safeguard themselves from the lethal...School banking getting tractionUniversity banking is increasingly buying popular among students as the deposits within their accounts crossed Tk 1,600 crore in 2019.As of December last year, pupils...Bangladesh to get more trade benefits from China as an LDCBangladesh really wants to secure additional trade benefits from China as a good least developed region (LDC) rather than signing a free trade arrangement with...You don't need to hoard tissueThe coronavirus pandemic has fuelled the demand for tissues globally and Bangladesh, where new cases of contagion are getting identified, is not an exception.Shoppers listed...Govt again miskicks in the stock marketThere is a Spanish proverb that goes along the lines of pouring water on a drowned mouse, which means investing in more resources into a...Italian retailers considering cancelling work orders: MunshiSome European clothing retailers, especially the types based in Italy, are mulling over cancelling or deferring work orders from Bangladesh amid a fall in apparel...Dhaka stocks crash to its lowest in five yearsDhaka stocks plunged to its five-year low yesterday amid coronavirus-induced sell-off as fears grew that the fast-spreading disease would hurt both global and local economies...Swiss institutional investor raises its stakes in BATBCThe existing rout of the Dhaka bourse includes a silver lining: many well-performing companies are becoming bargains.Swiss wealth management firm Pictet spotted this opening, which...Car manufacturing in Bangladesh: preparing for the next biggest industry after apparelBangladesh will soon start manufacturing cars, that too electric ones, according to a news report published in The Daily Star with the headline "Local firm...Sheltech thrives on ethical businessIntegrity, quality construction and timely delivery of projects can bring lasting success and reliability in the true estate business, said Tanvir Ahmed, managing director of...Coronavirus fears: hotels become ghost townsIn the overall run of things, a steady blast of chatter buzzes over the lobby of the Pan Pacific Sonargaon, as the upscale hotel in...All is well on the apparel export frontMajor Western clothing retailers said they are yet to lessen on their work orders from Bangladesh for the coronavirus outbreak in Europe and the united...Tk 100cr subsidy earmarked for farm machineryThe government is putting its best foot forward to greatly help farmers buy agricultural machinery with subsidy ahead of the next boro season to ensure...Microsoft co-founder Bill Gates leaves boardMicrosoft on Friday announced that co-founder Bill Gates has left its board of directors to devote additional time to philanthropy.The 64-year-old stopped being involved in...The curious rise of Islamic banking in BangladeshConventional banks have to maintain 18.5 % statutory liquidity ratio (SLR) and cash reserve requirement (CRR) of their total clients' deposits. They must also maintain...Could Thailand be an alternative solution to India for consumer goods?The import of Thai products is growing in Bangladesh on the back of higher demand and top quality in a country where the consumer class...Infrastructure equipment industry booming on mega projectsBangladesh's infrastructure equipment making sector is undergoing sweeping adjustments to meet up the increased demand due to the execution of the government's mega assignments to...Postal financial savings schemes go digitalThe government yesterday initiated the automation of ordinary and fixed deposit accounts under POSTOFFICE Savings Bank to ensure transparency and prevent affluent people from abusing...Silver lining for the banking sector as being loan recovery soars found in 2019Pushed into a restricted corner banks put up a spirited fight against the mounting default loans last year, as their mortgage recovery went up 15.46...Farmers can now turn up a portable app to sell paddy to govtTechnology can change the world, it all is often said. And the lives of the country's 1.5 crore farm families, who tend to be shorn...Chattogram should adopt tech for a good facelift: expertsThe general public and private sectors should work together to transform Chattogram into a smart city by adopting new technologies and innovations, analysts said yesterday.They...Bourses at all times the environment bounce after historic routThe Dhaka bourse witnessed a dead cat bounce yesterday along with global marketplaces though the reason is not the same.DSEX, the premier index, surged 148.26...Govt’s aman purchase hits a recordThe meals procurement office, for the first time since 1996, has bought the highest amount of aman paddy and achieved its target of shopping for...Matarbari to play sponsor to deep seaportThe government is defined to construct a deep seaport at Matarbari in Cox's Bazar to greatly help the country cope with rising volumes of exports...