Archive / Business - 2020
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HSBC is found in choppy waters globally. But its Bangladesh procedure is cruisingHSBC Bangladesh's income soared 16 % last time on the trunk of higher interest money although its mother or father company's takings tumbled."This is another...Loan write-offs sink to a good five-year lowLoans written-off by banking institutions plunged to a good five-year lower in 2019 as loan providers recommended relaxed rescheduling facility provided by the central lender...Stocks and shares crater on coronavirus fearsDhaka STOCK MARKET saw its biggest single-working day fall since its inception in 2013 yesterday, simply a day time after Bangladesh confirmed three situations of...Yarn prices soar seeing that virus fear triggers panic buyingPrices of yarn marked a good sharp rise found in the domestic market during the last a month as the coronavirus fear has triggered panic...Sakhipur eel farmers area in warm water for coronavirusEel export from Sakhipur has come to a halt due to the outbreak of coronavirus in China, which consumes around 90 per cent of the...Rustle up an actions plan for coronavirusThe government should draft an action intend to counter the impact of the raging coronavirus on the neighborhood economy and trade and commerce, said businesspeople...NBR toughens through to power plantsThe National Plank of Earnings (NBR) has tightened the rules regarding duty-free import power plant equipment in a bid to curb abuse of the privilege...Munshi remains to be optimistic amid coronavirus falloutBangladesh will face key issues if coronavirus drags on while the local business network, especially those from the garment sector, is dependent on Chinese fabrics...Multi-brand retail outlet concept lifting up feminine entrepreneursIt has been a lot more than 8 weeks since Evana Nasrin has opened an store named Mokam in a good shopping centre in Dhanmondi.The...StanChart celebrates success reports of womenRegular Chartered Bangladesh recently organised a read-aloud for its staff members and their children on a bid to celebrate the incredible stories of some Bangladeshi...Interest caps poised to shrink National Board of Revenue's collectionsThe state coffer's receipts from the banking sector, which makes up about about one-third of the National Board of Revenue's Large Taxpayers Unit's collections, tend...Coronavirus stands to clean $3b off Bangladesh economyBangladesh's gross domestic product may contract by while much as 1.1 per cent in the hypothetical worst-case situation of a significant outbreak of coronavirus in...Prepare designed for shocks to operate a vehicle economic growthBangladesh should build on its astounding financial and development achievements instead of getting complacent if it must weather condition off any sudden shocks, said a...LafargeHolcim continues to prize shareholdersLafargeHolcim Bangladesh declared 10 % income dividend for 2019, which is equivalent to in the last four years, as the cement maker continues to hold...Gamblers having field working day with off color Central Pharma stocksStocks of Central Pharmaceuticals almost doubled within the last 1 month even though its production of handful of drugs have been on pause within the...Bangladesh hopeful of GSP amid All of US nonchalanceBangladesh continues to stay hopeful of the revival of its Generalised System of Preferences (GSP) position in america market although the viewing officials of america...Capital flight through trade mis-invoicing staggeringly highBangladesh lost an astounding $7.53 billion on the average between 2008 and 2017 to trade mis-invoicing during its foreign commerce using its 135 trading partners,...Ibn Sina Pharma to create backward linkageIbn Sina Pharmaceuticals is defined to purchase a polymer manufacturing facility that would primarily supply pet bottles, bottle caps and other pharma-related plastic products to...Paramount Insurance announces cash dividend after 3 yearsParamount Insurance's stock price a lot more than doubled within the last twelve months but its lower dividend disheartened stock investors.The insurer, which got listed...ISPs await fresh guidelinesThe federal government will soon revise guidelines for internet companies and bring down licensing categories in a bid to streamline broadband online business in the...Bank Asia to create receiving remittance less complicated than everBank Asia has think of a novel approach to generate remittance within its work to get migrant employees to send money home through the state...Bangladesh to demand GSP reinstatement at TICFA meetingBangladesh will once more urge the US government to reinstate the generalised program of tastes (GSP) for different export products in the upcoming TICFA assembly,...Norway wants amicable remedy to GP’s issuesNorway wants an instant and amicable solution to the issues the country's leading mobile operator Grameenphone is facing in running its functions, said a high...Meals inflation tumbles to 42-month low in FebruaryFoodstuff inflation fell to a good 42-month low of 4.97 per cent in February, helped by easing off pressures on some items such as rice...NBFIs talk with Kamal, seek supportFinance Minister AHM Mustafa Kamal yesterday said the federal government would extend support to the country's 34 non-bank financial institutions to be able to mitigate...Formulate policy to cut reliance on foreign experts, workersEconomists yesterday suggested the government formulate policies on creating skilled workforce for different sectors to lessen the huge sum of money being drained out of...India finally lifts onion export banIndia finally issued a notification yesterday announcing the lifting of a five-month-old ban on onion export with effect from March 15.The move will probably cut...Robi files for IPO finallyRobi yesterday handed in its application to the Bangladesh Securities and Exchange Commission for the operator's listing on the country's twin bourses, as the long-awaited...Development community must support graduating LDCsThe international development community has to devise a couple of support measures for minimal developed countries as a way to ensure their smooth and sustainable...ACI swims against the tide, enters shrimp export marketACI Agrolink, a subsidiary of Advanced Chemical Industries (ACI), has set foot in shrimp processing to produce a breakthrough in the global seafood market and...Would the monetary policy be useful after 9pc interest?The big question on economists' mind is, how will the 9 per cent ceiling on bank lending rates impact the conduct of monetary policy?Currently, the...Walton’s smartphones, ACs set sail for US and IndiaWalton yesterday kicked off exports of air conditioner and smartphones to India and the US respectively, in a development that can be viewed as just...Walton creates Bangladesh’s first lift manufacturing facilityLocal electronics giant Walton is defined to flag off the country's first lift manufacturing facility, in a display of Bangladesh's growing professional prowess.The plant established...From catkin field to the model monetary zoneThe Meghna Industrial Economic Zone (MIEZ) located beside the Dhaka-Chattogram highway was only a catkin field five years back but it has since turned into...Dismal foreign aid use against ambitious targetsThe civil aviation and tourism ministry is probably the major recipients of development budget this fiscal year. But, it were able to spend a paltry...Dhaka Bank to provide customer support through WhatsAppWhatsApp has become a non-negotiable the main modern life. Which explains why banks in lots of countries have embraced it to deliver their customer support...Meghna’s intend to invest Tk 4,000cr ready to use itMeghna Band of Industries (MGI), a leading Bangladeshi business group, is defined to flag off nine professional units at its economical zone in Narayanganj tomorrow...More bad news for Ring Shine investorsThe news headlines of offloading of shares by an integral sponsor of Ring Shine Textile yesterday, in a matter of two and a half months...Serial bank scamsters’ days could possibly be numberedScamsters' errant ways might soon be checked given a database the central bank is preparing.Banks, non-bank financial institutions and mobile financial providers will input information...Social media giants will get VAT registration soonThe National Board of Revenue plans to permit global social media giants to secure direct VAT registration without opening local offices within its move to...Financial statement fabrication a major influence on market volatilityFabricated financial statements is one of the key causes behind the volatility of Bangladesh's currency markets, according to industry analysts.When an analyst or potential investor...Old interest levels on postal savings from Mar 17The federal government yesterday walked back on its decision to slash the interest levels on ordinary and fixed deposits in POSTOFFICE Savings Bank, with the...Coronavirus fears grip Dhaka bourse tooAll over the globe stocks have already been on slide in recent days as economic costs of the coronavirus pandemic have started to spook investors....ILFSL swindlers barred from travelling abroad by SCThe Supreme Court yesterday upheld a higher Court order that banned 20 people, including much-talked Proshanta Kumar Halder, from leaving the united states for allegedly...GSK Bangladesh ricochets to profitsGlaxoSmithKline Bangladesh bounced back to profitability last year because of streamlining its business the prior year.The British multinational shuttered its 60-year-old pharmaceuticals business in Bangladesh...SC questions BB findings on embezzlement at International LeasingThe Supreme Court yesterday raised questions about the Bangladesh Bank's findings in to the embezzlement of funds from International Leasing and Financial Services (ILFS), a...Embezzlement at leasing firm: SC upholds order to freeze bank accounts of 20 peopleThe Supreme Court today upheld a higher Court order that asked the government to seize bank accounts and passports of 20 persons of International Leasing...Grameenphone’s mini victory against telecom watchdogThe Supreme Court yesterday directed Grameenphone to pay another Tk 1,000 crore to the Bangladesh Telecommunication Regulatory Commission (BTRC) next 90 days, in a development...Beximco Pharma to market global drug maker Mylan’s productsGeneric drug manufacturer Beximco Pharmaceuticals yesterday penned a deal to start the sale of medication for cancer, arthritis rheumatoid and other diseases created by US-based...Imports from China tumble 21pc for coronavirusImports from China slumped 21 per cent year-on-year in volume in the one and a half months to February 15 amid supply disruption due to...