Archive / Business - 2020
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Bangladesh Bank formally asks banks to create single-digit lending ratesThe Bangladesh Bank yesterday instructed banks to create a maximum 9 % interest rate on all loan products except bank cards, in a move that...Ctg region’s monetary zones to get five jettiesFive jetties and necessary infrastructure will be create in the economical zones in the country's south-eastern part to make sure comfortable and safe movement of...Opening a bank account now easier than everThe central bank yesterday simplified the account opening sort of banks as part of the government's efforts to get persons to come under the formal...A congested Dhaka driving cycle salesBicycle has been the recommended mode of transport for Kazi Rokibul Haque for an excellent few years now.At first the 35-year-old took to the two-wheeler...Relief for GP finally after it pays Tk 1,000crGrameenphone yesterday deposited Tk 1,000 crore to the state coffer according to the Supreme Court's order on Thursday, bringing to a finish its years-long tussle...US, India at odds over trade as Trump heads for face with ModiTrump administration officials on Friday acknowledged that US President Donald Trump's visit to India in a few days will not result in a good limited...Three more garment factories fall prey to sliding exportsThe authorities of Savar-based Raquef Apparels Washing and Packaging Industry, Passion Jeans, and Passion Apparels and Ware announced the closure of their factories on Thursday...Bashundhara builds Bangladesh’s biggest bitumen plantBashundhara Group has create the country's biggest bitumen plant in Keraniganj with an gross annual production capacity of a whopping 9 lakh tonnes for $143.7...FBCCI demands support to bridge over coronavirusThe country's apex trade body yesterday needed policy support from the federal government to greatly help businesses tide over the massive supply disruptions as a...SDGs on inequality decrease, good governance to stay unattainedBangladesh is unlikely to accomplish its sustainable production goals (SDGs) of lowering inequality, fighting climate switch and establishing great governance by 2030, found a report...Relocation of chemical substance factories from Aged Dhaka still uncertainIt took the federal government almost nine years to draft a task for relocating chemical factories and warehouses from Out of date Dhaka's Nimtoli where...Coronavirus outbreak could cost airlines $29.3 billion globallyAirlines worldwide stand to lose a combined $29.3 billion of income this year amidst the ongoing coronavirus crisis, the International Air Transfer Association (IATA) said...Time women’s unpaid do the job is given formal reputation and respectThe government will take measures to discover the unaccounted work of women in the upcoming budget session for fiscal 2020-21, said Finance Minister AHM Mustafa...Steel makers feel the pinch of a subdued private sectorAll but among the listed rod makers' profits dropped in the first half of the current financial year on the trunk of lower sales volume...TCB to procure 55,000 tonnes of sugar, soybean oil for RamadanThe federal government will purchase 25,000 tonnes of sugar and 30,000 tonnes of soybean oil from the local market to meet up the growing demand...Govt may revisit decision: KamalThe government will revisit your choice of bringing down interest rates on postal savings, considering its effect on small and marginal savers, Finance Minister AHM...Govt’s insatiable appetite for bank fundsPoor income collection has forced the government to exceed its total annual borrowing limit from banking sources seven and half of a months in to...Four projects to assist neighbouring transits, business hubs get nodThe government yesterday approved four projects costing Tk 9,454 crore for facilitating transit of goods from India, Bhutan and Nepal, establishing internal business hubs and...Japanese firms most optimistic of their prospects on Bangladesh out of AsiaBangladesh is the top decision for Japanese companies wanting to expand business found in Asia and Oceania within the next several years due to its...Agent banking: the shiny spot in lending landscapeAgent banking, which uses banking solutions to the unbanked persons, is certainly going from strength to strength, with both deposit collection and mortgage loan disbursement...No end to GP and NBR’s disputesGrameenphone has been refraining from paying value-added taxes (VAT) on rentals of Bangladesh Railways' optical fibre since March 2018 as it is not appearing furnished...StanChart betting big on Shariah-based bankingStandard Chartered is bullish about the fortunes of its Islamic banking business, Saadiq, in the united states, seeing the religious bent of the Bangladeshis and...Bangladesh priciest in South AsiaNew York-based CEOWORLD magazine has billed Bangladesh as the utmost expensive country to live in South Asia and Pakistan the most affordable one in the...FTA with Nepal in the ultimate stageBangladesh is near to signing a free of charge trade agreement (FTA) with Nepal, said Commerce Minister Tipu Munshi yesterday."We've reached a consensus with Nepal,"...China’s envoy now apprehends delays in mega projectsThe Chinese ambassador to Bangladesh has truly gone back on his assurance from five days ago that Bangladesh's mega projects involving Chinese nationals wouldn't normally...Interest cuts for postal savings accounts onlyThe government has cut the interest rate for postal savings accounts and kept the existing rates unchanged for national savings certificates, clarified the finance ministry...Soaring post office deposits to come crashing downSavings accounts in post offices saw soaring deposits in recent years thanks to high interest rates offered by the federal government to tempt persons in...Trump threatens intelligence block over Huawei: US diplomatThe United States' ambassador to Germany said Sunday that President Donald Trump had threatened to take off intelligence-sharing with countries that handled Chinese tech firm...Onion acreage blows up to new highOnion acreage has truly gone skyward this season as farmers have raised their game buoyed by high prices that resulted from a supply crunch due...Amazon, Flipkart challenge new Indian tax on online sellersAmazon and Walmart's Flipkart are among trusted online retailers demanding that India scale back a proposed tax on third-party sellers on the platforms, saying the...EU launches anti-dumping investigation on China aluminium productsThe European Commission has opened a study into whether China is dumping aluminium extrusions, products trusted in transport, construction and electronics, in europe, it said...ICMAB elects top brass for 2020The Institute of Cost and Management Accountants of Bangladesh (ICMAB) has elected its top management for 2020. Md Jasim Uddin Akond, comptroller of the Bangladesh University...Int’l incoming call rate slashed 66pcThe government has slashed the international incoming voice call rate by 65.71 % to $0.006 per minute when confronted with shrinking earnings from the sector...Bank deposits now largely fetching 6pc interestNearly all banks have previously implemented the 6 % interest rate on their fixed deposit schemes (FDR) as part of their preparation to supply loans...Apparel made out of US cotton should face no dutyGarment products made out of cotton produced from the united states ought to be provided duty-free usage of the American market, said Foreign Minister AK...Saudi Arabia promises to be a big investorSaudi Arabia will soon come bearing big investments as its relations with Bangladesh hasn't been better, said officials of both countries.It is an encouraging development...A lot of alternatives to China for garlic, gingerBangladesh could import garlic from Malaysia and Egypt as an alternative to China, where in fact the outbreak of a lethal, pneumonia-like virus named coronavirus...Robi launches VoLTE for better servicesRobi yesterday introduced voice over long term evolution (VoLTE) technology to provide the 4G users of the telecom operator with enhanced audio, better data usage...Why is tax-GDP ratio so low in Bangladesh?Tax compliance means registration of a taxpayer within the system, timely filing of tax returns, completion of accurate reporting and payment of taxes on time....Saudi Arabia to help build skilled workforceThe Kingdom of Saudi Arabia is curious about establishing a training institute in Bangladesh to assist create more skilled workforce for recruitment to the center...Coronavirus sets int’l expos on holdAbout seven large-scale international expositions and corporate conferences to be held in Bangladesh have already been postponed following a coronavirus outbreak in China, denying organisers...Revenue shortfall can’t give up stretchingRevenue shortfall against the mark, which is a basic occurrence nowadays, is getting wider seeing that the fiscal yr nears its end, very much to...Bangladesh Bank braced for tighter grasp on private banksThe rot starts at the very top, it is often said. In fact it is this pandemic that the central bank is looking to tackle...Ecnec pours cold water on Teletalk’s plansTeletalk, it often seems, is overindulged.But what transpired at the Executive Committee of the National Economic Council (Ecnec) yesterday suggests a break from custom: the...Meera Agro’s listing hits a snagIn a strange turn of event, Pinaki & Company, one among the oldest auditor in Bangladesh, sent out a denial that it had audited the...US-Bangla eyeing to form Sylhet more accessibleUS-Bangla Airlines, the most important local private airline in terms of fleet size, plans to open new routes for Bangladesh’s domestic travellers, especially to and...Cambodia garments, possibly losing EU trade position, now hit by coronavirusAt least four textile factories in Cambodia may suspend operations because of delays to the way to obtain raw materials from China due to the...National skills contest starts to encourage youthsThe National Skills Development Authority (NSDA), beneath the Prime Minister’s Office (PMO), launched ‘National Skills Competition’ across the country to facilitate development and enhancement of...Uber and Lyft take different roads in search of profitUber Technologies Inc and Lyft Inc, the two leading US ride-hailing companies, are on divergent paths as Uber pours money into money-losing side businesses while...SoftExpo: a platform for the promising?Given the current Awami League government’s pipe dream to create a Digital Bangladesh by 2021, it is no surprise then that the state has invested...