Archive / Business - 2020
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Falling plane values, e-commerce surge fuels boom is transforming passenger planes to freightersFrom Air Canada to China's CDB Aviation, airlines and leasing firms are rushing to permanently convert older passenger jets into freighters, betting on a boom...NBR removes tax on wheat importsThe National Panel of Revenue has removed the advance income tax (AIT) on imported wheat after it had been discovered that certain businesses were importing...IPO subscription ought to be sure-shot at sharesEvery original public offering applicant should get shares if they have a minimum secondary market investment of Tk 10,000, said an IPO assessment committee formed...Credit card make use of back again to pre-pandemic levelsSpending through bank cards reached the pre-pandemic amounts in October commensurate with the economic recovery, an indicator that clients will be embracing the plastic funds...Stocks ride on blue-chip, multinationalsThe stock market rose yesterday riding on the blue-chip stocks and multinational companies.The DSEX, the benchmark index of the Dhaka STOCK MARKET (DSE), rose 31...Negotiations for FTA with Asean underwayBangladesh offers formally initiated negotiations with the Association of South-East Asian Nations (Asean) to sign a free trade agreement to take pleasure from greater market...Import, export cost rises as freight rates riseFreight costs have risen in the last few weeks due to the undesireable effects of Covid-19 found on the global shipping sector, pushing the price...Govt floats tender to import 50,000 tonnes riceThe government has floated a tender to get 50,000 tonnes of parboiled rice from international marketplaces to increase stocks and rein in the soaring prices...Two Chinese organizations to invest $28.69mTwo Chinese businesses are set to get around Tk 244 crore, equal to $28.69 million, in Bangladesh for establishing developing units for non-woven personal shielding...Robust infrastructure key to faster digitalisationRobust infrastructure and competent manpower are essential to improve the ongoing digitalisation initiatives taken by the government.Overall digitalisation is happening in Bangladesh at an extremely...Innovation to take entrepreneurship to next levelInnovation, product production and building recruiting will be the key requisites when planning on taking the country's entrepreneurship to the next level.Bangladesh had a great...Revenue collection found in the slow laneRevenue collection grew by 1.18 % year-on-year in the July-November period, reflecting that economical activities have got not recovered fully from the shock of the...Move away from growth delusionDevelopment strategies ought to be redefined moving away from growth-centric delusion to task creation, training and quality health insurance and education to make real improvement,...BB asks banks to keep extra Tk 10,000cr in provisioningBanks will need to set aside an additional amount of around Tk 10,000 crore found in provisioning to absorb shocks due to the ongoing economic...Nepalese billionaire to talk about thoughts at DHL-Star Organization Awards tomorrowBinod Chaudhary, the richest and most successful industrialist found in Nepal, will speak in Bangladesh Organization Awards tomorrow due to the prestigious celebration looks to...In Japan’s old capital, bank turns to local development in test of Suga’s revival driveA lender in a suburb of Osaka is investing in local development and setting a growth target because of its home prefecture, supplying a fresh...Govt to import 50,000 tonnes of riceThe federal government yesterday gave its nod to a proposal to get 50,000 tonnes of parboiled rice from abroad within its effort to augment public...Prime Bank MD resigns days before contract’s expiryThe managing director of Primary Bank has resigned only days and nights before his three-year contract is scheduled to expire, citing that it was for...Maiden wind power project in private sectorThe federal government yesterday approved a proposal to create a 55-megawatt wind power plant in Bagerhat, a move that can provide a much-needed fillip to...Guideline drafted for walkie-talkie, IoT device manufacturingThe telecom regulator has drafted a guideline to provide go-ahead to native firm to maker and assemble devices linked to telecom services.The list of devices...Dutch tech can boost farm output of BangladeshBangladesh needs a large amount of Dutch expense and support of its superior technologies to boost productivity in agriculture, speakers told a good summit yesterday.Half...Multilateral lenders come to the rescue of little enterprisesMultilateral lenders are joining with the federal government to boost financing for micro entrepreneurs so that you can rejuvenate the thousands of pandemic-hit micro and...Closure of Shyampur Sugar leaves stock investors found in the lurchShyampur Sugar Mills recently announced that it could stop sugarcane processing for all of those other current fiscal 12 months, a development which has left...Busy for an ideal bloomFlower areas of Jhenaidah and Jashore districts are actually abuzz with a good flurry of activity set in motion by deadlines to meet the upcoming...Bangladesh scores lower in digital evolution indexAlthough the country's evolution from a physical past to the digital present is gaining momentum even amid the ongoing pandemic, the improvement still lags far...NBR introduces lottery to improve VAT collectionBuying a product right from a store could help win Tk 100,000.Sounds bizarre? Well you do have the chance to win this volume after buying...BGMEA reiterates demand for a fresh round of stimulusGarment companies yesterday reiterated their demand for another circular of stimulus bundle from the government to handle the deep fallouts of the Covid-19."The federal government...DSE important index goes past 5,000 pointsThe benchmark index of the Dhaka bourse went at night level of 5,000 points yesterday after a lot more than two months riding on more...Govt to import 5 lakh tonnes of riceThe federal government may import up to 5 lakh tonnes of rice to replenish the country's depleting food stocks and tame the soaring prices of...Banks have to reserve more funds to absorb shocksBanks must keep aside even more funds in provision than they often maintain to create them well-equipped so that they are able to absorb shocks...Three local firms generate it to Forbes’ best under $1b listThree Bangladeshi companies possess made it to Forbes' set of "Asia's 200 Best Under A Billion".Two of the entities that came up found in the...Mega push for a green Bangabandhu Shilpa NagarThe Bangladesh Economic Zones Authority (Beza) is set to get Tk 4,367 crore on a fresh project aimed at developing a greener Bangabandhu Sheikh Mujib...Drug makers’ earnings bounce back first quarterListed drug manufacturers saw their profits rebound in the first quarter (July-September) of the ongoing fiscal because of an increase in the quantity of healthcare...RCEP trade bloc may push Bangladesh in back footThe China-backed " new world " trade bloc will probably put Bangladesh on the trunk foot after LDC graduation when the united states will eventually...BB appoints administrator at troubled Premier LeasingThe central bank yesterday appointed an administrator at Premier Leasing & Finance Ltd (PLFL) carrying out a court order, the first such maneuver targeted at...Inflation cools off found in NovStandard inflation fell to 5.52 per cent found in November, bucking a rising pattern, driven by a significant drop in food rates, official info showed...Govt shutting six sugar millsBangladesh Sugar and Foodstuff Sectors Corporation (BSFIC) has announced that it would close operations of 6 sugar mills on a bid to lessen losses, a...Submarine Cables’ share soars over plans in 3rd connectionStock rates of Bangladesh Submarine Cables swelled within the last two business days after media broke that Bangladesh was going to be connected with a...BB relaxes guidelines on remittance incentivesThe central bank yesterday relaxed the guidelines of providing cash incentives to the beneficiaries of remittances.To any extent further, banks are allowed to provide funds...Atlas sinking deeper into lossesAtlas Bangladesh, a motorcycle assembler and distributer, has been sinking deeper into losses ever since fiscal 2015-16 when its agreement with Hero Honda found an...Bangladesh’s serious wage suffers steepest plunge in Asia: ILOWorkers found in Bangladesh witnessed the sharpest fall within their real wages amongst their peers found in Asia and the Pacific within the last decade...Workers continue demos for duesNearly 400 personnel of an Italian-owned factory shuttered by simply the pandemic yesterday attempted to lay siege to the labor and employment ministry at the...Remittance hits $2b mark for third straight monthBangladesh has once more gone past the $2-billion mark found in remittance income as migrant workers continued to send house a massive amount for the...‘Our engagement will grow over the board’The US is optimistic about deepening ties with Bangladesh as the country's exports to American marketplaces have preserved a robust growth while investors want to...Vaccine for all: the key to reviving the universe economyThe human civilisation hasn't experienced such a grievous catastrophe within the last 100 years. Both lives and livelihoods happen to be dreadfully impacted due to...DHL Express to get Tk 250cr to expand operationsDHL Exhibit, the world's leading express mail company, will invest Tk 250 crore to create a new service for incoming and outgoing shipments on Bangladesh...Olympic to get Tk 42cr to expand biscuit productionOlympic Industries, a listed supplier and retailer of consumer goods, is set to improve its biscuit creation capacity by more than 10 per cent.The maker...Default loans fall slightly for relaxed rulesDefaulted loans on the banking sector went down slightly in the 3rd quarter this year because of the moratorium on mortgage payments supplied by the...Robi IPO oversubscribed, sees third-highest retail demandInvestors have located bids for Tk 2,226.4 crore of shares in Robi's initial public offering as the mobile phone operator looks to improve a record...Earnings officers protest ‘misbehaviour’ of customs officialRevenue officers and associate officers today protested "misbehaviour" of a senior official of customs and demanded his suspension.Protesters beneath the banner of Bangladesh Customs, Excise...