Archive / Business - 2020
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Bumpy ride for tyre sellersEverything was going good for the automotive tyre industry, as the amount of vehicles was first spiralling keeping rate with the growing overall economy of...One-4th of taxpayers filed returns up to nowJust one-fourth greater than 50 lakh registered taxpayers in the united states filed their annual tax returns by the finish of last week.However the National...Towards a more conducive tax program: reform strategies and prioritiesThe Covid-19 pandemic has laid bare around the globe the necessity to strengthen domestic income mobilisation systems of countries, particularly in producing nations. Given the...BKB, Rakub asked to lessen default loans, raise capital baseBangladesh Lender yesterday asked two specialised banking institutions to strengthen their financial health by bringing down default loans and boosting capital basic.Bangladesh Krishi Bank (BKB)...South Korea to supply $50m in budget supportSouth Korea has decided to provide $50 million in funds support to Bangladesh to greatly help the country continue its fight the coronavirus pandemic.In June,...Higher GDP growth fails to result in lower NPL: BIBMAn increase in the gross domestic item (GDP) reduces non-performing loans on advanced economies, but it has very little such effect on the awful loans...Biden to name Yellen as treasury secretary to lead US from sharp financial fallPresident-elect Joe Biden is likely to nominate former Government Reserve Seat Janet Yellen as US Treasury secretary, breaking a good 231-year gender barrier and positioning...Adaptability is the key to successBusiness students' must-read book "Principles of Marketing: A South Asian Point of view" by advertising legend Philip Kotler cited a great immensely successful notion of...Pick assignments cautiously to save lots of fund for coronavirus jabPrimary Minister Sheikh Hasina has directed ministries to attempt new projects cautiously in order to avoid unnecessary consumer expenditure as the federal government will have...SMEs with usage of finance double employee numbers since inceptionSmall and medium businesses with access to finance have improved the staff size by a lot more than 100 % from their beginning level, playing...Task now to have forward safety progressesBangladesh should continue steadily to have forward the improvement achieved in ensuring place of work safety following a two deadliest back-to-back professional incidents to prevent...Govt to have Tk 101cr job promoting better fodderThe government is likely to approve a Tk 101 crore scheme today to promote cultivation of improved types of grass among dairy and beef cattle...Bangladesh: a tough destination to be a woman entrepreneurBangladesh features bottom-ranked among 58 economies found in the Mastercard Index of Women of all ages Entrepreneurs for 2020, meaning the united states is one...Breather for small borrowersBangladesh Bank yesterday slice the interest rate of a good refinance scheme for the CMSME sector, which is one of the worst-affected sectors through the...Bangladesh loses $703m a good year to taxes abuse by multinationals, individualsBangladesh is losing a lot more than $703 million yearly because of taxes abuses committed by multinational corporations and exclusive people, according to a new...Two latest deputy governors appointedThe federal government yesterday appointed two fresh deputy governors to the central bank.Bangladesh Bank's Executive Director Kazi Sayedur Rahman and Rajshahi Krishi Unnayan Bank's Managing...Cargo handling at Ctg port rises to seven-month great as import picks upBangladesh's global trade pulled itself from the debris left found in the wake of the coronavirus pandemic aided household consumption, taking the quantity of cargoes...EBL’s profits doubleEastern Bank's earnings almost doubled year-on-year found in the July-September quarter despite lower interest salary amid the coronavirus pandemic.Analysis of the one fourth demonstrates the...Second wave starts going for a toll on garment exportJust as Bangladesh's key foreign currency-earning apparel sector had begun recouping from shocks to its exports, another wave of the coronavirus pandemic has started inflicting...Govt alerts banks about cyberattack threatThe federal government has alerted banks about the risk of a cyberattack, instructing them to put in place precautionary measures to avoid hackers from stealing...IFAD Group to create Tk 433cr industrial complex at Bangabandhu Shilpa NagarIFAD Group is keen to get Tk 433.5 crore to create an industrial complicated at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) as it looks...Denim Professional, Green Delta win Environment Economic Forum recognitionDenim Expert Ltd and Green Delta INSURANCE PROVIDER have come up seeing as honourable mentions found in a World Economic Discussion board (WEF) "New Champion"...Superbrands Bangladesh honours 40 prestigious brandsSuperbrands Bangladesh yesterday honoured 40 organisations, including The Daily Superstar, as the utmost prestigious and valuable manufacturer in the united states for 2020-21.The makes include...Girls bearing brunt of Covid-19’s effect on RMG sector: ILOThe impact of Covid-19 on ladies in the garment industry in your community has worsened due to underlying challenges, according to a new report from...Target set for 42pc higher corn productionThe government is looking to produce 42 per cent higher corn at 56.93 lakh tonnes in today's fiscal year to meet up the developing demand...Govt to introduce green factory awardThe government has made a decision to introduce a Green Factory Award to make sure workplace safety for the workers, safeguard the environment from pollution...NRBC: First bank in 12 years to go for IPONRB Commercial Bank is going public to improve Tk 120 crore from the stock market, a move that could help to make it the first...Overpriced bidding puts little investors vulnerable to lossSome rogue institutional investors are jeopardising the way prices are determined for stocks for his or her launch in the currency markets, detrimentally affecting general...In Covid-19 vaccine race, Hungarian village strong takes global roleWithin an unassuming house in rolling hills east of the Hungarian capital, a small family strong is helping oil the wheels of the world's big...Apparel manufacturers demand easing conditions for using duty-free fabricsLocal apparel manufacturers have urged the bond authorities to improve the amount of waste permitted while producing garments from items imported duty no cost less...Govt turns to the international marketplace for riceThe federal government has started buying rice from the international market in its effort to replenish public food stocks and increase its capacity to intervene...Bangladesh gets $256.5m Green Climate FundBangladesh has received $256.5 million from the global Green Environment Fund to market private sector expense through large scale adoption of energy-efficient technologies in the...IPDC Finance definitely not pandemic bluesIPDC Finance logged Tk 50.3 crore in profits for the January-September this year, a 13 percent increase year-on-year, relating to a news release.The country's first...Paramount Textile to buy 80pc stake found in Intraco Solar for Tk 60crParamount Textile is set to get an 80 percent stake in Intraco SOLAR POWERED ENERGY for about Tk 60 crore in a good bid to...Micro businesses can now accept digital paymentsIn a remote portion of the country, a vegetable vendor wakes up early each morning and would go to the nearest local industry where wholesalers...Robi’s IPO subscription commences todayThe biggest initial public offering in Bangladesh's history will make a major step forward today as investors can bid for the shares of Robi-Axiata.The offer...Social Islami Bank now offers digital experienceSocial Islami Bank has moved fast to transform its traditional banking services into digital kinds amidst the ongoing economical hardship due to the coronavirus pandemic,...Listed apparel manufacturers bleed for pandemic-induced demand collapseThe profits of almost all of the outlined apparel companies tumbled in the July-September quarter as a result of collapse popular abroad amid the coronavirus...Bangladesh on the right track to becoming a $6b pharma industry by 2025The pharmaceutical industry of Bangladesh is likely to surpass $6 billion by 2025 with a complete growth of 114 per cent from its 2019 levels,...Govt caps MFS’s cash-out charge for back-up fundsThe federal government decision to distribute the fund under its social back-up programme through mobile financial services will ensure transparency and get more unbanked people...StanChart-Channel I announce 6th edition of Agrow AwardStandard Chartered Bangladesh and Channel I've jointly announced the launch of the sixth edition of Standard Chartered - Channel i Agrow Award to discover the...Bangladesh overlooks RCEP despite risk of competitionBangladesh has not displayed any interest in joining the world's most significant trade deal, Regional Comprehensive Economic Partnership (RCEP) mostly to safeguard its revenue generation...Bad weather, not Covid, to cut rice productionRice production will probably decline by 5,50,000 tonnes in the May-April amount of 2020-21 from this past year therefore of cyclones, heavy rains and repeated...Most NBFIs see a rise in profitsAlmost all of the listed non-bank financial institutions (NBFIs) posted higher profits in the July-September quarter because of the low provisioning regime amid the ongoing...Square Pharma logs higher earningsSquare Pharmaceuticals posted higher earnings in the July-September quarter as the quantity of people seeking healthcare has truly gone up following a dip in turnout...Revenue collection rises in Jul-OctThe National Board of Revenue collected a 1.14 % higher tax of Tk 66,555 crore in the July-October period thanks to increased receipts from tax...Walton posts lower profits in Q1Walton Hi-Tech Industries, among the country's leading electronics producers, yesterday said its profits declined in the first quarter of the ongoing fiscal as consumers continue...No outsiders in board meetings remind Bangladesh BankSome banks now permit outsiders to take part in their board of directors' meetings, a practice that can be viewed as a breach of rules...Daraz’s Singles’ Day bags record 1 lakh orders in first 1 hourDaraz registered a surge in sales during its Singles' Day shopping juggernaut since it received one lakh online orders worth Tk 25 crore in the...Development spending rises to four-month highDevelopment spending rose to a four-month high of Tk 10,151 crore in October as the government accelerated expenditure to revive the economy reeling under the...