Archive / Business - 2020
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Anxiety symptoms increased through the pandemic, Google Trends showNew research found that in the usa, Google searches for ‘worry,’ ‘anxiety,’ and therapeutic ways to manage worry and anxiety have increased through the pandemic.The...Only one 1 in 1,960 small companies got soft loans from govt’s revamp fundsOnly a single firm out of just one 1,960 pandemic-hit cottage, micro and small enterprises mainly in the light engineering sector has received the soft...Small paint manufacturers need easy loans for survivalThe coronavirus outbreak wreaked havoc on the paint industry at the same time when it had been reeling from a slowdown in the housing and...Entrepreneurship support fund awaits a boostThe central bank has amended its entrepreneurship support fund (ESF) guidelines for food-processing, agriculture and ICT sectors to create them more entrepreneur-friendly.Yesterday it published a...Tax collection rebounds in AugustRevenue collection rebounded in August after remaining downbeat for four months since April, because of recovery running a business and economical activities that buoyed overall...Consumer electronics companies predict grim outlook for 2020The home electronics sector is suffering from a landslide in demand with the sales more likely to stay below 70 % of total annual target...Online platform to hook up garment buyers, sellersAn area online platform for trading garment items was launched yesterday to help international suppliers and retailers meet exporters directly and facilitate verification of work...Wheat imports rise 116pc in six yearsWheat consumption in Bangladesh has a lot more than doubled in the past six years for changing food habits, increasing demand and exports of bakery...Huge potential is based on electronic procurementDespite some loopholes, the implementation of an electronic system for public procurement, replacing paper-based lengthy process, has been a boon for Bangladesh as it is...Contracts signed with Japanese organizations for Matarbari port projectBangladesh yesterday signed two agreements with the joint ventures led by two Japanese organizations to appoint consultants for the engineering and consultancy services for the...Road master intend to state status, needs: KamalThe government has made a decision to draft a master anticipate roads to take stock of the current network and discover future requirements, said Finance...Banks’ zeal for govt debt instruments decreasing interest rateThe yield on government treasury bills and bonds continued to keep a steep decline lately as lenders continued a relentless quest for the federal government...Facebook starts paying VATThe National Board of Revenue's (NBR) efforts to create Facebook fall consistent with local regulations have started to pay back as the global social media...Bangladesh should aim to join AseanBangladesh must join the Association of Southeast Asian Nations (Asean) as a way to boost the country's trade as this single market can be the...Onion prices drop in CtgOnions became Tk 20-25 cheaper per kilogramme (kg) in the last three times thanks to declining prices in the Khatunganj low cost hub and increased...Three local banks’ names turn out in suspicious cross-border transactionsThree Bangladeshi banks were allegedly involved with suspicious cross-border transactions between 2014 and 2016, regarding to a written report released by the International Consortium of...Planning ministry against keeping back low-priority projectsThe look ministry has expressed dissatisfaction over a decision to put up carry implementation of low-priority projects."It could delay the implementation of the assignments and...Stocks nosedive for third straight dayStocks in the premier bourse witnessed a drop for the third consecutive day carrying out a steady rise for over weekly.DSEX, the benchmark index of...Don’t impose duty on raw jute exportsThe Bangladesh Jute Association (BJA) yesterday urged the federal government never to impose any duty on raw jute exports as the united states currently includes...BB eases payment rules to improve onion importThe central bank yesterday allowed onion importers to open letters of credit utilizing the 90-day deferred payment tool within efforts to help them import the...Nine apparel exporters in a tight spot as German retailer yet to clear duesNine small and medium-sized garment factories are in big trouble as a German retailer isn't paying them on the pretext to be hit by the...TCB onion now available onlineWhile facing an uphill battle to tame the skyrocketing price of onion at local markets, the federal government has put its faith in e-commerce to...Bank Asia arranges Tk 700cr for cement plant of BashundharaWhile an unhealthy competition plagues Bangladesh's cement sector for its 43 % overcapacity, Bashundhara Group has gone to look beyond borders for opportunities. It found...HSBC HK shares drop to lowest since 1995, StanChart falls after 'FinCEN' leak-- HSBC shares in Hong Kong down up to 4.4%-- StanChart down up to 3.8%-- Falls follow reports on movements of allegedly illicit fundsHSBC and...Deadline extended for disbursing stimulus money for farm sectorBangladesh Bank yesterday extended the deadline to disburse the Tk 5,000-crore stimulus package for entrepreneurs found in the farm sector by 90 days following lacklustre...17 may lose directorship for failing woefully to hold minimum sharesBangladesh Securities and Exchange Commission (BSEC) has decided to remove the directors who still do not hold at least 2 per cent shares of their...Barishal potter innovates Tk 1 single-use clay cupAmid the ongoing coronavirus pandemic, drinking from communal cups at traditional tea stalls and so on is recognized as a potential threat of infection. However,...Dyeing mills time for lifeThe local dyeing industry has begun recovering slowly from losses as garment work orders began to pick up because of the reopening of shops in...Govt seriously interested in offloading shares of state banks: KamalThe government hasn't discarded its intend to offload shares of several state-run banks, said Finance Minister AHM Mustafa Kamal."We are seriously thinking about it. We...Novo Nordisk launches world’s fastest acting insulin in BangladeshDanish pharma huge Novo Nordisk yesterday launched the world's speediest acting insulin on the Bangladesh market as the number of diabetic patients on the country...Credit growth rises in spite of pandemicBanks managed to post 8.95 % credit growth in the last fiscal year despite a steep fall running a business within the last quarter owing...Onions retail at a number of times the import priceThe Khulna-based Sundarban Business received a consignment of 157 tonnes of onion at Bhomra territory port on 14 September. It originated from AA Business of...India to allow 25k-tonne onion export to Bangladesh on particular considerationThe Indian government will probably grant its authorities a special permission to export 25,000 tonnes of onion to Bangladesh.Diplomatic sources said your choice may very...Cabinet okays intend to create first waste-based power plantThe federal government yesterday gave its nod to a proposal to create the country's first ever waste-based power plant.The state-run Bangladesh Ability Development Board now...ADP spending dips in AugustDevelopment expenditure dropped 10.18 per cent year-on-year to Tk 5,097.79 crore in August as activities are yet to get due to the lingering coronavirus pandemic.August's...Pran-RFL to create Tk 153cr plant on Adamjee EPZ to create PPE, toysBanga Plastic International, a sister concern of Pran-RFL Group, ideas to establish a personal protective gear (PPE) and gadget manufacturing plant at a price of...Cards triumph amid pandemicDebit cards users transacted an archive Tk 18,123.6 crore in July because they chosen the digital money over cash to keep carefully the coronavirus at...India's onion export ban: farmers’ unrest in Maharashtra as prices declineThe Indian government's proceed to ban the export of onion has sparked a farmers' unrest in Maharashtra while practically a huge selection of trucks carrying...Recovering bad loans is top priority: new BASIC Bank chairNo stone will be left unturned to recover the Tk 7,689 crore default loans and persons mixed up in scams will be exposed, said the...DHL stays open throughout pandemic keeping Bangladesh connectedBangladesh was virtually cut off from all of those other world when it again suspended all professional flights in overdue March when confronted with the...An agonising await Rupali Bank’s officer post hopefuls Students these days can finish their undergraduate-level education at general public universities in Bangladesh in four years however, many of them may have to wait...Bangladesh to export 1,475 tonnes of hilsa to India for Durga PujaThe government has made a decision to send 1,475 tonnes of hilsa fish to India as a gesture of goodwill on the occasion of Durga...Nearly 1,500 opportunities offered on precision engineering sector under SGUnited programme: MOMPractically 1,500 jobs, traineeships, attachments and training opportunities have been made available simply by a lot more than 270 precision engineering organizations beneath the SGUnited...Country must import six lakh tonnes of onionThe country has a stock of 5.25 lakh tonnes of locally grown onion and it'll need six lakh tonnes more to meet up domestic requirements...Interior design brand KC aims to go globalCreativity calls for courage, according to Henri Matisse, a good famous French artist from the 1800s known for both his make use of colour and...Import ban on used vehicles to leave the marketplace unevenThe government's intend to impose a ban on the import of reconditioned vehicles to promote local developing and assembling will generate an imbalance in the...BJMC sells jute sacks at less than official rateQuestions have arisen above Bangladesh Jute Mills Corporation's (BJMC) decision to market 100,000 bales of jute sacks at a cost lower than the state rate...Agent banking in a rollTotal deposits with agent banking accounts doubled in July compared to the same period a year ago as increasingly more persons are keeping faith with...Earliest woman appointed boss of a Wall structure Street bankCitigroup has named a woman to be it has the new chief executive in an initial for a Wall Road bank.Briton Jane Fraser, its recent...Automakers look for delays, exemptions to India’s planned new guidelines for partsForeign automakers would like delays and exemptions to India's planned new top quality rules for imported auto parts, arguing the regulations will increase costs, hurt...