Archive / Business - 2020
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Banglalink knocked down further by pandemicBanglalink, after the most-spirited operator in the united states but has since fallen behind in competition, is slipping further for the pandemic.The industry's number 3...Companies are becoming more optimistic of a turnaround earlier than laterBusinesses are progressively becoming confident of a comeback from the brutal blow dealt by the global coronavirus pandemic, found a recent survey.Conducted by the South...Govt has think of a solution to the hurdle to higher leather exportsThe government will allow construction of effluent treatment plants (ETPs) by individual tanneries inside Savar Tannery Industrial Estate (STIE) in a bid to expedite the...BSEC includes a grand plan to crack down on junk stocksThe new governing body of the stock market regulator, it appears, is earnest in its efforts to deal with the bourse that has always been...Garment export orders rolling in once moreIt seems garment manufacturers are at last breathing a sigh of relief as work orders for apparel items from international retailers are returning with the...The question hounding banks: how exactly to fix a conundrum like SME loan?In 2001, with a vision to provide banking answers to the 'unbanked' small and medium entrepreneurs, Brac Bank started its journey.The lending company introduced small-ticket...The beautiful fall from grace of Keya Cosmetics, a once beloved brandKeya Cosmetics becomes a textbook case of what sort of high-flying company falls from grace in fits and starts.Even though the manufacturers of hygiene products...Robi now has the greatest 4.5G network in BangladeshRobi has become the first cellular phone operator found in Bangladesh to established a lot more than 11,000 dynamic 4.5G sites, thus setting up the...NBR to create all-out effort to make amnesty to black money successful this timeThe government is set to create an all-out effort from the following month to generate an elevated amount of income from the legalisation of untaxed...Self-sufficiency in cattle thanks to fattening opsFarming sacrificial cattle possesses turned so lucrative that lots of small- and large-level fattening businesses have been set up in the last year or two,...Monetary policy meets the test of timeAs expected, the Bangladesh Lender has announced a great expansionary monetary policy. This expansionary stance has been essential given the existing economic slump and the necessity...What others can study from Bangladesh on building cancer drugs availableWhen it comes to making cancer drugs available, Bangladesh is the perfect role model for a fairytale turnaround.Just six years ago lots of the lifesaving...Pandemic has generated the groundwork to usher on much-needed reformsThe global community is currently undergoing twin crises: the public health crisis due to coronavirus and the monetary shock stemming from the unprecedented public health...‘When will our cash registers begin ringing again?’Sales at retail attire stores in the administrative centre are growing ahead of Eid, albeit at a good snail's pace.Last Eid-ul-Fitr, persons avoided shopping centres."But...Bata Shoe sinks into losses for the very first time in its 58-year stay in BangladeshSneakers giant Bata Shoe offers incurred losses for the very first time in Bangladesh since it missed the country's main shopping time of year after...China to fast-track development of its economical zone in CtgChina has finally made a decision to speed up the production of the dedicated Chinese Economic and Industrial Area (CEIZ) found in Chattogram mainly to...LBC Mass media hoping people’s binge-watching habit amid pandemic would stick toAmong the beneficiaries from this unprecedented spell to be cooped up in the home has been the online media streaming platforms while people all on...Making home ownership viableHome ownership is an instinctive human need but will remain a cherished fantasy for most Bangladeshis as aspirations alone aren't enough to market houses.Home ownership...Reckitt Benckiser revenue off people’s heightened hygiene habits amid pandemicReckitt Benckiser Bangladesh witnessed robust progress in profits found in the pandemic-ravaged first fifty percent of 2020 on the back of higher sales of hygiene...Lower prices for rawhide this EidApprehending a recurrence of keep going year's discarding of rawhides sobre masse during Eid-ul-Azha, the federal government this year lowered its charges for the upcoming...Kamal to return from UK early next monthAt the same time when the economy is going through stormy weather, its captain was missing doing his thing -- an incident that has raised...Lifting private investment will be a tall orderThe government is aiming to lift private investment to GDP ratio to a record 25.3 per cent this fiscal year although the coronavirus-induced uncertainty showed...New leadership at TranscomShahnaz Rahman, the wife lately Latifur Rahman, the legendary founder and longtime chairman and chief executive officer of Transcom, is among the most new chairman...LDC graduation assessment could be delayedBangladesh may continue steadily to receive duty-free rewards on exports to developed and developing countries for longer than expected as the US Centre for Development...To tighten purse strings, software maker moves office to rural backwaterMost companies have been devote harm's way as a result of the ongoing pandemic, but an area software and mobile program developer stands to benefit...Upscale boutiques had a choice: pivot or perhaps perish. Some find the former and survivedIt isn't the strongest or perhaps the most intelligent who'll survive but those that can best manage change, said the most well-known naturist Charles Darwin...Good Group announces car assembly tie-up with HyundaiFair Technology yesterday announced it again has entered into a special partnership with South Korean automotive producer Hyundai Motors to set up an automobile assembly...Govt will head to great lengths for more Japanese investmentThe federal government has assured that potential investors from Japan will get full cooperation in a bid to operate a vehicle up the amount of...Some applying for grants Bangladesh Bank’s next monetary policy statementAnother monetary policy statement (MPS) of the Bangladesh Bank (BB) will be announced at the same time when the economy is in a deep recession,...India tightens bidding regulations for bordering countriesWith an eye predominantly on China, India has amended tips imposing constraints on public procurement from bidders of countries with which it shares land border,...BB announces credit guarantee scheme for small enterprisesThe central bank yesterday made a decision to introduce a credit guarantee scheme for the micro and small enterprises, the to begin its kind in...NBR plans to set up more luggage scanners in portsThe customs authority programs to set up more luggage scanners at all air and terrain ports on a bid to curb smuggling and no cost...Old Dhaka’s small businesses demand speedy disbursement of stimulus fundsBusinesses in Good old Dhaka yesterday demanded speedy disbursement of the government-announced stimulus package for cottage, micro, compact and medium enterprises (CMSMEs).These entities, a large...Int’l collaboration ensures top quality of locally made medical gownsAn area garment maker has started developing medical gowns whose quality has been ensured via an international collaboration of public and private entities.Over 3,000 of...The unhappiest Eid for cattle farmers and tradersThousands of cattle are place to stay unsold this Eid time thanks to coronavirus, which includes eaten up the profit of the country's burgeoning middle-class...Tech systems solving the situation of Qurbani amid pandemicPanic gripped Sultana Ahmed of the capital's Mohakhali DOHS the moment she learnt that live slaughtering and meats processing of cattle was barred in her...Project implementation delays pull PM’s irePrime Minister Sheikh Hasina expressed serious disappointment above delays found in the implementation of creation projects, which are often designed without proper setting up or...The future of financing is here. In fact it is thanks to City Bank and bKashCity Lender and bKash are actually possibly to revolutionising the financing landscape in Bangladesh following the two yesterday announced rolling out digital financing on a...EBL to get $40m from German, Dutch lendersEastern Bank Ltd (EBL) has recently signed a term loan agreement for $40 million with German Investment Corporation - DEG and Netherlands Development Finance Company...Study from Vietnam to offset export shocksBangladesh should have Vietnam's lead how to handle challenges in export as a result of the coronavirus fallout even while attracting more foreign direct investment...Pandemic surprise: Washers sold out all overWhile demand for some kitchen appliances came down through the Covid-19 pandemic holiday since March, sales of washers have skyrocketed to the idea that some...Foreign aid use hops to a new highForeign aid disbursement rose a lot more than 28 % to $8 billion on the just-concluded fiscal year riding about the increased flow of budget...Pandemic puts a damper on Tata pickup projectThe initiative of Tata Motors and Nitol-Niloy Group to assemble the Indian automobile giant's specialised pickups in Bangladesh has hit a roadblock as the progress...Eastern Bank’s profits rise on higher loan recovery, low NPLEastern Bank's profits grew at a handsome rate in 2019 because of an increased recovery from written-off and classified loans, new client acquisition and deeper...Floods damage crops of Tk 350cr up to nowFloods have already damaged crops worth practically Tk 350 crore and so are going to pile up further losses on tens of thousands of farmers,...Govt cuts back on travel expenses to release funds for priority sectorsThe government has truly gone one step further to tighten its belt amid drying up of revenues since it suspended 50 per cent budgetary allocation...Refrigerator retailers brace for dismal sales this Eid tooRefrigerator manufacturers and retailers could witness poor customer turnout this Eid-ul-Azha, a significant Islamic festival that typically makes up about almost half of the industry's...Job creation to be an uphill taskBangladesh would face an enormous challenge in creating jobs due to inadequate domestic financing, global recession, fall in export demand and spooked business confidence, said...Digital platform Shohojoddha to greatly help in battle against Covid-19The ICT division has joined hands with eGeneration to help persons fight the ongoing Covid-19 pandemic by dint of technology.To that end, a national digital...Potato exports on the rebound but remain far below previous peakPotato shipments have rebounded to an extent as earnings from the sector practically doubled in the just-concluded fiscal year because of exporters' efforts to exploit...