Archive / Business - 2020
News Category
-
Survive and thrive in the post-pandemic period digital transformationThe ongoing pandemic has brought us one of the primary crises we have ever faced in conditions of health insurance and safety, employment and the...What the energy sector budget should look like during a pandemicThe cover fiscal 2020-21 is reported to be the most challenging financial bills in Bangladesh's recent history.The serious fiscal constraints faced with the government as...Sunlife Insurance holding on to dear lifeWhile others have already been gradually drawing in new clients, one insurer has been showcasing a dismal performance to this extent that its gross premium...May be the $41b export target a mountain too high amid pandemic?Aiming high is always a welcome attribute. But, sometimes, in its quest, one ends up setting targets so high that it just appears hopeless.And looking...Shops now pinning all hopes on Eid-ul-AzhaIt has been 8 weeks since shops have already been keeping their doors open to greet shoppers and register some sales.But the earnings stream was...GP profit slips amid Covid-19 falloutsGrameenphone's net profit tumbled 23.87 per cent year-on-year in the next quarter of 2020 as a result of the ongoing Covid-19 crisis.The largest cellular phone...Kabir reappointed BB governor after much adoThe federal government yesterday finally reappointed Fazle Kabir as the governor of the central bank for just two more years since it looks for a...Acquire skills while in the home during pandemicTechnological adaptability, skills on new technologies and a good attitude ought to be the key focus areas for preparation for the work market in the...98.6pc poor severely influenced by Covid-19The Covid-19 pandemic has severely damaged 98.6 per cent of the poor, who've seen a decline in income, lack of jobs, the closing of shops...Star’s initiative to reassure jittery youths in pandemic worldThe Daily Star is set to host the Youth Skills Summit today on the World Youth Skills Day, to explore methods to harness Bangladesh's enviable...Farm mechanisation gets a huge push from govtThe federal government yesterday approved a Tk 3,020 crore project -- the largest ever scheme for farm sector -- to supply price support to farmers...Decent development spending amid extenuating circumstancesSometimes, one just needs to resign to reality.Bangladesh's development expenditure fell to a 27-year lower in the just-concluded fiscal year.But, unlike in previous years, a...Pandemic delays minimal wage for tea, jute mill workersThe wait for employees of several sectors, including personal jute mills and tea gardens, for latest wages has gotten much longer as the fixation of...Combined quarter for the pharma sectorPharmaceutical companies in Bangladesh witnessed a slump on profits through the third quarter (January-March) of fiscal 2019-20 following lowered sales of prescription medicine amid the...Digital financial inclusion may help economic recoveryBangladesh has embraced a broad range of financial inclusion since 2010 by allowing a huge population to open a merchant account with a short deposit...Rouf Chowdhury continues mainly because Bank Asia chairmanEminent industrialist A Rouf Chowdhury has been re-elected as chairman of Lender Asia, in what may very well be an extraordinary vote of confidence in...Drugmakers fuel Dhaka stocks’ momentumDhaka shares yesterday maintained previous week's gaining momentum riding on the soaring demand for shares of drug manufacturers amid the Covid-19 pandemic.The DSEX, the benchmark...AB Bank asks above 100 employees to resignAB Lender has asked more than 100 of its personnel to resign within its work to restructure operations.The control of the first-generation bank said unqualified...Walton compressors reach Turkish marketWalton has expanded its export basket further seeing as the local consumer electronics giant started shipments of manufactured in Bangladesh compressors for refrigerators and air...Pharma firms count their blessings as exports riseBangladesh's pharmaceutical industry were able to grow it is exports found in the just-concluded fiscal time on the trunk of a reliable demand for medicines...Engage micro lenders to disburse stimulus loans among SMEs: SanemMicrofinance institutions should be involved with fund disbursements from the government's stimulus bundle to small and channel enterprises (SMEs) to ensure that those companies have...EBL to provide Bangla QR paymentsEastern Bank Ltd might introduce an interoperable quick response (QR) payment program using mVisa platform found in August so as to expedite the expansion of...Stimulus packages fall flat for execution delays: ex-DCCI presidentsThe government-announced stimulus packages failed to serve their purpose, which was to swiftly rejuvenate economic activities and protect jobs of millions, due to delays in...Rice imports drop to four-decade lowBangladesh's rice imports fell to a good nearly 40-year lower in the fiscal year 2019-20 because of farmers' endeavour to improve the yields of the...In recovery mode, technology will build resilient bankingThis season saw an unprecedented and drastic transition in the banking sector.In Bangladesh also, the banking industry has been heavily disrupted by prevailing business challenges.With...Firms asked to eliminate anomalies found in accounting of forfeited provident fundsThe Financial Reporting Council (FRC) has unearthed gross irregularities in the accounting of the forfeited amount of provident funds of public interest entities.A worker may...To spend less, govt suspends investing in vehicles for 2020The government has made a decision not to acquire new vehicles under all operating and creation expenses for the others of 2020 within its austerity...Promising Asian marketplaces could revive export income, say analystsThe promising growth in export earnings seen at three Asian marketplaces through the previous fiscal year has come to a halt following coronavirus outbreak.Exports to...Bangladesh lags behind Asia Pacific peers in telecom services: GSMAIn the digital age, Bangladesh's mobile telecom markets continues to be dominated by the next generation (2G) services while scenarios in other Asia Pacific countries...Garment work orders coming back slowlyWith the reopening of outlets of key clothing merchants and brands in the EU and US, the inflow of work orders at local garment factories...Two-thirds of poor households yet to get Tk 2,500 income supportAn astounding two-thirds of the 50 lakh poor households hit hard by the coronavirus pandemic are but to receive Tk 2,500 each in cash support...Stocks soar on shopping for spreeStocks surged yesterday on the trunk of a investing in spree from retail traders.The DSEX, the benchmark index of Dhaka STOCK MARKET, soared 32.83 points,...Work on Indian economical zone to finally get off the ground soonBangladesh Economic Zones Authority (Beza) is ready to start site development for an India Particular Economic Zone (ISEZ), where vast amounts of dollars in purchase...Uber comes to housebound metropolis dwellers’ rescue since it brings in car rentalsMaking your way around Dhaka city, these days, has become tiny plight for many who were reliant on the chauffeurs to drive them around.For fear...Shift emphasis to Asia to improve exportsIn addition to the traditional markets like Europe and the united states, Bangladesh should focus even more on the Asian marketplaces to revive export earnings...Wage growth pitches to five-year lowWage growth slowed to a five-year lower in the just-concluded fiscal time driven by the salary loss in the developing and services sectors while the...Dhaka Lender shapeshifting with pandemicWhen nearly all banks are struggling to survive from the ongoing financial meltdown due to the coronavirus pandemic, Dhaka Bank has introduced a novel banking...Inflation overshoots focus on last fiscal yearInflation ended the just-concluded fiscal year in 5.65 %, slightly overshooting the government's target of 5.5 per cent, owing to the dragging supply chain disruption...Remodel business plans to regenerate exports: expertsWith a slump popular for commodities among the Western consumers, Bangladesh needs to remodel its business strategies to regenerate exports in enough time of Covid-19,...Motorcycle sellers can’t believe their fortune seeing that pandemic ramps up salesWhen Bangladesh reported its earliest confirmed circumstance of Covid-19 an infection in early on March, Saleh Mohammed Shuhel, the proprietor B. Baria Motors that sells...You will have rebound of apparel shipment to US. Nonetheless it will be gradual and steadyBangladesh's garment exporters expect a good slow rebound of shipment to the united states market, the country's solitary largest export destination, this year as American...Govt to set up company to salvage soured loansThe federal government now plans to create a state-run corporation to get and trade distressed loans off banks within its efforts to completely clean up...Banks in Bangladesh have got the cheapest capital base found in South AsiaThe capital base of Bangladesh's banking sector is much weaker than in peer countries -- a predicament that not merely highlights its frailty but also...Bangladesh-based SOLshare closes $1.1m financing roundBangladesh-based SOLshare has closed a $1.1 million financing round and the off-grid solar technology marketplace firm use the fund to deliver smart solar micro-grids to...Online cattle sales poised to level up for pandemic this EidAs coronavirus pushes shopping online, e-commerce and f-commerce platforms are betting big on selling cattle digitally for the upcoming Eid-ul-Azha to get a slice of...Jute farmers begin harvest with wind out of their sails after BJMC’s shutteringFarmers are set to start harvesting jute by the end of this month and for the first time since Bangladesh's independence, none of the natural...Stated banks bleed in H1. But the market isn't too fussedMost banks' operating revenue declined 20 to 30 % in the first 50 % of 2020 as a result of the paralysed economy but the...Pandemic downs garment shipments to a decade-lowThe unprecedented coronavirus pandemic has put a scar in apparel shipments as earnings from the country's main export item in the recent past fiscal year...Biman to get started on Dhaka-Toronto direct trip from OctoberBiman Bangladesh Airlines is definitely all set to get started on operating immediate flights from Dhaka to Toronto and from there to New York by...Pandemic was likely to quash remittance. But inflows struck an all-time highRecently, remittance has turned into a pillar of strength for the Bangladesh economy. Hence when the global coronavirus pandemic hit, all eyes had been on...