Archive / Business - 2021
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Covid propels F-commerce product sales by women entrepreneursFeminine entrepreneurs who conduct their business through Facebook or F-commerce are acquiring a record number of orders amid the ongoing coronavirus pandemic as people continue...Remittance hits 10-month highRemittance inflows hit a record most of $2.17 billion in May, that was the best since August this fiscal year, because of the hard-earned money...Tk 54.8 lakh crore black money made in 10yrsAround Tk 88.6 lakh crore of untaxed or black money has been made during the past 48 years since Bangladesh gained independence, explained Bangladesh Economic...Nine banks incur net losses found in Q1Nine banks faced net losses found in the first one fourth of this year as the majority of them have been in the red for...Budget execution rate fallsThe government's countrywide budget implementation rate fell significantly within the last one decade mainly due to too little efficiency, accountability and capacity and a rise...Align budget with five-year plan for youth developmentThe government should align its upcoming budget with the Eighth Five-Year Plan and make special allocations to create jobs to reach its goals on youth...Poppy seeds worthwhile Tk 15 crore imported on fake declaration seized in CtgChattogram customs officials have seized 42 tonnes of poppy seeds -- which can be used for making drugs -- imported under false declaration.The consignment was...Garment export might recover by Oct: BGMEAGarment export might help to make a full recovery to pre-pandemic amounts by October this season as shipments are actually rebounding with the reopening of...52pc users apply for power thru middlemen:surveyFifty-two per cent of electricity consumers found in Bangladesh apply for the bond through middlemen instead of likely to the distribution office buildings directly, according...One-person company law off to a dismal startFifty-two per cent of electricity consumers found in Bangladesh apply for the bond through middlemen instead of likely to the distribution office buildings directly, according...Stock index near 6,000: Does it sustain the growth?The stock market index is hovering around 6,000 points now, raising questions among investors over whether it would remain stable here or have a plunge...Betel nuts supporting farmers make a fortuneBetel nut farming features changed the good luck of many farmers found in Nilphamari district as the crop is more lucrative than many others thanks...AC sales triple as temperature soarsThe sales of ac units have tripled year-on-year in April and May as people rushed to retailers to remove the scorching summer.Local assembly and manufacturing...Network leaders allege graft relief schemesMany poor people did not get the relief meant for them through the coronavirus pandemic due to the corruption perpetrated by a portion of regional...Farmers to get loans to get machineryThe government is taking initiatives to supply loans to farmers to get agricultural machinery, Agriculture Minister Mohammad Abdur Razzaque said yesterday.The minister said various agricultural...Boeing working with FAA in fresh snag to Dreamliner deliveriesBoeing Co explained on Friday it had been providing the US Government Aviation Administration with more info on its undelivered 787 Dreamliners, after a report...Ctg trade bodies need more funds for dev projectsVarious trade bodies in Chattogram have urged the government to increase its distinctive allocation for the port city's development projects on the national budget for...Bepza financial zone eyes $10b investmentThe Bangladesh Export Processing Zones Authority (Bepza) is establishing an financial zone at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) to diversify exports.The agency will...MFS interoperability by DecemberPeople should be able to transfer cash from their cell wallets to other accounts owned by another carrier and banking institutions by December in a...Betel leaf export to EU resumes following 6 yearsAfter an extended six-and-a-half years, betel leaf export to europe has resumed carrying out a recent lifting of its ban, with the initially consignment of...ACI continues to log profitsACI, among the country's leading organization properties, has been continuing to log income for the last three quarters since it registered growing sales of consumer...Local IT companies offering blockchain solutions overseas, Palak saysBangladeshi IT corporations have been deploying blockchain alternatives around the world through training supplied by the government, said Condition Minister for ICT Zunaid Ahmed Palak...Litchi season to get fleeting this yearThe litchi season may end sooner than usual this season as unfavourable weather conditions resulted in lower production of the sugary tropical fruit, according to...Govt mulls higher taxes to curb fake fish farming claimsHigh earners from poultry and fish hatchery along with fish farming will probably lose the privilege of tax reductions from fiscal 2021-22 mainly because the...DataBird raises $3m foreign fundsDataBird, a Bangladeshi business having products across online travel, media, keyboard, eReader and standard of living mobile applications, recently stated to have raised $3 million...No respite from unnecessary textsMobile phone subscribers remain getting flooded with promotional and professional messages even a month once they opted to block them, which highlighted that the regulator's...Walton going big abroadWalton Hi-Tech Sectors yesterday made open public the good thing of its surging income and ideas to strengthen its footprint overseas, leading to a three...Amusement parks continue struggle against CovidThe amusement park industry is on the brink of collapse as owners are struggling to pay salaries, loans and hefty maintenance costs amid a continuing...E-payment of land duty, mutation, record costs introducedThe federal government has introduced e-payment system for citizens to be able to pay land development tax, mutation in addition to record charges quickly.In this...Over 90pc Boro paddy harvestedFarmers in Bangladesh have already harvested 90 per cent of the Boro paddy in the current season, dispelling worries that the impending cyclonic storm could...Bangladesh-US economical relations largely unutilisedThe Bangladesh-US economic relations have generally remained unutilised 50 years past independence, exemplified by bilateral trade which is too poor in comparison to that gained...Women entrepreneurs gets tax reliefWomen entrepreneurs may get a relief in taxes payment on their incomes from businesses in the approaching fiscal year, said the official of the finance...Banks fast embracing money recycling machinesBanks are aggressively putting in cash recycling devices (CRMs) to supply faster deposit and funds withdrawal services to clients, a move that's helping customers lower...Textile businesses stare at falling profitsPosted textile and garment makers are still experiencing falling profits, influenced by lower sales of clothing on the markets overseas amid the ongoing coronavirus pandemic. On...Cash takes back seat as Covid drives cards useThe make use of both credit and debit cards went up heavily in March as persons purchased more products through digital means amid the recent...Lack of details, support barrier to even more Japanese investmentJapanese companies doing business on Bangladesh are facing challenges through the coronavirus pandemic, including a lack of information and support from authorities, which might dent...BSEC steps in to strengthen bond marketThe stock market regulator has stepped forward in strengthening the bond market so that it can be a long-term source of finance.The Bangladesh Securities and...Keep money whitening scope on productive sectorsBusinesspeople have urged the federal government never to allow any blanket dark money whitening option, saying the preferential tax treatment ought to be extended to...Scope To Legalise Dark Money Indefinitely: Kamal’s system draws flak from economistsEconomists yesterday lambasted Financing Minister AHM Mustafa Kamal for his intend to allow the black money whitening opportunity given that undeclared liquidity exists found in...Ace all-rounder Shakib Al Hasan to enter brokerage businessWorld's top rated all-rounder cricketer Shakib Al Hasan can be stepping into brokerage organization in Bangladesh.His business Monarch Holdings has recently got approval from the...Rubber industry suffers from low pricesThe rubber industry in Sylhet is facing a down economy due to a continuous fall in prices.Because of their growing frustration, many plantation owners in...Pharmas rake in higher profitsListed drug makers booked an 18 per cent expansion in profit in the first 9 months of the existing fiscal year because of a decrease...Mobile, internet subscribers riseThe number of internet users in the country registered modest growth in March as people started to count on various online platforms once again amid...Sunflower acreage rises on rising profitsGlee has pass on around homesteads of sunflower farmers as they are expecting to make a good profit thanks to a good bumper yield this...Saudi Arabia to reopen to international tourists soon, official saysSaudi Arabia programs to in the near future reopen to foreign tourists, a senior tourism official said on Monday following the kingdom announced the lifting...Unique train for mango in Chapainawabganj-Dhaka route likely from May 25The West Zone of Bangladesh Railway will probably launch a 'special mango train' on Chapainawabganj-Dhaka route via Rajshahi from May 25."We have taken your choice...France, Germany and Spain hit deal over joint fight jetFrance, Germany and Spain said on Monday that they had reached a good deal over another steps of the development of a new fighter jet,...Mega jobs to get Tk 47,283cr from fresh ADPThe federal government will allocate Tk 47,283 crore to 12 mega projects, including those on the fast-track list, from the development cover the upcoming fiscal...Apparel adopts new tech to go greenGas heat recovery is just about the name of the overall game for efficiency in the textile and garment industry to stay competitive running a...Jashim Uddin elected FBCCI presidentMd Jashim Uddin, a representative of the Bangladesh Plastic Goods Manufacturers and Exporters Association, has been elected president of the Federation of Bangladesh Chambers of...