Archive / Business - 2021
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Singer opens washing machine plantSinger Bangladesh has commenced manufacturing washing machines at its Savar plant which has a capacity to produce 420,000 units each year.Singer will produce programmed front...ADP spending may expand by 14pcThe government may allocate Tk 225,324 crore to implement development projects within the next fiscal year, which is 14 per cent higher than that in...Explore new export markets, including Africa: expertsBangladesh needs to pay attention to explore new export destinations, including untapped markets in the Commonwealth of Independent States (CIS), Latin America and African regions,...PHP sets example giving staff 11 bonusesPHP Family, one of the largest commercial conglomerates in the united states, has provided 11 bonuses equal to the basic salary to each of its...Energypac opens Tk 380cr commercial parkEnergypac Power Generation yesterday inaugurated an professional park in a bid to export locally created generators, enhance its current manufacturing capacity and assemble eco-friendly electric...NBR collection target may remain unchangedThe government may keep its tax collection target unchanged for the National Board of Revenue in the next fiscal year due to the devastating aftereffect...T-bonds a lucrative investmentPeople in Bangladesh can simply invest their funds in Treasury bonds (T-bond), because of a couple of initiatives taken by the central bank recently.T-bonds are...Bangladesh Bank issues guideline on utilization of public fund kept with MFSBangladesh Bank yesterday issued guidelines specifying the only real ways in which public money deposited in the accounts operated by mobile financial service (MFS) and...Improve service to get tax benefitCellular phone operators should focus more on bettering the caliber of service to get tax exemption, said Posts and Telecommunications Minister Mustafa Jabbar yesterday.Citing call...Clear wages, Eid bonuses by May 10: RMG workersGarment Sramik Karmachari Oikya Parishad (GSKOP), an alliance of 20 worker associations, today demanded the payment of wages and Eid bonuses by May 10.In a...Orion Pharma shares soar on vaccine development talksStocks and shares of Orion Pharmaceuticals topped the gainers' list with a 9.83 % rise yesterday following the news broke that the pharma company really...Elected uncontested, 78 FBCCI directors namedThe election board of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) yesterday declared the names of 78 directors who were elected uncontested. ...Square Pharma set to launch factory found in KenyaSquare Pharmaceuticals will launch its production facility in Kenya within the next four months found in a move which will considerably enhance the company's revenue...Chemical substance plants suffer for delays on soda ash importProduction in a number of local chemical, textile and glassware factories is facing setbacks for delays in the shipment of soda ash by Indian exporters...Bring social protection to the foreThe national budget for fiscal 2021-22 should give attention to enhancing healthcare, social security, education, and employment in the united states while also protecting its...UCB to create Tk 700cr fundsUnited Business Bank (UCB) has made a decision to form two funds totalling Tk 700 crore to focus on an evergrowing demand for financing among...UK, India to get started on formal FTA talks within monthsBritain and India will begin formal free trade package talks later this season, the UK government said Tuesday, after they agreed an initial package to...BB clips National Bank’s wingsIn a rare maneuver, the central bank has taken a raft of procedures to place National Bank Ltd back on the right track in the...Ceramic makers seek low-cost fundsThe country's ceramic manufacturers contain demanded low-cost funds on easy conditions for payment of their workers' salaries, allowances and Eid bonuses."We need low-cost funds to...Red-hot US recovery boosts RMG hopeThe strong performance of the US economy fuelled by the Biden administration's relief cheques to the persons and the ongoing rapid vaccination keeps promises for...Bill & Melinda Gates Base to stay intact, post benefactors' divorceBillionaire benefactors Bill and Melinda Gates, co-founders of 1 of the world's largest private charitable foundations, filed for divorce on Monday after 27 years of...Incentive shelling out for remittance may riseThe federal government may increase its allocation for incentive expenses for remittance in the next fiscal year since it looks to wthhold the surge of...Focus on health insurance and social protection, not GDP growthThe upcoming budget should concentrate on health, social protection and job creation to shield the persons from the impacts of the second wave of the...Hasan hands over combined harvester machines to Rangunia farmersInformation and Broadcasting Minister Dr Hasan Mahmud today distributed combined harvester (rice cutting and threshing device) machines among farmers in Rangunia of the district.He handed...PM readies Tk 880cr cash assistance for the indegentThe prime minister's cash assistance for the indegent and jobless people hit by the second wave of Covid-19 will begin to roll in on May...Pay salary, Eid bonus by May 10Garment workers will have to be paid salaries and festival allowances by May 10 to ensure that they can enjoy the Eid-ul-Fitr festival with near...Insurance stocks a double-edged sword for investorsStocks of virtually all non-life insurance companies have significantly more than doubled over the past year while the benchmark index of the Dhaka STOCK MARKET...Govt plans ambitious aid use targetThe government plans to create an ambitious target of using foreign aid worth Tk 88,024 crore for development projects in the next fiscal year as...BB forms panel to probe IT debacleThe central bank yesterday formed a committee to examine its latest ICT infrastructure's debacle that had halted the inter-bank cheque transactions and electronic fund transfers...Plastic pipe industry growing fastThe domestic plastic pipe industry is growing at around 20 % a year thanks to its rising demand in the ongoing government development projects and...Govt floats tender to lease out 25 jute millsThe federal government has floated an international tender to lease out 25 state-run jute mills for an interval of five to twenty years even though...ADB cuts growth projection for second waveThe Asian Development Bank (ADB) has downsized its projection about the Bangladesh's GDP growth in today's fiscal year of 2020-21, taking into consideration the second...Stocks fall on profit bookingThe currency markets witnessed a profit booking session yesterday, breaking a graining streak of eight consecutive days.DSEX, the benchmark index of the Dhaka STOCK MARKET...FBCCI’s arrange for a bank can be an absurd idea: expertsThe country's apex trade body plans to create a commercial bank and an insurance provider to serve better cottage, micro, small and medium enterprises (CMSMEs),...Edible oil prices rise againEdible oil prices have risen for a third amount of time in two months, which makes it even more complicated for low-income groups to cover...Indian Americans in US Congress, tech organise Covid-19 aid to IndiaSome US lawmakers and wealthy technology executives have joined forces to boost aid to India since it grapples with a extreme spike in coronavirus infections,...GDP growth target cut againThe government has revised down the GDP growth projection to 6.1 per cent for 2020-21, the next revision this fiscal year, reflecting the devastating impacts...Low-cost, cleaner production processes paying downBangladesh's textile and garment factories have significantly cut water and energy consumption by adopting low-cost and cleaner production processes and installing new technologies under a...Yardlong bean farmers over the moon with bumper yieldsFarmers that cultivated yardlong bean in fallow lands in two unions of Kulaura upazila in Sylhet's Moulvibazar district are enjoying tremendous success because of bumper...Stopping barrage of promotional messages simply a dial awayCellular phone users can stop acquiring promotional messages on the handsets by dialling codes, said the Bangladesh Telecommunication Regulatory Commission (BTRC) in a notice yesterday. ...Carew hand sanitisers remain unsoldDespite last year's flying start with the production of hand sanitisers, state-owned Carew & Co is now desperate for customers for 60,000 bottles of disinfectant...Govt to expand back-upThe government has recently provided seasonal assist with about 10 lakh people living below the poverty line in each upazila and will expand such social...Poor to get priority in next budget: KamalFinance Minister AHM Mustafa Kamal said another budget for fiscal 2021-22 gives priority to the indegent section of folks while maintaining the lives and livelihood...Bus owners in a good spotBus operators in Bangladesh are losing Tk 500 crore each day as they have already been off the road as a result of the lockdown,...Sensible credit card use offers perksThe consumption behaviour of Bangladesh's growing middle income has made credit cards popular in recent years with several banks offering a variety of discounts and...Farm loan interest cut to 8pcBangladesh Bank yesterday cut the interest rate on farm loans within its efforts to improve the agriculture sector amidst the ongoing monetary slowdown due to...There is absolutely no glass ceiling for women, sky is the limitWomen should strengthen their psychological state and become always ready to face any challenge to find success in the banking sector.There is enormous scope for...NBFI borrowers can defer repayments till JuneBorrowers of non-bank finance institutions (NBFIs) will receive a fresh repayment deferral support of three months till June 30 this season.Bangladesh Bank (BB) yesterday said...Construction costs burdened with cement price riseThe cost of each 50-kilogramme bag of cement has increased by around 12 per cent, or Tk 50, to Tk 450 to Tk 460 --...Banks open for limited hours till April 28Bangladesh Bank has asked lenders to continue operating on a restricted scale until the second week of the ongoing lockdown ends on April 28, all...