Archive / Business - 2021
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Low tide slows work to very clear Suez ship blockage; traffic jam buildsLow tide over night has slowed attempts to dislodge a 400-metre long, 224,000-tonne container vessel which has choked traffic on both directions along the Suez...Fresh loan moratorium depends on bank-client relations: BBBorrowers should be able to avail of a brand new repayment deferral support, this time around for three months, predicated on the bank-customer relation.Bangladesh Bank...No decision but on lending to personal sector from reservesThe government is yet to decide about lending money from the forex reserves to the private sector, Finance Minister AHM Mustafa Kamal said yesterday.There would...Call drop rate within limit: BTRC surveyAmid repeated complaints from users to be cut off during cellular phone calls, the telecom regulator yesterday stated the amount of call drop in Bangladesh...Bike makers look for duty benefits for raw materialsMotorcycle makers have demanded duty rewards on component and natural material imports to be able to reduce the cost of production and develop the neighborhood...Gamblers at it again again, insurance shares soar on rumoursInsurance stocks came beneath the spotlight again yesterday in spite of generating less premium salary amid the ongoing coronavirus pandemic.These stocks and shares are being...Private investors to possess 49pc stake on Nagad, govt 51pcNon-public investors will hold a 49 per cent stake on Nagad Ltd and the postal department the others as the federal government looks to perform...300 startups to get right up to Tk 10cr eachThe government will provide up to Tk 10 crore to promising start-ups in Bangladesh, said State Minister for ICT Zunaid Ahmed Palak Yesterday. The government...Stocks make a comebackThe country's currency markets bounced back yesterday after crashing for two days, turning many stocks lucrative.The DSEX, the benchmark index of the DSE, went up...Beacon may ship $5m pharma products to SyriaBeacon Pharmaceuticals, the neighborhood pioneer of oncology item manufacturing, may export $5 million value of pharmaceuticals to Syria by December this year -- a huge...Joint ventures on EPZs now qualified to receive export loansThe central bank yesterday allowed "Type-B" companies in export processing zones (EPZs) to enjoy foreign currency loans from an export production fund (EDF).A good number...Non-banking institutions’ dividend capped at 30pcThe central bank yesterday imposed a dividend cap of 30 % on non-bank finance institutions (NBFIs).Of the amount, the NBFIs must pay 15 per cent...Boro cultivation rises on bigger pricesRice cultivation offers increased during the current Boro period as farmers have been encouraged by higher charges for the kitchen staple.Total acreage of the irrigation...IMF sees signals of stronger global recovery, but significant risks remainThe No. 2 recognized at the International Monetary Fund on Saturday pointed to emerging indicators of a more powerful global financial recovery, but warned that...Rising imports leave little room to use reserves for dev projectsThe government's intend to use foreign exchange reserves to bankroll infrastructure projects may face difficulty in today's fiscal year as rising imports will keep little...BB bats for sukuk investorsThe central bank has proposed the National Board of Revenue (NBR) to consider the profits earned by individual investors from their investment in the Islamic...Low-interest levels in banks: where to invest then?Most people in Bangladesh prefer to hold their funds in banks but lower rates of interest on deposits are now turning them away from the...Master plan must support period out fossil fuel-based vitality: CPDThe government's proposed grasp anticipate power and energy should help Bangladesh phase out fossil-fuel-based and expensive generation system and guide it towards cleaner electricity, the...India-funded projects see sluggish progressThe implementation of the 44-kilometre Dhaka-Tongi-Joydebpur rail line under an Indian line of credit (LoC) has manufactured progress of 31.2 % since its construction began...How Vietnam gets mightier in apparel shipmentIf you eventually come upon t-shirts for sale in the United States or europe (EU), the probabilities are that the Vietnamese kinds have outdone the...Govt releases Tk 570cr to aid small firmsThe government has released Tk 570 crore from the Tk 1,500 crore stimulus package for his or her disbursement among small traders, entrepreneurs and farmers...Any offer should end double taxationThe Maldives wants to sign agreements with Bangladesh which get rid of twice taxation and guarantee and protect investment for increasing bilateral trade and investment,...WB gives $200m to help poor urban youths, migrant returneesThe World Lender approved $200 million to greatly help Bangladesh provide support and services to the low-income urban youths influenced by the ongoing pandemic and...S&P 500 and Dow end at record highs after Fed jobs stronger economyThe S&P 500 and Dow Jones Industrial Average closed at record highs on Wednesday following the Fed predicted an easy financial recovery from the coronavirus...Anlima Yarn’s stock rates soar on rumoursThe price of Anlima Yarn Dyeing's stocks has been rising consistently for days gone by few days riding on rumours in spite of the actual...Onion seed growers expect bumper cropOnion seed growers found in Faridpur, among the most significant onion-producing districts, expect bumper yields this season thanks to favourable weather. Farmers have got cultivated...Khatunganj lost more than Tk 514cr to waterlogging in 2020: studyTraders in Chattogram's Khatunganj incurred direct financial losses of around Tk 514.38 crore this past year solely for waterlogging, estimated a report made public yesterday.The...Today jail term for trade-based money launderersBusinesspeople will come to be sentenced to seven years found in prison if they make the incorrect declaration on exports, imports and expenditure abroad as...Mercantile Lender posts Tk 223cr profitMercantile Bank's net income rose 0.39 per cent year-on-year to Tk 223 crore in 2020 thanks mainly to the low provisioning by the 3rd generation...Japan for better connection between Cox’s Bazar and RakhineJapan wants to improve the connection between Cox's Bazar of Bangladesh and Rakhine State of Myanmar as a way to promote regional economic production, according...Will cellular phone service improve now?The other day, Grameenphone and Robi were in an intense fight to buy five megahertz of spectrum on 2100 band during an auction. The most...Tax support needed for job recoveryRestructure of corporate tax, improvement in the position of the Simple Doing Business Index, and special allocation for SMEs should get concern in the upcoming...Tk 5,883cr digital connectivity project about wayThe government is defined to undertake an enormous Tk 5,883 crore digital connectivity project, in a approach that could equip every corner of the united...Capital machinery import yet to get momentumImport of capital machinery, professional raw materials and intermediate merchandise is yet to acquire momentum despite the pickup in monetary activity in Bangladesh as a...QR codes, overall health passports: China’s tech arsenal against a pandemicDaily life in China follows a rhythm of digital check-ins, with the QR code -- at offices, malls and transport hubs -- an intrinsic defence...No overnight relief from lossesThe Bangladesh Glucose and Food Industries Company (BSFIC) will not get rest from the losses anytime soon despite closing six mills.The sugar mills of the...Investors even so chasing junk stocksJunk stocks have frequently featured at the top gainers' list for recent weeks, bringing into dilemma investors' desire for such shares despite their substandard effectiveness.A...Development spending in decade lowBangladesh's expansion expenditure was recorded at its lowest in ten years during the July-February amount of the existing fiscal year as government agencies were able...BB to form Tk 500cr fund for startupsBangladesh Bank yesterday decided to form a good Tk 500 crore fund to help startups commence organization. The central bank's plank of directors took your...SMEs face long road to recoveryCottage, micro, compact and medium enterprises (CMSMEs), which will be the backbone of the economy, have been struggling to revive their battered business seeing as...Govt to get Tk 527cr LNG from spot marketThe government yesterday approved two proposals to import a lot more than 67.2 lakh MMBTUs liquefied gas from the location market for Tk 527.24 crore.This...Inflation quickens to 5.32pc in FebGeneral inflation accelerated to 5.32 % in February, fueled by a rise in both food and non-food items, in line with the Bangladesh Bureau of...Another new bank opens for businessBengal Commercial Bank launched business functions yesterday targeting to attain small and medium entrepreneurs by method of giving out loans. This takes the full total number...How Crescent Bahuman Masters the Measurement of Sustainable Denim“Sustainability is not simply a slogan for us, it’s a great ethos and a way of life.”We are an organization with a purpose. Since the...Regulator moves to rewrite IPO rulesRetail investors gets a higher allocation of shares during initial public offerings (IPOs) as the regulator has moved to help make the market an attractive...Kiam Metal plans to set up Tk 850cr glassware factoryKiam Metal Industries, a sister concern of BRB Group, plans to produce a foray in to the country's burgeoning glassware market by establishing a Tk...MCCI demands cutting land registration feesThe Metropolitan Chamber of Commerce and Industry (MCCI) yesterday urged the government for reducing land registration fees, stating that the current land registration system promotes...Peninsula Ctg, Golden Harvest shares soar on expansion newsShares of Peninsula Chittagong and Golden Harvest rose yesterday, riding on very good news from both companies.The hotel's stock grew 5 percent to Tk 22.60...How the Denim Industry Is Navigating Protective Textile TreatmentsAs countries competition to distribute vaccines to safeguard the world against the coronavirus contagion, could specially treated jeans fix the spread of Covid-19? Most likely...FTA can boost exports to India by 182pc: World BankA free of charge trade agreement (FTA) could increase Bangladesh's exports to India by 182 % and by 126 % the different way round, says...