Archive / Business - 2021
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India may analysis anti-dumping duty on jute goodsIndia has assured that its anti-dumping duty on jute goods of Bangladesh could possibly be reviewed according to the latter's plea, said a good senior...Praava Health raises $10.6mPraava Wellness, which made a foray into Bangladesh's healthcare business with a brick-and-click model, yesterday announced that it raised funds of $10.6 million with an...Significant corporations should work to empower womenLarge corporations have to play a significant role on empowering the country's women, said Simeen Rahman, group ceo of Transcom Ltd. "We have to ensure...Calik, Denim Deal Spouse with Aware for Blockchain TechnologyMaximizing the denim industry’s make use of textile spend in garments is the aim of Denim Deal, the Dutch-based multi-stakeholder initiative to navigate the issues...Spectrum auction fetches $885m for govtThree cellular phone operators - Grameenphone, Robi and Banglalink - yesterday bought 27.4 megahertz of spectrum for $885.35 million because they turn to lessen the...Stop running offensive promotions against each otherBangladesh Lender yesterday asked e-wallet or digital money companies to avoid creating propaganda against one another.It has been found that some mobile phone financial service...Currency markets almost a man’s worldThe presence of ladies in Bangladesh's stock market is very low, as only 25 percent of beneficiary owner's (BO) accounts are owned by them as...Remdesivir proves pharma strengthAmidst an ideal storm stirred up by Covid-19, a drug used to take care of an array of viral infections emerged as a silver lining...Cashless transactions get yourself a fillipAfter obtaining his monthly income through a bank-account, Siddique Ahmed Rubel, an employee of a nongovernmental organisation, used to withdraw a sizable part of his...Lemon prices go up amid immunity-boosting effortsAmidst heightened health consciousness for the pandemic, lemon prices are skyrocketing in its present away season, benefitting a wide array of farmers in the Sylhet...Win-win for vegetable growers, customers as farmers’ market benefits tractionIt has turned into a regular job for Mohammad Monir Hossain.Every Thursday evening, the small farmer from Savar, on the outskirts of Dhaka, loads his...12 tech startups want to improve funds from publicTwelve technology-based startups want to enter the stock market so that you can raise funds.The companies are: Sheba.xyz, Chaldal, Zantrik, Landknock, Hellotask, Bondstein Technologies, Brain...Mostafa-Hakim Group expands steel production capacityMostafa-Hakim Group yesterday released a fresh MS rod production center to expand its gross annual production capacity by 4 lakh tonnes.The maneuver comes just four...Excess liquidity falls after 8 monthsExcess liquidity in the banking industry that ballooned because of pandemic-induced lower credit demand and an injection of funds under a massive stimulus package fell...Retain undisclosed money expense scope in stock marketsThree associations operating in the financial industry urged the earnings authority to provide tax benefit and plan support in the next fiscal year.The Bangladesh Association...Alibaba aims big since it enters local meals delivery marketAlibaba has entered Bangladesh's burgeoning meals delivery market by purchasing HungryNaki, the country's initial on-demand delivery program, demonstrating the Chinese multinational's ongoing work to seize...Cut cost of doing business to compete on post-LDC eraBangladesh must reduce the price of conducting business locally to be more competitive globally on the post-LDC era as the country will face duties in...Pay for Committee approves two proposalsThe Cabinet Committee on Federal government Get (CCGP) approved two separate proposals including one for completing the earth filling works through direct procurement method (DPM)...DCCI desires corporate tax cutThe Dhaka Chamber of Commerce & Industry (DCCI) yesterday urged the earnings administration to cut the corporate tax for listed and non-listed companies by 2.5...$3.6b Chinese mortgage uncertain after Dhaka drops assignments from agreed listBangladesh's expectation of securing $3.6 billion in Chinese loans for five jobs might not exactly materialise as Dhaka has unilaterally made a decision to exchange...Processors warn of further rise in edible oil priceEdible oil is likely to become costlier on the days ahead because of the upward price trend of soybean and palm oil all over the...Zoom earnings strong at close of the pandemic-plagued yearThe Zoom video conferencing platform on Monday reported a solid finish to its fiscal year as income and use soared because of the pandemic.The quarterly...Zoom sees more expansion after 'unprecedented' 2020Zoom boss Eric Yuan, whose business exploded through the pandemic, says working at home is here to remain.The video conferencing company expects sales to rise...Key index goes previous 5,500-point mark as stocks reboundStocks bounced back yesterday to go recent 5,500-point tag after two weeks as investors are actually increasingly showing interest on the market after a recently...Rising imports choking port with containersAs commodities start to be imported in increasing quantities ahead of Ramadan, containers have started turning up at the Chattogram port as traders are not...Internet banking gaining tractionInternet banking transactions possess surged lately as persons increasingly embraced the digital mode while opting never to visit branches. The transactions amounted to Tk 8,093...Govt ADP part trimmed by only Tk 7 lakh despite cost-cutting measuresThe allocation to the revised annual development programme may trim by only Tk 7 lakh although the government had made a decision to put low-priority...Remittance up 33.5pcRemittance increased 33.51 % year-on-year to $16.68 billion in the first eight months of the fiscal year. The inflow since June last year was characterised...Arif Khan steps down as IDLC Financing CEOArif Khan has stepped down as the managing director and ceo of IDLC Money Ltd as he plans to introduction his own business.He returned to...BB refuses to let Premier Leasing MD goIn a baffling move, the Bangladesh Bank has asked Premier Leasing & Finance Ltd not to officially release its managing director, Abdul Hamid Mia, although...NBFIs ordered to ensure proper use of loansThe central bank yesterday ordered non-bank finance institutions (NBFIs) to guarantee the proper utilization of loans since it looks to revive corporate governance in the...Unilever Consumer Treatment profit slumpsUnilever Consumer Treatment, formerly known as GlaxoSmithKline (GSK) Bangladesh, posted a 46 per cent drop in profit last year as a result of coronavirus pandemic.The...Record jute selling price forces 40 mills to shutter operationsJute mills are actually closing as they are failing to choose the natural fibre while the price has reach the record level and showed zero...Comfort, Utility and Versatility Drive Future Sourcing TrendsIdentifying color and textile trends is really as emotional as it is normally logical. Sourcing for Fall/Winter 2021-2022 and Spring/Summer 2022 apparel, however, takes a...Extended transition period to permit address Covid-19The extended preparatory amount of five years for graduating from the grouping of the least-developed countries allows Bangladesh to handle the coronavirus pandemic's impacts, in...Walton plans fresh $640m investmentWalton Hi-Tech Industries Ltd is going to make a fresh investment of $640 million, equal to Tk 5,440 crore, to expand facilities to produce and...Summit Power wins ICMAB award for 8th timeSummit Power Limited secured the first job of the ‘ICMAB Best Corporate Award 2019’ in the power generation category.Here is the eighth time the organization...Graduates struggling to secure employmentGraduates are struggling found in the work market as the conventional education system will not equip students with the abilities industries demand, according to Rizwan...Appearing out of LDC, a welcome maneuver from all sidesBangladesh's graduation from the list of least-developed countries (LDCs) is long overdue. The glad tidings are that the country will graduate having achieved all three...The economy may make a turnaround in 3rd quarter of FY 2020-21: MCCIThe economy is likely to overcome the difficulties stemming from the fallouts of the Covid-19 pandemic in the third quarter of the existing fiscal year...India’s Omega Seiki to create electric vehicles in BangladeshIndian automotive and rail parts maker Omega Seiki yesterday declared plans to get 100 crore rupees to set up a plant close to Dhaka to...BB inks agreements with 14 banks, FIsBangladesh Lender (BB) signed on Thursday participation agreements with nine banks and five finance institutions (FIs) to improve competitive potential and sustainability of the export...New era beckonsBangladesh is confident that it can fight the challenges stemming from the graduation from the grouping of least-developed countries (LDCs) as the federal government has...Weak NBFIs barred from paying a dividendWith a number of non-bank financial institutions (NBFIs) suffering from an extreme cash crunch, the central bank yesterday barred finance institutions with lower capital and...Electrical goods export jumpExports of electrical merchandise rose 42.34 per cent year-on-year to $41.93 million in the July to January amount of the current fiscal year, in a...Public food stocks near 3-year lowPublic foodgrain stocks and shares fell to 6.56 lakh tonnes, the cheapest in nearly 3 years, raising apprehensions that greedy investors would use the current...Spotify place to come quickly to BangladeshStreaming platform Spotify offers announced that it's likely to launch its functions in Bangladesh as it embarked in a sweeping growth to add more than...3yrs Into Chinese Partnership: DSE yet to look at notable tech advancementNearly three years have passed since welcoming a Chinese consortium mainly because a strategic partner, however the Dhaka bourse is but to secure virtually any...Give apparel makers six more months to repay loansThe finance ministry has asked the central bank to supply an additional grace amount of half a year to garment industries so they can repay...Australia to lift atmosphere cargo ban on BangladeshAustralia is set to lift up its ban on direct cargo flights from Dhaka, a move that is expected to increase Bangladesh's shipments to the...