Archive / Business - 2021
News Category
-
Heidelberg seeks to amalgamate with Emirates Cement, Emirates PowerHeidelberg Cement will find approval from its shareholders to amalgamate with Emirates Cement Bangladesh and Emirates Power Company.Through a post on the Dhaka STOCK MARKET...DSE turnover nosedives to seven-month lowStocks and shares nosedived yesterday when the market's turnover reached a seven-month low because of a self-assurance crisis among investors.DSEX, the Dhaka Share Exchange's (DSE)...KEPZ to build first private hi-tech parkA hi-tech recreation area will be setup at Korean Export Processing Zone (KEPZ) in Chattogram, which is owned by Korean global organization conglomerate Youngone. The KEPZ...Delta Life to appoint US actuary firm to determine healthDelta Life Insurance will appoint a good foreign actuary organization to get an unbiased assessment of the health of the insurer, which arrived to the...Pandemic wreaks havoc in car salesPassenger vehicle revenue fell by around 26 % in 2020 compared to the previous year due to the ongoing coronavirus pandemic and imposition of additional...Excessive food prices weighing about the vulnerable: FAOHigh rates of rice and other important foods, including soybean oil and loose palm oil, have severely constrained the getting power for a huge section...Dhaka needs to pay $460m to become listed on New Development BankBangladesh will have to pay about $460 million in registration fee to become a person in the New Development Bank (NDB) or perhaps BRICS Bank,...BATBC, IDLC and IPDC stocks and shares drop despite positive disclosuresDespite making great disclosures, shares of some major businesses dropped yesterday. DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), fell 27 tips, or...Banglalink’s earnings up 2.4pc on Q4Banglalink, the third-largest cellular phone operator in conditions of subscribers, said its revenue rose 2.4 per cent year-on-year to Tk 1,140 crore in the October-December...Bangladesh witnesses healthful inflation trend: statistics secretaryStatistics and Informatics Division Secretary Mohammad Yamin Chowdhury said on Thursday Bangladesh offers been witnessing a wholesome inflation trend above a particular period of time...Shown companies sprint to pre-Covid profit levelCombined profit of a lot of the detailed companies surpassed the pre-Covid level on October-December quarter, pointing to an easy rebound in business and economic...Business within an era of digital trustBusinesses have drastically accelerated their rate of digital transformation. In Bangladesh, many businesses have already embarked on the digital voyage. Their adoption of contemporary infrastructure...Govt to get Tk 624cr LNG from Singapore firmThe government yesterday approved two proposals to get a complete of 67.2 lakh MMBTU liquified natural gas from spot industry for Tk 623.64 crore to ...Prices of essentials climb ahead of RamadanPrices of many imperative commodities, such as edible essential oil, chickpeas and sugar, experience gone up at both retail and low cost markets across Chattogram...Govt fixes edible essential oil price to tame volatilityThe federal government yesterday fixed edible oil prices to tame the volatility in the domestic marketplace and curb price manipulation by a section of unscrupulous...Local organizations more optimistic than global counterpartsSome 93 % of Bangladeshi family-owned companies are optimistic about seeing growth in 2022, which is greater than what those around the globe expect, according...Govt sets prices of edible oil on local marketsThe federal government today set the costs of edible oil in the local markets to tame the skyrocketing price in the domestic markets, and also...PM seeks detailed do the job plan as Payra slot project goes slowPrime Minister Sheikh Hasina yesterday directed Payra Slot Authority (PPA) to get ready a detailed work plan amidst price spirals and delays found in project...Cabbages grown in Jashore make way abroadA large number of cabbage farmers found in Jashore are getting good charges for their produce because of a project called Sustainable Agriculture, Food Secureness...Swadhinata Parishad announces panel for BGMEA electionMd Zahangir Alam, convener of Swadhinata Parishad, yesterday announced the labels of directors of his panel that may be a part of the approaching biennial...BATBC leads drop in stock indexStocks of British American Tobacco Bangladesh (BATBC) led the marketplace fall yesterday despite it has the earlier announcement of 600 per cent cash and 200...BB offers Tk 1,000cr to save lots of ailing cinemasBangladesh Bank yesterday declared a Tk 1,000 crore fund targeted at salvaging the country's ailing film theatres.Existing owners of cinemas and new entrepreneurs can avail...Lovello sets sights on untapped rural marketsThe government's efforts to ensure electricity at rural areas have opened the doors to a vast untapped market for the ice-cream and processed food sectors,...Dev spending lowest in 5yrsGovernment companies could spend 28.45 % or Tk 61,048 crore allocated for advancement projects in July-January of the existing fiscal year -- the cheapest within...Bangladesh to graduate ‘with flying colours’Just as it have been for earlier LDC status graduates, Bangladesh will also not face a whole lot of challenges later on for already having...February brings expect floristsDays will be longer for the flower growers for another couple of months because of its increased demand due to back-to-back national events, beginning with...Kamal irked by delays on NBR’s automationFinancing Minister AHM Mustafa Kamal yesterday expressed his disappointment to the taxmen for failing woefully to keep carefully the promise he made to the primary...Top taxpayers honouredIt had been a day of acknowledgement for taxes compliance and the delight of being honoured. This recognition came from the National Board of Revenue...Britain's economy to reach pre-Covid-19 levels within 2 yrs - Reuters pollBritain's economy can narrowly dodge a good double-dip recession and will contain returned to pre-Covid-19 levels within two years, according to economists in a Reuters...Administrator appointed to Delta Existence InsuranceThe Insurance Expansion & Regulatory Authority (IDRA) yesterday appointed an administrator with immediate effect to one of the sector's top rated entities, Delta LIFE INSURANCE...New definition of CKD to discourage bike manufacturing locallyMotorcycle makers have alleged that the new description of completely knocked-straight down (CKD) pieces for two-wheelers will discourage local development and impede the industry's development."Local...Stocks bounce back but worries remainStocks bounced back yesterday following three days of continuous decline but tensions continue steadily to run superior among investors due to the downward trend of...Profit eludes potato farmersAlthough potato harvests are yet to begin in complete swing in many districts, farmers in the united states are witnessing a sharp fall in price.Growers...Verify income resources of fish, poultry farmingThe Anti-Corruption Commission (ACC) has asked the tax authority to devise methods to examine the authenticity of income sources displayed by many taxpayers within their...Post-LDG export loss may create new poorAt least 66,622 persons would fall below the poverty line as a result of decline in exports following Bangladesh's graduation to a developing nation from...Raw jute prices reach new highRaw jute prices hit a new high as the herbal fibre traded for up to Tk 5,300 per maund (a single maund equals 37 kilogrammes)...Investors flustered by sudden drop in indexInvestors were left panicked and disheartened by the steep fall of the main index of the country's currency markets.They are now losing profits even by...‘Illegal courier service’ in guise of factory machinery importBearing telltale signals of an illegitimate courier service, some 70 tonnes of personal products and contraband things were seized by Chattogram Customs House on Sunday...Rupayan City Uttara, a model gated communityRupayan Group aims to improve Bangladesh's brand on the global property sector through Rupayan City Uttara, reduced mega gated community with a broad range of...WB gives another $40m to greatly help expand e-procurement coverageThe World Lender yesterday approved $40 million to help Bangladesh raise the coverage of electronic government procurement (e-GP) with new features to respond to the...Proposed industrial policy is aimed at skills upliftThe upcoming professional policy will set a target to increase the industrial sector's economic contribution from the prevailing 35 per cent to 40 % of...Lender directors’ demand for extending mortgage repayment tenure faces criticismDirectors of banks experience urged the central lender to relax the repayment tenure for term loans and performing capital further, a good demand that was...Improve infrastructure, organization climate to stay competitiveDevelopment of physical infrastructure, improvement of the business enterprise climate and labour efficiency and technological adoption will be the key to making Bangladesh competitive found...Steel exports jump 83pcBangladesh's steel export, mainly semi-finished casting goods, leaped 82.91 % year-on-year during the July-January amount of the ongoing fiscal, interestingly coinciding with the ongoing pandemic-induced...Women entrepreneurs want digital skills: expertsWomen entrepreneurs ought to be skilled in digitalisation to be able to avail the benefits of modern technology in order that they can give a...Small enterprises, farmers even so languish in neglectThe implementation of stimulus packages for small and medium enterprises, the agriculture sector and underprivileged professionals and businesses continues to be weak due to lukewarm...Daikin launches ACs together with Transcom ElectronicsJapanese air-conditioner maker Daikin has rolled out a bunch of inverter and non-inverter split air-conditioning devices in Bangladesh in partnership with Transcom Electronics Ltd.The global...Lafarge seeks arbitration to end gas cost row with JalalabadLafargeHolcim Bangladesh said yesterday it went to arbitration to stay a dispute with Jalalabad Gas Transmission and Distribution Systems after the state firm charged higher...How weight gain as time passes may predict mortalityCarrying too much body weight can cause various health issues, including type 2 diabetes, great blood circulation pressure, and cardiovascular disease.A recent analysis examined how...Robinhood lifts trading restrictions on all stocks, including GameStopOnline brokerage app Robinhood said on Thursday it features removed short-term trading restrictions about all stocks, including GameStop Corp and AMC Entertainment Holdings Inc, according...