Archive / Business - 2021
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Trade in secondary bond market hits an all-time highThe secondary bond marketplace in Bangladesh has boomed lately on the back of lower interest rates on bank deposits and a couple of procedures taken...1.11 lakh tonnes of rice imported from India up to nowThe federal government and businesses imported 1.11 lakh tonnes of rice from India over the last one month because the food ministry began giving permission...Bangabandhu Shilpa Nagar to live greenThe federal government has undertaken a Tk 4,367 crore project to turn the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) into an environment-friendly commercial city with...Inflation drops to 8.5yr lowInflation dropped to 5.02 % in January, the lowest in eight and a half years, on the trunk of the arrival of wintertime fruit and...Brac to improve Tk 1,350cr through bondsBrac, a good non-listed non-authorities organisation, possesses received the nod from the currency markets regulator to improve Tk 1,350 crore by issuing zero-coupon bonds.A zero-coupon...Govt programs university-based tech innovation hubsUniversity-heading students aspiring to get tech-entrepreneurs are placed to obtain a shot on the arm as the government is likely to create innovation hubs at...Bike registration fee halvedThe federal government yesterday slashed motorcycle registration costs by half, a demand very long being made by two-wheeler makers.From now on, motorcycles of engine capacities...Export drops 5pc in JanuaryEarnings from merchandise exports fell 4.99 per cent year-on-year to $3.43 billion in January as a result of slower recovery of garment shipment from the...India looks to beef up connectivity with BangladeshThe coronavirus pandemic has rattled the economies, nonetheless it has also brought some lessons: the world needs to cooperate and collaborate to develop resilient systems....GP hasn’t reserve money against govt’s audit claim: auditorGrameenphone has not reserve any funds against the government's claim of Tk 12,580 crore found in unpaid taxes and fees, prompting its auditor to add...Sugar refiners relieved of progress taxThe National Board of Earnings (NBR) has relieved sugar refiners of advance tax (AT) on import of raw sweeteners for processing -- a move that...Dhaka hotels bear the brunt of pandemicBusiness for hotels in the capital was sluggish during the July-December amount of 2020-21 due to there were fewer occasions and programmes and a lower...Remittance stays robustRemittance flow to Bangladesh has got maintained it is robust growth in January regardless of the persisting pandemic though it dropped below $2 billion for...Low profits pushing farmers away from legume cultivationFarmers in various regions of the country are gradually shifting away from legumes towards other crops while lentils and pulses have grown to be less...BSEC offers exit arrange for poor performersThe Bangladesh Securities and Exchange Commission (BSEC) recently issued a directive offering companies not performing well an exit plan that could help protect small investors...96pc little enterprises suffer fall on income: studySome 96 % of Bangladesh's micro, tiny and channel enterprises (MSMEs) witnessed a fall in cash flow with the median loss running a business reaching...Important drug makers pull on bigger profitsBangladesh's leading listed pharmaceutical corporations have bagged higher earnings in the first fifty percent of the existing financial year which started out in July 2020,...Garment makers embracing artificial fibresImport of man-made fibre (MMF) as well as investment in its organization is increasing found in Bangladesh because of higher demand for polyester and viscose-made...Launch owners not worried above Padma bridge openingLaunch operators found in the country's waterway-dependent southern place think that the completion of Padma bridge will have little effect on their business.When passengers will...Traders go back to GameStop plays due to brokerages ease restrictionsWall Street braced on Friday for the come back of an army of amateur investors to trading in GameStop and various other hot stocks whose...Small businesses to get stimulus funds at 4pc interestSmall traders, entrepreneurs and farmers who had no usage of finance from banking channels will now have the ability to avail loans at 4 %...Indian economy to acquire a shot on the arm from budget: economistsIndia's path to economic recovery will be stronger than previously thought as fiscal growth and vaccine hopes support the united states heal from COVID-19, a...Tea production, acreage rising in northern districtsTea production found in Panchagarh and additional northern districts grew considerably benefitting a large number of farmers although the ongoing coronavirus pandemic damaged a great...Kamal refutes survey claim in poverty rateFinancing Minister AHM Mustafa Kamal yesterday turned down the findings of a study that claimed poverty rate in Bangladesh has increased to 42 per cent.The...Trade deficit narrows in falling importsThe trade deficit shrank heavily in the first half of the ongoing fiscal year due to dwindling imports amid the financial slowdown, in a sign...Local production cools down AC pricesAc units (ACs) were once regarded as luxury items that are only enjoyed by the elite, but their prices have observed a drastic fall in...Gaibandha Sweater Palli expanding against all oddsFor many years now, a community of weavers in Gaibandha has been producing over 20 types of warm clothing items without the modern technology, transportation...Stocks fall, Beximco corporations end rally amid earnings takingConcerns of Beximco Group witnessed corrections yesterday after leading from leading to improve the benchmark index of the Dhaka STOCK MARKET (DSE) to a three...Commerce Bank, Janata run into a quagmireBangladesh Commerce Bank and Janata Bank Ltd are in a hard situation to recuperate Tk 633 crore they deposited with six non-bank finance institutions as...Economy will return to high growth path next fiscal year: UNBangladesh's economy will return to the high growth trajectory in the next fiscal year overcoming the scarring impacts of the coronavirus pandemic, according to a...Beximco Pharma shares soar on Sanofi takeover newsWhile investors continued to demonstrate a tendency towards profit-booking, shares of Beximco Pharmaceuticals rose 5.15 % to Tk 208.40 yesterday after information broke that it...Personnel urge Sanofi to shell out benefits before handing stakeThe staff and employees of Sanofi Bangladesh Ltd have demanded the French multinational enterprise provide all advantages to the personnel before handing the complete stake...Individual credit growth inches up on DecDespite demand for loans being suppressed by the ongoing business slowdown, personal sector credit growth crept up in December following undergoing a steep descent in...Sociable distancing proves a boon for bicycle exportersThe necessity to maintain social distancing to avoid infection amid the ongoing coronavirus pandemic has buoyed the global demand for bicycles.And with Bangladesh as an...Bourses see considerable profit bookingBourses witnessed widespread profit-booking the other day when the insurance stocks rose the most thanks to a regulatory maneuver on minimum shareholding compliance.DSEX, the benchmark...Tk 428cr project to boost women entrepreneurshipThe government plans to have a Tk 428 crore project to build up the abilities of 256,000 unemployed and disadvantaged women to turn them into...Trade arrangement with Nepal soon: ministerThe federal government will sign a preferential trade agreement (PTA) with Nepal within a short time to be able to improve bilateral trade, said Commerce...Create specialised bank for tiny enterprises: DCCIThe Dhaka Chamber of Commerce and Industry (DCCI) yesterday suggested creating a specialised bank or fund to greatly help cottage, micro, small and medium enterprises...Fix bottled soybean oil cost at Tk 124 a litreThe Bangladesh Trade and Tariff Commission (BTTC) has recommended setting the maximum retail price of soybean oil at Tk 124 a litre to tame its...BB in a good quagmire as surplus liquidity balloonsBangladesh Lender has fallen in a good quagmire tackling an escalation of extra liquidity trending found in banks, emerging from slow credit rating progress and...Beximco to get majority stake in Sanofi BangladeshBeximco Pharmaceuticals is set to obtain 54.6 % stake in Sanofi Bangladesh for about Tk 400 crore, since it looks to extend its product base...Samsung to make another high-end device on Bangladesh plantSamsung's juggernaut in production the latest smartphones in Bangladesh continues as the South Korean tech giant provides taken to assembling its flagship wise device Galaxy...Energypac Power’s profit requires a tumbleEnergypac Power Generation announced that its profits tumbled found in the July-September quarter of 2020 ahead of its trading debut found in the Dhaka STOCK...IMF chief sees 'high degree of uncertainty' in global outlookThe top of the International Monetary Fund on Monday said the global lender needed more resources to greatly help heavily indebted countries, citing a highly...Onion imports thru land ports mark sharp fallImports of Indian onions through land ports witnessed a drastic fall within the last seven days because of the increased supply of the local variety.Markets...Interoperability found in digital fund transfer to avoid fraud: PalakAlthough digital transactions have been increasing over the last couple of years, fraudulent activities are eroding people's confidence in going cashless. However, very much optimism...Dhaka, Delhi conducting research to sign trade dealDhaka and New Delhi are preparing a good joint study report to sign a in depth economic partnership agreement (CEPA) to improve bilateral trade and...Stocks fall amid profit-bookingMost stocks listed with the Dhaka bourse witnessed corrections yesterday but bank stocks were the exception.DSEX, the benchmark index of the Dhaka STOCK MARKET (DSE),...Wheat import declinesWheat imports declined 2 % or perhaps 72,000 tonnes found in the first half a year of fiscal 2020-21 compared to the corresponding weeks of...27,000 tonnes of imported onion lying at Ctg portSome 27,000 tonnes of onion worth Tk 102 crore have apparently been abandoned at the Chattogram port by importers, as their selling price expectations were...