Archive / Business - 2021
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Internet for simply by this year: PalakThe government is working to ensure internet for all and digitalise 90 % of public services by 2021, said State Minister for ICT Zunaid Ahmed...Vegetable growers left on the lurchSeeing bright-coloured vegetables dotted around large stretches of land will make any farmer have pride in the hard work they place in to create them.However...Robi, Beximco companies’ stocks fly high all weekStocks of Robi Axiata and some concerns of Beximco Group continued to dominate the marketplace, capping off a week along with the turnover and gainers'...Gournadi’s yogurt makers miss taste of pre-pandemic salesYogurt producers and dealers of a good southern upazila made famous for the sweet dairy product are actually eagerly looking forward to better days to...Cross-check data in crop output in order to avoid discrepanciesWith government agencies giving varying crop creation estimates, Agriculture Minister Muhammad Abdur Razzaque yesterday said it was necessary to cross check whether accurate data was...Pent-up demand lifts spending through credit cardsSpending through bank cards continued to keep an upward style in November, an indicator that clients are upgrading their consumption sidestepping worries of economical losses...Export-import cost rises as sea freight amount treblesBoth import and export costs have risen after the sea freight rate trebled in 8 weeks as a result of an acute shortage of empty...Interoperability across all financial systems this yearThe government has taken an initiative to create all accounts of banks, mobile phone financial services and payment system providers interoperable this season, a development...Ireland set for 1 bn euros from EU Brexit fundThe EU on Wednesday unveiled plans to divide up a four-billion-euro tranche of post-Brexit funds, with Ireland obtaining a quarter of the amount of money...ADP spending drop deepest in 11yrsDevelopment spending features marked it has the highest drop in total terms for the very first time in 11 years largely as a result of...Govt approves import of 50,000 tonnes of wheatThe cabinet committee on government purchase yesterday approved a proposal to import 50,000 tonnes of wheat.The committee gave the approval for the Directorate of Foodstuff...India’s Ecom Exhibit acquires majority stake found in PaperflyIndian end-to-end e-commerce logistics solution company Ecom Express has acquired many stake in Bangladeshi home delivery service agency Paperfly, worth around Tk 100 crore.Paperfly aims...Stimulus Funds: BB methods in as banks fee higher interestThe central bank yesterday asked banks never to impose more than 4.5 per cent interest rate on the funds disbursed from the stimulus bundle for...eGeneration to raise Tk 15cr from marketLocal system integration and software solutions provider eGeneration is defined to improve Tk 15 crore from the currency markets to expand its IT business in...Stocks maintain gaining streakThe engineering and non-bank financial institution (NBFI) sectors pushed the country's stock market upward yesterday thanks to increased investor participation.DSEX, the benchmark index of the...Aziz Pipes suspends development for insufficient fundsAziz Pipes, a listed PVC product maker, has suspended production for a non permanent period as it cannot buy raw materials due to a shortage...Liner cause Thursday pioneering Ctg-Saint Martin’s routeUshering in a new era for tourism transfer, Bay One is all set to cast off on Thursday pioneering the Chattogram-Cox's Bazar-Saint Martin's island route.With...Cement companies see profit rise in Q1 in spite of pandemicMost listed cement makers witnessed higher profits found in the July-September quarter this past year thanks to a rise popular from the structure sector amid...Local demand saves the day for ceramics makersThe local marketplace has emerged as a saviour for ceramics makers as the recovery in construction activities pushed up require, helping manufacturers make a turnaround...NBFI stocks, mutual funds rise amid optimismThe stock price of non-bank finance institutions (NBFI) and mutual funds rose yesterday as investors desire to see good profit within their books amid a...Exporters seek expansion of loan moratorium, repayment periodsExporters would like extensions on both moratorium and repayment period for loans accrued from a good government sponsored stimulus bundle aimed at helping them cope...LafargeHolcim enters aggregate businessStocks of LafargeHolcim Bangladesh, a multinational cement maker listed with the Dhaka STOCK MARKET (DSE), rose 9.80 per cent yesterday on news that it built...High rates tempt farmers to cultivate more BoroFarmers are showing an inclination towards cultivating more Boro paddy this year, tempted by higher rates prevailing available in the market.Even so, costs of labour,...Steel sector still found in a shakeoutSteel companies registered around 40 per cent less turnover this past year compared to 2019 as they were forced to market finished products in lower...Bangladesh gets its 1st fully-automated dairy farmEon Group has generated the country's 1st automated dairy farm found in a village of Badarganj upazila in Rangpur.The state-of-the-art facility will mainly produce pasteurised...Kalapara awaits another 1,320MW power plantAnother coal-based power plant has been setup in Dhankhali area in Kalapara of Patuakhali district to create 1,320 megawatts (MW) of electricity.The plant will cost...Gojek writes off Pathao investmentGojek Singapore, the main investor of Pathao, had a good tenfold upsurge in year-on-year loss found in 2019, largely stemming from its investment found in...GDP growth will be 7.4computer this fiscal year: PMThe government has reduced the GDP growth projection for the current fiscal year to 7.4 % considering the fallouts of the coronavirus pandemic."Our GDP grew...Runner to create commercial vehiclesRunner Automobiles is acquiring preparations to get Tk 433 crore to set up a car assembling and manufacturing facility to grab a talk about of...SS Steel to enter ceramics marketSS Metal yesterday announced that it could spend about Tk 200 crore to buy a 75 % stake found in Southeast Union Ceramic Sectors in...Furniture makers endure tough times amid pandemicThe furniture industry has been left devastated by the ongoing pandemic as persons tend to shy away from non-essential items during times of crisis, according...Dr Zaid Bakht: A great economist with a missionEminent economist Dr Zaid Bakht has made a substantial contribution to national-level policy formulation in neuro-scientific industry, nationwide income accounting practices, development planning and general...Govt to get commitment service fees waiver from Russia for NPPBangladesh will seek waiver in commitment service fees on Russian loans taken for implementing country’s maiden nuclear vitality plant project at Rooppur, official options said.The...BB moves to improve cashless transactionsBangladesh Bank yesterday rolled out a great interoperable QR code as a part of its efforts to improve cashless transactions in the united states, particularly...Bangladesh economy is in good shape: KamalFinance Minister AHM Mustafa Kamal on Wednesday reiterated that the market of Bangladesh is found in good condition as it gets more dynamic and more...Keya up the creekKeya Cosmetics is currently in deep issues, as potential debt of around Tk 705 crore in the form of trade receivables loom more than the...Inflation averages 5.69pc in 2020, a 3yr highCommon inflation rose to a good three-year most of 5.69 % in the just-concluded twelve months as food prices preserved an upward trend for most...Exports slip slightlyMerchandise shipment declined 0.36 % year-on-year to $19.23 billion in July-December 2020 as Bangladesh's major export places continued to struggle to tame the rising coronavirus...Importers get the nod to buy 330,000 tonnes of riceThe government has given the nod to private firms to import 330,000 tonnes of rice as it looks to increase the supply of the staple...Spouse with insurers having sound credit ratingsThe central bank yesterday asked banks to consider insurance papers of the insurers, who have sound credit scores, while giving loans.Allegations have got recently surfaced...BB relaxes payment rules for availing foreign servicesBangladesh Bank yesterday relaxed guidelines for businesses to remit money in order to avail providers from foreign companies.Businesses should be able to send up to...DSE sees rare climb in turnoverStocks turnover rose yesterday to the Tk 2,000 crore range, a good rarity for the Dhaka bourse over the past decade.This important indicator of the...Onion farmers stare in lossesOnion farmers fear losses found in the wake of falling prices of the crop resulting from the arrival of early varieties and the resumption of...Ship collisions recurring at outer anchorageIncidents of ships colliding and going aground in the Chattogram port's outer anchorage are actually alarmingly recurring, which officials and buyers apprehend could tarnish the...Budget to see main cuts as earnings, spending dropThe government is likely to downsize its income and expenditure targets in the revised budget as a result of lower earnings growth, slower implementation of...Knitwear makers want 2-yr suspension of raiseUnion leaders like the continuation of a good 5 per cent gross annual increment of wages for garment staff even while knitters demand that the...Remittance hits $21.7b, a great all-time highRemittance hit an all-time most of $21.74 billion last year as migrant personnel continued to use formal channels sidestepping the hundi system to send residence...Kansai Nerolac eye expansion in BangladeshJapanese company Kansai Nerolac will invest Tk 16 crore on its country subsidiary, Kansai Nerolac Paints Bangladesh (formerly referred to as RAK Paints), to expand...Setting development priorities right in 2021As the Covid-19 pandemic left a deep dent on the production trajectories of Bangladesh, the country must set its advancement priorities most suitable in 2021....Cotton import grows despite pandemicBangladesh's cotton imports grew by about 9 % to 75 lakh bales in the 2019-20 marketing year (MY) regardless of the ongoing coronavirus pandemic, according...