Shipping giant Maersk buys e-commerce firms

Danish maritime transport giant Maersk said Friday it was buying two e-commerce companies as surging demand for shipping led to another bumper profit in the second quarter.
7 August 2021

Usmania Glass resumes production after one year

Usmania Glass Sheet Factory Ltd (UGSFL), a state-owned glass manufacturer, resumed production yesterday after a one-year gap.
7 August 2021

Losses piling up for flower growers

Sumon Biswas cultivated roses and Gerbera daisies on four bighas of his land in Gadkhali village of Jhikorgacha upazila in Jashore district.
7 August 2021

Digitalisation to help reach new markets: experts

Digitalisation is enabling businesses to reach new markets and help the economy move towards sustainability, according to speakers at a webinar held yesterday.
7 August 2021

Pandemic turns 22 lakh jobless: DCCI

During the pandemic around 22 lakh people lost their jobs as the country’s economy, trade and investment went through a very challenging time, said Rizwan Rahman, president of the Dhaka Chamber of Commerce and Industry (DCCI), yesterday.
7 August 2021

Brac to issue Tk 1,350cr bonds

Brac, the largest microcredit provider in Bangladesh, has stepped forward to issue zero-coupon bonds worth Tk 1,350 crore through private placement.
7 August 2021

Falling potato prices fan farmers’ woes

A bumper yield of potato has now become a matter of concern for growers and traders as demand for the tuber declined for the ongoing countrywide lockdown.
7 August 2021

Are stock indices overvalued?

Soaring market capitalisation last week pushed Bangladesh’s stock exchange indices to their highest point since inception in 2013 thanks to increased investor participation.
7 August 2021

State-owned Usmania Glass resumes production after a year

State-owned Usmania Glass Sheet Factory Limited (UGSFL) resumed production today after a year with the experimental production of one lakh square feet of glass.
7 August 2021

Digitalisation enabling businesses reach diversified markets: analysts at ICAB webinar

Digitalisation is enabling businesses reach diversified markets and helping the economy to move towards sustainability, analysts said at a webinar today.
7 August 2021

Banks to remain closed on Aug 8

Bangladesh Bank yesterday decided to keep banks closed on August 8 to contain the latest wave of the coronavirus pandemic.
5 August 2021

BB set to rein in excess money supply

The Bangladesh Bank yesterday decided to mop up excess liquidity as it is hurting banks, savers and small borrowers and threatening to create instability in the economy through asset bubbles.
5 August 2021

Google pays Tk 2.3cr VAT to NBR

Global tech giant Google has paid Tk 2.30 crore as value added tax (VAT) directly to the National Board of Revenue.
5 August 2021

Amusement parks seek to reopen

The Bangladesh Association of Amusement Parks and Attractions (Baapa) has urged the government to allow opening amusement parks all over the country in tune with other businesses once the ongoing lockdown ends on August 10.
5 August 2021

Economy hit harder than thought

The economy grew 3.51 per cent in the fiscal year 2019-20, the slowest pace of expansion in three decades, as the pandemic wreaked havoc across the country, according to the final figure of state-run Bangladesh Bureau of Statistics (BBS).
5 August 2021

Brac Bank gets ‘Best Cash Management’ award

Brac Bank has recently been named for a Best Cash Management Bank Award 2021. 
5 August 2021

Stocks rise for sixth straight day

All three Bangladesh stock indexes closed at record highs yesterday after a rocky week when investors were fretting over the Delta coronavirus variant while Bangladesh Bank launched an expansionary monetary policy for the current fiscal year.
5 August 2021

Rising demand a blessing for Madhupur pineapple farmers

Pineapple farmers based in the Madhupur Garh region of Tangail district are ecstatic about the increasing demand for the fruit that has allowed them to secure better prices compared to previous years.
5 August 2021

Bank locker: an option to protect valuables

Iqbal Hossain Shaon works at a multinational company in Dhaka. He has to go out of the capital frequently for official purposes.
5 August 2021

BGMEA turns to global buyers

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday urged global apparel buyers to nominate more shipping lines and private off-docks to help ensure timely shipment of export containers.
5 August 2021