Sales pick up as Eid nears

With Eid less than a week away, smiles have returned to the face of retailers after sales picked up as customers thronged shopping centres, defying the risk of contracting the deadly coronavirus.
10 May 2021

BioNTech to build mRNA vaccine manufacturing site in Singapore

BioNTech plans to set up a regional centre and a new factory in Singapore for its vaccines, it said on Monday, boosting its presence in Asia as a debate over patents rages and pressure grows on drugmakers to raise output of Covid-19 shots.
10 May 2021

Jack Ma makes rare visit to Alibaba headquarters in Hangzhou

Alibaba founder Jack Ma, largely out of public view amid a regulatory clampdown on the group, made a rare visit to its Hangzhou campus on Monday during the e-commerce giant’s annual “Ali Day” staff and family event, company sources said.
10 May 2021

UK’s Provident Financial to close troubled doorstep-lending arm

UK’s Provident Financial said on Monday it was exiting its 141-year-old doorstep-lending division, adding that it has begun a consultation process for 2,100 employees, as the pandemic delivered the final blow to the loss-making business.
10 May 2021

Vanguard announces 15pc cash dividend

While the DSEX, the Dhaka Stock Exchange’s benchmark index, witnessed its lowest level in nearly seven years since January 2013, Vanguard Asset Management managed an open-end mutual fund showcasing noteworthy performance even amidst the pandemic.
10 May 2021

Stocks cheer prospects for low rates, oil jumps on pipeline outage

World stocks ticked up to new peaks on Monday on bets interest rates will remain low and the economy continue its recovery, while oil prices jumped after a cyber attack on a US pipeline operator unnerved markets.
10 May 2021

Investors chide Toyota’s Toyoda for questioning combustion car ban

Some Toyota Motor shareholders have criticized its President Akio Toyoda for questioning Japan’s plans to ban conventional cars only days after the firm said it was reviewing its climate lobbying and aimed for carbon neutrality by 2050.
10 May 2021

What should be tax policy response to the pandemic in FY22?

In the Addis Ababa Action Agenda 2015, which aims to provide a global framework for financing the Sustainable Development Goals, countries committed to enhancing revenue administration through modernised, progressive tax systems, improved tax policy, and more efficient tax collection.
10 May 2021

Shop owners in Sylhet, Rangpur in a festive mood at last

Various businesses across the Rangpur and Sylhet regions are seeing an influx of customers ahead of Eid-ul-Fitr, which is likely to be celebrated on May 13 this year.
10 May 2021

10pc RMG factories yet to pay salary, bonus

Not all garment factories have been able to pay workers’ salaries and festival allowances within the government-set deadline ending yesterday.
10 May 2021

Small farmers produce the bulk of foods

The small, marginal and landless farmers together account for around 70 to 80 per cent of the country’s food production, said agricultural analysts.
10 May 2021

No challenge, no growth

Every leader has his time in the sun, and it is all about reinventing the sunlight when it is gloomy. Eclipse comes from complacency, and people suffer from inertia if there is no challenge in life.
9 May 2021

SBAC Bank to raise Tk 100cr

South Bangla Agriculture & Commerce (SBAC) Bank is set to go public in order to raise Tk 100 crore from the stock market.
9 May 2021

PHP now making reflective glass

PHP Float Glass Industries, a concern of PHP Family, has started manufacturing reflective glass for the first time with plans to export it on meeting local demand.
9 May 2021

Jashim Uddin elected FBCCI president

Md Jashim Uddin, a representative of the Bangladesh Plastic Goods Manufacturers and Exporters Association, has been elected president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) for 2021-23.
9 May 2021

Singer opens washing machine plant

Singer Bangladesh has commenced manufacturing washing machines at its Savar plant that has a capacity to produce 420,000 units per year.
9 May 2021

ADP spending may expand by 14pc

The government may allocate Tk 225,324 crore to implement development projects in the next fiscal year, which is 14 per cent higher than that in the revised budget.
9 May 2021

FBCCI to turn its new 13-floor building into Covid hospital

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today launched its new 13-floor building and announced that it would be turned into a Covid-19 hospital.
9 May 2021

Pay garment workers by tomorrow: state minister for labour

The government today asked the garment factory owners to clear the payments of workers’ salaries, bonuses and other dues by tomorrow so that the workers can enjoy the Eid-ul-Fitr.
9 May 2021

Md Jashim Uddin, new president of FBCCI

Md Jashim Uddin has been elected as the new president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) for the 2021-23 tenure.
9 May 2021