China, North Korea poised to resume freight rail links as trade revives

China is set to resume cargo train service with North Korea, people familiar with the matter said, following a 15-month border closure due to COVID-19, as trade with the impoverished and isolated country begins to rebound.
21 April 2021

Construction work of first private hi-tech park begins

The construction of the Korean EPZ Hi-Tech Park in Anwara upazila of Chattogram began yesterday as its owner looks to set up Bangladesh’s first private enclave for information technology firms and startups.
21 April 2021

Brac Bank registers Tk 454cr net profit

Brac Bank registered a net profit of Tk 454 crore last year, sidestepping the business slowdown caused by the coronavirus pandemic.
21 April 2021

GP net profit drops 16pc

Grameenphone, the country’s biggest mobile phone operator, saw its net profit drop 16 per cent year-on-year to Tk 890 crore in the January-March quarter of 2021, impacted by a reduction in inter-connection revenue and economic uncertainties from Covid-19.
21 April 2021

Clothing brands still see Bangladesh as a major supplier

Despite the uncertainty caused by the coronavirus pandemic, international clothing brands are confident that Bangladesh will remain a major source of apparels in the coming months, according to a new study.
21 April 2021

Bangladesh to remain as major apparel supplier to brands, says CPD-IPS study

Despite uncertainty, international clothing brands are confident that Bangladesh will remain a major source of apparels in the coming months, according to a new study.
21 April 2021

Home delivery boom churns out 1 lakh jobs

Online shopping, grocery and food orders, which are growing at a fast clip, have emerged as a saviour for many during the pandemic as around one lakh people received jobs in the last year to cater to the delivery juggernaut.
20 April 2021

Benapole port users at risk of Covid infection

Around 10,000 people involved with the Benapole port are at risk of getting infected with Covid-19 due to their reluctance to abide by health safety guidelines.
20 April 2021

DBS, StanChart weigh bids as Citi retreats from Asia consumer business

Banks including DBS Group, Mitsubishi UFJ Financial Group, OCBC and Standard Chartered are set to bid for parts of Citigroup’s consumer business in Asia, people with direct knowledge of the matter said.
20 April 2021

Dubai Aerospace orders 15 Boeing 737 MAX jets

Dubai Aerospace Enterprise (DAE) on Tuesday announced an order for 15 Boeing 737 MAX 8 jets, signalling an end to the aircraft leasing giant’s pricing standoff with planemakers.
20 April 2021

UK unemployment falls again under government’s jobs shield

Britain’s unemployment rate unexpectedly fell for a second month in a row to 4.9% in the December-to-February period, most of which the country spent under a tight COVID-19 lockdown, official figures showed on Tuesday.
20 April 2021

China’s Great Wall aims for 20pc growth in sales of pickup trucks this year

China’s Great Wall Motor aims to sell around 270,000 pickup trucks this year, up from 225,000 units last year, Cui Xiaohui, general manager of Great Wall’s pickup truck unit said on Tuesday.
20 April 2021

China regulator probes Alibaba-Minmetals JV

China’s market regulator is investigating a joint venture between e-commerce giant Alibaba Group and Minmetals Development, Minmetals said on Monday, amid a broad antitrust clampdown on internet firms.
20 April 2021

For India’s poor, lockdown policing adds to pandemic hardships

Poor Indians are bearing the brunt of “pandemic policing” as the country struggles to contain a deadly second wave of COVID-19 cases by imposing stricter curfew rules and curbs on movement, rights advocates said.
20 April 2021

Creating an enabling ecosystem for fintech

Covid-19 has accelerated technology adoption across the board. A key sector that has witnessed a boom is financial services, viz. mobile financial service (MFS), cards, and other alternative payment methods. Fintech has unpredictably and truly arrived in Bangladesh.
20 April 2021

Watermelon -- a game changer for Khulna’s coastal farmers

The people of Khulna had not even considered watermelon farming just 10 or 12 years ago, when thousands of acres of land would remain uncultivated after the aman paddy season.
20 April 2021

Value differs, so does tariff

It is a 1,496 cubic centimetres (cc) car. If you import two of the identical sport utility vehicles – one through Chattogram port and another through Mongla Port -- you are likely to see a gap in the assessment of the import value of the vehicles by customs in the two ports.
20 April 2021

Stock rally carries on

The stock market continued to rise for a sixth day yesterday, sans the two-day weekend, while turnover almost doubled thanks to an increase in the participation of investors despite a deterioration of the coronavirus pandemic.
20 April 2021

NBFI borrowers can defer repayments till June

Borrowers of non-bank financial institutions (NBFIs) will get a fresh repayment deferral support of three months till June 30 this year.
20 April 2021

Construction costs burdened with cement price rise

The price of each 50-kilogramme bag of cement has increased by around 12 per cent, or Tk 50, to Tk 450 to Tk 460 -- a development that will push up construction costs, be it the government’s development projects or privately-owned buildings.
20 April 2021