Business and Trade

BTRC to finalise directives for mobile operators soon

The Bangladesh Telecommunication Regulatory Commission (BTRC) will soon finalise Equipment Identity Register (EIR) directives for mobile network operators (MNOs) in the country.

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Price fall in large-cap drives stocks down

Stocks on Sunday closed the session of the week with downward trend due mainly to price fall in large-cap securities. The falling major sectors were engineering, food and allied

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Tk 4,250cr earned through fish export from Khulna

The government earned Tk 4,250 crore through exporting 73,171 metric tons frozen shrimp and white fish from Khulna district in 2017-2018 fiscal year. More than 62,229 metric tons

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Row over dues: BTRC taking hard line against GP, Robi

Bangladesh Telecommunication Regulatory Commission (BTRC) is going to stop issuing fresh no objection certificates (NOCs) to Grameenphone and Robi over the row about dues to the

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No gas, power connection to industries set up in undesignated areas: Nasrul

State Minister for Energy and Mineral Resources Nasrul Hamid on Monday said gas and power connections would not be given to the industrial unit unless those are established in

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DU researchers again ‘find traces of antibiotics’ in milk samples

Researchers again claimed to have found traces of antibiotics in 10 samples of pasteurised and unpasteurised milk produced by several companies. Ten samples – seven pasteurised

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Telcos asked to submit Q2 payments to NBR

Bangladesh Telecommunication Regulatory Commission (BTRC) yesterday declined to receive last quarter’s (April - June, 2019) payments of different charges including revenue

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Bangladeshi apparel makers vent concern over EU-Vietnam FTA

Bangladesh will face stiff competition in apparel export to European Union (EU) as its competitor country Vietnam signed a free-trade agreement (FTA) with the EU, said BGMEA

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NBR to issue VAT consultant licence

The National Board of Revenue will give licences to eligible individuals as VAT consultants to advise businesses on issues related to value-added tax and represent them in tax

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NBR must collect Tk 1 lakh cr more

The National Board of Revenue in the current financial year 2019-20, will have to collect at least Tk 1 lakh crore or 46 per cent more than what it has collected in the just

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Stocks in red again as revised tax, gas price hike disappoint investors

Dhaka stocks returned to negative zone in the past week as investors were disheartened by the revised tax measures on the listed companies in the finance bill and the government

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Boeing’s Dreamliner plant is said to face federal inquiry

The US Justice Department, which has been looking into problems with Boeing is 737 Max jet, has broadened its investigation to include the production of the company is 787

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Automated migration process by this year

The migration process of Bangladeshi jobseekers will be brought under automation to save them from harassment by brokers and recruiting agencies, State Minister for Expatriates

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Overhaul budget system: Speakers

Speakers at a roundtable on Friday called for an urgent and complete overhaul of the budget system to attain the nation’s desired goal in line with the spirit of the Liberation

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Azerbaijan keen to import more Bangladeshi products

Azerbaijan wants to import different products, including furniture, ceramic tiles, pharmaceuticals and software, from Bangladesh. Ambassador of the Republic of Azerbaijan based

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Trade disputes to dominate as ASEAN meets in Bangkok

Southeast Asian leaders will dissect the impact of the US-China tariff war this weekend at a Bangkok summit, with Beijing determined to drive forward a trade pact sweeping in 40

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US ban will cost us $30 billion: Huawei

Huawei will miss sales forecasts by about $30 billion over the next couple of years because of a US campaign against its business, the founder and CEO of the Chinese tech company

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Telcos not allowed to erect new tower

As telecom operators do not have the right to erect new mobile phone towers, they must sell or lease their towers to companies having tower-sharing licences, according to the new

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Cos reluctant to follow BSEC order to block directors’ shares

The listed companies are showing their unwillingness to block their directors’ shares using a Central Depository Bangladesh module as per a directive market regulator Bangladesh

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Sweet taste to beat the heat

Only the heavenly taste of mango makes summer bearable in Bangladesh. Mango, known as the king of fruits, has a lot of health benefits. The antioxidant compounds in the fruit are

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Private sector credit growth hits 57-month low in April

Private sector credit growth hit a 57-month low in April this year amid rising liquidity crisis in the country’s banking sector due to poor deposit growth. As per the latest

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Summit, JERA Asia team up for $500m energy project

Summit Corporation and JERA Asia yesterday signed a memorandum of understanding to initiate an energy infrastructure project at Matarbari in Cox’s Bazar involving an investment

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Satkhira mangoes being exported to Europe this year, too

Buoyed by their success over the last three years, farmers Satkhira are all set to export mangoes produced in the district to the Europe this year, too. Deputy Director of the

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Panasonic joins firms stepping away from Huawei after US ban

Japan is Panasonic on Thursday said it would stop supplying some components to Huawei, joining a growing list of firms distancing themselves from the Chinese telecoms giant after

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Mobile networks in Asia, Europe suspending Huawei smartphones order

Mobile networks in Asia and Europe are suspending orders for Huawei smartphones following the US decision last week to restrict the company is access to American technology.

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Asia stocks fragile as trade anxiety overshadows Huawei reprieve

Asian stocks were on shaky ground on Wednesday, as earlier relief over Washington’s temporary relaxation of curbs against China’s Huawei Technologies failed to offset deeper

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NEC approves highest ever Tk 2,02,721cr ADP for FY20

The National Economic Council (NEC) yesterday approved the highest ever Tk 2,02,721 crore Annual Development Programme (ADP) for the next fiscal year (2019-2020) giving priority

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Boeing acknowledges flaw in 737 MAX simulator software

Boeing acknowledged Saturday it had to correct flaws in its 737 MAX flight simulator software used to train pilots, after two deadly crashes involving the aircraft that killed 346

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Govt’s bank borrowing rises as tax receipt slow

A sluggish growth in tax collection pushed the government to borrow from the country’s banking system in March and April this year as half of the annual development programme is

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Another Boeing added to Biman fleet

A Boeing 737-800 aircraft was added to the fleet of Biman Bangladesh Airlines on Thursday. The aircraft, brought on lease from Kuwait is Alfaco arrived at Dhaka airport around

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Suspicious financial transaction rises 64pc

The number of reports on suspicious transaction and activities about money laundering and terror financing has increased nearly 64 per cent in the fiscal year 2017-2018 in

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‘Misunderstanding’ between businesses, tax officials about VAT law ends: Kamal

Finance minister AHM Mustafa Kamal on Tuesday said that the much vaunted new value-added tax law would be implemented from July 1 as a ‘misunderstanding’ between the

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Asian markets track big losses after China retaliates

Asian markets extended a global sell-off Tuesday following hefty losses on Wall Street that came in response to China is hike in tariffs on $60 billion of US imports, ramping up

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RMG sector posts 12.59pc rise in export earnings

Thanks to value added products, government policy support, capacity enhancement and completion of 90 per cent of the factory remediation work set by Accord and Alliance, the

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Eco-friendly brick businesses pacing up

Imagine working in an office that uses sunlight instead of artificial lights for illumination and that has in place central air conditioning instead of the split or window air

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Export earnings growth slows down in April

The country’s export earnings in April posted a paltry growth of 2.69 per cent year-on-year, falling short of the government target. Although, export earnings in April

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Falling import costs, adequate stocks bring down date prices

Adequate supplies and a decline in import prices have brought down the wholesale prices of different categories of dates, a commodity highly consumed during Ramadan, compared to

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Uber valued at $82.4bn as it prices IPO at $45 per share

Loss-making ride-hailing app asking investors to pay $45 per share – at the low end of the range it had set for Wall Street debut. Uber is seeking a valuation of $82.4bn, less

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Small, medium businesses face Tk 23,700cr financing deficit

The country’s micro, small and medium entrepreneurs suffer from financing gap worth Tk 23,700 crore that limits the growth of the key economic drivers, according to a

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Saudi investment group keen to invest in Bangladesh ports

Red Sea Gateway Terminal (RSGT), Saudi port operator and investment group, has expressed its interest to invest in Bangladesh’s port and terminal sectors. The group has also

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Walmart raises minimum age to buy tobacco products to 21

Starting in July, people under the age of 21 will no longer be able to buy tobacco products from Walmart or Sam’s Club stores in the United States Walmart Inc. announced on

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Big tobacco is fighting Colorado’s nicotine tax bill with powerful lobbyists

A company tied to cigarette-maker Philip Morris and popular vape brand Juul has spent thousands on social media ads against the tax hike. It’s also hired lobbyists from the

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Prices of essential goods stable: Tipu Munshi

Commerce Minister Tipu Munshi on Tuesday said that the government is satisfied with the overall market conditions of dairy products and the prices of essential goods are

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Tobacco firm BAT ‘costs developing countries $700m in tax’

British American Tobacco has been accused of depriving developing countries of hundreds of millions of dollars in tax by using “financial manoeuvring” to shift profits to a UK

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Biman slow to capitalise on market growth: Airbus official

Biman Bangladesh Airlines, the national carrier, is being slow in taking advantage of the aviation market growth. “What usually happens is that home airlines take 40 to 50 per

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Tipu for fair price of RMG products in US market

Commerce Minister Tipu Munshi yesterday underscored the need for ensuring fair price of Bangladeshi RMG products in the US market.

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Salman urges OIC states to step up investment

The Prime Minister’s adviser on private industries and investment, Salman F Rahman, urged all member countries of the Organisation of Islamic Cooperation (OIC) to increase

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Tipu for ensuring workplace safety for garment workers

Commerce Minister Tipu Munshi yesterday urged owners of the garment factories to ensure workplace safety along with increasing others facilities to make apparel sector

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GP urges BTRC to withdraw ‘illegal’ audit demand

Grameenphone Ltd on Tuesday in a letter to the Bangladesh Telecommunication Regulatory Commission (BTRC) labelled the regulator’s recent audit demand of Tk 12,579.95 crore as

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Commerce minister for Bangladesh, Canada business forum

Commerce Minister Tipu Munshi yesterday underscored the need for setting up a forum to boost communication between the businessmen of Bangladesh and Canada. “If such a forum is

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