Business

Staff Correspondent Sir Fazle Hasan Abed, founder of Brac, announced his retirement as chairperson of BRAC Bangladesh and BRAC International yesterday. He will now work as the chair emeritus, effective August 2019, said a press release by the organisation. He will now focus on Brac’s global strategy and governance structure. Sir Fazle founded Brac in […]

Holiday Report The government has kept the prices of different types of rawhides of sacrificial animals during Eid-ul-Azha unchanged from last year. Tanners would buy per square feet salted cowhide and buffalo rawhide at Tk 45-50 in Dhaka and at Tk 35-40 for outside capital, as per a decision made after a meeting between Commerce […]

Bangladesh Sangbad Sangstha State-owned Bangladesh Telecommunications Company Limited (BTCL) announced on-net unlimited talk-time at monthly Taka 150 with no line rent aiming to offer more pro-people and time-befitting services. Besides, the public switched telephone network (PSTN) operator also fixed off-net (BTCL to other operators) call charge at Taka 0.52 per minute and this offer would […]

It is cautionary but flexible to address risks Business Correspondent Bangladesh Bank Governor Fazle Kabir on Wednesday unveiled the Monetary Policy Statement (MPS) for fiscal 2019-20 when domestic credit growth will be 15.9 percent. It is cautionary but enough flexible to address challenges. Taking separately private sector credit growth has been targeted in the MPS […]

Milk producing companies passed a week of uncertainty last week Holiday Report Locally pasteurized milk ilk is harmful for health — locally pasteurized milk is not harmful for health is the debate that captured public concern over the past weeks and few months. Following media report and credible laboratory test findings the High Court earlier […]

Agency report China’s Huawei Technologies said on Tuesday (last) that its revenue in the first half of the year grew 23.2 pc – faster than a year ago – despite an intense US campaign against it that ultimately became a trade ban from mid-May. Unlisted Huawei, which only started disclosing quarterly results this year, said […]

Holiday Report Germany is going to provide 200 million euros, or Tk 1,846.6 crore, to Bangladesh for implementing a number of development projects in different sectors, the Economic Relations Division (ERD) said in a press release. Of the fund, 172 million euros will be provided as economic cooperation and 28 million euros as technical cooperation. […]

Reuter British Prime Minister Boris Johnson pushed Britain closer to a no-deal exit from the European Union last week, insisting he will not hold Brexit talks with EU leaders unless the bloc lifts its refusal to reopen the existing divorce deal – notably the Irish backstop. Amid tough rhetoric from government ministers on Brexit, the […]

Holiday Report The first ever a cargo ship anchored at Narayangonj river port carrying stones aggregates from Bhutan as alternative to land route so far used through Indian territory. The ship with Bhutanese cargo set sail from Dhubri, in Assam and arrived at Narayanganj on July 17. An inaugural ceremony was held at Narayanganj on […]

Benchmark index plunges below 5,000 points Holiday Report The mysterious rise and fall in the stock market is coming as a big gimmick. Small investors fail to understand what pushed the prices up and what let it down by so big margin at a time when the bourse is losing investment in a free fall […]