Business

FDI in Bangladesh drops by 11pc in 2020: UNCTAD

The inflow of FDI in Bangladesh dropped by around 11.0 per cent in 2020 to US$2.56 billion from $2.87 billion in 2019, according to the World Investment Report (WIR) 2021, released by the United Nations Conference on Trade and Development (UNCTAD) on Monday morning from Geneva.The report predicted t...

Business

Production begins at GPH Ispat new plant

GPH Ispat, a listed steel manufacturing company, started commercial production at its new Tk 23.90 billion expansion plant on Monday.The company started commercial production using state-of-the-art technology after successful commissioning (partially) with the help of local technicians as well as on...

Business

Thailand announces full tourism reopening in 120 days

Thailand is eyeing to fully reopen the country to foreign travellers in 120 days and give at least one dose of vaccine to the majority of residents by early October to revive the tourism-centric nation’s economy.Prime Minister of Thailand Prayuth Chan-Ocha said this in a national address on Ju...

Business

BIBM certification programmes help banking professionals’ skill dev

Bangladesh Institute of Bank Management (BIBM) has been running 8 certification programs aiming to build skilled bankers. The bankers who have completed these programs are playing an important role in the banking sector by acquiring specialized knowledge and unique skills in the workplace. ...

Business

Global crash, steep fall in growth feared

Experts at a virtual session feared a global crash ahead in which growth would fall steeply leading to public indebtedness, disintegration of democracy, and a collapse of international cooperation.   They also expressed that the possibility of a "bad" scenario in which the world ...

Business

ICMAB accords reception to new CMAs

The Council of The Institute of Cost and Management Accountants of Bangladesh (ICMAB) accorded reception to the students who successfully passed CMA December 2020 final examination. The program was held on Thursday at ICMAB Ruhul Quddus Auditorium. Commerce Secretary Tapan Kanti Ghosh atte...

Business

GLIL inks agreement with Islamic Relief

Guardian Life Insurance Limited and ISLAMIC RELIEF BANGLADESH have recently signed a group insurance agreement under which all the employees of ISLAMIC RELIEF BANGLADESH and their dependent family members will enjoy group life and hospitalization insurance coverage. Sheikh Rakibul Karim, FCA,Ac...

Business

RFL launches new bathroom fittings brand

RFL Plastics Limited, a concern of RFL Group, has launched Shine Platinum Bathroom Fittings using bubble flow technology with attractive designs and using high quality raw materials. RFL’s Group Managing Director RN Paul unveiled the new series at RFL Group's head office in Badda on Saturd...

Business

Nagad becomes a model of PPP in fintech world

Top regional financialintuitionsleaders highly praise the public private partnership model of Nagad, a mobile financial service arm of Bangladesh Post Office, saying that this can be the role model for include the unaccounted population to the book.In the 11th CEO TALK of the Asian Institute of Tech...

Bank & Insurance

Bashundhara vice-chairman greets Rupali Bank chairman

Bashundhara Group Vice Chairman Safwan Sobhan Tasvir has greeted newly-appointed Chairman of state-run Rupali Bank Limited Kazi Sanaul Hoq. On behalf of the Bashundhara Group vice chairman, its head of banking Mohammad Nurul Huda conveyed the greetings to Sanaul Hoq, an eminent banker of the co...

Bank & Insurance

IBBL Dhaka NZ holds seminar on Shari’ah compliance

Islami Bank Bangladesh Limited Dhaka North Zone organized webinar on ‘Compliance of Shari‘ah in banking sector’ on Saturday. Major General (Rtd.) Engr. Abdul Matin, Chairman of Risk Management Committee of the bank addressed the seminar as chief guest. Mohammed Monirul Moula, ...

Business

Extensive natural gas exploration stressed for cost-effective energy supply

Speakers at a webinar on Saturday stressed extensive exploration for natural gas to ensure cost effective energy supply in the industries in future. They alleged that LNG and LPG are being used in the industries but the volume is very low because of its higher price. They also opined that ...

Business

Evaly, Realme tie up to launch 5G devices

Evaly and realme announces to work together to bring the fifth-generation mobile network or 5G supported devices to the country's market. A Memorandum of Understanding (MoU) was recently signed in this connection between the two organizations. Shamima Nasrin, Chairman of Evaly and Tim ...

Business

Dhaka, Muscat to expand economic partnership

Bangladesh and Oman have discussed formation of a joint business council as the two countries see "huge potential" for expanding economic partnership.The two sides at the first ever foreign office consultation (FOC) held virtually on June 8 also discussed possibilities of investment in Hig...

Business

$300b market by 2025 for Augmented Reality

Huawei and third-party data predict that the Augmented Reality (AR) market will be worth $300 billion by 2025. Reinforcing the prediction, Bob Cai, Chief Marketing Officer, Huawei Carrier BG, has delivered a keynote speech titled ‘5G + AR, Turning Dreams into Reality’ at Huawei’s B...

Business

Stable growth despite lack of reliance on readymade product export

"A closed-order deals environment which is stable in nature can provide powerful expectations for the key actors and motivate them to innovate, invest and create industries that lift the economy and produce high rates of growth”, said experts in a webinar on Thursday.They opined that over...

Business

Tourist destinations begin to reopen in India

The TajMahal and other historical monuments in Agra, India, reopened to tourists on  Wednesday , after having remained closed for more than 2 months due to a surge in COVID-19 cases during the second wave of the coronavirus pandemic.The TajMahal was closed to tourists on April 4, when the secon...

Business

Dhaka, Vienna sign deal for air transport regional hub

An agreement was signed between Bangladesh and Austria for making an air transport regional hub between the two countries. The airline agreement was signed in Vienna recently, notified the Ministry of Foreign Affairs in a circular on June 8. Bangladesh Ambassador to Austria Muhammad Abdul Muhit...

Business

BRAC, H&M Foundation to host global confce on RMG

A three-day global conference to safeguard the livelihood of the women workers in the readymade garment sector in Bangladesh will kick off on June 22, Tuesday. The event titled ”STITCH for RMG global innovation conference” will be held virtually till June 24. The conference is ...

Business

Govt launches GRS for tourism sector

Bangladesh government has launched Grievances Redress System (GRS) through the online complaint redressed management platform to receive and redress the grievances of hospitality service recipients and all guests in various units of Bangladesh Parjatan Corporation including hotels-motels-restaurants...