Wednesday, 28 Oct, 2020

Business

NRBC Bank distributes protective equipment in hospitals

DHAKA: For protection from contamination of Coronavirus, NRBC Bank Ltd. has taken a noble initiative of providing set of protective equipment for the doctors, nurses and healthcare professionals of the hospitals dedicated to treatment of Coronavirus (COVID-19) victims. As part of its

BSTI bans 17 products

DHAKA: Bangladesh Standards and Testing Institution (BSTI) has imposed ban on selling, distributing, storing and advertising 17 products. Besides, show-cause notices were also served to the companies over their substandard items, said a BSTI release on Saturday (April 25). BSTI

Small businessmen incur loss of Tk 40,000 crore in 30 days

DHAKA: The supermarkets, markets and shops of the country have been closed since March 25 in line with the government holiday in a bid to check the novel coronavirus (COVID-19) outbreak.    The small businessmen are being affected severely due to closure of their institutions.

Covid-19 cripples businesses

The entrepreneurs and businessmen, who took loans from banks, are seeking exemption from payment of interest till December as COVID-19 has taken a heavy toll on investors as trade and economic activities have stalled during the global pandemic. If borrowers are not relieved of the

US oil prices turn negative as demand dries up

The price of US oil has turned negative for the first time in history. That means oil producers are paying buyers to take the commodity off their hands over fears that storage capacity could run out in May. Demand for oil has all but dried up as lockdowns across the world have kept

Expatriates prefer bKash to send remittance amid Covid-19 crisis

DHAKA: In this worldwide 'lockdown' situation enforced for preventing Covid-19, expatriate Bangladeshis are relying on online-to-wallet money transfer service to send remittance to their loved ones back home.  During this time of emergency, the expatriate Bangladeshis as well

LafargeHolcim’s Dhaka office declared layoff

DHAKA: LafargeHolcim Bangladesh Ltd has declared layoffs of its head office in Dhaka amid the coronavirus pandemic.  The public listed cement multinational company has also decreased sales during the countrywide shutdown.  The layoffs began on April 12, 2020 and will continue

LafargeHolcim’s Dhaka office declared layoff

DHAKA: LafargeHolcim Bangladesh Ltd has declared layoffs of its head office in Dhaka amid the coronavirus pandemic.  The public listed cement multinational company has also decreased sales during the countrywide shutdown.  The layoffs began on April 12, 2020 and will continue

87pc RMG workers received wages, says BGMEA

DHAKA: Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Thursday (April 16) claimed that about 87 per cent of its listed factory workers received wages of March, 2020. BGMEA president Dr Rubana Huq also said the rest mostly belong to small and medium factories who

World’s first portable Hand Washing Solution launches in Bangladesh

DHAKA: WaterSHED Holdings Singapore Ltd. has recently launched the first ever portable hand washing solution of the world “HappyTap” in Bangladesh. While the entire world is talking about the importance of hand washing and cleanliness to stay protected from COVID-19 / Corona Virus and

World Bank approves $350m for 3 Bangladesh projects

DHAKA: The World Bank has approved $350 million grant for three projects to help Bangladesh address the needs of the host communities and the displaced Rohingya in Cox’s Bazar district including health services, response to gender-based violence, social protection, basic services and

Market closure extended till April 4

DHAKA: All markets, super shops, shopping malls and retail shops across the country will remain closed until April 4, as the duration has been extended for four more days. Bangladesh Shop Owners Association took the decision as a precautionary measure to contain coronavirus infection

Biman extends int'l flights suspension until April 15

DHAKA: Bangladesh has suspended flights to all international routes except London and Manchester until April 15 following the global outbreak of coronavirus. Biman’s flight suspension to Jeddah, Madina, Riyad, Dammam, Kuwait, Doha, Masqat and Bangkok have been extended till April 5,

10am to 12pm bank transaction during holidays

DHAKA: Bangladesh Bank has fixed transaction hours from 10am to 12pm for customers during the holidays (March 29 to April 02) declared by the government to prevent outbreak of the coronavirus. However, operation hours of all the banks will be from 10am to 1.30pm, the central bank said

Bangladesh Bank heist: US court dismisses case against RCBC

A US court has dismissed a civil case filed by Bangladesh Bank against Manila-based bank Rizal Commercial Banking Corp, individuals and firms over $81-million cyber-hacking and money laundering case in 2016. Bloomberry Resorts Corp – parent firm of Solaire Resort & Casino operator

Markets, malls, shops to shut from March 25-31

DHAKA: All Markets, super shops, shopping malls and retail shops across the country will remain closed from March 25 to 31 as a precautionary measure to contain coronavirus infection in the country. Bangladesh Shop Owners Association took the decision in a meeting this evening.

Coronavirus: Stocks plunge despite global central bank action

Global stock markets have sunk despite central banks around the world announcing a co-ordinated effort to ease the effects of the coronavirus. London's FTSE 100 index has fallen more than 6%, and other major European markets have seen similar falls. On Sunday, the US Federal

Asian stock markets tumble after oil prices crash

Asian stock markets fell sharply on Monday spooked by a major crash in oil prices and weak economic data. In Japan, the benchmark Nikkei 225 index fell more than 5% while in Australia, the ASX 200 slumped 7.3%, its biggest daily drop since 2008. Markets have been rattled by the

Samsung launches state-of-the-art flagship store at Dhaka Cantonment

South Korean tech giant, Samsung and its partner Electra International have inaugurated a showroom at CSD, Dhaka Cantonment. The new flagship store will showcase all the latest cutting-edge innovations of Samsung, including Television, Refrigerator, Air Conditioner, Washing Machine,

Onion price drop by end of March

DHAKA: The onion price will come down when new onions come into the market at the end of March, said agriculture minister Dr Abdur Razzak Mahmud Hossain. Onion will come into the market after 15 to 20 days. Then, problem will be solved immediately, added the minister. He said this