DHAKA: The COVID-19 pandemic is severely affecting the country’s real estate and housing sector that contributes a significant percentage to Gross Domestic Product (GDP).  The construction industry is also closely connected with rod, cement and ceramic, among 458 sub-sectors and all

Though the global demand for shrimp is continuing to rise, Bangladesh is losing the market due to the inability of producing cheap and high-yielding Vannamei shrimp. Bangladeshi farmers are still dependent on expensive black-tiger species while neighbouring countries produce shrimp

DHAKA: Bangladesh High Commissioner to the UK Saida Muna Tasneem said the UK, which is the 2nd largest export destination for Bangladesh, is still attractive especially for Bangladeshi startups in expanding export periphery during the Covid-19 situation.  She said: “Last year,

DHAKA: NIVEA, the world’s No. 1 skin care brand, today announced that it has partnered with multiple e-commerce platforms making its wide portfolio of personal care brands now easily available to consumers with a simple click of their fingertips.  Launched across some of the leading

DHAKA: Prime Minister Sheikh Hasina on Sunday (May 31) announced a new stimulus package to waive Tk 2000 crore bank interest of around 1.38 crore loan recipients. She said this is the 19th incentive package for the borrowers who need not to repay Taka 2000 crore interest of the credits

DHAKA: Bangladesh Bank has asked banks to resume regular banking activities from Sunday (May 31) moving away from limited scale of banking activities due to the coronavirus pandemic. The central bank issued a circular on Thursday (May 28) directing also to enforce safety and hygiene

DHAKA: Syed Manzur Elahi, leading businessperson in Bangladesh, and his wife Niloufer Manzur have been diagnosed with the novel coronavirus (Covid-19). Their son Syed Nasim Manzur confirmed the news. He said that his father is being treated at home while his mother is undergoing

DHAKA: Mobile phone operator Grameenphone (GP) is set to pay last installment of Tk 1,000 crore to Bangladesh Telecommunication Regulatory Commission (BTRC) on Tuesday (May 19) as per Supreme Court order. BTRC Senior Assistant Director Md Zakir Hossain Khan confirmed the news on

DHAKA:  S M Anisuzzaman has joined as the Chief Executive Officer of Bangladesh Infrastructure Finance Fund Limited (BIFFL), one of the biggest Non Bank Financial Institutions in Bangladesh owned by the government of Bangladesh and represented by Finance Division of Ministry of

DHAKA: Bangladesh has sought a two-year duty-free access for its readymade garment (RMG) products to the US market as the coronavirus situation put the sector in trouble amid cancellations of orders worldwide. Foreign Minister Dr AK Abdul Momen made the plea to the US government when

DHAKA: Bangladesh’s booming economy has been hit by the onslaught of COVID-19 pandemic and it now needs to rebound as early as possible, but that demands the immediate reopening of all related government offices and organisations, according to experts. Most such offices are still not

DHAKA: The Bangladesh Standards and Testing Institution (BSTI) imposed a ban on sale, distribution and advertising of 43 products of different brands, including Danish, Suresh, Promi and Pubali Salt. Besides, show-cause notices were also served in this regard, said a BSTI release on

Saudi Arabia is tripling its value added tax (VAT) as part of austerity measures to support its coronavirus-hit economy. The government in Riyadh also said it will suspend its cost of living allowance to shore up state finances. The oil-rich nation has seen its income plummet as the

DHAKA: Bashundhara City Shopping Mall authorities have decided not to reopen it from May 10 in an attempt to curb the spread of the new coronavirus. The decision was taken as per the instruction of Bashundhara Group Chairman Ahmed Akbar Sobhan. Confirming the news, Mohammad Abu

DHAKA: The Bangladesh Bank has again extended the banking hours for customers by 30 minutes to 2:30 pm. Customers will carry out bank transactions between 10:00 am and 2:30 pm from May 10, the central bank announced on Tuesday (May 5). The new timetable includes a 15-minute prayer

DHAKA: The government has given permission to open business establishments on a limited scale ahead of Eid-ul Fitr. The cabinet came up with the directive on Monday (May 4). According to the gazette notification, social distancing and other health rules have to be followed properly

The Economist, the leading source of analysis on international business and world affairs, has placed Bangladesh as the 9th strongest economy in its report on the financial strength of 66 emerging economies in the wake of the Covid-19 attack. The ranking examines the vulnerability of

Tesla's founder Elon Musk wiped $14bn off the carmaker's value after tweeting that its share price was too high. It also knocked $3bn off Mr Musk's own stake in Tesla as investors promptly bailed out of the company. "Tesla stock price too high imo," he said, one of

DHAKA: The government is reviewing the waiver of interest on bank loans to keep the country's disrupted industrial and commercial sector on track amid the coronavirus situation. After the announcement of the stimulus package for the industrial sector of the country, the government

DHAKA: The Netherlands has assured Bangladesh that the Dutch buyers will not cancel or suspend their orders from the Bangladeshi readymade garment factories.   Minister for Foreign Trade and Development Cooperation Sigrid Kaag conveyed it to Foreign Minister AK Abdul Momen and