Business

Dhaka, Apr 4 : Oxfam in Bangladesh and Bank Asia Limited on Thursday signed a Memorandum of Understanding (MOU) to promote access to finance for the rural Micro Small and Medium enterprises (MSMEs). Through this collaboration, Bank Asia Limited will provide required financing facilities to the enterprises in Bangladesh as approved by the Oxfam Enterprise Development Programme investment committee. The ...

Growth in developing Asia could slow for a second straight year in 2019 and lose further momentum in 2020, the Asian Development Bank (ADB) said on Wednesday, warning of rising economic risks from a bitter Sino-U.S.trade war and a potentially disorderly Brexit. Developing Asia, which groups 45 countries in the Asia-Pacific region, is expected to grow 5.7 this year, the ...

Bangladesh Telecommunication Regulatory Commission (BTRC) has sent a letter to the country’s leading telecom operator Grameenphone to pay Tk 12,579.95 crore in dues. Of the total amount, GP owes Tk 8,494.1 core to BTRC while Tk 4,085.94 to National Board of Revenue (NBR), reports news agency UNB citing BTRC Chairman Jahurul Haque. “Grameenphone has been asked to pay the sum ...

The UK’s Big Four accountancy firms should be separated into audit and non-audit businesses, says an influential committee of MPs. Deloitte, EY, KPMG and PwC conduct 97% of big companies’ audits while also providing them with other services.   They are under review by the Competition and Markets Authority (CMA), which has proposed an internal split between the two functions. ...

Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and Nutrition International jointly launched a new initiative `Nutrition of Working Women (NoWW)’ to benefit women workers of knitwear factories in Bangladesh.   The launching program was held at hotel Pan Pacific Sonargaon in Dhaka. Abu Sayeed Al Mahmood Swapon, MP, Honorable Whip, Bangladesh Parliament was present as the chief guest on this program.  ...

Business groups have said they are “devastated” after Parliament’s latest rejection of the prime minister’s EU withdrawal plan. They urged MPs and the government to find a solution and stave off the “nightmare” of a no-deal Brexit.   “The UK’s reputation, people’s jobs and livelihoods are at stake,” said CBI deputy director-general Josh Hardie.   And the Institute of Directors’ ...

The pound fell Friday after Britain’s parliament again rejected a proposed deal to withdraw from the European Union.   Sterling had been mostly stronger against both the dollar and the euro in the runup to the vote, but then fell to its lowest point against the greenback in more than two weeks within moments of the count.   It then ...

Dhaka, Mar 27 : Private airline US-Bangla is introducing regular morning flights to and from Sylhet from March 31. It has been operating four flights on the Dhaka-Sylhet-Dhaka route since September last year. But the flights were at noon and evening. The morning flight will leave for Sylhet at 7amwhile another one will start for Dhaka at 8:10am, the company ...

The fourth Food and Agro Bangladesh International Expo-2019 will begin on March 27 at International Convention city, Bashundhara (ICCB) in the capital.   CEMS-Global is organizing the 4-day long expo.  Meherun N Islam, president and group managing director of CEMS Bangladesh, announced the details about the expo at a press conference at the Economic Reporters’ Forum on Monday.   “The ...

The BMW 1 Series has been one of the long-awaited launches not only for the Indian market but also globally. The 1 Series is BMW’s most affordable offering and has been around since 2011 globally. The hatchback also made its way to India in 2012. However, it was soon taken off the production line in India pertaining to its low demand. ...