India’s draft e-commerce policy calls for equal treatment of sellers

India will require e-commerce firms to treat sellers equally on their platforms and ensure transparency, according to a draft policy seen by Reuters on Saturday that follows criticism against business practices of big online companies.
13 March 2021, 18:00 PM

Bitcoin hits record $59,755

Bitcoin, the world’s biggest cryptocurrency, on Saturday reached a record high, trading up to $59,755.
13 March 2021, 18:00 PM

BIDS launches book on Bangladesh’s development journey

Bangladesh Institute of Development Studies (BIDS) has launched a book on Bangladesh’s journey towards development since its independence in 1971.
13 March 2021, 18:00 PM

Prepare to address LDC graduation-linked challenges

Experts yesterday urged the government to do its homework and prepare for any post-graduation challenges Bangladesh may face when it leaves the list of least-developed countries (LDC) in 2026.
13 March 2021, 18:00 PM

Customs commissioner Hossain Ahmed dies of Covid-19

Hossain Ahmed, customs and VAT commissioner of the National Board of Revenue (NBR), died of Covid-19 infection today.
13 March 2021, 15:38 PM

Tk 438cr project taken to bring fallow land under cultivation: agriculture minister

The government has taken a Tk 438 crore project to bring fallow lands under cultivation across the country, Agriculture Minister Muhammad Abdur Razzaque said today.
13 March 2021, 12:54 PM

BSEC to bring in six local conglomerates to market

Bangladesh Securities and Exchange Commission (BSEC) targets to bring to the market at least six local big industrial conglomerates with annual turnover of over $2.5 billion, BSEC Chairman Shibli Rubayat-Ul-Islam said today.
13 March 2021, 11:36 AM

Reduced supply causing rise in onion prices

Onion prices shot up in Dhaka markets over the last one week as supply of imported bulbs and early harvested varieties declined.
12 March 2021, 07:33 AM

NBR removes customs duty on yellow peas

The National Board of Revenue (NBR) has removed customs duty on yellow peas in order to allow importers to bring the essential commodity without facing hassles from customs.
11 March 2021, 18:00 PM

Rolls-Royce plunges to worse-than-expected $5.6b loss

British engine-maker Rolls-Royce plunged to a worse than expected 4 billion pound ($5.6 billion) loss in 2020 as the pandemic stopped airlines flying, but stuck to its forecast to burn through less cash this year.
11 March 2021, 18:00 PM

Most CEOs see their firms recovering by end 2021

US chief executives are more optimistic about rising sales and overwhelmingly expect a recovery from the Covid-19 downturn by the end of 2021, according to a survey released Wednesday.
11 March 2021, 18:00 PM

Nokia signs patent licence pact with Samsung

Nokia has struck a deal with Samsung to license patents covering its innovations in video standards, the Finnish telecom company said on Thursday.
11 March 2021, 18:00 PM

Zara owner Inditex’s 2020 profits slump on virus hit

Zara owner Inditex said Wednesday its profits plunged in 2020 as a surge in online sales failed to make up for enforced store closures due to the coronavirus pandemic.
11 March 2021, 18:00 PM

Ctg chamber wants a raise in tax-free income limit

The Chittagong Chamber of Commerce and Industry (CCCI) has proposed an increase in the tax-free income limit for individuals, women, the elderly, physically-impaired and freedom fighters in the next national budget, considering the adverse impacts of the ongoing pandemic.
11 March 2021, 18:00 PM

An inspiration for new e-commerce entrepreneurs

Nipa Sen Gupta, a resident of Rajshahi district, had no idea that the lessons learnt in her school-life could help her grow into a successful entrepreneur amid the ongoing coronavirus crisis.
11 March 2021, 18:00 PM

Local pharma makers fare well

Local pharmaceutical companies have fared well amid the ongoing coronavirus pandemic due to increased sales and export of hand sanitisers and face masks, according to a senior official of the drug administration on Wednesday.
11 March 2021, 18:00 PM

Denim Expert’s Mostafiz ‘sustainable fashion champion’

Mostafiz Uddin, managing director of Chattogram-based exporter Denim Expert, has been accorded a “Sustainable Fashion Champion” title at Drapers Sustainable Fashion Awards 2021.
11 March 2021, 18:00 PM

Investors still chasing junk stocks

Junk stocks have frequently featured on the top gainers’ list for the past few weeks, bringing into question investors’ preference for such shares despite their substandard performance.
11 March 2021, 18:00 PM

Development spending at decade low

Bangladesh’s development expenditure was recorded at its lowest in a decade during the July-February period of the current fiscal year as government agencies were able to spend just 33.83 per cent of the allocation, according to the Implementation Monitoring and Evaluation Division (IMED).
11 March 2021, 18:00 PM

BB to form Tk 500cr fund for startups

Bangladesh Bank yesterday decided to form a Tk 500 crore fund to help startups commence business. The central bank’s board of directors took the decision to enable the new entrepreneurs to avail financing from banks smoothly.
11 March 2021, 18:00 PM