business
FBCCI chief for operational model for single-digit lending rate
FBCCI President Sheikh Fazle Fahim on Thursday urged the Finance Ministry and other stakeholders to work out an operational model for banks and businesses for ensuring sustainability under the new regime of single-digit lending rate.
Unemployed youth gets Tk 5 lakh after buying Walton fridge
Md Sumon, an unemployed young man of Begumganj upazila in Noakhali, got Tk 5 lakh after purchasing a Walton branded refrigerator under the company’s nationwide ongoing Digital Campaign Season-6.
Export earnings fall by 4.79 pc in eight months
Bangladesh’s export earnings dropped by 4.79 pc in the first eight months of the current fiscal year compared to the corresponding period of 2018-19 fiscal year.
US Trade Show: IBBL gets prize for stall design
Islami Bank Bangladesh Limited (IBBL) has received prize for “Excellence in Stall Design” at the US Trade Show-2020 organised by the American Chamber of Commerce in Bangladesh.
China's factories try to shield workers as output revives
To keep his 40 employees indoors and away from China's virus outbreak, the manager of an electronics factory in Dongguan, near Hong Kong, says he hired a cook and arranged dormitories for them.
Companies trim outlooks, travel and staff as virus spreads
GROUNDED AIRPLANES: United Airlines will cut international and U.S. flying, freeze hiring and ask employees to volunteer for unpaid leave as it struggles with weak demand for travel because of the new virus outbreak. United said Wednesday it will reduce passenger-carrying capacity 20% on international routes and 10% to 12% in the U.S. United executives expect the reductions will carry into May. Beyond that, it depends what happens to bookings over the next few weeks. United's CEO and president say they hope the moves are enough, but the nature of the outbreak requires the airline to be flexible in how it responds.
Jashim Uddin elected chairman of Bengal Commercial Bank
Md Jashim Uddin, vice-chairman of the Bengal Group and former first vice president of FBCCI, was elected Chairman of Bengal Commercial Bank for three years.
Coca-Cola to invest $200 million in Bangladesh
The Coca-Cola company has taken a plan to invest $200 million in Bangladesh over the next five years.
G-7 major economies pledge cooperation to deal with virus
Seven major economies pledged to use "all appropriate tools" to deal with the spreading coronavirus but announced no immediate actions.
Smartphone market surges 4.1pc on optimism
According to a report published by International Data Corporation’s (IDC) Worldwide Quarterly Mobile Phone Tracker, 4Q19, Bangladesh’s mobile phone market returned to growth in 2019 with a 4.1 percent annual growth, shipping 29.6 million units during the year.