Bangladesh Telecommunications Company Limited’s revenue slumped 22.23 percent to Tk 886.81 crore last fiscal year, in yet another emblem of the steady decline of the once hugely profitable state-owned enterprise. In fiscal 2008-09, when it was declared a company from a state organisation, its revenue was Tk...
The rate of online sales through different e-commerce platforms accounts for a very limited portion of the total retail sales in Bangladesh, according to a World Bank (WB) study. "Global online purchases account for about 16 per cent of total purchases, and the figure is more than...
Bangladesh’s exports will grow 7.3 percent next year, down 1.8 percentage points from that in 2019, as the ongoing global trade tension continues to hurt business in Asia and the Pacific, a new United Nations report said. Still, the projected export growth of Bangladesh will be the...
Despite sluggish merchandise exports from Bangladesh in the outgoing year 2019, a United Nations (UN) body forecasts positive annual export growth for the country. The UN Economic and Social Commission for Asia and the Pacific (ESCAP) made the projections in its latest Asia-Pacific Trade in Goods Trends...
The local currency appreciated by two paisa against US dollar on Wednesday after nearly three years in the inter-bank foreign exchange (forex) market. Dollar was quoted at Tk 84.88 per unit on the day against Tk 84.90 of the previous working day, according to market operators. "The...
Zakia Ferdoush, an entrepreneur from Rangpur, ran after a number of banks for at least a year to borrow Tk 5 lakh she urgently needed to expand her business, but lenders did not pay heed to her plea. “I applied with different lenders, but they denied me...
Dhaka stocks on Tuesday crash-landed to a nearly three and a half years low as panicked investors went for rampant selling as the government and market regulators remained oblivious to the ongoing market turmoil, said market operators. DSEX, the key index of Dhaka Stock Exchange, lost 1.78...
Sustainable businesses can unlock new market opportunities worth $51 billion in Bangladesh and $5 trillion in Asia by 2030, according to the Global Reporting Initiative’s (GRI) Sustainability Reporting Framework. The GRI identified seven areas for sustainable business practices by companies: women care, skill development, equal pay, employing...
A Vietnamese firm that has been assigned to automate the VAT administration is set to miss the deadline because of its incapacity and the required back-up administrative reform. About Tk 2.76 billion or 40 per cent of the fund of the VAT Online Project (VOP) has so...
Bangladesh’s e-commerce market stands at $1.6 billion currently and will double to $3 billion by 2023 on the back of a digital foundation laid down by the government and a young and tech-savvy population, a German research firm said recently. In terms of e-commerce revenue, Bangladesh is...