Millions of small businesses around the globe struggle to survive during the Covid-19 pandemic. More than three months had dragged by since the coronavirus forced Chandan Shekhar to shut down his business — a narrow, second-floor shop racked with vibrantly colored saris, on a block in New...
City Bank has signed a Memorandum of Understanding (MoU) with PrimaDollar to facilitate the exporters of the bank involved in foreign trade on deferred sales contract terms. PrimaDollar is a global trade financier, founded in 2015 and headquartered in the UK. At present, they have 12 offices...
Bangladesh has embraced a wide range of financial inclusion since 2010 by allowing a vast population to open an account with an initial deposit of Tk 10 to Tk 100 as the government looked to bring the unbanked under the umbrella of the banking sector. As of...
edotco Bangladesh, an integrated telecommunications infrastructure services company, deployed the country's first ever street furniture in collaboration with the Dhaka North City Corporation (DNCC). The new Smart City solution is the result of a recently signed Public Private Partnership (PPP) to develop Smart City Features on a pilot...
Although the business establishments make VAT payments every month alongside submitting their returns, the business entities would now be able to make VAT payments to the government exchequer directly from their bank accounts through online. The National Board of Revenue (NBR) is going to launch VAT e-payment...
The listing of five state-run energy companies is likely to be delayed due to ensuring compliance with rules formulated recently by the Financial Reporting Council asking the SoEs to issue shares against the government’s share money deposits within six months. The current coronavirus pandemic situation in the...
A trial run of trans-shipment between Bangladesh and India is finally going to start from Tuesday after overcoming various procedural and bureaucratic hurdles. Earlier, the trial run was supposed to begin in January but then the Covid-19 pandemic stalled the process for months. Another tentative schedule was...
The Covid-19 pandemic created a crisis but also brought opportunities for e-commerce entrepreneurs, leading to a massive spike in demand for contactless payments in the country, said Zunaid Ahmed Palak, state minister for ICT division, yesterday. There is no doubt that people in the past four months...
The Business has drastically changed in the last few months due to The COVID-19 pandemic. This situation is influencing the way the companies run their business and manage their people. If companies do not innovate and move forward with the changes, they will be left behind. This...