Business

Progress Motors Imports Ltd, authorized representative of the Audi brand in Bangladesh, has launched three new models —Audi A6, Q3 and Q8 — in its showroom in the capital this month.  Amid the coronavirus pandemic, Audi Dhaka remains vigilant in protecting the health and safety of both...

Businesses should use the funds from the stimulus packages properly to make a turnaround from the ongoing economic fallout, or else they will collapse into a bad state of affairs, said a top banker. The Tk 100,000 crore stimulus packages, unveiled by the government in response to...

Speakers at an international webinar on Saturday identified liquidity shortage and cash management in corporate world as the main challenges for businesses and professionals in the post Covid-19 era.  “We need to ensure high standard professional judgement in addition to International Financial Reporting Standard (IFRS) to handle...

The makers of cereal, toiletries and other supermarket staples in Bangladesh are increasingly working to reshape their product lines to keep cash-strapped consumers from trading down as the coronavirus pandemic continues to limit economic activities and cut incomes of millions of people. Some fast-moving consumer goods companies...

Four auto oil mills under the Naogaon BSCIC Industrial City are producing around 20 thousand liters edible oil and 36 thousand kgs oilcake (khail) daily. “The edible oil is being marketed in different parts of the country side by side with exporting those to...

Ride sharing startup Obhai recently added a plexiglass shield to its vehicles as part of its "Clean Care+" program to prevent drivers and passengers from getting infected with coronavirus. Encapsulated as well on driver’s seats, the plexiglass is made up of transparent 3mm acrylic...

Country’s merchandise trade deficit with its trading partners declined to $12.07 billion in the first nine months of the current fiscal year, thanks to the decreasing trend of import and export activities owing to the global coronavirus pandemic. The deficit dropped by $130 million or 1.07 %...

The Asian Development Bank (ADB) has expanded the Trade Finance Programme (TFP) to support the private sector in Bangladesh, by raising its financing limit to $755 million from $518 million at the end of last year. The TFP works with 12 partner banks...

A total of 10 dev projects involving Tk 162.76 billion approved The government on Tuesday approved two COVID-19 response projects at a combined cost of Tk 24.92 billion aimed at combating the outbreak of the deadly coronavirus in the country. Along...

With many countries beginning to emerge from lockdown in the wake of the coronavirus pandemic attention has turned to the economic recovery. The potential shape of that recovery - U-shaped, W-shaped, V-shaped or even 'square root shaped' - has split economists and strategists. All 50...