Bangladesh has been a major beneficiary of globalization. The country has benefitted from the outsourcing of production to places where it can be done in a more cost-effective way. The ready-made garments (RMG) industry is labor intensive and labor is available in Bangladesh in abundance at a...
By the end of 2020, at least 20 billion devices along with more than 5 billion people and businesses will be integrated through digital technology. Digital Financial Service (DFS) promises extensive development of new potential which should lead to an impactful competitive advantage - one of which...
The Bangladesh Mobile Phone Manufacturing Association (BMPMA) has sought its share in the government-declared stimulus package to survive the COVID-19 pandemic. All the mobile handset assembly plants and factories are now out of operation during the ongoing countrywide lockdown, it said. In a letter to finance minister...
Businesses are facing difficulties in submitting VAT returns due to country-wide shutdown induced by COVID-19 outbreak. The deadline for return is April 15, 2020. Staffers of many business houses said their offices remained closed from March 26 in the line with the public holidays until April 25,...
Solidarity between employers and workers is the need of the hour as all businesses are facing serious challenges like large decline in revenue and insolvencies because of the deadly coronavirus, said a senior official of the International Labour Organisation (ILO). "Sustaining business operations will be particularly difficult...
Tourism sector of Bangladesh might face a loss of Tk 60.00 billion from January to December this year due to coronavirus outbreak as the sector has been affected most by the pandemic. The Tour Operator Association of Bangladesh (TOAB), a platform of 678 tour operators of Bangladesh,...
Steel manufacturers are bracing for massive losses as the coronavirus pandemic has disrupted the import of raw materials and production -- a development that will also deal a blow to real estate and infrastructure projects. As much as 90 per cent of the raw materials are imported...
Commerce Minister Tipu Munshi on Wednesday said the garment industry will get loan on two percent interest as the government declared Tk 5,000 crore stimulus package for the export-oriented industries. “It isn’t a grant. The loan will have to be repaid within a certain period,” the minister...