Uber Eats, a sister concern of Uber, has decided to discontinue its online food delivery services in Bangladesh from June 2. “We have made the decision to discontinue Uber Eats in Bangladesh from June 2nd, 2020. This continues our strategy of focusing our energy...
The cement industry suffered a 46 percent year-on-year decline in sales in April due to the nationwide shutdown in light of the coronavirus pandemic, according to the Bangladesh Cement Manufacturers Association (BCMA).  The industry fears that in the coming months, and even throughout the...
Local electronic giant Walton has manufactured Medicart robot and remote control UV-C light disinfectant system. This robot can be used to treat coronavirus patients or patients with other infectious diseases in isolation. Physicians can operate this robot via computer, mobile phone or remote while sitting in his...
Two months into the coronavirus pandemic, airlines in Bangladesh, including the national flag carrier, suffered a loss of Tk 1,361 crore over the months of March and April following the ban on all commercial flights. If the situation continues further, the possible losses could add up to a further Tk 1,001...
The South Asian countries, including Bangladesh, might lose US$142 billion to $218 billion due to impact of the deadly Coronavirus pandemic on their economies, the Asian Development Bank (ADB) said on Friday. The global economy could suffer a loss amounting to $5.8-$8.8 trillion, equivalent to 6.4 to...
The coronavirus pandemic has killed Eid joy. Even though a rising number of COVID-19 cases is leading more people to opt for online shopping, the pandemic and subsequent global economic stagnation have diminished the purchase power of most people, particularly the middle and lower-middle classes. Coronavirus also...
Summit Group has received $140 million (Tk 1,190 crore) in project financing from international commercial financial institutions for its 300-megawatt Summit Gazipur II Power Plant. The group received the long-term financing from Clifford Capital Pte Ltd of Singapore and Sumitomo Mitsui Banking Corporation (SMBC), according to a...
While Vietnam, India, Indonesia – and some other countries – are racing to get their share of the pie from the probable exodus of factories from China, Bangladesh does not seem particularly active to get its share. Japan, the US and Europe have announced they will relocate...
আগামী অর্থবছরের বাজেটে (২০২০-২০২১) করোনার ধাক্কায় বার্ষিক উন্নয়ন কর্মসূচিতে (এডিপি) বরাদ্দ বাড়ছে ১১টি খাতে এবং কমছে ছয়টিতে। মঙ্গলবার পরিকল্পনা কমিশনের বর্ধিত সভায় ১৭টি খাতে মোট বরাদ্দ বিভাজনের খসড়া প্রস্তাব চূড়ান্ত করা হয়েছে। জানা গেছে, বরাদ্দ বৃদ্ধি পাওয়া খাতগুলো হল- স্বাস্থ্য, কৃষি, শিল্প, বিদ্যুৎ, পরিবহন,...
Making frequent changes to the initial public offering rules by the Bangladesh Securities and Exchange Commission have failed to stop irregularities on the primary market in the country’s capital market. The BSEC has amended the rules thrice in the last four years and issued seven notifications related...