British aero-engine maker Rolls-Royce Holdings is considering cutting up to 15% of its workforce, a source close to the company told Reuters, as customers cut production and airlines park planes due to the coronavirus pandemic. The size of layoffs has been mentioned internally...
Some 125 publicly-traded companies in the manufacturing and service sectors have expressed fears of heavy losses due to the ongoing coronavirus outbreak. Among them, 116 companies are in the manufacturing sector, such as RMG, cement, ceramics, engineering, and tannery sector. The other nine are in the real estate and service sector. These companies are...
The government has so far announced a set of stimulus packages worth around $11.90 billion (Taka 1.011 trillion to offset the COVID-19 shock on various sectors of the country and minimise the sufferings of the people hit hard by the nationwide shutdown enforced to fend off the...
Speakers at a webinar have opined that research, innovation and use of technology are needed to make the country’s tourism sector more attractive and developed. Their view came during the event, titled “Hospitality and Tourism Industry in Bangladesh: The Road to Recovery Amid Covid-19,”...
Bangladesh expects a bigger inflow of foreign direct investment in the days to come as different nations plan to relocate their factories to countries like Bangladesh to bring down cost amid a cash crunch caused by the pandemic, said Commerce Minister Tipu Munshi yesterday. In 2019, the...
Tour operators from Bangladesh and South Korea at a webinar have discussed ways to explore tourism opportunities, highlighting the scopes that South Korea offers.   Korea Tourism Organization (KTO), in association with TravTalk, hosted the webinar on Tuesday, shedding light on Korea’s beautiful regions...
Bangladesh has beaten India on exports in the past decade, and the Economic Survey 2021 explains why. Bangladesh exports posted a compounded annual growth rate of 8.6% over 2011-2019 versus India's export growth of 0.9% and a world average of 0.4%, the survey said.
Highlighting the potential of Cox’s Bazar, Prime Minister Sheikh Hasina on Sunday said the government wants to turn Bangladesh into a global aviation hub that will help accelerate the country’s current economic march forward.“Considering Bangladesh’s geographical position, we want to make the country the centre of global...