Honda plants in Brazil and India have halted operations as the Japanese carmaker battles to recover from a cyberattack that affected several factories worldwide. The cyberattack at the beginning of the week targeted Honda's internal servers and spread a virus through the company's systems, a spokeswoman told...
COVID-19 cracked open the vulnerabilities of global supply chains as it shook the long-established business models to its foundations that took corporations and governments across the globe decades to build. As nations are grappling to contain a tiny virus, everything from lithium mines in Chile to semi-conductor...
Newspaper Owners’ Association of Bangladesh (NOAB) urged the government to cut taxes on ailing newspaper industry to help it survive especially amid ongoing crisis. The association, in its proposal to finance ministry in formulating national budget for FY2020-21, made the demand recently. “The newspaper industry has been...
Optimism is a disease, the polemical British-Indian novelist Salman Rushdie once said, and talking with Manmohan Parkash, the country director of the Asian Development Bank, one can't help but catch that disease. He is sanguine about Bangladesh's long-term growth; he feels the country is now where South...
In the backdrop of Covid-19 situation, the government has distributed nearly Tk26.5 crore among more than eight million people at the district and upazila level across the country under the social safety net programmes. “With the instruction and supervision of the Social Welfare Minister, nearly Tk26.5 crore...
Bangladesh is going to set a national SOP (Standard Operating Procedure) for tourism sector within a week with a framework over how the travel and leisure industry will maintain health guidelines and social distancing after reopening their business, reports BSS. The tourism SOP has been seen as...
Bangladesh Securities and Exchange Commission (BSEC) has requested the government to reduce corporate tax rate by 5 percentage points for non-financial companies which will collect at least half of their long-term capital through issuing corporate bonds. If the tax is reduced, it will attract more investment in...
Transparency International Bangladesh (TIB) on Tuesday urged the government not to keep any provision of whitening of black money in the forthcoming national budget in the name of creating employment by attracting investment and boosting revenue generation. The Bangladesh chapter of the Berlin-based organization termed such scope...
Ride-sharing service providers have urged the government to allow them to reopen their motorbike, private car and CNG run auto rickshaw-based services to reduce existing pressure on public transports in the capital. Amid the COVID-19 pandemic, even though limited public transport has been allowed from June 1,...
Nearly one third of companies in Myanmar have temporarily closed because of the coronavirus lockdown and the vast majority of those still operating have reported lower turnover, according to the Asia Foundation. A nationwide poll of 750 local businesses - the largest survey so far of the impact...