Internet growth hits 3-year low Star Business Report. ______________ The growth of new internet connections fell 21.58 percent year-on-year to 1.09 crore in 2018, a three-year low. Industry insiders blamed the fall on the restriction imposed on digital services ahead of the national polls, as the sector lost 11.18 lakh active mobile connections in the […]
Real estate betting big on 2019 Sohel Parvez. _________ Home sales are likely to pick up this year after a underwhelming 2018, spurred by hopes of political stability and positive economic growth outlook, said realtors and lenders. “As the election is over there is political stability. So, we expect the market to be better this […]
LNG boosts Ctg factories Mohammad Suman —————————– Factories in Chattogram, which have long been operating at below capacity because of inadequate gas supplies, are now breathing a sigh of relief thanks to the availability of liquefied natural gas (LNG). Some 450-480 million cubic feet (MMCF) of LNG is being added to the national grid every […]
India plans to cash in on US-China trade war Pallab Bhattacharya. India is encouraging its exporters to take advantage of the trade friction between Beijing and Washington, commerce ministry officials said yesterday. While India has signed protocols with China to export several items, the actual exports need to be scaled up substantially and Indian exporters […]
Textile sector needs Tk 10,000cr investment Refayet Ullah Mirdha Bangladesh needs Tk 10,000 crore additional investments in the primary textile sector to reduce its import dependence for fabrics for the export-oriented garment sector. For instance, in 2018 Bangladeshi garment exporters imported 5.52 lakh tonnes of fabrics worth Tk 33,156 crore, according to data from the […]
BSEC looks to curb overbidding for small-cap stocks Ahsan Habib Small-cap companies that are after a premium will have to offload shares to institutional investors at the prices at which they place their bids as the stock market regulator looks to rein in collusion amongst companies and investors to set a higher premium. At present, […]
Trade gap narrows to $7.66bn in Jul-Dec Analysts say declining import of capital machinery is a matter of concern. AKM Zamir Uddin Trade deficit narrowed 12 percent in the first half of the fiscal year thanks to a rise in exports and a slowdown in imports. At the end of December last year, trade deficit […]
BSRM to set up wire plant for Tk 459cr The steelmaker will manufacture 4 types of wires that are currently imported. Jebun Nesa Alo BSRM Group is set to establish a wire manufacturing plant at Mirsarai in Chattogram at a cost of Tk 459 crore as the country’s leading steel manufacturer looks to capitalise on […]
BB eases loan write-off policy Star Business Report. In a divisive move the central bank has relaxed its write-off policy, at a time when the default loans in the banking sector hit an all-time high. Banks are now allowed to write off the default loans that have been hovering in the bad category for three […]
Festivals boost online sales in February Muhammad Zahidul Islam Online sales will see a 30 percent rise in February on the occasion of four successive festivals, namely Saraswati Puja, Pahela Falgun, Valentine’s Day and International Mother Language Day, industry insiders said. On an average, around Tk 3 crore to Tk 4 crore worth of products […]