A National Board of Revenue’s (NBR’s) temporary permission to shift import-laden containers from the Chattogram port to private inland container depots (ICDs) as a decongestion effort seems to have borne no fruit.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) yesterday urged the government to allow them to reopen all factories, including export-oriented industries, citing that export might suffer severely for the continued restriction.

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has sent letters to the ambassadors of the United States of America and the European Union, requesting them to assist for rapid vaccination of readymade garment workers in Bangladesh.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today urged the government to allow them to reopen all factories including export-oriented industries, citing that export might suffer severely for the continued restriction.

Japanese automaker Nissan Motor Co on Wednesday raised its earnings outlook for the year, helped by a weaker yen and favourable demand in the United States, after reporting a surprise first-quarter operating profit.

Rawhide traders across Bangladesh have been left disappointed by low prices this year, according to market insiders.

Shikho, a startup aiming to make education accessible and affordable in Bangladesh, yesterday announced raising $1.3 million in seed money, making it the largest round of financing by a local edtech startup yet.

The value-added tax exemption for producing air conditioners, refrigerators and freezers locally has created interest among home appliance manufacturers in Bangladesh as firms are increasingly setting up full-fledged facilities, cutting their reliance on assembling.

Technology has a great influence on the working environment especially during this pandemic time as people are now being able to work remotely instead of their physical presence at the workplace, speakers said at a virtual programme today.

A Colombo-bound vessel carrying export containers has been kept impounded at the Chattogram port’s outer anchorage for the last eight days by Chittagong Port Authority (CPA) following a High Court order.

Nagad, which acts as the main agent for mobile financial services (MFS) of Bangladesh Postal Office (BPO), plans to raise Tk 500 crore through a zero-coupon bond to pay its loans, develop networks and buy IT equipment for business expansion.

Tesla Inc posted a bigger second-quarter profit than expected on Tuesday thanks to higher sales of its less-expensive electric vehicles, as it raised vehicle prices and cut costs.   

Textile manufacturer ZXY International has recently announced a new partnership agreement with textile innovator HeiQ enabling trading with brands and mills and connect as per requirements with innovative technologies. 

Dutch health technology company Philips on Monday beat analysts’ expectations with a jump in second-quarter core earnings to 532 million euros ($626 million), boosted by its personal health and diagnosis businesses.

Singapore sovereign wealth fund GIC will invest $240 million in Arctic Green Energy to support the renewable energy firm’s expansion in Asia and Europe, the companies said on Monday.

Custom House, Chattogram seized 50 tonnes of fabrics worth Tk 20 crore last week on finding evidence of it being imported forging seals and signatures of Customs Bond Commissionerate, Dhaka.

Marico Bangladesh posted 11 per cent growth in sales in the April-June quarter despite the second wave of coronavirus infections on the back of hair oils and baby care portfolios.

Profits of listed shoe-makers of Bangladesh dropped in 2020 despite the drastic fall in the price of rawhides as the sales of the finished products crashed because of the economic slump caused by the pandemic.

Like a million others, Ridoy Saha was rendered unemployed within weeks after Bangladesh introduced a nationwide lockdown in March last year to limit the spread of coronavirus.

Some 338 factories are running their operations across the country during the 14-day strict lockdown that began on July 23, according to the Industrial Police.