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Experts at an international conference have suggested developing vibrant capital and bond markets to create long-term financing options for businesses. Businesses in Bangladesh now totally depend on the banking sector for term loans, whereas, as per global practice, such types of funding mainly come from alternative sources, they said. They …
Read More »Assess social costs of large infrastructure projects
Fixing priorities and assessing the social costs and economic benefits of large infrastructure projects have become important for Bangladesh as many of them are funded by costly suppliers’ credit, said Prof Wahiduddin Mahmud yesterday. “There are some eye-catching projects. But it is urgent to fix priority. I think a critical …
Read More »Yamaha, ACI Motors unveil 2 new bikes
Japanese motorbike manufacturer Yamaha, in partnership with ACI Motors Ltd, yesterday launched two new models of two-wheeler with a view to attracting young riders in Bangladesh. The models — FZS FI V-3.0 and FZ V-3.0 – were unveiled at a programme at Le Meridien Dhaka Hotel in presence of around …
Read More »24 firms lauded for superlative health, safety standards
The government yesterday awarded 24 companies in the apparel, finished leather, jute, pharmaceutical and tea sectors for maintaining consistently high safety and health standards in the irrespective factories. The recipients of the Occupational Safety and Health (OSH) awards are: Plummy Fashions, Wisdom Attires, Nafisa Apparels, Mother Colour, Fatullah Apparels, Comfit …
Read More »Rudimentary capital market to blame for banking sector woes
The absence of vibrant stock and bond markets is to blame for the banking sector’s current woes including liquidity crunch and bulging non-performing loans, experts said yesterday. Banks are providing long-term loans with their short-term deposits, which is essentially the root of the problem, they said. “This is fundamentally a …
Read More »FICCI celebrates 55 years in Bangladesh
The Foreign Investors’ Chamber of Commerce & Industry (FICCI), whose members bring in investment to Bangladesh and contribute immensely to revenue generation, celebrated its 55th anniversary in Dhaka on Saturday.
Read More »Bangladesh not on track to achieve 3 SDGs
Rising inequality, increasing effects of natural disasters and high level of bribery and crimes are pushing SDG indicators in the wrong direction and will obstruct Bangladesh from achieving at least three sustainable development goals by 2030. The goals are SDG 10, 13 and 16, which aim at reducing inequality, combating …
Read More »Indian consumers face post-election fuel price shock, economy could be hit
Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up. For oil-import dependent India, higher global prices could …
Read More »Uber unveils IPO terms that are well below expectations
Uber Technologies Inc, the world’s largest ride-hailing company, plans an initial public offering that values the company as much as one-third below what the startup’s insiders had hoped for, between $80.5 billion and $91.5 billion. The valuation, outlined in a regulatory filing on Friday, is less than the $120 billion …
Read More »PepsiCo sues four Indian farmers for using its patented Lay’s potatoes
PepsiCo Inc has sued four Indian farmers for cultivating a potato variety that the snack food and drinks maker claims infringes its patent, the company and the growers said on Friday. Pepsi has sued the farmers for cultivating the FC5 potato variety, grown exclusively for its popular Lay’s potato chips. …
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