Business Report : The country’s gross reserves experienced a further decline, plummeting to $19.94 billion on Thursday. This marks a drop of $0.08 billion from $20.02 billion in just one week, according to calculations following the BPM-6 method prescribed by the International Monetary Fund. However, the Bangladesh Bank calculates it stands at $25.09 billion. The reserves have declined by 38.11% in a year, down from $32.22 billion recorded on 31 January last year. Bank insiders attribute the depleting health of...
Business Desk :Bede people are uplifting their life-style engaging themselves in different kinds of work, leaving their traditional activities due to initiatives of government and non-government organizations. Mainstreaming of this gypsy people at Savar on the outskirts of the capital city has also reduced the community’s divorce rate, decline of less number of marriage according to a research of Dhaka School of Economics (DScE) by the entrepreneurial economics programme which team was lead by Professor Dr.Muhammad Mahboob Ali. Bede women have...
Commerce Minister Tofail Ahmed has promised effective measures to keep prices of es¬sentials under control during the upcoming Ramadan. ‘Today...
Business Desk :Factory owners should not panic or feel harassed during the inspections at industrial factories, insisted Md Sirazul Islam, chairman of Bangladesh Investment Development Authority (BIDA) on Tuesday. “Inspection team should convince the factory owners that they are in fact helping the factory owners with inspections.”, the chairman said while attending a training programme for the inspection team to ensure a safe working environment at factories.Department of Inspection for Factories and Establishments (DIFE) and BIDA jointly organised the programme...
Business Desk :The Institute of Cost and Management Accountants of Bangladesh (ICMAB) celebrated the “International Accounting Day” on 10th November. Marking the day, the ICMAB arranged a gathering in its official building and roamed around the institute arena. Office bearers, Former presidents, council members, members, students and institutes employees attended in this occasion, said a press release.Later in the evening, a discussion program held in the Institute auditorium. Prof. Dr. Md. Hamid Ullah Bhuiyan, Chairman, Financial Reporting Council, Bangladesh graced...
Xinhua, Hanoi :Vietnam’s foreign reserve has reached an all-time record high of 63.5 billion U.S. dollars, up 0.5 billion U.S. dollars from late April, according to a government report. The report was presented at the ongoing 5th session of Vietnam’s 14th National Assembly, the country’s top legislature, local newspaper VnEconomy reported on Wednesday....
If Bangladesh can raise the participation of women in labour force by 10 percent within the next five years, it would play a role to drive the GDP growth by one percent, say experts.“Currently, the contribution of women workforce in our GDP growth is 34 percent,” said World Bank lead economist Dr Zahid Hossain.He said the participation of women in workforce would take the country forward in attaining higher GDP growth in line with achieving the Sustainable Development Goals (SDGs)...
Business Desk :Although the online sales of health products and daily essentials were booming due to COVID-19, the ongoing pandemic has taken its heavy toll on the online retailers of fashion, cosmetics, and other imported products, says a recent study.Many of those who were trying to reduce the losses of revenue by cancelling orders and selling off their stocks in April, 24 per cent of them shut their businesses in June, reports UNB.The findings were revealed through a study which...
Business Desk :If businesses around the world prioritise ‘nature-positive’ solutions, it could create around 395 million jobs by 2030, said a new study from the World Economic Forum.The study titled “Future of Nature and Business Report” provides blueprints for businesses to tap into a $10.1 trillion business opportunity, focusing on industry actions that are nature-positive, meaning that they add value to nature.“We can address the looming biodiversity crisis and reset the economy in a way that creates and protects millions...