The ongoing shutdowns and blockades have driven the hospitality industry in Cox’s Bazar to the brink of ruin, forcing hoteliers to send many of their employees on leave to minimise losses. November-February is the peak season for tourists, but the…
Superstores are in distress as the frequent strikes and blockades are taking a toll on business. “Our businesses are about to collapse. Very few customers come to the superstores due to the ongoing unrest,” said Md Zakir Hossain, general secretary…
Finance Minister AMA Muhith yesterday played down the US concerns about Grameen Bank, saying the government is doing nothing against the Noble winning microcredit organisation. “Our intention is to ensure that Grameen Bank does well and runs more efficiently,” he…
Target Australia and Pacific Brands have promised to publish the location of their supplier factories in Bangladesh, in what human rights groups described as a ”watershed moment” for Australian retailers. Kmart, the first Australian company to pledge full transparency of…
The stockmarket regulator is set to streamline the subscription process for initial public offerings (IPOs) following demands from stockbrokers and investors. “After meeting with all stakeholders, we will prepare a draft on simplification of the IPO subscription process and submit…
Facebook plans to launch this week advertising clips on users’ news feeds, the Wall Street Journal website reported yesterday. The clips will be triggered automatically on feeds when a profile is consulted on the internet.
China is set to invest $22 million by establishing Asia Spinning and Textile Mills’ production plant at Ishwardi Export Processing Zone. The company under full foreign ownership will create jobs for 1,450 Bangladeshis, Bangladesh Export Processing Zones Authority said in…
Grameenphone customers can now access Wikipedia, the largest free online encyclopedia, without paying mobile data charges, the mobile carrier said in a statement yesterday. Any GP user will be able browse zero.wikipedia.org without incurring data charges using Opera Mini browsers.…
Jamaludin Ibrahim has recently been appointed as the deputy chairman of GSM Association (GSMA), which represents more than 800 of the world’s mobile operators as well as more than 230 companies in the broader mobile ecosystem. Ibrahim is the president…
Stocks ended flat for the third day yesterday as investors remained cautious amid ongoing political instability in Bangladesh. The presence of investors at the brokerage firms was thin because of the ongoing blockade enforced by the BNP-led 18-party alliance. However,…
The platinum plus and platinum star customers of mobile operator Grameenphone (GP) can now enjoy a free buffet with every buffet purchased at the Dhaka Regency Hotel and Resort, the hotelier said in a statement yesterday. Anwar Hossain, head of…
GlaxoSmithKline (GSK) is making major changes to its incentive schemes following a damaging corruption scandal in China. The pharmaceuticals firm will stop paying doctors to promote its products through speaking engagements. Members of its sales force will also no longer…
