Bangladesh finally a member of Brics’ New Dev Bank

September 3, 2021

Bangladesh has finally become a member of the New Development Bank (NDB), which was launched in 2015 by Brazil, Russia, India, China and South Africa, collectively known as Brics, according to a statement of NDB.
The NDB aimed to be an alternative to the US-dominated World Bank and International Monetary Fund. In December 2020, Indian Prime Minister Narendra Modi invited Read more

Mitsubishi Motors looks to set up plant in Bangladesh

September 3, 2021

Mitsubishi Motors yesterday signed a memorandum of understanding (MoU) to conduct a feasibility study on establishing a production unit in Bangladesh by 2025 as the Japanese multinational automotive manufacturer looks to expand its footprint in South Asia.
This deal, which government officials have dubbed a big step Read more

Banglalink revenue rises in Q2

September 2, 2021

Banglalink, the third largest mobile operator in Bangladesh, witnessed a 6.9 per cent rise in revenue year-on-year in the second quarter of 2021, driven by an increase in data revenue alongside the number of customers of this segment.
In currency, Tk 1,184 crore was generated as revenue which Read more

Daraz launches special campaign to celebrate seventh anniversary

September 2, 2021

Online marketplace Daraz has launched a special campaign to celebrate its seventh anniversary along with expressing gratitude to its customers and well-wishers.
To commemorate this milestone, Daraz Bangladesh, a concern of Alibaba Group, has chalked out elaborate plans, programmes and campaigns, the company Read more

No advance payments in e-commerce: BB

August 30, 2021

Bangladesh Bank yesterday said e-commerce platforms would not be able to receive payments in advance for any products or services rendered.
Some e-shops instruct shoppers to deposit money directly into their respective bank accounts before delivering a product or service, breaching Bangladesh Bank regulations Read more

Brac Bank to raise Tk 600cr thru bonds

August 30, 2021

Brac Bank has decided to raise Tk 600 crore by issuing a non-convertible bond with a view to providing home loans to the country’s lower and middle income groups.
The board of the private lender took this decision at a meeting on August 26, after which it sent the proposal to the Bangladesh Securities and Exchange Commission (BSEC) for Read more

Bata returns to profit

August 30, 2021

Bata Shoes (Bangladesh), one of the most popular footwear brands in the country, returned to profit after a year riding on higher sales.
The company’s declaration of profit comes as good news for the local economy, which is rebounding strongly despite the ongoing coronavirus Read more

Nagad offers up to 30pc bonus in SWAP deals

August 19, 2021

Bangladesh Post Office mobile financial arm Nagad and re-commerce firm SWAP launched a campaign titled ‘Choice is Yours’ where Nagad users can avail 10 to 30 per cent bonus in any deal. Under the offer in SWAP, ‘Nagad Deal E Beshi Labh’, Nagad users can buy and sell used products like cell phone, laptop, motorbike, furniture, car and other items with the bonus Read more

FB pays Tk 2.27cr in VAT for July in Bangladesh

August 19, 2021

Facebook filed value-added tax worth Tk 2.27 crore against its business in the month of July in Bangladesh on Tuesday. For July, Facebook Ireland Limited paid Tk 2,64,91,643, Facebook Payments International Limited Tk 16,785 and Facebook Technologies Ireland Limited paid Tk 2,294 in VAT. Earlier in June, Facebook was the first non-resident organisation to file VAT returns Read more

Deposit interest shouldn’t go below inflation rate: Bangladesh Bank

August 9, 2021

Bangladesh Bank (BB) yesterday asked banks not to set interest rates on fixed term deposits below the inflation rate as it yields negative returns for savers.
The central bank issued a circular in this regard addressing the managing directors and chief executive officers of all banks. Addressing the decreasing interest rates in Read more

Brac Bank named for UN fund

August 9, 2021

Brac Bank has been named as one of the 10 recipients of a Women Enterprise Recovery Fund in the Asia-Pacific region recently.
The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the United Nations Capital Development Fund (UNCDF) with partners Read more

Number of internet connections soars by 1.75cr in FY21

August 5, 2021

Bandwidth consumption doubles to 2,409.08Gbps
The number of broadband and mobile phone-based internet connections in the past fiscal year of 2020-2021 increased by 1.75 crore, more than twice the increase seen in the previous fiscal year, amid people’s growing dependence on online services after the Covid outbreak.
According to Bangladesh Telecommunication Regulatory Commission Read more

E-commerce cos to get payment after delivery of goods: ministry

June 25, 2021

The government on Thursday announced that e-commerce companies would get their payments after delivery of goods ordered by buyers.
The commerce ministry officials made the announcement following a meeting with leaders of the E-Commerce Association of Bangladesh and Bangladesh Bank officials held Read more

Rise in sea level may reduce 24pc cropland by 2045

December 13, 2019

A report of fisheries ministry and WB finds
Bangladesh’s agriculture sector is under threat from climate change, as the sea level rise may reduce availability of cropland by 24 percent in coastal divisions across growing seasons by 2045, a new report said yesterday.
“With two-thirds of the country at an elevation of less than 5 metres, Bangladesh is highly exposed to rising sea-levels, particularly the southern region. Rising sea-levels and salinisation are Read more

ADB maintains robust growth outlook for Bangladesh

December 13, 2019

Cuts forecasts for India, China
Bangladesh is expected to grow robustly in 2019 and 2020 riding on domestic consumption and strong remittance earnings, said the Asian Development Bank yesterday as it kept the growth outlook for the country unchanged. In a supplement to its Asian Development Outlook 2019 Update, the Manila-based lender, however, trimmed its forecasts for economic growth in developing Asia this year and Read more

Faster project implementation boosts access to finance: experts

December 12, 2019

Faster implementation of projects is a key to achieving the Sustainable Development Goals (SDGs), Asian Development Bank Country Director Manmohan Parkash said yesterday.
“If we want higher achievements, we need higher capacity.”
Financing will be simplified and access to finance will be enhanced if projects are Read more

BTCL offers unlimited landline calls for Tk 150

August 8, 2019

Landline provider Bangladesh Telecommunications Company Limited (BTCL) has offered unlimited calls within its network for only Tk 150 per month as the struggling state-run company fights for a turnaround.
BTCL has also removed the monthly fee, said a statement yesterday.
The monthly fee for connections in the Dhaka, Chattogram and Khulna metropolitan city Read more

Samsung offers new SpaceMax refrigerators

July 15, 2019

Samsung at a Dhaka hotel yesterday launched SpaceMax, a side-by-side refrigerator brand available in two and three-door options. Its new technology provides more room for food storage and consumes less electricity, the consumer electronics company said in a statement yesterday.
The series features an all-around cooling system that blows cold air through multiple Read more

Khirshapat mango gets GI recognition

January 27, 2019

The Khirshapat of Chapainawabganj, one of the most popular varieties of Mango which is popularly known as Himsagar, has got Geographical Indication (GI).
Industries Minister Nurul Majid Mahmud Humayun formally handed over the certificate to Modon Gopal Saha, director of Horticulture Research Center (HRC), at a programme at Read more

BTRC to monitor mobile internet speed in rural areas 

August 14, 2015

The telecom regulator is set to start a field-level monitoring drive Saturday in three districts to gauge the quality of data service following complaints from customers.
The drive will eventually cover 45 upazilas in 15 districts. Other than checking the internet speed with equipment, the team from Bangladesh Read more

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