Shaila Abedin has recently been appointed as the chief executive officer (CEO) of Pulse Healthcare Services, a cloud-based Telemedicine platform. Shaila Abedin, former executive vice president and head of segments of Prime Bank, is an inspirational leader with over 20 years of experience
Business
Garment workers’ buying capacity falling: study
Rising cost of living has been eroding the purchasing power of readymade garment workers even though they are earning more through overtime duty apart from regular work hours, said a study released today. The RMG workers are working more than 10 hours per day on an average. Even after working overtime, the additional meal and ... Read more
Alamgir Ranch signs MoU with Daraz
Alamgir Ranch Ltd, a sister concern of Labib Group, has signed a memorandum of understanding (MoU) with Daraz Bangladesh Limited as a part of sustainable business and its continued expansion. CIP Sultana Jahan, director of Alamgir Ranch and vice-chairman of Labib Group, and AHM Hasinul Quddus, chief corporate affairs officer of Daraz Bangladesh Ltd, signed ... Read more
Walton announces cashback of up to Tk 20 lakh
Walton announced Digital Campaign Season-15 for the upcoming Eid-ul-Azha, following its huge success in the previous seasons. Under the new campaign, customers might get sure cashback of up to Tk 20 lakh or free products worth crores of taka after
US dollar costs travellers Tk 102
Exchange rate shot past Tk 100 for the first time in Bangladesh’s history Volatility in the foreign exchange market intensified today amid a scarcity of the American greenback, forcing travellers to spend as high as Tk 102 to buy a US dollar from banks, the highest in Bangladesh. Some banks have imposed the rate on ... Read more
Shwapno makes export debut
Retail chain Shwapno started its export journey by sending it first consignment to Hong Kong on March 31. The first consignment consisted of pointed gourds, lady fingers, green mangoes, potatoes, bitter gourd and 26 other items of vegetables and fruits, a pressrelease said. The second consignment of the Bangladeshi retail
Bangladesh 7th highest remittance recipient: World Bank
Bangladesh has retained its position as the recipient of the seventh highest amount of money transferred by migrant workers among 10 top recipient nations in 2021. This year, however, the country may continue to experience a meagre growth in remittance inflow of only 2 per cent this
TallyKhata selected for Visa Accelerator Programme
Digital payment service provider Visa has selected digital payments start-up TallyKhata from Bangladesh for the 2022 cohort of its Visa Accelerator Programme in the Asia Pacific. Joining a select group of five elite startups from across the region, TallyKhata is a leading digital payments platform with wallet and credit capabilities for small and
Bangladesh Bank dismisses news of scrapping Tk 1,000 red-coloured notes as rumour
The central bank has brushed aside as simply a rumour the news that the Tk 1,000 red-coloured bank notes will be scrapped. The news to withdraw the red-coloured banknotes of Tk 1,000 denomination by the regulator that spread on social media is fake, the banking regulator made the
Shwapno clocks record sales growth
Shwapno, the largest retail chain in Bangladesh, posted the biggest growth in turnover in the last financial year, driven by higher sales through its e-commerce platform and teleservice amid the coronavirus pandemic. Turnover rose 18.7 per cent year-on-year to Tk 1,375 crore in the last financial year that ended in June. It was Tk 1,156 ... Read more
BRAC Bank introduces real-time cash deposit machine
Brac Bank has launched 39 real-time cash deposit machines (RCDMs) in Dhaka, Gazipur, Chattogram, Sylhet, Rajshahi, Khulna, Rangpur, Bogura, Jashore and Pabna in the first phase. The machine allows customers to deposit cash any time and any day of a week to their Brac Bank accounts and pay credit card bills within minutes, a press
Single-month RMG exports to US top $1b
Bangladesh’s single-month apparel export earnings from the United States topped the $1-billion mark for the first time in March as both export orders and unit prices witnessed a surge in the market. The export earnings almost doubled in March from the US compared with that of the same month of 2021, according to the US ... Read more
Brac Bank donates 5pc of CSR fund to PM’s trust
Brac Bank has contributed 5 per cent of its total corporate social responsibility (CSR) budget for 2022 to the Prime Minister’s education assistance trust (EAT). The bank handed over a cheque equivalent to Tk 11,517,754 to the PM’s EAT on April 20, 2022, a press release said. “We should thank Bangladesh Bank for
Banks to remain open on April 30
The Bangladesh Bank today asked banks to keep their doors open and run operations on a limited scale on April 30, a public holiday, in order to settle the increased number of financial transactions ahead of Eid-ul-Fitr. In 2022, the number of banking transactions have increased substantially year-on-year, which has also fuelled cash withdrawals and deposits ... Read more
Bata returns to profit in Jan-Mar
Bata Shoe, one of the most popular footwear brands in the country, returned to profits in the first quarter (January-March) of the ongoing calendar year after drowning in losses amid the coronavirus pandemic. The shoemaker’s profits rose to Tk 6.84 crore in the January-March period of 2022 while it was at a loss of Tk 4.90 ... Read more
Robi’s profit buoyed by lower income tax
Robi Axiata, the country’s second largest mobile network provider in terms of subscribers, said its net profit grew 16 per cent year-on-year to Tk 39.8 crore in the first quarter (January-March) of the current financial year as it had to pay less income tax. However, increased cost of sales caused Robi’s operating profit to fall by ... Read more
Local manufacturers can produce bikes up to 500cc
The government has granted permission to manufacturers to produce bikes up to 500cc engine capacity, a move that is expected to give a huge boost to the motorcycle industry in Bangladesh and provide the scope to bike lovers to ride higher engine two-wheelers. The development comes as demand for motorcycles with a higher engine capacity is
Walton records drop in profits
Profits of Walton fell in the January-March period of 2022 due to a hike in global raw material prices and higher shipping charges. The company’s earnings per share (EPS) dropped to Tk 12.34 in the third quarter of 2021-22 while it was Tk 12.92 in the same period of
No bar to launch eSIM now
The bar on launching eSIM services has been finally removed as the National Board of Revenue (NBR) has set the tax regime for the sale of eSIM by operators. According to an NBR letter to the telecom regulator and operators on April 21, Tk 200 has to be paid as VAT for each eSIM, similar ... Read more
Digital payments can boost Bangladesh’s annual GDP by Taka 50,058 crores : Study
By Business Desk : dhakamirror.com Digital payments can raise annual gross domestic product (GDP) of Bangladesh by 1.7 percent, an addition of $6.2 billion (Taka 50,058 crores) annually to the economy. The research was carried out by the United Nations-based Better Than Cash Alliance and its member, Bangladesh’s flagship program