US Ambassador to Bangladesh Dan W Mozena Tuesday said his vision of Bangladesh as the next Asian tiger is already reality there at Eskayef, a pharmaceutical company. “The future is here,” he said while visiting a plant of Eskayef Bangladesh Ltd at Tongi where Eskayef Chairman Latifur Rahman and Chief Executive Officer
Business
ICT sector stakeholders want VAS guideline implemented
Entrepreneurs and stakeholders of Information and Communication Technology sector on Wednesday asked the government to immediately implement the telecom regulator’s draft guideline on value added service of the telecom operators. The telecommunication ministry, following opposition from the mobile phone operators, on
Remittance inflow grows by 19 per cent in Q1
The inflow of remittance increased by 19.47 per cent in the first quarter of this financial year compared with that of the same period of the previous financial year. According to data released by Bangladesh Bank on Tuesday, the expatriate Bangladeshis sent $3,551.70 million in remittances in July-September of
ICAB awards best financial reports
The Institute of Chartered Accountants of Bangladesh (ICAB) yesterday gave 32 awards to banks, insurance companies, non-government organisations and public sector entities for publishing transparent reports and maintaining good corporate governance. Finance Minister AMA Muhith handed over the 12th ICAB National Awards for Best
BKMEA eyes $1b market in Russia
Bangladesh Knitwear Manufacturers and Exporters Association eyes a huge potential in Russian market as buyers there showed interest in Bangladeshi knitwear at a knit fair held in Moscow last week. The BKMEA organised the knit fair in Moscow to increase export of Bangladeshi knit products in Russia. As many as 130 knit exporters took part ... Read more
Stocks gain amid low turnover
Dhaka stocks returned to positive zone on Monday amid thin trading after the World Bank on the day announced to send two visiting teams by October to review financing the Padma bridge project. DGEN, the benchmark general index of Dhaka Stock Exchange, gained 0.98 per cent or 44.93 points, to close at 4,589.33 points. The DGEN ... Read more
Agro-fair starts Thursday to showcase products, tech
A three-day show on agro-based products and technology starts on Thursday, with the objective to equip farmers to obtain higher yields. “The objective of the fair is to make stakeholders aware of the new technologies such that we can boost agricultural production and add
Kaspersky launches sales offer
On the eve of the completion of five years of distribution presence in Bangladesh, Kaspersky Lab and its distribution office for Bangladesh – Officextracts – have launched an offer for IT users in the country. From Monday, Kaspersky Internet Security 2013 single-user and three-user pack buyers got a chance to participate and win six gifts ... Read more
Shipbuilders seek 10pc cash incentive
Shipbuilders yesterday demanded 10 percent cash incentives against ex-port performance, up from 5 percent now, to help the sector grow further. The global market size of ships and ocean-going vessels was over $300 billion in 2011 where Bangladesh, as a new entrant to ship
SEC announces capital market master plan
The Securities and Exchange Commission on Sunday announced a 10-year capital market master plan which would allow the commission to operate independently of the government. According to the plan, the SEC will be able to formulate its own budget without permission of the government and will also able to recruit manpower according to its
Sheltech organises a 15-day fair to sell flats
Sheltech (Pvt) Ltd, a real estate company, begins a 15-day promotional housing fair at its office in Dhaka today, eyeing higher apartment sales. The company plans to sell more than 300 apartments ranging from 805-3140 square feet (sq ft) worth around Tk 500 crore during the
BTRC tightens SIM registration procedure
Bangladesh Telecommunications Regulatory Commission has issued detail procedure for selling of mobile connections by the retailers after October 12 when the mobile operators will not be allowed to sell pre-activated connections. The BTRC in a notice on Thursday asked the mobile operators to complete all of their
TATA launches vehicle for small businesses
TATA and its business partner in Bangladesh, Nitol Niloy Group, yesterday launched their new commercial vehicle, geared toward small businesses here. Powered by a 611 cubic centimetre water-cooled engine, the TATA Ace Zip Pickup is the smallest commercial vehicle of TATA, with a payload
Foreign workers up in Singapore despite tightening
The number of foreign workers in Singapore rose by about 1,00,000 as of then end of June this year from a year ago despite measures to slow their influx, government data released Friday showed. The 7.2 per cent increase in the number of non-residents — those working, studying or living in Singapore but not granted ... Read more
Honda inks deal to assemble motorbikes in Bangladesh
The Honda Motor Company, Japan’s biggest motorcycle manufacturer, and the Bangladesh Steel and Engineering Corporation on Thursday signed an agreement to establish a joint venture in Bangladesh to assemble, and later manufacture, motorcycles by the end of this year. The joint venture, Bangladesh Honda Private Ltd, will assemble 10,000 motorcycles in the
IMF irked as major conditions for loan remain unfulfilled
The lender may defer the second instalment of $1b The IMF may defer the disbursement of the second instalment of its $1 billion loans for Bangladesh if the government does not fulfil all the related conditions, the lender said. An IMF mission conveyed this message to the government as some of the major conditions were ... Read more
FBCCI urges BB not to charge for inter-bank transactions
The Federation of Bangladesh Chambers of Commerce and Industry on Thursday requested the Bangladesh Bank not impose charge on clients for inter-bank money transaction. The FBCCI in a statement said it had come to know from media reports that the central bank was going to impose charge on clients of all banks for inter-bank
A market with a difference- no room for formalin
Faruk Hossain, a fish trader, brought a maund of Ruhita and Prawns to Malibagh kitchen market on Thursday morning hoping to have a brisk business like the previous days. But that was not to be. He was stopped at the market gate and soon four members of the market monitoring team carrying formalin detection machine ... Read more
Draft BTRC orders eye slashed P1 internet rate
Bangladesh Telecommunication Regulatory Commission has drafted a host of orders for mobile operators to give better services to subscribers including reduced rate for ‘pay as you go’ or P1 internet package. The commission on Thursday posted the draft on its web site and sought public opinion by October 10. As per the draft orders, the ... Read more
Banks, tax offices remain open Saturday
All major and important branches at the divisional and the district levels of the government and private commercial banks will remain open on Saturday for the convenience of the taxpayers to submit tax returns and pay their taxes. On the same purpose, all the income tax offices of the National Board of Revenue will remain open on ... Read more