After remaining switched off for two years, RanksTel has taken steps to resume its operations soon, the private land phone operator said in a statement yesterday. The operator has already started the re-registration process of its more than three lakh customers, according to the statement. “We developed our network in the last six months to resume ... Read more
Business
Nippon Express sets foot in Bangladesh
A new logistics service provider — Nippon Express Bangladesh Ltd — started operations here on Tuesday, the company said in a statement. The company, a joint venture initiative of Japan-based logistic giant Nippon Express Co and Bangladesh’s Golden Harvest Logistic Ltd, will provide tailor-made services for exporters and
Latifur wins Business for Peace Award
Leading businessman Latifur Rahman has won the prestigious 2012 Oslo Business for Peace Award for maintaining commitment to social responsibility and ethical values. This is the first time a Bangladeshi businessperson has received the prize, which is considered the most celebrated recognition in the business world. An independent committee of Nobel Prize
An icon in ethical business
Corporate leaders congratulate Transcom Chairman Latifur Rahman on Business for Peace Award Corporate leaders yesterday praised Transcom Group Chairman Latifur Rahman as the pride of the business community as he won the prestigious Business for Peace Award 2012. The achievement will inspire local entrepreneurs to do ethical and responsible business, they said. Rahman has set ... Read more
Guidelines for small telecom operators set
BTRC to regulate value-added services to subscribers The telecom regulator has finally formulated a draft of ‘Telecom VAS Operator Licensing Guidelines’ to regulate small and medium telecom businesses providing different telecom Value Added Service (VAS) to the subscribers. A total of 30 companies have been providing different telecom VAS including ringtones,
Regulator hands over 72 telecom gateway licences
The telecom regulator yesterday handed over 72 new gateway licences to different firms in three categories. The government has decided to give 82 such licences, while 78 companies have so far deposited licence fees. Zia Ahmed, chairman of Bangladesh Telecommunication Regulatory Commission, said he
Bangladesh must ready itself for Rio Earth Summit
Govt should make an outline, say analysts at CPD dialogue Bangladesh must prepare for negotiations at the upcoming Rio Earth Summit that will focus on economic, social and environmental sustainability, analysts said yesterday. The government needs to outline what it may get from the negotiation process, and should negotiate accordingly, they said. For the least developed ... Read more
BB to close counters for selling new notes, exchanging torn ones
The Bangladesh Bank has decided not to sell new notes of currencies or exchange old and torn notes from its counters from May 2. The central bank in a statement on Tuesday said people would be able to buy new notes and exchange their torn currency notes and mutilated coins for new ones at over ... Read more
New logistics company gets off the ground next week
A new logistics service provider — Nippon Express Bangladesh Ltd — will start operations in the country next week. The company, a joint venture initiative of a Japan-based logistic giant Nippon Express Co and a Bangladeshi company Golden Harvest logistic Ltd, will come into operation on April 17. The Bangladesh unit of Nippon aims to accomplish ... Read more
Renewable energy platform launched
The association signs up 49 members A platform for renewable energy products businesses, Bangladesh Solar and Renewable Energy Association (BSREA), was launched in Dhaka yesterday. Tawfiq-E-Elahi Chowdhury, energy adviser to the prime minister, inaugurated the association at Ruposhi Bangla Hotel in Dhaka. BSREA’s aim is to promote renewable energy in Bangladesh and
Into the heart of MLM
Multi-level marketing or MLM is a constant source of debate. MLM companies have their fanatical devotees and often appear to behave in an aggressive manner. Some of them reach dizzying heights, often to fall. The issue came to the surface again, after Destiny Multipurpose Cooperative Society Ltd, a unit of Destiny Ltd, hit the media ... Read more
Eurozone crisis may hit Bangladesh exports: WTO
Pascal Lamy says poor countries may be short on trade finance An economic slowdown in Europe may affect Bangladesh as it is highly dependent on exports to the Eurozone, said World Trade Organisation (WTO) Director General Pascal Lamy yesterday. “Macroeconomic development is not looking very good, especially for countries like Bangladesh, whose two-thirds of exports ... Read more
BTRC recommends five licences for 3G service
The Bangladesh Telecommunication Regulatory Commission on Wednesday sent to the telecommunication ministry the draft guideline for awarding five licences for 3G mobile service. Of the five licences, the state-run Teletalk would get one while four other licences would be awarded to four private mobile phone operators, including any new operator, through
Online stores get more hits
Online shopping is becoming popular in Bangladesh, encouraging new entrants to open e-portals for consumer goods and household essentials. In the past one year, nearly a dozen online shopping portals or e-trading platforms launched operations, offering products and services from vegetables, clothes, computer accessories
Higher duties thwart P&G’s expansion
Procter & Gamble high official speaks about the constraints his company faces in Bangladesh Procter & Gamble (P&G) plans to introduce more of its products to Bangladesh to tap the market potential, as the steady economic growth of the country is fuelling demand for consumer goods. But higher import duty for personal care goods acts ... Read more
Tourism: next job creator
Sector is expected to generate 13.77 lakh jobs this year: report The tourism and hospitality sector may grow into one of the largest employers in Bangladesh, if it is backed by policy support, investment and skills development, analysts said Saturday. There is huge demand for skilled human resources in the largely untapped tourism and hospitality ... Read more
Airtel introduces Talk2me
Bharti Airtel has recently launched a new value-added service — Talk2Me — for its Bangladeshi customers to interact with favourite celebrities. With the service, Airtel users can now interact with Indian actress Vidya Balan, Bangladeshi cricketers Shakib Al Hasan and Mohammad Ashraful in a session to be held at 9pm on
BASIS members join CeBIT
BASIS (Bangladesh Association of Software and Information Services) in collaboration with Export Promotion Bureau participated at the CeBIT 2012, the digital industry’s biggest international event in the world, says a press release. CeBIT 2012 was held at Hannover, Germany from March 6 -10. Five Bangladeshi ICT companies participated as exhibitor of Bangladesh stand and two
Bangladesh emerging as hotspot for suit making
Bangladesh is turning into a lucrative destination for manufacturing high-end formal suits as foreign investment proposals are coming to the sub-sector, with China losing its competitiveness, industry insiders said. The foreign brands are either sourcing the suits, formal jackets and trousers for men and women or establishing joint ventures in Bangladesh to tailor the
Budget carrier starts flights to Singapore
Singapore’s low cost carrier Tiger Airways yesterday began flights from Dhaka. The airline will connect with Singapore by operating four flights a week, with plans to carry business and leisure travellers by offering low fares, airline officials said in a programme. “Tiger Airways’ new flight is timely as there is an increasing demand for direct ... Read more