The number of mobile network subscribers in Bangladesh rose for three consecutive months to reach an all-time high in April while internet usage slipped that same month. Local network operators collectively added about 4.6 lakh customers in April from that a month earlier to reach 183.3 crore subscribers
Business
BB lines up Tk 100cr for digital nano loans
Bangladesh Bank introduced a Tk 100 crore refinance scheme for “digital nano loan” disbursements with an aim to expand the financial inclusion of marginalised people. Participating banks will be able to disburse loans of Tk 500 to Tk 50,000 to individual customers with up to 9 per cent interest under the scheme
BIT signs deal with US firm on internet coverage
Business Information Technology Ltd (BIT) has teamed up with US-based ARRA Networks to introduce their new internet last-mile technology in Bangladesh. BIT and ARRA hosted presentation sessions to a number of companies, community leaders, and the military during the week of May 29 – June 2, 2022. They even invited a number of
Bangladesh exports charcoal of Tk 40 crore yearly
Business Desk : dhakamirror.com Bangladesh is currently earning Tk 40 crore by exporting charcoal to different countries annually. At present, around 7,071 tonnes of charcoal are produced in about 40 factories in several districts in the country including Faridpur, Rajbari, and Magura, the textiles and jute ministry said in a press release yesterday. In addition ... Read more
Agritech startup iFarmer raises $2.1 million
Business Desk : dhakamirror.com iFarmer, a full-stack agriculture platform providing agri based services to farmers, has recently raised $2.1 million in a new financing round, maintaining its accelerated growth, said a press release. IDLC Venture Capital Fund, the VC arm of IDLC Finance, one of the largest non- banking financial institutions in Bangladesh, led the ... Read more
2 Pran concerns win productivity award
By Business Desk : dhakamirror.com Habiganj Agro Ltd and Sylvan Technologies Ltd, sister concerns of Pran-RFL Group, won National Productivity and Quality Excellence Award-2020 for enhancing productivity and manufacturing quality products. On behalf of Habiganj Agro, Eleash Mridha, managing director of Pran Group, and Mostafizur Rahman, chief operating officer of Sylvan Technologies, received the award ... Read more
3 Toyota models to be available from June 4
For the first time, Navana Ltd-Toyota will launch three new models of two different categories on the same platform on June 4. The range of vehicles that will be on display are the all new Veloz, Raize and 3rd generation Avanza, a press release said
7UP TVC features Shakib, Fido Dido
A new television commercial of lemon and lime flavoured non-caffeinated soft drink 7UP was released on Monday as a part of a “Think Fresh” summer campaign featuring brand ambassador Shakib Al Hasan. It portrays Shakib making his way through a situation in life taking inspiration from 7UP’s mascot Fido Dido and motivates youngsters to be ... Read more
Twitter investors sue Musk claiming ‘market manipulation’
Twitter investors are suing Elon Musk and the social media platform over the handling of the billionaire’s $44bn bid for the company, the BBC reports. The investors said Musk saved himself $156 million by failing to disclose that he had purchased more than 5% of Twitter by March
Foodpanda looks to tap growth opportunities
Says its Managing Director Zubair Siddiky Mahmudul Hasan When the coronavirus pandemic hit Bangladesh in 2020, food delivery platform foodpanda accelerated its expansion to establish its footprint across the country as demand rose. By the second week of December 2020, it had operations in all 64 districts in the country. Foodpanda started off in many ... Read more
Chapainawabganj, Rajshahi can use GI tags for branding
Chapainawabganj and Rajshahi today secured their names as producing regions of Fazli mango meaning that the northern districts will be able to use its Geographical Indication (GI) tag, which will enable growers to brand the popular mango variety better at home and abroad. Both the mango producing zones will share the GI tag to brand ... Read more
Tourism needs proper planning
Experts say Proper planning for the tourism sector’s development has become imperative as Sustainable Development Goals (SDGs) cannot be achieved by 2030 if tourism does not flourish in Bangladesh, said speakers at a meeting yesterday. At least 6 SDGs are directly and the rest indirectly related to tourism, they told the first
Nissan launches latest ‘Magnite’ in Bangladesh
Nissan recently launched its latest B-SUV model Nissan Magnite. The launch ceremony took place on Nissan Bangladesh’s Tejgaon showroom in May 21. Previously launched in 15 other countries including Nepal, Bhutan and Sri Lanka, the 1000cc Nissan Magnite comes with features such as
Bring corporate tax down to 10-15% for newspapers: Editors to finance minister
Editors yesterday urged the government to bring down the corporate tax for newspapers to 10-15 per cent from the fiscal year of 2022-23 to help the print media survive amid rising costs. Currently, the newspaper industry has to pay 30 per cent corporate tax. The editors also demanded a reduction of the tax deducted at ... Read more
Akij signs deal with Bühler Asia for high-tech flour mill
Akij Essentials Ltd has signed an agreement with Swiss multinational plant equipment manufacturer Bühler Asia Private Ltd, Singapore to establish a latest technology flour mill with a 600-tonne daily production capacity located in Narayanganj. This is one of the big investments in food commodity business by Akij Essentials, a press
Shaila Abedin new CEO of Pulse Healthcare
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
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