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
Business
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
War offers more Canadian work for local freelancers
Says an expert Opportunities for Bangladeshi freelancers have widened in the Canadian outsourcing market since the start of the Russia-Ukraine war, according to a joint working group on strengthening commercial relations. Most Canadian companies used to hire freelancers from India, Russia and Ukraine, said Nuzhat Tam Zaman, co-chair of the Canada-Bangladesh Joint Working Group, a public-private platform
Al-Arafah, Mastercard bring contactless cards
Al-Arafah Islami Bank, in collaboration with Mastercard, yesterday launched the first contactless Islami debit and prepaid cards in Bangladesh. The move came after Bangladesh Bank last month gave the green light to roll out contactless debit and prepaid cards with a view to pushing
Incepta launches ‘Linatab E’ for diabetic patients
Incepta Pharmaceuticals has launched a new medicine under the brand name of “Linatab E” that combines Linagliptin and Empagliflozin, the two most remarkable and safe therapeutic classes of modern times for controlling diabetes. National Professor AK Azad Khan unveiled the medicine at the Bangladesh Institute of
Population, housing census from Jun 15
The Bangladesh Bureau of Statistics (BBS) will start conducting the population and housing census from June 15. The sixth survey of the BBS will be weeklong and it will conducted in digital format. Around 3.7 lakh numerators will collect the data countrywide by using 3.95 lakh tablet computers. The authorities will collect data through Computer ... Read more
Walton logs record Tk 127cr sales in March
Walton Hi-Tech Industries recently announced selling about Tk 127 crore worth electrical appliances of its Walton, Marcel and Safe brands in March, which the company said was its highest ever for a single month. Walton earlier registered a 52 per cent sales growth in electrical appliances including elevators, fans, LED lights, switches and sockets in fiscal ... Read more
realme C31 launched in Bangladesh
Smartphone brand realme has launched its latest addition to the C series — realme C31 — on Monday in the Bangladesh market, said a press release. The feature-rich smartphone comes with a robust Unisoc processor, an exceptional triple camera set-up, and a massive battery that are all
Nagad brings Islamic lifestyle services
Nagad Islamic has included a number of features for Muslim customers, including a zakat calculator and a range of Islamic lifestyle services on its app and website. Using the Nagad Islamic platform, customers will be able to calculate their own zakat, get access to all the daily prayer services, including free audio
Banglalink launches digital services’ marketplace ‘AppLink’
Banglalink has officially launched “AppLink”, a marketplace for digital services, with an aim to connect its customers with local mobile application developers. Apart from providing the customers with convenient purchase facilities, it will open up earning opportunities for the developers
Tourism Hospitality: Pandemic costs Tk 60,000cr
BIDS study finds The adverse effects of Covid-19 were profound in Bangladesh’s hospitality and tourism sector as it lost about Tk 60,000 crore in gross value added during the pandemic, according to a survey by the Bangladesh Institute of Development Studies (BIDS). The research organisation estimates that the sector would have contributed
OPPO F21 Pro launched in Bangladesh
With a commitment to elevate lives with innovation and artistry, the leading global smart device brand OPPO has unveiled the latest addition the Bangladesh’s first SONY IMX709 Flagship Selfie Sensor with the Segement 1st Microlens camera to their F series devices – the OPPO F21 Pro – through a launching event held recently, at Le Meridien Dhaka, ... Read more
Agent banking transactions top Tk 50,000cr
The amount of money transacted through agent banking exceeded the Tk 50,000-crore mark for the first time in January 2022 as the service has managed to expand its reach in the country’s rural areas. The Bangladesh Bank gave agent banking licence in 2014 with a view to bringing the unbanked people under the formal banking channel ... Read more
Walton wins bids to buy European brands
Walton Hi-Tech Industries PLC said today it has won the tender to procure more than 50 years long-established European brands ACC, Zanussi Elettromeccanica (ZEM) and Verdichter (VOE) from Italia Wanbao-ACC. It will also buy a fully automated inverter and non-inverter compatible compressor line with a capacity of 3.2 million units per year, according to a regulatory ... Read more
Remark launches cosmetics industry
Remark HB Limited has established the country’s first full-fledged cosmetics industry and skincare research centre in Munshiganj recently, said a press release. Remark wants to firmly establish its position as one of the top cosmetics and research centres globally, and it is hopeful this is a step in the right direction, according to the
bKash incurs Tk 123cr loss in 2021
BKash, the leading mobile financial service provider in the country, posted Tk 123 crore of losses in 2021, which is 83 per cent higher than the losses it posted in the corresponding period of the past year. BRAC Bank, the majority shareholder of bKash, on Sunday disclosed the financial statements of the MFS provider in ... Read more
Singer to invest Tk 680cr in new factory
Singer Bangladesh, a home appliance manufacturer and marketer, yesterday said it is going to invest Tk 680 crore to establish a new manufacturing facility to cater to the growing demand for home appliances. Following the company’s disclosure, its shares closed 1.67 per cent higher at Tk 170 yesterday at the Dhaka Stock Exchange. Singer Bangladesh said ... Read more
Aarong opens 25th outlet in Rajshahi
Lifestyle retail chain Aarong has opened its 25th outlet on Kumarpara crossing at Boalia in Rajshahi where it is offering discounts on purchases of Tk 5,000 for a limited time. Mohammad Ashraful Alam, chief operating officer, inaugurated the outlet on Friday, said a press release. “We are happy for the fact that we will be ... Read more