Business

Bangladesh’s software and information technology-enabled services industry is set to take off with some companies entering the world market and a significant portion of the local market getting readied, industry people said. Industry output, however, remained insignificant in two decades and entrepreneurs said

A leading global auditing and business advisory group has listed Bangladesh as one of the emerging Asian destinations for sourcing software, information technology-enabled services and business process outsourcing. The Amsterdam-based KPMG in a survey report placed Bangladesh with Indonesia, Malaysia,

An emerging domestic economy and the ever expanding business activities are rapidly turning the country’s growing IT market a lucrative one for its homegrown software companies, industry insiders said this week. These are resulting in a major shift in the focus of the local IT companies which are increasingly

The concluding ceremony of four-daylong SoftExpo-2010 was held at Bangabandhu International Conference Centre in the city on Saturday. Commerce Minister Faruk Khan attended the ceremony as the chief guest. AKM Abdul Awal Mazumder, secretary, ministry of Science and ICT, Ghulam Hussain, secretary

A month-long handicraft fair and folklore festival kicked off yesterday at Bangladesh Folklore and Crafts Foundation in Sonargaon. Abdullah-Al-Kausar MP, inaugurated the festival as chief guest, while Hedeytullah Al-Mamun, cultural affairs secretary, was present as special guest. A total of 192 stalls will display handicrafts, apparels and stationery goods at the

Jamdani and tant sari for girls and panjabi for boys topped the gift list on the occasion of Valentine’s Day and Pahela Phalgun as sales peaked in shops of greeting cards, gift items, flowers as well as cake and pastry in the capital city. The shops have been decorated with Cupid dolls and heart-shaped products ... Read more

The revenue of Grameenphone for the fourth quarter in 2009 stood at Tk 1,675 crore, up by 2.6 per cent in comparison with that of the same period in 2008, said a press release of the cell phone operator on Tuesday. The revenue increase, however, excluded onetime recognition of arrear interconnection

Mobile operators Grameenphone and Banglalink yesterday officially announced their move to join efforts in sharing network infrastructure, aiming to take low cost services to the untapped rural market. The two top operators signed a deal on February 1 to share their infrastructure for efficient management of resources by allowing

Says BASIS official on eve of software expo The ICT market size is expected to be $500 million from existing $300 million if young information technology professionals get banking support for their working orders, experts said. “Our young IT professionals have vast technical know-how but they have no access to finance that

The three-day international tourism fair Dhaka Travel Mart 2010 will begin at Winter Garden of Dhaka Sheraton Hotel on March 11. The Bangladesh Monitor, premier travel & tourism publication of the country, will be hosting the seventh edition of the international tourism fair. Triune Exhibition and Event Management Services has been entrusted with

Bestway Bazar was selected  as the best pavilion in the Dhaka International Trade Fair- 2010.Commerce minister Lt. colonel (Rtd) Md Faruk Khan handovered the crest of the best pavilion prize to Md Mizanur rahman, chairman of Bestway group  on the closing ceremony of the

Biman opened its non-stop Dhaka-London flight yesterday with 297 travellers on board. It was a journey without a break, officials said. An aircraft, 323-seater Boeing 777-200 ER, leased by the state-owned carrier, took off from Zia International Airport at 9.20am, said a senior Biman official. The carrier will operate three non-stop flights a week on ... Read more

Five-day SoftExpo in city from Feb 10 The export volume of software and information technology-enabled services increased by 32.17 per cent last year with a sale worth some $ 32.91 million in 2008-09, while the industry has fixed a target for $ 38 million in 2009-10 fiscal. ‘Bangladesh earned $ 24.9 million from export of ... Read more

Setting up of cuisine training institutes in the country could open up a new opportunity of huge overseas jobs with handsome salaries for Bangladeshi youths as the British curry industry has now a demand for 30,000 skilled cooks and kitchen staffs, reports BSS. ‘The globally-acclaimed UK’s curry industry is now suffering from the shortage of ... Read more

A large number of visitors thronged the three-day Chittagong Apparel, Fabrics and Accessories Exposition at the indoor stadium of the Chittagong District Sports Association in the city on Friday. Thirty-nine companies from home and abroad put their products on display at 54 stalls at the fair that began on Thursday, said officials of the

Three-day REHAB Fair 2010 showcasing real estate and housing projects began at the Chittagong Club on Thursday. The chairman of the parliamentary stranding committee on the housing and public works ministry, ABM Fazlee Karim Chowdhury, inaugurated the fair, organised by the Real Estate and Housing Association of Bangladesh. Ninety-four real estate and housing companies and ... Read more

Market watchers worried Dhaka stocks continued their rally on Thursday, sparked by relentless flow of fresh funds, taking the benchmark index closer to 5400-mark. Market analysts said the market is witnessing a frenzy in trading by new investors, which is reminiscent of 1996 bubble and bust. They said a lingering bullish market has attracted an ... Read more

Dhaka stocks tumbled yesterday, led by a deep fall in Grameenphone shares, as some investors became unnerved by the regulator’s move to open a probe into the cellphone operator’s trade. Panic sell-offs and profit-taking led GP to lose 8.40 percent to Tk 255. The benchmark DGEN or General Index declined 68.99 points or 1.29 percent ... Read more

The posts and telecommunications minister, Razi Uddin Razu, told the parliament on Tuesday that the government had in principle decided to offload 25 per cent of shares of the state-run mobile company Teletalk through initial public offer. ‘The deadline for the initial public offer is yet to be decided,’ the minister said in reply to ... Read more

Grameenphone Ltd. has signed an agreement with T.K. Group of Industries recently to provide complete communication facilities under its Business Solutions package, says a press release. The agreement was signed by Rafiq Ahmad, executive director of T.K. Group of Industries and Khandaker Omar Farhan, deputy general manager, Direct Sales, Grameenphone, on behalf of their respective