NBR asked to assess if import duty on it can be reduced ahead of Ramadan Cabinet has asked National Board of Revenue to work on whether import duty on edible oil can be reduced ahead of Ramadan. “The import duty is 15%. NBR has been asked to check how much of it can be reduced,” ... Read more
Business
SIBL wins Bangladesh Innovation Award-2022
Social Islami Bank Ltd (SIBL) won the Bangladesh Innovation Award-2022 in the category of “Best Innovation–Finance Innovation in Banks” by Bangladesh Innovation Conclave recently. Zafar Alam, managing director of the bank, received the award from Salman F Rahman, private industry and investment adviser to the prime minister at Le Meridien in
Premier Bank honours SME women entrepreneurs
Premier Bank honoured women entrepreneurs for their contribution to the small and medium-sized enterprise (SME) sector on the occasion of the International Women’s Day at the Renaissance Dhaka Gulshan Hotel last week. Md Obaidul Hoque, executive director of the SME and special programmes department at the
Observing the revolution of mobile financial services
The remote regions of the country has had a MFS revolution in last ten years The closing ceremony of the 10th anniversary programme of mobile financial service in Bangladesh was held in Dhaka on Saturday with the hope of making instant financial transactions easier and safer, and expanding financial inclusion. Ten years past the advent ... Read more
Samsung Galaxy S22 experiences record-breaking pre-orders
Pre-orders for the Galaxy S22 series have reached a record high as the pre-orders for the Galaxy S22 series have more than doubled those of the Galaxy S21 series, said a press release. The Galaxy S22 Ultra has driven more than 60 per cent of sales so far. The Galaxy S22 and S22+ will break ... Read more
SESA Bangladesh launches first ever 100% Regular Herbal Hair Oil
SESA, an Indian reputed hair care brand that relies on 100% natural ingredients and makes the most authentic herbal hair care product, is now officially in Bangladesh. Getting overwhelming responses and tremendous support from the customers SESA has launched Daily Care Herbal Oil for regular usage on 3rd March 2022. This is the first time ... Read more
BB launches Tk 1,290cr CMSE loan scheme
The Bangladesh Bank on Thursday launched an Asian Development Bank-funded $150 million or Tk 1,290 crore in refinance scheme to support setting up cottage, micro and small enterprises by returning migrant workers, youths and rural enterprises. Under the project, the returning migrants, youths and rural enterprises will receive
Marcel offers up to Tk 5 lakh in cashbacks
Bangladeshi electronics brand Marcel launched Digital Campaign Season-14, following success in the previous seasons. Under the new season, customers of Marcel fridge, television, air conditioner, washing machine, microwave oven, blender, gas stove, fan and rice cooker will get cash back of up to
Rangs launches ‘Outlander Shadhinota Utshob’ campaign
Rangs, distributor of Japanese car manufacturer Mitsubishi Motors in Bangladesh, organised an “Outlander Shadhinota Utshob” campaign for March marking Bangladesh’s Independence Day. Under the campaign, anyone can avail of a two-year warranty and two free servicing upon booking a brand-new Outlander from Mitsubishi showrooms in Dhaka and Chattogram, said
Nationwide Doorstep delivery pioneer- Paperfly has stepped into its 7th year
Paperfly has reached its 7th year as a key player to revolutionize the logistics industry in Bangladesh. It has undoubtedly established the strongest doorstep delivery network in the country with the fastest delivery time built within these six years. Paperfly commenced its journey in February 2016 with only three people having
Jewellery expo on March 17
Bangladesh Jewellers’ Association (BAJUS) is going to organise a three-day “Jewellery Expo 2022” from March 17 for the first time. The event will be held at the International Convention City Bashundhara (ICCB) to celebrate the birth centenary of Bangabandhu Sheikh Mujibur Rahman and the golden jubilee of the
FAO regional confce begins
The 36th Regional Conference for Asia and the Pacific of the UN’s Food and Agriculture Organization (FAO) began in Dhaka on Tuesday focusing on four areas of regional cooperation, including a sustainable agri-food system. Addressing the inaugural session of the conference, FAO Assistant Director-General
GP launches 4G modem, routers
Grameenphone recently launched one 4G modem and two routers with prices ranging from Tk 2,650 to Tk 4,499 through a ceremony at GP House in Dhaka. “…these affordable devices enable customers to have the best 4G experience with ease and on the go,” said Chief Marketing Officer Sajjad Hasib in a press
Coca-Cola wins Bangladesh Innovation Awards 2022
International Beverages, a subsidiary of the Coca-Cola Company, was recognised by the Bangladesh Innovation Awards 2022 at Le Meridien, Dhaka on Sunday. It won in the category, “Best Innovation-SDG Inclusion”, at the 4th edition of the Bangladesh Innovation Awards. Advisor to the Prime Minister Salman Fazlur Rahman was present as
Holtmann IFC’s new country manager
The International Finance Corporation (IFC), a member of the World Bank Group, has appointed Martin Holtmann as the new country manager for Bangladesh, Bhutan and Nepal. Based in Dhaka, Holtmann will focus on developing new opportunities for private sector investments and increasing IFC’s impact investments as the region recovers from
TVS Raider motorcycle now in Bangladesh
TVS Motor Company, an Indian multinational automotive company that manufactures two-wheelers and three-wheelers, launched its feature-rich TVS Raider in the 125cc segment for young customers in Bangladesh. It has an LCD digital speedometer, 3Vi-Touch Start, animalistic LED headlamp and first-in-segment under-seat storage, a press release said
5G auction on March 31
The Bangladesh Telecommunication Regulatory Commission (BTRC) will hold the spectrum auction for fifth-generation (5G) mobile and internet connectivity on March 31 and give the telecom operators 6 months to roll out the service from the day of the auction. The operators have to submit an application by March 14 for attending the
Hero MotoCorp unveils new brand ‘VIDA’ for electric mobility
In keeping with the pursuit towards its vision –Be the Future of Mobility –Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, unveiled Vida, Powered by Hero, a brand-new identity for its emerging mobility solutions, including upcoming electric vehicles, said a press release. Introducing Vida, Powered by Hero at a one-of-its-kind Carbon Neutral event
IRD launches ‘Prize Bond Result Inquiry Software’
The Internal Resources Division of the finance ministry on Saturday launched an online software named ‘Prize Bond Result Inquiry Software’ to popularise prize bonds across Bangladesh. People can find out the result of the draw of prize bonds worth Tk 100 easily to get access to the software by browsing www.irbd.online
Collateral-free loans made available for digital SMEs
There’s some good news for small-and-medium enterprises (SMEs) based online as Shakti Foundation, a microfinance intuition, has joined hands with Delivery Tiger, a courier and parcel service platform, to disburse collateral-free loans among them, including F-commerce companies. Shakti Foundation and Delivery Tiger collaborated to launch the