They say the online payment service to boost income from abroad Local freelance software developers, who work for foreign companies online and earn foreign currency, yesterday urged the government to take steps to introduce a convenient online money transfer service, such as PayPal, for smooth transfer of their payment. They made the demand at a ... Read more
bangladesh
Galaxy Y to hit the market
Galaxy Y, the latest from Samsung’s Galaxy series, is set to be released in the local market from this week, says a press release. The world’s leading smartphone company has designed it especially for the young generation at an affordable price. With 3-inch QVGA display, the phone has an 832MHz processor and runs on Android’s
Outsourcing can fetch $5b every year
Telecom experts say about Bangladesh’s prospect Bangladesh has the potential to create over 2 lakh direct and 50,000 indirect jobs and earn $5 billion in foreign currency per year in the next decade through outsourcing business. Foreign telecom analysts made the observation yesterday at eAsia 2011, Asia’s mega information and communications technology (ICT) programme at ... Read more
Bangladesh improves in graft status
Though Bangladesh stepped up one position to 13th from the bottom in this year’s corruption index (CPI), it failed to come out from the country list of unbridled corruption, Transparency International (TI) said in a release yesterday. On a scale from 1 to 10, the country has scored 2.7, only 0.3 points higher than last
Dhaka tuned to ICT
eAsia 2011 opens in city, draws host of experts, policy-makers, industry leaders from the region Asia’s mega technology event, eAsia 2011, kicked off in the capital yesterday, thereby putting regional information and communication technology focus on Bangladesh. No other ICT event hosted in the country has seen so many foreign and local experts sharing their ... Read more
WiMax operators set to go aggressive
With the promise of high-speed internet connectivity at an affordable cost, the country’s two existing WiMax operators have geared up to secure greater market penetration in the years to come. Equipped with advanced 4G technology, the WiMax operators are determined to sustain their already achieved success and intensify service operation. “We are focusing to expand ... Read more
Remittance flow to Bangladesh, Asia might be hit: WB
The indigenisation programmes being considered or implemented in the countries under Gulf Cooperation Council including Saudi Arabia have raised concerns of adverse implications for future remittances to migrant-sending countries including Bangladesh, said a World Bank report released on Thursday. ‘While the indigenisation may not affect remittances in the near-term, they highlight the
Brac launches e-education
A new website containing interactive and easy-to-understand lessons on mathematics, general science and English at secondary level was launched by Brac Education Programme yesterday. The e-education.brac.net, launched by Brac Founder and Chairperson Sir Fazle Hasan Abed at the city’s Brac Centre Inn. Prof Dr Mohammad Kaykobad of Buet, Nazrul Islam Khan, national project director of
BB receives 37 applications
Bangladesh Bank has received 37 applications for permission to set up new banks. On the list of the applicants are many influential lawmakers, politicians and businessmen having strong links with the ruling alliance. Under pressure from government high-ups, the board of the central bank in September decided to give its approval for new banks, provided ... Read more
Harmful impacts of cartels on consumers
Munshi Abdul Ahad A cartel is an anti-competitive arrangement between two or more competing businesses. Anticompetitive agreements, particularly cartels, harm consumers in urbanised society, as well as in the emerging countries. In adding together, cartelised industrial sectors lack competition which certainly reduces competitiveness in the long run and may have a negative impact on the ... Read more
How to troubleshoot the economy
Sadiq Ahmed Bangladesh is facing serious macroeconomic challenges and I have written a lot explaining them in a series of articles published in The Daily Star and in The Financial Express. In this new article I am going to write specifically about how Bangladesh could address those challenges while also mobilising substantial external financing in ... Read more
Aspirants weave dreams in CU’s picturesque beauty
Admission tests, which otherwise correlate with hours of continuous stress, couldn’t be more relaxing if not for the campus that has a perfect touch of God-gifted scenic beauty, so say admission seekers about Chittagong University (CU) campus. Thousands of aspirants from all over the country came here to sit for admission tests for the 2011-12 ... Read more
10 Bangladeshi firms get SAFA awards
Bangladesh’s Prime Finance and Investment Ltd yesterday beat competitors from other South Asian countries to win the top award for best published accounts and corporate disclosures. The non-bank financial institution defeated its domestic competitor IDLC, which came first runner-up, and Hatton National Bank of Sri Lanka, which was the second runner-up, to win the
Nokia N9: All it takes is a swipe
Nokia N9, the much-anticipated smartphone from Nokia will hit the local market next week. Let’s have a look at the N9, the first ever pure touch phone with no buttons. So far this is the best-looking and slickest device from Nokia. Its awesome design, display and ease to use make it reasonable alternative to Android ... Read more
Bangladesh Women gain ODI status
November 24, 2011 will be remembered as a red letter day in Bangladesh women’s cricket in future as on this very day the national woman team has gained one day international status beating the US team by nine wickets in an ICC Women’s World Cup Qualifier game on Thursday. Jubilant spectators at the BKSP-2 ground ... Read more
Stock market stimulus package announced
The Security and Exchange Commission on Wednesday announced the stock market stimulus package which included some immediate steps to the relief of mostly institutional inventors and pledges for some special schemes for non-institutional investors. The commission chair, M Khairul Hossain, in the afternoon announced a number of steps
Poor English downs projects
Finds planning ministry report on implementation of donor-funded schemes Guess what slows down the implementation of donor-funded projects in Bangladesh? Lack of money? No. It is the officials’ poor skill in communicating in English with foreign donors. This weakness has been identified in a report by the Implementation, Monitoring and
Stocks plunge ahead of stimulus announcement
Speculation over non-inclusion of CRR, SLR reduction spread panic Dhaka stocks plunged by 224 points on Wednesday in late panic-driven selling following a rumour in mid-session that the government’s stimulus package which would be announced after trading hours would not include reduction of banks’ cash reserve requirement and statutory liquidity ratio. DGEN, the benchmark general ... Read more
Hosts eye ODI status
With hopes of attaining ODI status Bangladesh take on USA in the play-off match of the ICC Women’s World Cup qualifiers at BKSP today. According to Bangladesh coach Mamatha Maben, the hosts go into the match with the favourites’ tag. Bangladesh had a pre-tournament target of achieving a sixth place finish so that they can ... Read more
Rangpur’s first win
It was Rangpur’s maiden win in the National Cricket League when they overturned Khulna by five wickets at the Jessore Stadium yesterday. The three-day finish also meant that the league leaders lost for the first time in five rounds. Elsewhere, Rajshahi are poised for their third win, Dhaka have a tricky final day chase and ... Read more