Mercantile Bank eyes VC opportunities

Mercantile Bank, a private bank of Bangladesh, has declared that it has applied to Bangladesh Security and Exchange Commission for alternative investment approval. It will be named as MBL Asset Management Company. Lanka Bangla Finance and IDLC Finance were the first players to move forward in VC opportunities. IDLC Finance has already made investments in Chaldal.
Read more

To enhance safety, Uber introduces Phone Anonymisation

Uber, the world's largest on-demand ride-sharing company, today introduced two-way Phone Anonymisation, a new technology that will improve the way riders and drivers connect and communicate with each other. With this, when a rider and driver contact each other regarding a trip, both phone numbers will be anonymised, ensuring neither can see the other’s personal contact details.   Phone anonymisation is a
Read more

Uber Eats rents a commercial space from Bproperty, the country’s leading real estate property portal that enables selling, buying and renting properties through its online and offline services, have recently signed an agreement with Uber Eats on Sunday, 26 May 2019. Uber Eats has rented a commercial space from Bproperty to use as an on-boarding center for their delivery partners and to facilitate other services.   The signing between Uber
Read more

Sunbird, a journey of art and passion

Samira, a self motivated educator hold multiple postgraduate degrees. Masters degree in Education and Development, diploma in International Laws, and certified in Social Enterprise and Leadership, Samira doesn’t seem to be weighed down. Unlike most people holding just any one of those degrees, Samira teaches Pilates in various studios in Dhaka. One may wonder why. Perhaps worldly affairs do not
Read more

Celebration of Women Innovators

On March 13, 2009, UN Women, supported by Global Affairs Canada, launched the Innovators against Gender-Based Violence (GBV) competition for young women innovators in Bangladesh. Its key objective is to provide them with an opportunity to unleash their potential and creativity to find ground-breaking ideas and innovative solutions to advance gender equality and women’s empowerment, with a specific focus on
Read more

Press Release for “Belt and Road Meets Digital Bangladesh” Conference, Shenzhen Stock Exchange, May 6, 2019

The “Belt and Road Meets Digital Bangladesh” Conference was held at Shenzhen Stock Exchange, on May 6, 2019 at which more than 25 Bangladeshi Technology Companies had the opportunity to present to almost 100 Chinese investors and companies. Shenzhen is the technology capital of China and more than 2100 companies are listed on the Shenzhen Stock Exchange is the 8th
Read more

GP Accelerator 2.0 launched in Dhaka

Grameenphone Announces Call for Applications from Startups from across Bangladesh Grameenphone launches a nationwide call for applications from startups to join its program called GP Accelerator 2.0 at a press conference at the Pan Pacific Sonargaon today. Zunaid Ahmed Palak, State Minister, ICT Division, Ministry of Post, Telecommunication and Information Ministry has made the announcement at the event as the Chief
Read more

Truck Lagbe gets $1 million

Truck Lagbe, an online platform connecting truck owners/drivers and shippers, has snagged $1 million investment in a pre-Series A funding round. With new funds, the company plans to launch new products, onboard more truck drivers and expand its operations to several new locations. Previously, the company also raised an undisclosed amount of seed funding three months ago.
Read more

Bangladesh Bank at risk of cyber attack

Bangladesh Bank's central server seems to be at high risk of hacker intrusion and stealing money by placing fraudulent orders as hackers have reportedly installed malware there. The intrusion is not uncommon to us as hackers have penetrated the server before and stole $101 million of Bangladesh Bank that was deposited in New York Fed account in 2016. In March, the Bangladesh
Read more

Export earnings reach 1.12 billion from Canada

Bangladesh exported products worth $1.118 billion to Canada and imported $498.16 million from there in fiscal year 2017-18 (FY18). Commerce Minister Tipu Munshi made the disclosure while High Commissioner of Canada to Bangladesh Benoit Prefontaine called on him at the secretariat in the city on Monday. The minister laid emphasis on forming a forum to expand trade and investment and
Read more