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Bangladesh – The 3rd highest remittance receiving country in South Asia

Bangladesh becomes the 3rd highest remittance receiving country in South Asia, 9th in the world. It has seen a 17.9% growth in remittance earning in 2018 where the rate saw declination of 11.5% in 2016. The leader in remittance earning is India ($79.5 million), followed by China ($67 million) and Mexico & Philippines ($34 million). World Bank reports that the developing
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tc6

Tiger Cage Launch Event held

Tiger Cage, an entrepreneurship-themed video series from Startup Dhaka, was launched on 10th December at EMK Center, Dhanmondi. Tiger Cage is the first ever video series in Bangladesh giving startups the opportunity to pitch in front of investors who are willing to provide funding access to startups. The show aims at mitigating one of the Bangladesh startup ecosystem’s
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370242-generic-survey

Bangladesh – The most Optimistic Market

Bangladesh remains the most optimistic market according to the HSBC Navigator Survey on 34 countries. The countries included were the US, the UK, Canada, Brazil, Mexico, France, Germany, Italy, Spain, Russia, Switzerland, Turkey, Australia, China, Malaysia, Singapore and Vietnam. The survey, conducted by Kantar TNS, takes into account the responses of over 8650 businesses from small to mid to large
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Fn1Kowd

Mobile Data usage increases 46%

Since the introduction of 4G, the usage of internet boosted. Last year's average usage was about 700MB. However, Robi, with 2.83 crore active mobile internet users and 55 lakh regular users, saw 88% increase in data usage in just one year. Grameenphone, with 3.63 crore active internet users and 50 lakh 4G users, saw 52.4% increase in a year. Banglalink
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Sheba

Sheba.xyz signs healthcare deal with Telenor Health for its service providers

Telenor Health has signed an agreement with Sheba.xyz, an online based marketplace devoted to providing the best quality service, said a statement sent to FS. Under this agreement, service providers of Sheba.xyz, will now be enjoying the digital health care benefits of Tonic that includes up to BDT 200,000 yearly coverage for the hospital stay, monthly free minutes for 24/7 doctor consultation,
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BB governor

Former Bangladesh Bank governor proposes fund for innovation, research

Former governor of Bangladesh Bank Dr. Atiur Rahman has proposed creation of a national innovation and research fund to encourage more young people to become entrepreneurs He made the proposal while addressing a seminar organised for youths by World Linkup at the Senate Building of Rajshahai University on Saturday, says a statement. Describing the youths as the main resources for building
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Narayanganj

Electric train service comes to Narayanganj

The government has taken up a project to introduce electric train service in Narayanganj under a public-private partnership with Singapore.The cabinet committee on economic affairs with Finance Minister AMA Muhith in the chair yesterday approved the local government division's proposal to reduce the district's traffic congestion. Nasima Begum, additional secretary to the cabinet division, told reporters afterwards that 388 cities around
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Leathertech

Leathertech Bangladesh 2018 launches on Thursday

The sixth edition of a three-day Leathertech Bangladesh 2018 will begin at International Convention City Bashundhara from November 22, aiming to bring global technology at the doorsteps of the local industry to catalyse growth and modernisation. ASK Trade & Exhibitions Pvt Ltd is organising the trade show. Concurrently, the second edition of the Bangladesh Leatherfootwear & Leathergoods International Sourcing Show 2018,
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MTB

MTB launches UnionPay payment services

Mutual Trust Bank (MTB) yesterday joined hands with UnionPay International to jointly launch debit and credit cards alongside QR code payment, e-wallet and digital card services for the first time in Bangladesh. The virtual services allow payments through mobile phones, taking away the need for physically carrying cards. MTB signed the relevant agreements with UnionPay International in Shanghai, China in March. Addressing
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Service export

Services exports clocks in over 50pc gain

Earnings from services export rose 55.52 percent to $1.4 billion between July and September because of higher performance of the transport sector, according to data from the Export Promotion Bureau (EPB) yesterday. The earnings are 12.76 percent higher than the target of $1.25 billion. Receipts from the transport service sector totalled $190.18 million in the current fiscal year's first quarter. Of
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BTRC competition.cms

BTRC to forge competition through ranking telcos, ISPs

The Bangladesh Telecommunication Regulatory Commission will rank telecom and internet service providers based on different evaluation methods, including customer surveys, inspections, audits and test drives. The telecom regulator is also considering to publish the final evaluation report on its website or through the media to raise public awareness and create a competitive environment conducive for better service. The BTRC yesterday issued
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Top 10 technology oriented economies of the world

Technology has been an inseparable tool in the process of development of any country. Adaptability to technology is one of the most influential and crucial indicator for a country to attract foreign investment. The world is enthusiastically ready for the next generation technology like artificial intelligence, green energy based technology etc. Therefore, the most flexible economy to adapt to this
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