Saturday , January 19 2019
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Bangladesh telecom regulator moves to keep market competitive


The Bangladesh Telecommunication Regulatory Commission or BTRC recently approved the regulations. Out of the four mobile phone operators in Bangladesh, only Grameenphone currently makes up more than 40 percent of the total market share in terms of subscriber base, according to the BTRC data. “Everyone can do business once the SMP regulations are implemented. No-one will keep more than 40 ... Read More »

Bangladesh’s growth-minded iron lady vies for re-election


DHAKA: Bangladesh (AP) — Bangladesh Prime Minister Sheikh Hasina is poised to win a record fourth term in Sunday’s elections, drumming up support by promising a development bonanza as her critics question if the South Asian nation’s tremendous economic success has come at the expense of its already fragile democracy. Sunday’s polls, the 11th since Bangladesh won independence from Pakistan ... Read More »

2 held with 1.6kg gold at Dhaka airport


Dhaka : A Dhaka customs house preventive team has detained two people, including an airport technician, with 14 gold bars—weighing about 1.6 kilograms—at Hazrat Shahjalal International Airport in Dhaka. They were detained at the luggage collection area of the airport around 5pm on Wednesday. The estimated market price of the seized gold is about Tk82 lakh. The detainees are passenger ... Read More »

Global support lets Bangladesh PM withstand election worries


DHAKA, Bangladesh (AP) — Congratulatory messages are flowing to Bangladesh’s Prime Minister-elect Sheikh Hasina, ensuring she will withstand the reverberating calls to investigate serious allegations of widespread irregularities in Sunday’s election that was dominated by her coalition. Hasina is all set to form the government for a third consecutive time, and on Thursday the country’s president invited her to form ... Read More »

India, Nepal, OIC, SAARC satisfied over Bangladesh polls process


The election observers of India, Nepal, the South Asian Association for Regional Cooperation (SAARC) and Organisation for Islamic Cooperation (OIC) have expressed their satisfaction over the election process of 11th parliamentary polls in Bangladesh. The observers on Sunday afternoon said that the elections were peaceful and organised. Neighbouring India sent a three-member team to Bangladesh. “We’ve observed the elections in ... Read More »

Businesses in Japan’s Nagoya urged to invest in Bangladesh


Dhaka : Bangladesh’s embassy in Tokyo yesterday urged Japanese firms to come and utilise the business and investment opportunities in the South Asian country. Rabab Fatima, Bangladesh’s ambassador to Japan, highlighted the trade potentials of Bangladesh and shed light on the key factors which played the main role for the country’s industrial development. She also mentioned the participation and contribution ... Read More »

Kazakhstan ready to offer trade opportunities for Bangladesh


Dhaka : The government of Kazakhstan is willing to offer trade and business opportunities for Bangladeshi business people, ambassador of Kazakhstan to Bangladesh said yesterday. Barlybay Sadykov, the ambassador, also said his government will consider employment facilities for Bangladeshi skilled manpower in the areas of English language teaching, nursing and housekeeping. Sadykov was speaking at a seminar titled ‘Trade and ... Read More »

16.1kg gold seized at Dhaka airport


Dhaka : A preventive team of Dhaka Customs House seized some 161 gold bars weighing around 16.1 kg at Hazrat Shahjalal International Airport here on Thursday. Othello Chowdhury, Deputy Commissioner (Preventive Team) of the Dhaka Customs House, said they had information that a big consignment of gold would reach the country by a flight of Singapore Airlines. Based on the ... Read More »

Four-nation customs officials’ border coordination meeting held


Dhaka : The 16 participating high officials were from India, Bhutan, Nepal, and Bangladesh . The first ever four-nation customs officials’ border coordination meeting was held at Lalmonirhat’s Burimari land port on Tuesday. Organized by Asian Development Bank (ADB), the 16 participating high officials were from India, Bhutan, Nepal and Bangladesh. During the meeting, several bilateral and trilateral discussions were ... Read More »

Coal export to Northeast India begins after 6-yr of suspension


Brahmanbaria,: Bangladeshi businessmen have begun to export coal to Northeast India through Akhaura land port around six-year of suspension. Due to the heavy demand of coal in Tripura and adjacent areas, Bangladeshi coal traders have been importing coal from Russia and Indonesia on ships through Ashuganj River Port and then exporting those over land route. A total of 700 tons ... Read More »

Nepal-Bangladesh energy cooperation meet starts today


The Nepal-Bangladesh joint steering committee meeting on energy cooperation between the two nations is set to kick off in the Capital from Monday. The first meeting between the respective authorities of the two countries after Nepal and Bangladesh inked a memorandum of understanding (MoU) on energy cooperation in August is expected to discuss on enhancing energy trade and investment between ... Read More »

‘70pc Japanese firms in Bangladesh keen to expand business’


Dhaka :About 70 percent of the Japanese companies in Bangladesh want to expand their business in the next one to two years as their confidence has improved, said Japan External Trade Organisation (JETRO) Country Representative D Arai yesterday. “About 270 Japanese companies are operating their business in Bangladesh. Even after the Holey Artisan incident in 2016, no single Japanese company ... Read More »

China offers visa on arrival for qualified Bangladeshis


Dhaka:Bangladeshi citizens who are qualified and able to provide relevant supporting documents can apply for port visa, also known as visa on arrival, at relevant Chinese ports, says an official at Chinese Embassy in Dhaka on Thursday. The duration of the stay for ‘port visa’ shall not be more that 30 days, said Chen Wei, spokesman and political counselor of ... Read More »

Zara’s women’s men’s and kids’ collections available online to BD customers


Arteixo, Spain, Nov 12 (AsiaNet/UNB) – Zara’s global women’s men’s and kids’ collections will be available online to customers in Bangladesh from November 8. French and is supported by dedicated customer service similarly available in both languages, will feature new items from the women’s (including the Woman, Trafaluc and Basic lines, men’s and kids’ collections twice a week. The simple ... Read More »

India’s success in ease of doing business index shows Bangladesh can do it: BIDA chief


Dhaka : The chief of the Bangladesh Investment Development Authority (BIDA) has said India’s stunning success in the ease of doing business ranking indicates that Bangladesh can also pull it off. “We have to improve a lot. And we are working for that,” Executive Chairman Kazi M Aminul Islam said on Tuesday. He said this improvement is necessary for the ... Read More »

68pc Bangladeshis pay no income tax: CPD survey


Dhaka : Some 68 percent of the population do not pay tax despite having taxable income, according to a study by the Centre for Policy Dialogue. The independent think-tank carried out a survey earlier this year among 1,200 people with taxable income and found only 32 percent had paid income tax the previous year. And 25 percent of the survey ... Read More »

Bangladeshi products likely to get duty-free access to EAEU countries


Dhaka: Bangladeshi products are likely to get duty-free access to the five member countries of the Eurasian Economic Union (EAEU). Dhaka received such indication at the recently held maiden meeting of the Bangladesh-Russia Intergovernmental Commission on trade and other issues in Moscow. Bangladeshi officials who attended the meeting said Moscow has showed a positive attitude towards a proposal placed by ... Read More »

New Delhi seeks duty-free sugar export facility to Dhaka


Dhaka : Commerce Minister Tofail Ahmed told journalists after a meeting with the visiting Indian Food and Public Distribution Secretary Ravikant at his secretariat office Commerce Minister Tofail Ahmed yesterday said India wants duty free market access facility for sugar in Bangladesh market under the South Asian Free Trade Area (SAFTA) agreement. The minister told journalists after a meeting with ... Read More »

Bangladesh needs more reforms to make doing business easier: WB


Dhaka: Although the country has taken some initiatives to make doing business easier, the marginal change in Bangladesh’s position in the World Bank Group’s Doing Business 2019 report indicates that the pace of reforms needs to be increased significantly. Economies in South Asia region made further gains to improve the ease of doing business for domestic small and medium enterprises ... Read More »

Immense possibilities but many challenges for Bangladesh


Dhaka : Industry leaders and business experts at the conference sounded caution, saying inadequate infrastructure, shortage of skilled resources and energy security were the biggest challenges in accelerating economic growth Despite citing a long list of challenges, business leaders meeting in Dhaka for an investment conference were overwhelmingly positive about the country’s economic performance and outlook, saying Bangladesh was unique ... Read More »