Jobike hits Dhaka streets The bicycle rental firm expands service after success in pilot schemes Bicycle rental company Jobike yesterday rolled out its service in Dhaka, a year after its successful piloting in Cox’s Bazar, as part of its plan to transform the two-wheelers as one of the main modes of transport in the congested […]
Tyre market grows on rising demand Jagaran Chakma ____________ The automotive tyre market is flourishing in Bangladesh thanks to increasing sales of commercial and passenger vehicles fuelled by expanding economic activities and affluent consumers. The market size of automotive tyres reached Tk 4,750 crore last year, up from about Tk 4,000 crore in 2017 and […]
Foreign satellites will have to pay fees Regulator framing rules for firms doing business in Bangladesh. Muhammad Zahidul Islam _____________________ The telecom regulator is set to formulate regulations to establish the country’s satellite landing rights with a view to regulating the operations of foreign satellite companies doing business in Bangladesh. Landing rights are permissions that […]
Kamal in denial about bad loan situation Star Business Report. _______________ Bangladesh’s non-performing loan situation is not as dire as is being reported in the news media, said Finance Minister AHM Mustafa Kamal. As of September last year, NPL accounts for 11.45 percent of the banking sector’s total loans, according to Bangladesh Bank data. In […]
FAO, WFP, IFAD to continue collaboration with Bangladesh Finance minister says after meetings in Rome. Star Business Report ______________ Three global organisations—the Food and Agriculture Organisation (FAO), World Food Programme (WFP) and International Fund for Agricultural Development (IFAD)—assured of continuing its long-standing collaboration with Bangladesh. The heads of the three Rome-based agencies of the United […]
ADB reaffirms commitment to Bangladesh The lenders vice president meets PM Sheikh Hasina. Star Business Report ______________ The Asian Development Bank (ADB) has reaffirmed its plans to strengthen partnership and boost assistance to Bangladesh, said the Manila-based lender yesterday. Shixin Chen, vice-president of the ADB, reaffirmed the lender’s commitment for Bangladesh during a meeting with […]
Tourism sector needs policy support to thrive: experts. Food and hospitality expo begins in city. Star Business Report. _______________ The tourism and hospitality sector of Bangladesh needs policy support from the government to boost its contribution to the economy, said sector people yesterday. “We are ready to provide world-class hospitality and tourism facilities. We need […]
Bangladesh a potential market for foreign foods Food and hospitality fair ends. Jagaran Chakma. ____________ Bangladesh could become a potential market for quality foreign foods as its economy has been witnessing consistent growth for over a decade. The growing upper middle class who travel abroad like to enjoy foreign food and expect best hospitality services […]
Siemens to build LNG power plant in Payra Unb, Munich. __________ The Power Division of Bangladesh and Siemens of Germany on Friday initialled a joint development agreement for the construction of a 3,600MW LNG power plant at Payra in Bangladesh. The document was signed following a meeting of Siemens CEO Joe Kaeser with Prime Minister […]
Big investors seek Accord’s continuation They sent a letter to PM. Refayet Ullah Mirdha _______________ A group of investors representing $3.1 trillion in assets appealed to the prime minister to let Accord operate until the government is fully capable of ensuring the safety of the workers employed in upwards of the 1,600 garment factories covered […]