Category: Bangladesh

Daily Entrepreneurship- Bangladesh (1 April 2019)

Lending rate to be brought down: PM Prime Minister Sheikh Hasina yesterday said the government will take measures again to reduce the interest rate for the sake of the country’s industrialisation. “We’ll sit again to discuss how to reduce the interest rate of bank loan,” she said while inaugurating the weeklong first national industrial fair in the city. The industries ministry organised the National Industrial Fair 2019 at Bangabandhu International Conference Centre with a view to promoting and expanding the market of local industrial products and attract investment. The prime minister thought that the interest rate of bank loan is […]

Daily Entrepreneurship- Bangladesh (31 March 2019)

StanChart honours 12 business icons Standard Chartered yesterday honoured 12 companies for their performance in external trade and felicitated three winners of the most recent national export trophy for their contribution to the country’s export growth. Introduced last year, the Standard Chartered Bangladesh Trade Awards celebrates the bank’s relationship with clients who have been key enablers in its commitment to support growth of trade and commerce in the country. Ha-Meem Group, Youngone Corporation, Epic Group, Square Group and Pacific Jeans took home awards in the textile and garment segment. The other winners are: City Group, Meghna Group of Industries, TK […]

Daily Entrepreneurship- Bangladesh (28 March 2019)

19 firms to invest Tk 650cr in pharma The pharmaceuticals industry is gearing up to expand as 19 companies have got the go-ahead in the last one year to set up facilities at a combined investment of around Tk 654.82 crore. The entry of these new companies will boost competition as there are already more than 200 manufacturers in operations to grab shares in the local market worth around Tk 25,000 crore. Most of the 19 companies have completed setting up their facilities and they will start operations within the next one and a half years, said Major General Md […]

Daily Entrepreneurship- Bangladesh (27 March 2019)

MFS market to heat up as PM opens Nagad Prime Minister Sheikh Hasina yesterday inaugurated digital financial service provider Nagad, a product developed by Bangladesh Post Office with a private company in a bid to deepen financial inclusion in the most rural corners of the country. “Currently, 66 percent of the population are unbanked and our target is to bring them under the cashless net,” said Mohammad Solaiman, head of corporate and regulatory affairs of Nagad [More Info…] Global investors now seek BGMEA support A coalition of 190 global investors has urged the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) […]

Daily Entrepreneurship- Bangladesh (26 March 2019)

Bangladesh vs Pakistan: A tale of two economies Bangladesh is likely to be the biggest mover in the global GDP rankings in 2030, becoming the 26th largest economy in the world from 42nd last year, according to the latest HSBC Global Research report. The report — The World in 2030: Our long-term projections for 75 countries — showed Bangladesh’s economy would jump 16 notches, the highest by any country between 2018 and 2030. Bangladesh is now the world’s second largest apparel exporter after mighty China, and its entrepreneurs have achieved that with imported machineries and raw materials. The country exported […]