Daily Entrepreneurship- Bangladesh (3 April 2019)

Bangladesh to get e-commerce boost through digital foundation: UNCAD

Although Bangladesh has laid an essential foundation for a technology-driven and skill-based digital economy, it still needs to put in place a comprehensive national e-commerce strategy and impro

ve delivery logistics, said a United Nations Conference on Trade and Development (Unctad) report.

A Rapid eTrade Readiness Assessment, completed by UNCTAD at the request of the Bangladesh government, pinpoints improvements in telecommunications infrastructure, trade logistics, payment solutions, laws and regulations, skills development, and financing, that can accelerate e-commerce and spread the benefits throughout the economy.

“All commercial activities are going to be digital, and all current business laws, regulations and policies are to be made compatible with the digital commerce revolution,” Mustafa Jabbar, Minister, Ministry of Post, Telecommunication and Information Technology, said as he received the assessment.

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Success story happens after multiple failures

Travelling through traffic-congested Dhaka on a motorbike is probably the best option for reaching from one place to another. This is why the motorbike ride-sharing app Pathao has witnessed a meteoric rise in the capital in the past few years. Although Pathao now enjoys almost 80 per cent of the market share, it is yet to receive permission from the government to operate in the country. As the market leader, all other ride-hailing services are currently operating in the country without any licence or government permission. Hussain M Elius, CEO and the co-founder of Pathao, has just been named one of the two Bangladeshis in the Forbes 30 under 30 Asia list of 2019. The Independent talked with this young entrepreneur with a Midas touch to learn the secret behind Pathao’s success.

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BCI for spl facilities for young entrepreneurs

Bangladesh Chamber of Industries (BCI) on Tuesday urged the government to keep special facilities for small and medium young entrepreneurs in the upcoming budget of 2019-2020 fiscal year.President of BCI Anwarul Alam Chowdhury came up with a set recommendations during a pre-budget discussion at the National Board of Revenue (NBR) office in the capital.

The recommendations included land allocation for young entrepreneurs at special rates in different sectors including Bangladesh Economic Zone authority (BEZA), Bangladesh Small and Cottage Industries Corporation (BSCIC) and formation of a special fund for financing youths’ initiatives.

Bank loan at lowest interest rate, fixing trade licence fee maximum at Tk 3000 in first five years,  special tax facilities for the young entrepreneurs were also among the recommendations.Their recommendations also include special tax benefit if 5 percent physically challenged and third gender workforce are employed in any industrial unit and tax benefit in investment for modernizing industrial units.

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Bangladesh, Switzerland keen to boost ties

Bangladesh and Switzerland on Tuesday discussed ways to further strengthen bilateral political, economic, development and cultural cooperation between the two countries.Apart from taking stock of the current status of bilateral relations, the two sides exchanged views on socio-economic developments and human rights.

Both the countries also talked about a whole array of multilateral, regional and global topics of mutual interests, including Agenda 2030, Climate Change, Universal Periodic Review and recent developments in various regional fora.

The issues came up for discussion at the fourth round of bilateral political consultations between Bangladesh and Switzerland held at the State Guest House Meghna.

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