Bangladesh

Dhaka asks New Delhi to remove trade barriers 0

India Bangladesh FlagsSource: bdnews24.com

Bangladesh has urged India to remove para-tariff and non-tariff barriers to improve the trade balance between the two neighbouring countries.

Bangladesh commerce secretary Mahbub Ahmed has raised the issue with his Indian counterpart S R Rao and revenue secretary Sumit Bose during his meeting with them on Friday in New Delhi. More…

Govt to raise stake in GB to 25pc 0

Muhammad YunusSource: The Financial Express

The government will increase its stake to 25 per cent in the Grameen Bank (GB) from the existing 3.29 per cent and also will frame a guideline on recruitment of GB directors, said Finance Minister AMA Muhith Wednesday.

He said the government has no intention to bring changes in its operational style or ownership pattern. More…

Reserves now record US$ 16 bln 0

Foreign Exchange ReservesSource: bdnews24.com

Bangladesh’s forex reserves have reached a record $ 16 billion, spurred by a double-digit growth in exports and low food imports, according to the central bank Governor.

“You can attribute this remarkable feat to a combination of factors,” Governor Atiur Rahman told bdnews24.com. More…

Bangladesh's largest Islamist party enforces nationwide 48-hour strike 0

0213-Bangladesh-War-Crimes_full_600Bangladesh’s largest Islamist party enforced a nationwide 48-hour non-stop hartal from Tuesday morning, protesting what it referred to as “the government hatching conspiracy to annihilate the party.”

Hours after a High Court Division bench of Bangladesh on Aug. 1 declared illegal Bangladesh Jamaat-e-Islami’s registration as a political party with the Election Commission, it called a 48-hour nationwide hartal for August 12 and 13 and later deferred the strike by one day to August 13 and 14. More…

Bangladesh’s largest Islamist party enforces nationwide 48-hour strike 0

0213-Bangladesh-War-Crimes_full_600Bangladesh’s largest Islamist party enforced a nationwide 48-hour non-stop hartal from Tuesday morning, protesting what it referred to as “the government hatching conspiracy to annihilate the party.”

Hours after a High Court Division bench of Bangladesh on Aug. 1 declared illegal Bangladesh Jamaat-e-Islami’s registration as a political party with the Election Commission, it called a 48-hour nationwide hartal for August 12 and 13 and later deferred the strike by one day to August 13 and 14. More…

Five operators seek 3G licence 0

flagbangladeshFive private operators have applied to bid for license for third generation (3G) mobile phone service spectrum.

Representatives of the operators submitted their applications to the Director General of Legal and Licensing Department of Bangladesh Telecommunication Regulatory Commission little before the deadline at 5 pm on Monday. More…

Bangladesh’s exports go up 0

Clothing made in Bangladesh is shown after purchase from a Walmart store in CaliforniaDriven by ready-made garments, Bangladesh’s exports in the first month of the 2012-13 fiscal year surged 24 per cent to more than $3 billion (Dh11 billion), an official said on Monday.

“Export performance for July was $3,024 million, around 24 per cent higher than that in the same month a year ago,” the Export Promotion Bureau (EPB) official told the news agency Xinhua. More…

Overnight rate steady on excess funds in banks 0

bs052Reposted from The Daily Star

By Star Business Report

The inter-bank call money rate remained steady yesterday due to excess liquidity in the banking system although banks witnessed huge transactions on the last working day before the Eid-ul-Fitr holidays.
The rate rose slightly to 8.25 percent yesterday against 8.17 percent on Monday, according to Bangladesh Bank data. The rate was 8.18 percent on Sunday. More…

Regulator goes ahead with 3G auction plan 0

downloadReposted from The Daily Star

By Abdullah Mamun

The telecom regulator yesterday reminded mobile operators of the August 1 deadline for submitting applications for licences of 3G services.
Bangladesh Telecommunication Regulatory Commission shared a draft of the 3G auction procedures with the operators at a meeting at its office and asked them to give their opinions by tomorrow. More…

Bharti Airtel plans cable link to boost net speed in Bangladesh 0

harti Airtel will shortly launch an international fibre-optic cable link to boost internet speeds in Bangladesh even as it readies to pitch for 3G airwaves that will be auctioned by the neighbouring country in early-September, a top executive with direct knowledge told ET.

Bharti Airtel will shortly launch an international fibre-optic cable link to boost internet speeds in Bangladesh even as it readies to pitch for 3G airwaves that will be auctioned by the neighbouring country in early-September, a top executive with direct knowledge told ET.

Reposted from Economic Times

By Kalyan Parbat

KOLKATA: Bharti AirtelBSE 0.59 % will shortly launch an international fibre-optic cable link to boost internet speeds in Bangladesh even as it readies to pitch for 3G airwaves that will be auctioned by the neighbouring country in early-September, a top executive with direct knowledge told ET.

The Sunil Mittal-founded telco has invested an undisclosed sum in a terrestrial fibre-optic cable link between India and Bangladesh to have the bandwidth in place to handle the expected surge in data traffic in the neighbouring country, post-rollout of 3G services.

Its wholly-owned Bangladesh arm, AirtelBSE 0.59 % Bangladesh (formerly Warid Telecom), is, in fact, likely to take the 3G route to boost the company’s under 8% market penetration in a country that is home to some 103 million mobile customers.
More…

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