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Category Archive for: "Business News"
Turbulence in E-commerce Landscape of Bangladesh, and Regulatory Concerns
E-commerce, a fairly recent phenomenon globally, and by all plausible indicators, seems to become the very ecosystem of retail and wholesale commerce in near future, if not already for some niche markets, has also gained currency in Bangladesh, gaining strength with increasing rates of mobile internet penetration, number of smartphone users, and mobile financial services.
During the last few months, Bangladesh observed a flurry of events around the e-commerce business. It came to a wider public attention when the banks and mobile financial services stopping transactions with ten e-commerce companies in the last week of June 2021. Then the CEOs and [...] Read more
BisNtel promotes biofortified zinc rice to fight malnutrition
Here comes an insightful article by one of the top experts on micro-nutrients in the country, Dr. Sabuktagin Rahman. He writes on the prospects of popularizing bio-fortified zinc rice to mitigate the zinc deficiency amongst Bangladeshi population. Business Intelligence Limited (BisNtel)has been engaged in rolling out strategies to promote commercialization of BRRI dhan74, an indigenously developed coarse variety of bio-fortified zinc rice in the Northern and Southern districts, on behalf of Global Alliance for Improved Nutrition (GAIN).
https://www.tbsnews.net/thoughts/zinc-nutrition-bangladeshi-population-and-pandemic-305398
Zinc nutrition in the Bangladeshi population and the pandemic
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Another feather for Bangladeshi research institute
Another feather in the hat of another local research and development institution! We note that another agri research institute, Bangladesh Rice Research Institute also secured a position in the global list of top class research institutions last year!
https://www.thedailystar.net/business/news/global-recognition-bangladeshs-atomic-agriculture-research-institute-2181006?fbclid=IwAR2jPt1_zSIuCUvPRHEbxq3RsvCcbC7ocZ94rndxRMuvlq7hJ4xdkR7ou4A
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Capacity building initiatives needed for MMFs
India is taking relevant steps to boost up the capacity of her textiles sector for man made fibers (MMF); it has recently dawned on Bangladeshi apparel sector that they should also focus on #MMF too, shifting away for over-dependence on cotton, and that too, imported. Important issues of tax regime, raw material sourcing, and maintaining competitiveness are discussed in this article.
https://www.thehindubusinessline.com/opinion/finally-policy-cottons-on-to-mmf/article36502262.ece?fbclid=IwAR1R-8Az6DXZGC1w_TEewzU5ioJvsfYXw7MiTG5AxngJ6VgyRjqECLupgLA
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Foreign trade in a tough neighbourhood
Despite the often fractious political relations, India’s trade with its neighbours has surged in recent years
Improving economic ties with smaller neighbours was one of the major objectives of the Modi government.
The government’s outreach to its neighbours included initiatives such as Prime Ministerial visits, resolving long pending issues like Land Boundary Agreement with Bangladesh, opening land visa with Myanmar, implementing decades old connectivity proposals, addressing trade logistics issues and offering soft loans and aid at an unprecedented scale.
Though trade was not the only objective of this initiative, it gained prominence in recent years, despite stiff competition from China.
From 2.86 per cent [...] Read more
Any changes foreseen in the stressed financial sector of Bangladesh?
Collaborative innovation drives higher value for big and small players in fintech
The financial landscape has changed so dramatically in recent years that companies who once saw themselves as competitors are more likely to become eager collaborators, especially when it comes to innovating in financial technology.
Large financial institutions, with their years of experience and access to data and customers, and fintech start-ups, with their agile approach to creating dynamic solutions and financial tools, have learned to leverage each other’s strengths to mutually capitalize on emerging opportunities in the market.
These changing dynamics in the business behind technology was one of the topics [...] Read more
Tech firms tend to pay better dividends!
Dividend-seeking investors should check out technology: Epoch
(Reuters) – Investors seeking steady income flows may have ignored the technology sector and the unexpected impact technology is having on companies in other industries, Kera Van Valen, a portfolio manager at Epoch Investment Partners, said on Friday.
People have overlooked technology in terms of dividends and the changes some companies have made regarding the cash they generate, Van Valen told the Reuters Global Investment 2018 Outlook Summit in New York.
“Within the tech sector you have seen a slight shift in appreciation towards the discipline of returning cash to shareholders. That’s something people don’t expect,” [...] Read more
Trump’s trade war and Bangladesh
President Donald Trump had long been warning that the USA would impose higher tariffs on selected imports from its major exporters like China, the European Union (EU), and India. He has now carried out the threat against China, the European Union (EU), Canada, Mexico and India who have also retaliated in kind by imposing higher tariffs on US exports to them. By June, a veritable global trade war has started.
The futures traded in NASDAQ and International Commodities Exchange (ICE) show that US and international market prices of some key primary commodities, such as, cotton, soy, and maize are already experiencing [...] Read more
Stretching the future of denim industry
The success of Bangladeshi denim and denim products were widely covered in the media during the 8th Bangladesh Denim Expo held in May 2018 in Dhaka. Reports of high growth and high market shares of Bangladeshi denim apparels in the major export destinations of North American and Europe have raised hopes. Eurostat reported that the market value of Bangladeshi denim in the EU was worth 1.30 billion euros, a marginal 0.54 per cent increase from 1.29 billion euros in 2016. In the same year, Bangladesh exported denim products worth US$507.92 million to the US market, scoring a 9.55 per cent [...] Read more