Business - NsNewsWire

Bangladesh: World Bank Provides $510 Million to Improve Secondary Education

DHAKA, Aug. 13 (NsNewsWire) — The government of Bangladesh today signed a $510 million financing agreement with the World Bank to enhance the quality and effectiveness of secondary education system in the country. This will benefit 13 million students studying in Grades 6-12. The Transforming Secondary Education for Results (TSER) program will support the government’s ‘Secondary Education Development Program (SEDP).’ It […]

Mondelēz International Establishes Operations in Bangladesh Expands the company’s presence in South Asia

DHAKA, Aug. 11 (NsNewsWire) — Mondelēz International today announced that it has established operations in Bangladesh, expanding the company’s presence in South Asia. The company set up its country headquarters in Dhaka, marking its entry into Bangladesh, the eighth most populous country in the world with around 160 million consumers. Kallappa Pattanashetti, who was earlier […]

Adata introduces new hybrid liquid-air cooling memory in BD

Dhaka, Aug. 9 (NsNewsWire) — Taiwanese storage manufacturer Adata has introduced the random-access memory with double data rate (DDR) technology equipped with multi-colour lighting of RGB feature in Bangladesh. In a press release, the firm claimed the module of SPECTRIX-D80 as ‘world first liquid-cooled memory of its kind. This is a state-of-the-art device from Xtreme […]

Bangladesh to procure Chinese cranes

DHAKA, Aug. 9 (NsNewsWire ) — The Bangladeshi government will purchase another four heavy duty gantry cranes for the smooth handling of containers at the country’s Chattogram seaport, some 242 km southeast of capital Dhaka, reports Xinhua. Chattogram Seaport Authority signed an agreement with Shanghai Zhenhua Heavy Industries Co Ltd of China in the capital Dhaka Wednesday. Chattogram […]

Bangladesh’s anti-crime elite force seizes over 200,00 yaba tablets

DHAKA, Aug. 8 (Xinhua) — Bangladesh’s anti-crime elite force Rapid Action Battalion (RAB) Wednesday seized over 200,000 yaba tablets in capital Dhaka. Four persons were arrested with suspected links to the seizure of the yaba pills from two vehicles which reached Dhaka from Cox’s Bazar in Bangladesh’s southernmost district bordering Myanmar, RAB spokesman Mufti […]

Bangladesh inflation dips slightly in July

DHAKA, Aug. 8 (NsNewsWire) — The point-to-point inflation rate in Bangladesh dropped by 0.03 percentage point in the first month of the current fiscal year of 2018-19 (July 2018-June 2019). Inflation dropped to 5.51 percent in July compared to that of 5.54 percent in the previous month, reports Xinhua quoting leading English newspaper The Financial […]

Japan Tobacco’s move to acquire Bangladesh cigarette maker irks anti-tobacco coalition

“Public health under threat, achieving tobacco-free Bangladesh will be hindered.” DHAKA, Aug. 7 (NsNewsWire) — The government of Bangladesh is welcoming the world’s leading death- trader, Japan Tobacco (JT) group into the country to conduct its business in the name of brining foreign direct investment (FDI). The govt. has permitted this multinational tobacco giant to […]

Robi, British American Tobacco Bangladesh and PRAN-RFL sign tripartite agreement

DHAKA, Aug. 7 (NsNewsWire) — Robi, British American Tobacco Bangladesh (BATB) and PRAN-RFL Group have recently signed a tripartite MoU agreement that allows BATB affiliates to enjoy corporate mobile facility from Robi and special discount benefit on PRAN-RFL group’s products from RFL Best Buy, Vision Emporium & Regal Emporium outlets. BATB’s Managing Director Shehzad Munim, […]

Japan Tobacco Agrees to Acquire Tobacco Business of Akij Group in Bangladesh

Japan, Aug. 6 (NsNewsWire) — Japan Tobacco Inc. (JT) (TSE: 2914) announces today that the JT Group has signed an agreement to acquire the tobacco business of Akij Group1 (Akij), the second largest tobacco company in Bangladesh, further increasing its presence in Asia. The purchase price for the transaction is estimated at around BDT 124.3 billion (USD […]