Rise in automobile sales, improvement in public infrastructure, and growth in purchasing power to drive tyre sales in Bangladesh over the next five years According to the recently released TechSci Research report, “Bangladesh Tyre Market Forecast & Opportunities, 2020”, tyre market in Bangladesh is forecast to grow at over 9% CAGR until 2020 on the back of growth in automobile sales, ongoing improvements in public infrastructure, and growth-oriented government policies. Government of Bangladesh has laid special emphasis on enhancing the road infrastruc...

Bangladesh Bank is going to replace existing four-digit security PIN code used to settle transactions through automated teller machines with fingerprint with a target to strengthen financial security, the New Age reports. A BB official told New Age on Wednesday that the central bank had taken the initiative to strengthen financial security as well as to popularise the country’s card-based payment system among the rural people. Such type of security measures is globally known as biometric solution and a number of developed countries have already in...

The country received highest remittance in March in last six months as the expatriate Bangladeshis remitted about US$1.332 billion in the previous month, reports UNB. The non-resident Bangladeshis sent $1.244 billion to the country in September last year.Since then, the flow of monthly remittance was between $1.109 billion and $1.127 billion. According to Bangladesh Bank statistics, the country received $1.018 billion in October, $1.1182 billion in November, $1.175 billion in December, $1.243 billion in January and $1.189billion in February.