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Consumer products shining hope in Bangladesh

Bangladesh is emerging as one of the world’s next great growth opportunities for companies with a keen understanding of the nation’s rising consumer class. Every year, 2 million Bangladeshis join the ranks of middle-class and affluent consumers, and they are highly optimistic about the future, value foreign brands, and are jumping onto the digital bandwagon. These are among the findings in a new report by The Boston Consulting Group (BCG). The report, titled Bangladesh: The Surging Consumer Market Nobody Saw Coming, is being released today. The BD couple...

HTC releases six smartphones in BD market debut

Taiwan’s HTC has entered the Bangladesh market for the first time, launching a flagship smartphone and five mid-tier Desire models in a country where local brands hold the biggest market share. The six HTC phones, namely the One M8 Eye, Desire 820s, Desire 626G+, Desire 620G, Desire 526G+ and Desire 326G, will become available in the South Asian nation this week via HTC’s HTCnew distributor Next Nine Corp (NXT9). The prices of the phones range from 11,490-38,990 Bangladesh taka (US$148-$503). “We are pleased to launch our smartphones in the Bangladesh mark...

Bangladesh brokers ‘violating’ labor pact

The local recruitment businesses in Saudi Arabia are complaining that the Bangladesh government has failed to provide the 500,000 housemaids it had promised earlier this year, with only 2,000 employed in the Kingdom over the past six months. Mishari Al-Thufairi, chairman of the recruitment committee at the Riyadh Chamber of Commerce and Industry, said it was clear that the Bangladesh government wants to send men [caption id="attachment_20220" align="alignleft" width="540"]Arab News - In this January 2015 file photo, then acting Labor Minister Adel Fakeih, right, exchange mementos with Ba... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

Frontier markets: A second look at Bangladesh

Much has been written over the past few months about Bangladesh and none of it has been very complimentary. So I felt it was time again to revisit that country and see if any progress had been made on the economic front. Initially, I was pleased to read a report on the Asian Development Bank’s website indicating that the economic growth forecast for 2015 is 6.1% and 6.4% in 2016. Those indeed are very good numbers, considering that the main revenue-marketproducing element is the service sector and in particular the textile industry. Recently, however, the...

Tata ‘ULTRA’ range trucks launched in Bangladesh

Tata Motors, the largest automobile manufacturer in India, on Wednesday launched its next-generation range of ‘Ultra’ commercial vehicles in Bangladesh. The ‘Ultra’ range of trucks ranges from 7 to 16 tonnes in payload capacity and engine size from 120 hp to 170 hp. In Bangladesh, Tata Motors has launched the ULTRA 812 and ULTRA 912 in tata motorsthe Cargo segment. The driveline of the ULTRA 812 & 912 launched today, has the TATA 497 TCIC engine, with an output of 125 HP, a new-generation transmission with aluminum casing - the G-550 overdri...

Gold price goes down again

The gold price has gone down again in the local market for a downward trend in the price of the precious metal in the global market. Bangladesh Jewellers’ Association in a press release on Tuesday said the price of per bhori (1 Bitcoinbhori = 11.664 grams) ornament-grade (22-carat) gold has decreased by up to Tk 1,050 and the new price would be effective from Wednesday. As per the new rate, the 22-carat gold would be sold at Tk 42,223 per bhori. Besides, 21-carat would be sold at Tk 40,124 per bhori, 18-carat at Tk 33,475 per bhori and alloy-mixed gold ...