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bangladesh

Bangladesh signs $12.65 billion deal

Bangladesh signs $12.65 billion deal

Bangladesh’s state-run Atomic Energy Commission signed a deal with Russia on Friday to set up two nuclear power plants, each with 1,200 megawatt capacity, an investment totaling $12.65 billion, a government official said.

Work will begin early next year at Ruppur in Iswardi, 160 km (100 miles) from Dhaka, said Kamrul Islam Bhyian, spokesman for the ministry of science and technology.

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Mobile money boosting in Bangladesh

Mobile money boosting in Bangladesh

In just a few short years bKash has made a significant impact on the financial landscape in Bangladesh.  Intermedia’s Financial Inclusion Insights (FII) demand-side data reveals that over 20% of Bangladeshi adults[1]have used bKash at least once, and 5% of adults have registered bKash mobile money accounts.  However, while the proportion of customers with registered accounts appears to be growing, data suggests that the majority of overall users still access the services via over-the-counter (OTC) transactions. Read More “Mobile money boosting in Bangladesh”

Global IT firm to fold Bangladesh operations

Global IT firm to fold Bangladesh operations

Vizrt, the world’s largest creator of software-based media solutions, has announced closure of its seven-year-old Dhaka office from August this year due to rising cost of doing business, red tape and security fears.

The security situation in Bangladesh has deteriorated drastically in the last few years, which compelled the Vizrt management in Norway to take this decision, said Mahmudul Haque Azad, managing director of Vizrt Bangladesh.
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