Mahmudul Hasan

Evaly has a liability of Tk 542 crore to its customers and merchants, a top official of the commerce ministry said today.

Top food processor Pran is planning to grab a big share of the country’s fast food market with a retail chain focusing on selling fried chicken defying the gloom of the pandemic.

Spending through credit cards hit an all-time high in June thanks to the acceleration of digital payments on e-commerce platforms amid the ongoing coronavirus pandemic.

The government is undertaking a project involving about Tk 200 crore to roll out fifth-generation or 5G mobile network on a limited scale in Dhaka by the end of this year.

Computer services export from Bangladesh is rising in sync with global demand for data processing, hosting and consultancy services as many people are working from home while companies are outsourcing amidst the lingering coronavirus pandemic.

The government is going to set up the country’s biggest solar power plant in Madarganj upazila of Jamalpur, in a move to raise the share of renewable energy in total power generation to 10 per cent by 2025.

The government is set to give a lifeline to Teletalk as the loss-making mobile phone operator looks to make a turnaround by winning customers through modernisation, network expansion and the launch of 5G technology.

The number of broadband internet connections has surpassed the 1 crore mark in June for the first time as a vast number of people now rely on the internet due to the pandemic which propelled work from home practices and remote learning.

The high-flying growth of the e-commerce sector of Bangladesh has slowed in recent months, largely because of disrupted supply chains caused by strict lockdown and tightening of belts by consumers.

Industrial giant Jamuna Group is going to invest up to Tk 1,000 crore in beleaguered e-commerce platform Evaly.

Like a million others, Ridoy Saha was rendered unemployed within weeks after Bangladesh introduced a nationwide lockdown in March last year to limit the spread of coronavirus.

The number of cattle sacrificed on the occasion of Eid-ul-Azha dropped for the second year as the ongoing second wave of coronavirus cases and the growing economic costs of the pandemic dampened the spirit of the religious festival.

After failing to get a desired government job, Jakaria Lenin, an English literature graduate in Tangail, set up a cattle farm about 11 months ago.

Customers  filed a staggering 13,317 complaints against top e-commerce,  ridesharing, food delivery platforms, and Facebook-based businesses in  Bangladesh in the last three fiscal years, official figures showed.

The Bangladesh Bank yesterday eased rules to make more credit available for consumers to buy digital devices with a view to accelerating digitalisation and narrowing the digital divide.

With Eid-ul-Azha just over a week away, online sales of sacrificial animals are rapidly snowballing as government agencies and e-commerce platforms have partnered up to lure customers into digital cattle markets amid the ongoing coronavirus pandemic.

Government and semi-government agencies failed to disburse the entire Tk 570 crore earmarked for the pandemic-hit small traders, entrepreneurs and farmers for the last fiscal year under a stimulus package.

Debt-ridden micro-businesses and informal workers in Bangladesh are staring at new economic distress as incomes evaporated because of the ongoing strict lockdown, which could impose an additional financial burden on them and deepen their plights.

Just a day after parliament passed the budget, Finance Minister AHM Mustafa Kamal yesterday sought an additional assistance from Asian Development Bank (ADB) as the government looks to use a record amount in foreign aid in fiscal 2021-22.

Online cattle sales in the run-up to Eid-ul-Azha are expected to accelerate as the raging coronavirus infections would compel the government to whittle down the number of makeshift markets allowed each year to sell sacrificial animals.