Sep 19
Daily News Head Line
Luxury buses make much headway in intercity travel PDF Print E-mail

More and more luxury buses can be seen operating on the highways nowadays driven by a growing demand for a comfortable ride among long-haul travellers amid dust and traffic congestion on the road.

Nearly 1,000 air-conditioned buses from foreign brands such as Scania, Volvo, Hyundai, MAN, Mercedes Benz and Hino can be spotted on the highways every day with passengers from almost every corner of the country.

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Illegal handset imports cost Bangladesh Tk 800cr a year PDF Print E-mail

Bangladesh is losing Tk 800 crore in lost revenues every year because of illegal imports of mobile phones, said Muyeedur Rahman, head of mobile at Samsung Mobile Bangladesh.

"One in every four Samsung branded cellphone in Bangladesh is brought in through illegal channels."

Last year, the company imported about 20 lakh handsets, including 15 lakh smart devices, at Tk 1,897 crore, according to Bangladesh Mobile Phone Importers Association.

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Local demand for prawn on the rise PDF Print E-mail

The domestic demand for freshwater prawns, grown mainly to cater to the export market, is rising on the back of growing consumption by urbanites, said sector insiders.

“This trend is likely to continue rising due to the growing middle and affluent classes in urban Bangladesh,” said the Food and Agriculture Organisation in a report titled Shrimp Market Focus: Bangladesh.

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Interest rate on deposits rises for the first time in 2.5yrs PDF Print E-mail

The interest rates on deposit crept up in July, breaking a downtrend of two and a half years on the back of a rising private sector credit demand.

The weighted average interest rate on deposits stood at 4.89 percent in July, up from 4.84 percent in June, according to data from the Bangladesh Bank.

The interest rate had been on a descent since January 2015 -- when lenders provided 7.26 percent -- thanks to a slashing spree of state banks and the new ones.

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Commercial spaces too expensive PDF Print E-mail

Many new and small entrepreneurs are now opting for residential buildings to set up shop after being daunted by the high rents of commercial spaces in the city, said some realtors and small business operators.

Developers said the rents of commercials spaces vary from area to area, but in general the price of per square feet (sft) of commercial space is almost double the price of residential space in Dhaka.

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