Nov 22
Daily News Head Line
Shimanto Bank sets sight on 'unbanked' border areas PDF Print E-mail

Shimanto Bank Limited (SMBL) is looking to tap the country's unbanked rural areas, especially those located in the border region as part of its strategy to boost the rural economy, its managing director has said recently.

"The up-and-coming financial entity which started its official journey back in September last year is looking to set up at least 10 branches in the remote border regions of the country by 2019," Muklesur Rahman said in an exclusive interview with the FE.

A bridge project sees eight PDs in seven years PDF Print E-mail

A bridge-construction project has seen eight project directors (PD) in seven years sans physical work, officials said.

With seven years having elapsed, the project's physical works are yet to be started on the Shitalakhya Bridge though its current deadline was over in June this year.

In the meantime, the government has extended the project-execution deadline thrice from the original timeline between November 2010 and December 2013.

Besides, the project cost has also been revised (special) by the Ministry of Road Transport and Bridges (MoRT&B), raising the amount by 43 per cent to Tk 5.39 billion.

Be tech-savvy to be more competitive PDF Print E-mail

Digitisation of sales and marketing would be a key factor in becoming more competitive in global apparel trade as shoppers are progressively moving online, said American management consultancy firm McKinsey and Company.

Online apparel sales accounted for more than 14 percent of the industry's total sales in 2016, up from just 5 percent in 2010, the survey said.

McKinsey prepared the biennial survey based on interviews of chief purchasing officers (CPOs) of top 63 global garment retailers that buy apparel items worth $137 billion a year.

Walton kicks off trial assembly of handsets PDF Print E-mail

Local handset brand Walton has started assembling smartphones on a trial basis at its own plant in Gazipur with hopes of starting commercial production from the first week of October.

Customers will get the first locally assembled handsets from Walton at the end of this year, said Uday Hakim, senior operative director of Walton Group.

State Minister for Telecom Tarana Halim is scheduled to officially inaugurate the first handset plant of the country on October 5.

Operators selling SIMs to Rohingyas to face action: govt PDF Print E-mail

The government yesterday warned the mobile operators of legal action if they are caught selling SIM cards to Rohingya refugees, who do not have legal identity cards.

The development comes after the telecom division got information that different mobile operators' local representatives were selling SIM cards to Rohingyas who are biometrically verified using details of Bangladeshi nationals.

“This is a punishable offence,” said Tarana Halim, state for posts and telecom, in a press conference after a meeting with the telecom regulator and the law enforcement agencies yesterday.


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