Bangladesh toy exports have increased by 2075 times in the last five years

Bangladesh’s industrial sector has earned yet another feather in its cap. Little children in France, Spain, Japan and other countries of the world are now playing with toys made in Bangladesh.

Manufacturing and exporting toys shows great potential in Bangladesh. Toy exports have increased 2075 times in the last five years. The biggest markets of toys manufactured in Bangladesh are France, Spain and Japan.

The most common toys exported to these countries are tricycles, electric or battery-operated cars, dolls, electric dolls, pedal cars and such.

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Bangladesh has been ranked 99th out of 137 countries in the latest Global Competitiveness Index

Bangladesh has been ranked 99th out of 137 countries in the latest Global Competitiveness Index published by the World Economic Forum.

The country’s overall score was 3.9 (in a scale of 7), up from 3.8 last year when it was ranked 106th among 138 countries.

The competitiveness index focused on three subindexes – basic requirements, efficiency enhancers, and innovation and sophistication factors.

Bangladesh scored well in macroeconomic environment category, ranking 56th. But its performance in health and primary education, and higher education and training categories were not as impressive – 102nd and 117th respectively.

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Nearly 20% Increase in SME Loan Distribution

The credit disbursement for the small and medium enterprises (SMEs) increased by 19.86 percent in the first six months of 2017 compared to the corresponding period in the last year, according to the Bangladesh Bank (BB) data.

“The growth of SME loan disbursement witnessed upward trends as the central bank has strengthened further its monitoring and supervision over the SME loan disbursement activities of the banks and financial institutions (FIs),” a BB senior official told BSS here today.

All banks and FIs have already disbursed Taka 83,506.74 crore loan in January-June period in 2017 which was Taka 13,837.06 crore up compared to the same period in 2016.

Banks and FIs have already disbursed 62.39 percent of their SME loan target in the year while the disbursement rate was 61.38 percent in the corresponding period in previous year.

BB has set Taka 1,33,853.59-crore loan disbursement target for 2017 which was Taka 1,13,503.43 crore in 2016. Read more…

UK Prime Minister’s Trade Envoy to Bangladesh visits Dhaka

Trade Envoy flies the flag for UK Rail Industry as UK Export Finance support to Bangladesh rises to £625 million.

A trade delegation of nine UK rail companies lead by Rushanara Ali MP, UK Prime Minister’s Trade Envoy for Bangladesh, has today begun a week-long tour to Bangladesh to showcase UK expertise in the rail sector and to underscore the importance the UK attaches to its trade and investment partnership with Bangladesh.

The companies accompanying the Trade Envoy on her second visit to Bangladesh in less than a year are specialists in the full spectrum of the rail supply chain from consultancy, systems design, rolling stock, and operations. Rail is an important sector for Bangladesh and the group is eager to look into areas where British expertise can help assist with existing transport initiatives that are key to the onward growth and productivity of the country.

Ms Ali also announced that UK export finance support available for UK trade with Bangladesh has increased from £ 150 million to £625 million, an increase of over 400%. This means an additional nearly £500 million capacity to help UK exporters, and their buyers in Bangladesh get access to the best quality British goods and services. Read more…


Commuting with a Helicopter in Bangladesh

Using helicopters for commuting is not about luxury or showing off any more. An increasing number of people – businessmen and patients in particular – are opting for this mode of transportation to avoid the traffic jams and save time.

Helicopters’ civilian use in Bangladesh has been limited to marriage ceremonies, film shootings and advertisements, political programmes and visiting economic zones.

In recent years, helicopter use for commercial purposes or travelling has increased significantly.

Some tour operators now offer helicopter rides at less than Tk17,000 per hour per person. The flying routes are Dhaka-Mawa-Dhaka and Dhaka-Jamuna bridge-Dhaka.

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The future of successful business lies with Big Data

Businesses will need to evolve in their practices of data generation, acquisition, storage and analysis. Their success in these skills will dictate the new hierarchy within almost every industry.

Big Data is already transforming the way businesses operate. It is the key to the success of super-platforms such as Google, Amazon, and Facebook, and, via Internet of Things technology, will soon enable great improvements in transport, energy distribution and healthcare, as well as profound changes to the way we live.

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Source: CityAM

Burger King Restaurant Chain launches it’s own Crypto-cash

Fast-food chain Burger King has launched its own crypto-currency, called WhopperCoin, in Russia.

Customers will be able to claim one coin for every rouble (1.3p) they spend on the Whopper sandwich.

Russians will be able to buy a Whopper with the virtual cash, once they have amassed 1,700 whoppercoins.

The company said it would release Apple and Android apps next month so people could save, share and trade their wallet full of whoppercoins.  Read more…

Source: BBC