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Sanction, survival, course correction, and boom!
At the height of its success, Huawei was the fastest-growing smartphone company in the world. It competed with global giants like Samsung, surpassed Apple in market share, and was forecasted to become the world’s largest smartphone company. However, their success became an almost overnight disaster after the U.S. restricted all U.S.-based companies from doing business […]
BY Fardeen Kabir
Bangladesh-based Intelsense AI secures pre-seed funding
Intelsense AI, a Bangladesh-based AI company, has announced the successful close of a BDT 30 million pre-seed funding round. The investment was led by prominent tech entrepreneur and angel investor Osman Haidar, the chairperson of LOS Technology Limited. This marks a major step forward for Intelsense AI, which is poised to lead the Bangladeshi AI […]
BY Insider Desk
How can offshore banking impact the forex reserves?
Offshore banking refers to performing banking operations in a country one doesn’t reside in. Offshore bank accounts allow you to make and receive payments, hold money, and set up savings and investment accounts in multiple currencies (in Bangladesh, the US dollar, the British pound, the euro, the yen, and the yuan are accepted). With funds […]
BY Afra Ibnat
RMG requires urgent diversification amid global market shifts
Bangladesh’s ready-made garment (RMG) exports reached approximately $36.13 billion in the last fiscal year, according to the latest data. Over the past three decades, the country’s RMG exports have grown 24 times. The sector employs over 3.3 million workers and contributes the largest share of the nation’s export earnings. However, its portfolio remains concentrated in […]
BY Shafiqul Islam
Support and fair pricing can improve compliance conditions
The promising growth rate of Bangladesh’s industrial sector signifies the nation’s transition into middle-income developing countries. Several sectors, including ready-made garments (RMG), are playing as catalysts driving this growth and development forward. However, being a labor-intensive economy, ensuring workplace safety is a key concern for the country. In recent years, Bangladesh has made significant strides […]
BY Shafiqul Islam