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Bangladesh currently imports $350 million worth of US cotton, just 7% of its total cotton imports. BTMA now targets $1 b...
07/08/2025

Bangladesh currently imports $350 million worth of US cotton, just 7% of its total cotton imports. BTMA now targets $1 billion in imports to help reduce the trade gap. They have requested government support to offset the higher cost of US cotton.

Visa organized the Leadership Conclave Bangladesh 2025 at Sheraton Dhaka, uniting over 60 stakeholders from banking, fin...
07/08/2025

Visa organized the Leadership Conclave Bangladesh 2025 at Sheraton Dhaka, uniting over 60 stakeholders from banking, fintech, MFS, and e-commerce to promote a digitally empowered economy.

The event honored 17 organizations with 30 awards for their innovation in digital payments, covering areas like cross-border transactions, merchant acceptance, and card operations.

Sandeep Ghosh, Visa’s Group Country Manager for India and South Asia, remarked that the company is working to empower consumers, businesses, and communities nationwide by fostering strategic partnerships and introducing advanced digital payment solutions.

Visa leaders reaffirmed their commitment to building a more inclusive, connected, and resilient financial ecosystem in Bangladesh through partnerships and advanced payment solutions.

Sarwar Kamal left a promising career at Google and returned to Bangladesh with a vision to create a world-class skincare...
07/08/2025

Sarwar Kamal left a promising career at Google and returned to Bangladesh with a vision to create a world-class skincare platform. That vision became Chardike.com, an e-commerce and product development company offering over 5,000 skincare and beauty products from more than 400 local and international brands. Alongside retail, Chardike developed its own brands including skin'O, innsaei, and Out of Beauty, which are now available across all 64 districts through online and offline channels.

All products are tested locally and internationally to ensure safety and effectiveness. Chardike follows Korean formulations tailored for Bangladeshi needs, aiming to replace imported cosmetics with trusted local alternatives.

Chardike also focuses on customer trust by offering authentic products, easy refunds, and free delivery. With rising demand, the company now plans to export to countries like the UAE, the Philippines, and Cambodia starting in 2026. Sarwar’s long-term goal is to build a global Bangladeshi skincare brand backed by strong research, ethical production, and customer satisfaction.

Sirajganj Industrial Park is finally ready after 14 years and Tk 719 crore in development. The Bangladesh Small and Cott...
07/08/2025

Sirajganj Industrial Park is finally ready after 14 years and Tk 719 crore in development. The Bangladesh Small and Cottage Industries Corporation (BSCIC), which is running the industrial park, now hope to attract between $300 million and $500 million in foreign direct investment, mostly from China. Out of 829 plots, 550 are reserved for Chinese investors, with expected FDI between $300–500 million. The park aims to create 200,000 jobs.

Bangladesh’s RMG Exports to US Rise 25 Percent in First Half of 2025Bangladesh's readymade garment (RMG) exports to the ...
07/08/2025

Bangladesh’s RMG Exports to US Rise 25 Percent in First Half of 2025

Bangladesh's readymade garment (RMG) exports to the United States reached $4.25 billion in the first six months of 2025, marking a strong year-on-year growth of 25.13 percent, according to the latest data from the US Office of Textiles and Apparel (OTEXA). During the same period in 2024, exports were valued at $3.4 billion.

This growth positioned Bangladesh ahead of most of its major global competitors in terms of export growth to the US, which remains the country’s largest export destination.

Read more here: https://t.ly/IMgU4/

AkijBashir Group has formally expanded its footprint in Bangladesh’s power and energy sector through a new strategic mov...
06/08/2025

AkijBashir Group has formally expanded its footprint in Bangladesh’s power and energy sector through a new strategic move.

On August 6, 2025, a property acquisition agreement was signed between AkijBashir Group and Eminence Electric Wire & Cables Limited at Hotel Sheraton, Dhaka.

Pran-RFL Group's Barendra Rajshahi Textile Ltd has created 2,000 jobs in just six months, with 90% of workers being loca...
06/08/2025

Pran-RFL Group's Barendra Rajshahi Textile Ltd has created 2,000 jobs in just six months, with 90% of workers being local women. The factory exports shoes and bags globally, and a Tk350 crore expansion is planned to reach 12,000 jobs. Built on a once-defunct mill site, this initiative aims to decentralize industry and promote rural employment through garments, telemarketing, and skill training.


LG Electronics has launched its Complete Air Solutions in Bangladesh through a strategic partnership with RANCON Group, ...
06/08/2025

LG Electronics has launched its Complete Air Solutions in Bangladesh through a strategic partnership with RANCON Group, offering advanced air conditioners, HVAC systems, and purifiers. The solutions focus on energy efficiency, smart technology, and improved indoor air quality. Executives from LG and RANCON emphasized the importance of sustainability and innovation for Bangladesh’s evolving residential and commercial sectors.

Microsoft has become the second company in history to cross the $4 trillion market valuation milestone, driven by explos...
06/08/2025

Microsoft has become the second company in history to cross the $4 trillion market valuation milestone, driven by explosive growth in its AI and cloud businesses. The company reported $76.4 billion in revenue and a record $46.7 billion in Microsoft Cloud earnings, while announcing a $30 billion capital spend for AI infrastructure. Despite laying off 9,000 employees this month, Microsoft’s aggressive AI expansion and its partnership with OpenAI are reshaping its enterprise strategy.

Adnan Shafiq has been promoted as Senior Manager – Brand of Akij Venture.
06/08/2025

Adnan Shafiq has been promoted as Senior Manager – Brand of Akij Venture.

Prime Bank and bKash Join Hands to Offer 24/7 Automated Cash Management ServicesPrime Bank PLC and bKash Limited have en...
06/08/2025

Prime Bank and bKash Join Hands to Offer 24/7 Automated Cash Management Services

Prime Bank PLC and bKash Limited have entered into a strategic partnership to streamline bKash’s daily transactions through a fully automated digital cash management service.

With this partnership, bKash distributors and agents can now transfer funds between their bKash channel accounts and designated bank accounts for both creating and redeeming e-money. The process will be API-based and available 24 hours a day, seven days a week, including weekends and holidays.

OpenAI, the developer behind ChatGPT, is reportedly in discussions with investors for a share sale that could value the ...
06/08/2025

OpenAI, the developer behind ChatGPT, is reportedly in discussions with investors for a share sale that could value the company at $500 billion. If finalized, this would position OpenAI as the world’s most valuable private technology company, surpassing SpaceX, which was recently valued at $400 billion.

The talks follow a recent $40 billion funding round led by SoftBank, which valued OpenAI at $300 billion. According to sources familiar with the matter, the latest discussions involve prominent investors including Thrive Capital. The company is exploring a secondary stock sale, allowing current and former employees to sell shares. The final valuation and size of the sale will depend on investor demand but could exceed the $1.5 billion employee stock sale conducted late last year.

The ongoing investor interest highlights the surging demand for artificial intelligence technologies. Since the launch of ChatGPT in late 2022, OpenAI has reportedly grown its annual recurring revenue to $12 billion and is projecting more than $20 billion by the end of 2025.

Meanwhile, competitor Anthropic has also seen significant growth, quadrupling its ARR to $4 billion and reportedly seeking to raise $5 billion at a $170 billion valuation.

OpenAI is expected to release its next-generation model, GPT-5, later this month, alongside newly launched “open-weight” models aimed at developers.

Both OpenAI and Thrive Capital have declined to comment on the matter.

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