Bangladesh Economy: News & Updates

[ebr77]

Walton opens seven new showrooms in UAE
Walton, the country’s leading electronics, electrical and automobile brand, has recently opened seven new showrooms and store houses in the United Arab Emirates.
The showrooms opened in that country’s seven states including Dubai, Abu Dhabi, Sharja and Ras Al Khiam will sell fridge, television, motorcycle, mobile phone set, steam iron, etc.
After opening seven new showrooms, the number of Walton showrooms in that country has reached 10. Walton is also building a big size of warehouse in UAE.
According to sources, Walton has taken a massive plan to export Walton brand products to different countries of Middle East, Europe, Africa and Asia.
As part of export plan, the new factory of Walton is going into production last of the next month. The factory will manufacture six lakh fridges annually following the demand of international market.
The company is building a big warehouse in the free zone area of Sharja and has a plan to build another warehouse in the Zebel Ali Port area of Dubai.
Sources also said Walton has planned to build its business hub in Dubai as it has become an international hub and centre of world business. From Dubai, Walton has already begun to supply its products to different Middle East countries including Afghanistan, Saudi Arabia and Iran. It has also planned to export products from Dubai to Ivory Cost, Cameron, Nigeria, Mali, Russia, Romania and Ukraine.
It can be here mentioned that about 15 lakh Bangladeshi people are living in the United Arab Emirates and Walton brand products have gained popularity among the Bangladeshi community due to tendency of patriotism.
Walton has employed Md. Mokbul Trading LLC as its main distributor in Dubai.
Mahmud Mamun, managing partner of Md. Mokbul Trading LLC, said “We are taking preparation to send products to different places form Dubai as it is the business hub in the region”.
Lokman Hossain Akash, chief of international marketing department of Walton, claimed that number of Walton product exporting countries would reach 50 within this year as Walton have been able to prove its products as world standard.
Udoy Hakim, senior deputy director and head of creative and publication department of Walton, said “Walton is a giant in electronics, electrical and automobile sector and is becoming ‘sensation’. We want to familarize ‘Made in Bangladesh’ in the world”.
Walton brand products are now being exported to 11 countries.

Walton opens seven new showrooms in UAE

 

[ebr77]

Walton opens seven new showrooms in UAE

Walton, the country’s leading electronics, electrical and automobile brand, has recently opened seven new showrooms and store houses in the United Arab Emirates.
The showrooms opened in that country’s seven states including Dubai, Abu Dhabi, Sharja and Ras Al Khiam will sell fridge, television, motorcycle, mobile phone set, steam iron, etc.
After opening seven new showrooms, the number of Walton showrooms in that country has reached 10. Walton is also building a big size of warehouse in UAE.
According to sources, Walton has taken a massive plan to export Walton brand products to different countries of Middle East, Europe, Africa and Asia.
As part of export plan, the new factory of Walton is going into production last of the next month. The factory will manufacture six lakh fridges annually following the demand of international market.
The company is building a big warehouse in the free zone area of Sharja and has a plan to build another warehouse in the Zebel Ali Port area of Dubai.
Sources also said Walton has planned to build its business hub in Dubai as it has become an international hub and centre of world business. From Dubai, Walton has already begun to supply its products to different Middle East countries including Afghanistan, Saudi Arabia and Iran. It has also planned to export products from Dubai to Ivory Cost, Cameron, Nigeria, Mali, Russia, Romania and Ukraine.
It can be here mentioned that about 15 lakh Bangladeshi people are living in the United Arab Emirates and Walton brand products have gained popularity among the Bangladeshi community due to tendency of patriotism.
Walton has employed Md. Mokbul Trading LLC as its main distributor in Dubai.
Mahmud Mamun, managing partner of Md. Mokbul Trading LLC, said “We are taking preparation to send products to different places form Dubai as it is the business hub in the region”.
Lokman Hossain Akash, chief of international marketing department of Walton, claimed that number of Walton product exporting countries would reach 50 within this year as Walton have been able to prove its products as world standard.
Udoy Hakim, senior deputy director and head of creative and publication department of Walton, said “Walton is a giant in electronics, electrical and automobile sector and is becoming ‘sensation’. We want to familarize ‘Made in Bangladesh’ in the world”.
Walton brand products are now being exported to 11 countries.

Walton opens seven new showrooms in UAE

 

[ebr77]

Remittances surge to $10.6bn

Thu, May 3rd, 2012 9:16 pm BdST
Dhaka, May 3 (bdnews24.com) – Overall remittances surged to over $10.6 billion during the first 10 months of the current financial year (July 2011-April 2012), which is 10.41 percent higher than the corresponding period last fiscal.

Expatriate Bangladeshis had remitted $9.61 billion during the same period last year.

"It's believed that the total remittance inflow will exceed $12 billion at the end of the financial year. This is due to various steps taken by the central bank to fetch remittances through banking channel," Bangladesh Bank governor Atiur Rahman told bdnews24.com on Monday expressing satisfaction over the positive trend of remittance inflow.

The central bank released the remittance inflow data for July-April period on Thursday.

According to the data, in April, the Bangladeshis working abroad remitted little over $1.08 billion – an 8 percent growth over the same period last year.

The amount of remittances from about 7 million Bangladeshis in the last fiscal spanning from July 2010 to June 2011 stood at $11.65 billion with a six percent growth against $10.987 billion in the same period a year earlier.

"The remittance inflow growth will be over 10 percent," the central bank governor expressed hope.

Higher inflow of remittances has helped the foreign currency reserve go up. On Thursday, the forex reserve stood at $10.2 billion.

The reserves had dipped to $9.2 billion in March after Bangladesh made two months' import payments of $900 million to the Asian Clearing Union.

Apart from the positive remittance inflow, the forex reserve sped past the $10-billion mark also because the International Monetary Fund (IMF) on Apr 25 released $141 million as a part of its $987-million loan support to Bangladesh.

A central bank official seeking anonymity told bdnews24.com that the reserves could dip below $10 billion after Bangladesh makes import payments for the last two months (March and April).

bdnews24.com/arh/cs/skb/nir/2055h
Remittances surge to $10.6bn | Business | biz.bdnews24.com

 

[boltu]

This thread is for sharing information about on going and up coming development projects in Bangladesh.Please refrain from any kind of comparison with other countries or cities.

DCC projects:

Airport Road-Zia Colony Development (Currently underway)
Building of a ladies hostel (Currently underway)
3 new Wholesale Markets
Mirpur Grameen Bank-Agargaon Road Development
Amin Bazar Solid Waste Project
Tejgaon-Gulshan Shooting Club Bridge (Currently underway)
Rayer Bazar Graveyard
Dayagong, Dolpur and Sutrapur Cleaner Colony
Baribad-Mohammadpur Bus Stand
Construction of building in Mohammadpur for non-government people
Mayor Mohammed Hanif Flyover at Gulistan (Currently underway)
Road Underpass at Shahbagh Intersection
Improvement of Uttara Model Town (Currently underway)
Improvement of road around National Cricket Stadium (Currently underway)
Improvement of Dhanmondi Lake (Currently underway)
Installation of solar-powered LED street lights (Currently underway)
Mirpur Graveyard
Aftabnagar Graveyard
Mirpur-Cantonment By-Pass Road Development (Currently underway)
Ceramic Road Development
South Pallabi Road Development
Banani DCC Market (25 stories, Le Meridien Hotel on upper levels) (Currently underway)
Gulshan-2's Gulshan Centre Point home to DCC Market, Parking Complex and Commercial Complex (at current site of Gulshan DIT-2 Market)
Karwan Bazar multilevel parking lot
Dilkusha multilevel parking lot
Gulshan-1's City Trade Center home to DCC Market, Parking Complex and Commercial Complex (at current site of Gulshan DIT-1 Market)
Additional commercial market at Gulshan-2
Six 16 story apartment buildings at Mirpur Section 2 Block I (Currently underway)
Shapnonagar: One hundred twenty eight 12 story buildings at Mirpur Section 9
Two 14 story apartment buildings at Lalmatia
Residential cum Commercial building near Asad Avenue in Mohammadpur
Thirty three 14 story apartment buildings at Mirpur Section 16
Three 15 story buildings at Dohar

RAJUK Current and Upcoming Projects:

Repair Work and Rehab of Badda area roads
Paltan to Babu Bazaar Flyover
Uttara Apartments Project, Block A, Sector 18
Construction of Internal Roads at Uttara Sector 10
Construction of Roads at Gulshan-Baridhara Lake East Bank (Currently underway)
Construction of Bridge between Uttara Sectors 10 and 11
Reconstruction of Walkway at Park at Uttara Sector 3
Construction of Apartment Buildings at Badda RAJUK Staff Quarters
Extension of Madani Avenue from Pragati Sarani to Balu River (Currently underway)
Gulshan-Banani-Baridhara Lake Improvement & Beautification Project (Currently underway)
Uttara Lake Improvement & Beautification Project (Currently underway)
Widening of link Road from Indira Road to Phanthapath
Link Road from near Sonargaon Hotel to Mohakhali Rail Crossing (Currently underway)
Extension of Link Toad from Notre Dame College to Janapath
Constriction of Road from Bashabo Jame Mosque to Trimohonee to Shekher Bridge via Nandipara
Construction of Road from Kadamtali to Monikdee
Construction of different internal Roads at DND Area
20,000 Apartment at Purbachal New Town (Currently underway)
22,000 Apartment at Uttara Residential Area (3rd Phase)
10,000 Apartment at Jhilmil Residential Area (Currently underway)
Flyover at Golapsha Mazar (Gulisthan) to Babu Bazar for connecting Jhilmil Residential Area

 

[Henry]

I heard 70% of Dhaka Lives in Slums. Very Sad.

 

[CaPtAiN_pLaNeT]

I heard 70% of Dhaka Lives in Slums. Can Bangladesh Rehabiliate them?

Its 33% now and it will reduce more when the garments will be shifted outside of dhaka... as majority of the garments workers lives in these slum Mr. Deepak.... but nice new name though...

 

[boltu]

Over 2 million workers are working on 15000 building projects including 750 skyscrapers only in Dhaka

30 storied AB bank tower

 

[W.11]

seeing a pakistani thread, why has every nationality started its own development thread?, please dont be a copycat!! even the thread title is the same

 

[boltu]

seeing a pakistani thread, why has every nationality started its own development thread?, please dont be a copycat!! even the thread title is the same

I didn't find any popular synonym of development,any better suited preposition than 'in' and the name of the country is obvious.

Metro satellite city

BMW point Uttara

Concord Police Plaza

Unique Acropolis

Banani DCC

 

[CaPtAiN_pLaNeT]

I didn't find any popular synonym of development,any better suited preposition than 'in' and the name of the country is obvious.

Metro satellite city

What is the location of this Metro Satellite City....???

 

[boltu]

Yewar Tower

North tower Gulshan

Green Lavinia,Kakrail

What is the location of this Metro Satellite City....???

don't know the exact location but i think it'll be somewhere near purbachal.

Bashundhara fitness center,Baridhara

Abahani sports complex,Dhanmondi

Global Grandeur

Borak tower

 

[Nakki Nair]

seeing a pakistani thread, why has every nationality started its own development thread?, please dont be a copycat!! even the thread title is the same

Seeing other countries develop, pakistan also started developing!

Please dont be a copycat, dont develop.

 

[boltu]

40 storied AK khan Tower, Chittagong

Bangladesh Military Academy Complex,Chittagong

Rupayan City Center,Chittagong

World Trade center 2,Chittagong

GD trade center,Chittagong

Sanmar Tower,Chittagong

World trade center,Chittagong

 

[CaPtAiN_pLaNeT]

Each Red Dot identifies a proposed/under-construction Commercial Skyscraper to be completed by 2016

Tejgoan-Gulshan Link Road

Almost "100" Commercial Towers are underconstruction/proposed in the Area shown below!Count "red dots" to believe

Gulshan,Banani & Tejgoan-Gulshan Link Road

Dhaka Infrastructure Projects

United height project...

AIUB permanent project...

 

[boltu]

Gulshan tower

Unique Mehenur