Bangladesh’s leather exports to benefit from CETP upgrade

The government up until now has allowed two tanneries of Apex and Bay Leather to set up their own effluent treatment plants and other companies are waiting for permission for theirs as well, according to industry people. The move comes as a part of the government’s efforts to reduce pressure on the central effluent treatment plant (CETP) at the tannery industrial estate in Savar, Dhaka by encouraging the private firms to set up their own. Till date, only five tanneries in the country have attained the LWG certification – Apex Tannery, Riff Leather, SAF Industries, Superex Leather, and ABC Leather. As per data of Bangladesh Tanners Association (BTA), there are around 200 tanneries in the country and 127 of them are based inside the estate. These tanneries can collectively produce about 300 million square feet of finished and semi-finished leather each year.

Source: https://www.thedailystar.net/business/news/bangladeshs-leather-exports-benefit-cetp-upgrade-3486771

Elon Musk’s Starlink to make entry to Bangladesh

The government has decided to award a licence to Starlink, operated by American aerospace company SpaceX, the brainchild of billionaire Elon Musk, in a development that could create some competition in the internet business in Bangladesh. Starlink’s arrival in areas with traditional telecom and cable internet will foster competition, potentially leading to improved service quality and expanded access. The cost of the Starlink internet is also prohibitively high in the context of Bangladesh, costing about $120 per month in most locations while the initial hardware costs reach up to $599, according to its website. From local ISPs, 5mbps broadband costs about Tk 500 per month while mobile internet cost between Tk 400-500 per 30GB. SpaceX, currently worth about $150 billion, provides satellite internet coverage to more than 60 countries with about 4,519 Starlink satellites currently in orbit.

Source: https://www.thedailystar.net/business/news/musks-starlink-make-entry-bangladesh-3487811

Mr. Md. Jahangir Alam joins as Union Bank DMD

Md. Jahangir Alam, a veteran banker having more than 3 decades of experience has recently joined shariah-based Union Bank PLC.as its Deputy Managing Director. Prior to joining this 4th generation shariah-based, Mr. Alam was CAMLCO and Deputy CRO of 1st generation AB Bank. Mr. Alam obtained his M.Com (Marketing) and LLB from Rajshahi University (RU) and MBA from Commonwealth of Learning (COL), Vancouver, Canada. He also obtained professional degrees from Franch, USA and UK. He is a professional having more than 30 years of working experience in different financial institutions ranging from first generation to third generation private commercial banks.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/jahangir-alam-joins-as-union-bank-dmd-1701887263