eGeneration Signs Contract with Idra to Establish Data Center

Lay's, the beloved potato chips brand from PepsiCo, has launched the transformative "Lay's Make In Bangladesh" initiative in partnership with Transcom Consumer Products Ltd, demonstrating its steadfast dedication to Bangladesh. This initiative marks a momentous milestone as Lay's proudly pioneers the local production of its iconic potato chips in Bangladesh.

The Government of Bangladesh has signed a grant agreement worth $12.40 million with the Asian Development Bank (ADB) to finance the ongoing Fourth Primary Education Development Program (PEDP-4).The grant proceeds, provided by the Education Above All (EAA) Foundation, Qatar Fund, will be utilized through ADB to enhance the primary education system and ensure inclusive and equitable access to quality education for children from pre-primary through grade 5.

Meghna Bank Limited and Mutual Trust Bank Limited have entered into an agreement that allows MeghnaPay customers to enjoy the convenience of the "add money" facility through Mutual Trust Bank Payment Gateway

Bank Asia Limited partners with Grameenphone to expand financial inclusion. Bank Asia Limited has entered into an agreement with Grameenphone to designate the mobile phone operator's retailers as micro-merchants for the bank. This collaboration aims to bring banking services to the doorstep of grassroots communities and support Bangladesh's goal of becoming a cashless economy.

Dhaka Bank Limited has entered into an agreement with PricewaterhouseCoopers (PwC) Bangladesh Private Limited for a Quality Assurance Review of its Internal Audit Functions. The engagement letter was signed by the Managing Director of PwC Bangladesh and the Managing Director & CEO of Dhaka Bank Limited.

The proposed budget for the fiscal year 2023-24 in Bangladesh has raised concerns within the technology industry as it includes measures that could increase the cost of importing IT hardware and software. Industry insiders warn that higher import duties and the introduction of an additional VAT levy will result in increased expenses for hardware and software, reducing protection and incentives for local software development. The proposed budget prioritizes making imported hardware more expensive before sufficient local capacity is built, which could hinder industry growth.