Page 27 - ICE BUSINESS TIMES March 2020
P. 27
Cisco on Wednesday deepened its commitment
to accelerate Bangladesh’s digital
transformation and showcase how digitization
can fuel economic prosperity, global
competitiveness and sustainable growth. They
CISCO EXPANDING also announced that it had doubled its
headcount and office space in Bangladesh to
FOOTPRINT IN accommodate its expanding operations in the
region, as well as opening a depot to serve
BANGLADESH customers better. Bangladesh has already
made considerable headway in digitally
empowering its citizens, ensuring seamless
and affordable connectivity to even the most
remote areas, along with mobile banking
services for higher financial inclusion.
Additionally, the government is issuing digital
IDs to over 100 million citizens, which allows
them quick access to essential amenities. To
facilitate the digitization of businesses and
help them serve global customers, Cisco has
introduced products specifically designed for
small and medium enterprises that provide
them access to simple, secure, and smart
enterprise-class technologies.
BAN LIFTED ON ONION
EXPORTS
India has decided to lift the ban on onion export to
protect the interests of its farmers as prices in the
domestic market are expected to fall sharply
thanks to the bumper rabi crop. The decision was
understood to have been taken at a meeting of a
group of ministers headed by Indian Home
Minister Amit Shah. Food Minister Ram Vilas
Paswan in a tweet said the expected monthly
harvest in March was over 40 lakh metric tonnes.
The decision would be effective once the
Directorate General of Foreign Trade (DGFT) issues
a notification in this regard.
next two years due to its high potential and
profitability, according to a survey by the Japan
External Trade Organisation (JETRO). Some 70.3 per
cent of the Japanese companies in Bangladesh are
mulling expanding business in the next one to two
years, 23.4 per cent believe their operations would
remain the same and 1.6 per cent are pondering over
going for a reduction. The statistics are from the '2019
JETRO Survey on Business Condition of Japanese
Companies in Asia and Oceania', which is yet to be
released officially. The survey took comments of 13,458
Japanese firms engaged in manufacturing and
non-manufacturing sectors in 20 Asia and Oceania
JAPANESE FIRMS MOST countries between the months of August and September
OPTIMISTIC OF PROSPECTS last year. The Japanese firms in India are the next most
sanguine ones: 65.5 percent are planning expansion.
IN BANGLADESH Vietnam comes in third, with 63.9 percent of the
Japanese firms there are planning expansion. It is
Bangladesh is the top choice for Japanese companies followed by Pakistan at 62.5 percent. Bangladesh came
seeking to expand business in Asia and Oceania in the in 5th in terms of profitability for Japanese companies.
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www.ibtbd.net
