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US Bangla Group Launches ‘Take Trip’ Travel Agency in Maldives

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US Bangla maldives

US Bangla Group has inaugurated its latest venture, “Take Trip Limited,” a travel agency that commenced operations with an exclusive event hosted at The Standard, Huruwalhi resort in the Maldives, as outlined in an official press release.

With a focus on catering to the growing travel trade in Bangladesh, which is expanding at an impressive rate of approximately 10% annually, “Take Trip” plans to distinguish itself by providing comprehensive support to its B2B agents. Supported by US Bangla Airline, the agency aims to deliver unmatched assistance through leading commission structures, group ticketing facilities, holiday package support, and exclusive fares from various airlines.

The dynamic team leading “Take Trip” is spearheaded by Daraz Mahmud, the former Regional Head of Travelport GDS for Bangladesh and Nepal. The team comprises industry veterans, including Mahdee Kabir, former head of sales for IndiGo in Bangladesh, and Nuruddin Sharif, who brings a wealth of experience from various airlines.

Emphasizing the immense potential in the travel industry, Daraz Mahmud notes that only a fraction of the sector has been tapped by online travel agencies, leaving substantial room for expansion. Aligning with the vision of Prime Minister Sheikh Hasina for a Digital Bangladesh, “Take Trip Limited” aims to support emerging entrepreneurs by providing technical expertise and industry know-how, contributing to the growth of the tourism and employment sectors.

 

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Stocks

Grameenphone Appoints Hakon Bruaset Kjol as New Chairman

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Hakon Bruaset Kjol

Grameenphone Limited, a telecommunications entity listed on the Dhaka Stock Exchange (DSE), has named Hakon Bruaset Kjol as its newly appointed Chairman.

The information was sourced from the DSE, indicating that Hakon Bruaset Kjol is slated to take on the role of Chairman starting February 22, 2024.

 

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Economy

FBCCI, CWEIC Forge Strong Partnership to Boost Bangladesh-Commonwealth Trade

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FBCCI, CWEIC

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the Commonwealth Enterprise and Investment Council (CWEIC) have forged a strengthened collaboration to boost trade ties between Bangladesh and Commonwealth nations.

FBCCI, led by President Mahbubul Alam, extended an invitation to CWEIC for support in expanding textile, pharmaceutical, and agriculture exports to Commonwealth countries. The call was made during a dinner meeting hosted by FBCCI in honor of Lord Marland, Chairman of CWEIC, on Tuesday evening, 13th February.

President Mahbubul Alam emphasized Bangladesh’s increasing appeal as an investment hub for industry diversification, value chain integration, and export market expansion. Having surpassed the $55.55 billion export milestone in 2022-23, Bangladesh aims to enhance competitiveness, targeting a $300 billion export value by 2041 as part of its trillion-dollar economic journey.

FBCCI stands proud as an advocate for the business community, striving to foster a robust and globally competitive business environment within Bangladesh. Mahbubul Alam highlighted FBCCI’s commitment to supporting trade, industry, and sustainable economic development.

He underscored the significance of FBCCI’s collaboration with CWEIC, citing their participation in the Commonwealth Business Forum, as instrumental in showcasing Bangladesh’s business potential, national development, and prosperity. Mahbubul Alam identified key sectors for collaboration, including Technology Transfer and Innovation, IT, renewable energy, education, skills development, vocational training, healthcare, pharmaceuticals, and access to finance for SMEs.

Lord Marland, Chairman of CWEIC, commended Bangladesh’s recent economic development, expressing optimism about the country achieving ‘Smart Bangladesh’ status by 2031, a decade ahead of projections. He affirmed CWEIC’s commitment to working closely with FBCCI to further enhance trade and investment, tapping into the untapped potential between Bangladesh and Commonwealth nations.

Key figures present at the event included FBCCI Vice President Md. Khairul Huda Chopol, Shomi Kaiser, Md. Munir Hossain, Strategic Advisor of CWEIC Zillur Hussain MBE, FBCCI Director Sujib Ranjan Dash, Secretary General Md. Alamgir, and various business dignitaries.

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RFL Launches Affordable Duranta E-Bikes in Bangladesh

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E-Bikes RFL

RFL Group has achieved a groundbreaking feat by introducing locally manufactured electronic bicycles (e-bikes) to the domestic market, marking a significant milestone as the first initiative of its kind in the country. The cover of the “Duranta”-branded electric bicycle, a venture aimed at providing affordable e-bikes to local consumers, was unveiled by RFL Group Managing Director RN Paul in the capital on Thursday.

The initial offerings in the market include the Duranta E-Rider 101 and Duranta E-Rider 201 models. The Duranta E-Rider 101 model is priced at Tk42,000, while the Duranta E-Rider 201 model comes with a maximum retail price of Tk55,000. These e-bikes will be available nationwide through Duranta Sports Gallery and authorized dealers.

Manufactured in the own factory of Rangpur Metal Industries Limited, a subsidiary of RFL Group located at Habiganj Industrial Park, the factory boasts an annual production capacity of approximately 5,000 units of e-bikes.

Speaking at the event, RN Paul highlighted the increasing global popularity of e-bikes as a convenient and eco-friendly alternative to traditional bicycles and motorized vehicles. Emphasizing the importance of e-bikes for commuting, recreation, and transportation, he noted their role in enabling long-distance travel with minimal physical effort.

Acknowledging the delayed adoption of e-bikes in Bangladesh, RN Paul explained RFL’s entry into the sector with a commitment to delivering high-quality, eco-friendly products within the purchasing power of the country’s people. He expressed optimism about receiving a positive response from customers and revealed plans to explore e-bike exports after meeting domestic demand.

Md Mahmudur Rahman, Chief Operating Officer of Rangpur Metal Industries Limited, highlighted the distinctive feature of the Duranta E-Bike—its use of a 36-volt lithium battery produced in their factory. The e-bike can reach a speed of 25 km per hour, covering a distance of up to 45 km on a single charge, which takes approximately 4-5 hours for a full recharge.

Rahman also shared customer benefits, including a six-month warranty on electrical parts and four free servicing facilities in the first six months of purchasing a Duranta e-bike.

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