Connect with us

Corporate

Bangladesh Competition Commission Fines foodpanda Tk10 Lakh for Market Abuse

Published

on

foodpanda

The Bangladesh Competition Commission (BCC) has levied a Tk10 lakh fine on foodpanda, an online food delivery platform, for breaching the Competition Act 2012 by abusing its dominant position in the market. This decision comes in response to a complaint filed three years ago by MGH Restaurants Pvt Ltd, alleging unfair practices by foodpanda in the food delivery market.

The BCC’s investigation revealed that foodpanda limited the business of two popular brands owned by MGH Restaurants, Nando’s and Peyela, through its abuse of dominance in the local market. In addition to the fine, the BCC imposed restrictions on foodpanda, preventing it from obstructing restaurants from entering partnerships with other food delivery platforms.

This significant move by the BCC aims to foster fair competition in Bangladesh’s rapidly evolving food delivery sector. The regulatory authority’s decision is designed to create a more competitive marketplace while safeguarding the interests of both consumers and restaurants. In response to the BCC’s ruling, foodpanda has indicated its intention to appeal, stating that it believes its position in the industry has not been adequately reflected in the order. The company’s co-founder and managing director, Zubair BA Siddiky, mentioned that their lawyers are overseeing the matter and they plan to appeal against the verdict.

The dispute between MGH Restaurants and foodpanda dates back to December 2020 when MGH Restaurants accused foodpanda of abusing its dominant position and engaging in unfair practices. According to the complaint, foodpanda threatened to increase the commission rate during the Covid-19 pandemic, which severely impacted the restaurant business. As many restaurants struggled for survival, foodpanda allegedly violated the existing agreement by arbitrarily reducing MGH Restaurants’ delivery radius and suspending them from the online platform. In response, MGH Restaurants filed a complaint before the BCC in December 2020, leading to the recent

Share this

Corporate

PM’s China Visit: Nagad Signs Pact with Huawei

Published

on

NAGAD Signs Pact with Huawei

Bangladesh has taken a significant step towards enhancing its digital financial services as NAGAD Limited and Huawei Technologies signed a landmark agreement. The deal aims to revolutionize the country’s digital transaction experience by integrating world-class smart transaction technologies through NAGAD’s digital banking and mobile financial services.

The agreement, signed on Tuesday (July 9) at Beijing’s Shangri-La Hotel in the presence of Prime Minister Sheikh Hasina, marks a pivotal moment for Bangladesh’s digital economy. It underscores the commitment to bolstering digital banking capabilities, ensuring that customers of NAGAD can enjoy seamless international transactions anytime, anywhere.

Representing NAGAD, the agreement was endorsed by its founder and CEO, Tanvir A. Mishuk. Among the dignitaries present were Finance Minister Abul Hassan Mahmood Ali, Foreign Minister Dr. A.K. Abdul Momen, Adviser to the Prime Minister on Industry and Investment Affairs Salman F Rahman, State Minister for Posts, Telecommunications, and Information Technology Junaid Ahmed Palak, and NAGAD’s Chairman Farid Khan.

Huawei’s South Asia Region President and CEO Pan Yunfei signed the agreement on behalf of Huawei. Several senior officials from the Chinese government were also in attendance, highlighting China’s support for Bangladesh’s economic growth and digital inclusion efforts.

Chairman of NAGAD Digital Bank, Farid Khan, commented on the significance of the agreement, stating that over the past five years, Bangladesh has seen a profound transformation in its financial landscape. Now, with global collaboration on the horizon, NAGAD and Huawei aim to propel Bangladesh towards a smarter future. NAGAD’s digital banking initiative will play a pivotal role in achieving a Smart Bangladesh, fostering significant advancements in the country’s economic framework.

Share this
Continue Reading

Corporate

Grameenphone Faces Tk 300 Crore Fine for Call Drop Issues

Published

on

The Bangladesh Telecommunication Regulatory Commission (BTRC) has issued a show cause notice to Grameenphone due to an excessive number of call drops. The telecom operator could face a fine of up to Tk 300 crore if it fails to provide a satisfactory explanation.

The notice was issued on July 1.

Junaid Ahmed Palak, the State Minister for Posts, Telecommunications and Information Technology, informed journalists of this development after inaugurating the GPT platform ‘G-Brain’ at the ICT Tower in Agargaon, Dhaka, on Wednesday afternoon.

“We have issued an initial show cause notice to Grameenphone. Further analysis is underway. If they can provide a valid explanation, they may be pardoned as they were last time. However, if they fail to justify their actions properly, BTRC can impose fines ranging from Tk 100 crore to Tk 300 crore,” stated Palak.

He added, “We had asked for explanations from four mobile network operators (MNOs) regarding our test drive on July 30.”

The BTRC conducts ‘Quality of Service (QoS) Drive Tests’ to verify the service quality of mobile phone operators, checking voice calls, data, and network coverage.

Engineer Md. Mahiuddin Ahmed, Chairman of BTRC, mentioned that voice and data services on Grameenphone’s network did not meet the expected standards in the drive test. The BTRC is investigating the reasons behind this shortfall.

“If any operator fails to maintain the expected service quality, BTRC will take action. Customers should not suffer any inconvenience,” emphasized the BTRC Chairman.

According to the Quality of Service (QoS) guidelines, there is a provision for up to 2% call drops for voice calls. For call setups, BTRC has set a specific time limit of seven seconds. Additionally, a minimum download speed of 7 Mbps is required for 4G technology.

Share this
Continue Reading

Corporate

Inspira Hosts MSME Digital Security & Data Protection Dialogue

Published

on

Inspira Hosts MSME Digital Security & Data Protection Dialogue

Inspira Hosts Policy Dialogue on MSME Digital Security and Data Protection

Dhaka, June 9, 2024 – Inspira, in collaboration with USAID, DAI, and DCCP, successfully organized a Policy Dialogue addressing the digital security and data protection challenges faced by MSMEs. The event gathered industry leaders and government officials to deliberate on these critical issues.

Md Ziaul Haque Bhuiyan, Chief of Staff of ShopUp and former President of JCI Bangladesh, shared valuable insights during the dialogue. The event was graced by Md Shamsul Arefin, Secretary of the ICT Division, as the Chief Guest. Other notable attendees included Salahuddin Mahmud from the SME Foundation, Khalilur Rahman, Director General of BTRC, Abu Saed Kamruzzaman, Director General of NCSA, and Samira Zuberi Himika, Chairperson of Inspira.

Key Points Discussed:

Restricting Betting Services:

  • Issue: Online betting services are causing financial losses for many individuals.
  • Discussion: Implementing stricter regulations to limit access and protect users from financial harm.

 

Regulation of Grey Channel Devices:

  • Issue: Unauthorized smartphones and laptops with unmonitored apps are entering the market.
  • Discussion: Enhancing regulatory oversight to ensure visibility and security of imported electronic devices.

 

Data Storage Concerns with CCTV Cameras and VTS:

  • Issue: Sensitive data from CCTV cameras and Vehicle Tracking Systems is being stored overseas.
  • Discussion: Expanding BTRC’s regulatory scope to include these devices and ensure data security.

 

Digital Security Education:

  • Issue: There is a lack of awareness and education on digital security and data protection.
  • Discussion: Integrating these topics into the national education curriculum and enhancing public awareness through eCAB, BASIS, and media campaigns.

 

Government Officials Using Insecure Email:

  • Issue: The use of Gmail by government officials poses security risks.
  • Discussion: Promoting the use of secure, government-approved email services for official communication.

 

OTP Awareness Challenges:

  • Issue: Misunderstandings about OTP security are affecting delivery services.
  • Discussion: Educating the public on proper OTP usage to enhance security and service efficiency.

 

Policy on Digital Page Ownership:

  • Issue: There is a lack of clear policies on digital page ownership and management.
  • Discussion: Developing policies to protect content creators and regulate digital page ownership.

 

The Policy Dialogue underscored the necessity for comprehensive strategies and collaborative efforts to bolster digital security and data protection for MSMEs in Bangladesh. By addressing these issues, the event aimed to create a safer and more secure digital environment for businesses and individuals alike.

Share this
Continue Reading