Jagaran Chakma

Giordano Korea CEO sees ‘familiar signs of promise’ as he plans a factory in economic zone

Bangladesh’s healthcare sector has the potential to reach $23 billion by 2030, positioning the country as a major destination for foreign direct investment (FDI), according to a presentation shared at the Bangladesh Investment Summit.

Foreign direct investment (FDI) from China in Bangladesh has risen to $2.67 billion as of September 2024, according to official data, cementing China’s position as the country’s second-largest investor.

"This downtrend will lead to severe consequences if it is not reversed"

The government has launched an initiative to modernise and revive six shuttered sugar mills, aiming to transform them into profitable enterprises through public-private partnerships and advanced technology.

Bangladesh’s pharmaceutical exports posted steady growth in the first eight months of the current fiscal year, buoyed by rising demand from developed markets, though a sharp decline in February raised concerns, industry experts said.

Shipments go up 21.25% in first eight months of FY25

Bangladesh’s exports have shown resilience, displaying steady growth in key sectors such as garments, plastics and seafood in the first eight months of fiscal year (FY) 2024-25, somewhat defying global economic headwinds and domestic concerns like high inflation and political uncertainty.

The government’s borrowing from domestic sources surged in the first half of FY25, primarily driven by a substantial increase in the issuance of special bonds, particularly those issued to clear arrears to electricity and fertiliser producers, as well as treasury bills (T-bills) and bonds targeting institutional and individual investors.

The industry currently has a market size of around Tk 6,250 crore

Singer Bangladesh has started the commercial production of home appliances at its new plant, becoming the first company to operate in the Bangladesh Special Economic Zone (BSEZ) in Araihazar of Narayanganj.

Bangladesh’s footwear sector is at a turning point, offering lucrative investment opportunities in both the leather and non-leather segments. However, challenges in sustaining growth and enhancing competitiveness remain, the Bangladesh Investment Development Authority (Bida) highlighted in a newsletter released yesterday.

In search of a better future, Md Selim and Hasanuzzaman Hassan migrated to the US roughly over three decades ago. The brothers eventually found success in construction business there but could not ignore the urge for contributing to their homeland. 

Foreign participants at the 16th Asia Pharma Expo foresee a bright future for Bangladesh’s pharmaceutical industry, given its continuous product development and expanding global footprint.

The government has declared furniture as the “Product of the Year” following a rebound in exports during the first seven months of the current fiscal year.

The intersection of profession, passion and academic background can be complicated.

Steel factories are often seen as some of the biggest culprits of environmental pollution due to their massive energy consumption, heavy water use and harmful emissions. 

Even amid a business slowdown, sales of heavy-duty trucks and covered vans showed a year-on-year increase last year, according to company and vehicle registration data, as commercial vehicle distributors attribute this rise to pent-up demand since the pandemic.

The flow of foreign direct investment (FDI) in Bangladesh fell to $104.33 million in the July-September quarter of fiscal year 2024-25, the lowest in at least six years, as foreign investors stayed away from Bangladesh amid deadly political unrest, labour agitation, and a persistent economic crisis.

Cement sales in Bangladesh plunged in 2024 due to political instability, rising production costs, and the deferment of the implementation of government infrastructure projects, leaving the industry operating at less than half its capacity.