Jagaran Chakma

The Bangladesh Sugar and Food Industries Corporation (BSFIC) will not get relief from the losses anytime soon despite closing six mills.

The government is going to team up with US-based CNN International Commercial for showcasing Bangladesh’s achievements on the global stage.

Kiam Metal Industries, a sister concern of BRB Group, plans to make a foray into the country’s burgeoning glassware market by setting up a Tk 850 crore manufacturing unit.

Amidst the perfect storm stirred up by Covid-19, a drug used to treat a wide range of viral infections emerged as a silver lining for treatment seekers.

IFAD Autos is all set to make a foray into the assembling business as it is now putting together different components to build 160 luxury buses to cater to the domestic market.

Bangladesh’s hope of securing $3.6 billion in Chinese loans for five projects may not materialise as Dhaka has unilaterally decided to replace them in a list focusing bilateral cooperation.

Edible oil is likely to become costlier in the days ahead because of the upward price trend of soybean and palm oil worldwide as Bangladesh meets 90 per cent of its demand through imports, said processors yesterday.

Dining out has become a rare exercise amid the ongoing coronavirus pandemic as many people prefer to stay at home in a bid to maintain social distancing and avoid infection.

The government has framed a policy to encourage industrialisation, creative efforts and manufacturing of goods that would diversify and act as substitutes to the current range of imports.

Walton Hi-Tech Industries Ltd is going to make a fresh investment of $640 million, equivalent to Tk 5,440 crore, to expand facilities to produce and increase export of electrical and electronic goods.

Bangladesh’s image will shine out amidst the global community on the back of the United Nations recommendation for its status graduation from a least-developed country to a developing nation.

Exports of electrical goods rose 42.34 per cent year-on-year to $41.93 million in the July to January period of the current fiscal year, in a testament to Bangladesh’s growing prowess in the technological sector.

Passenger vehicle sales fell by around 26 per cent in 2020 compared to the previous year due to the ongoing coronavirus pandemic and imposition of additional road tax.

Bangladesh will have to pay about $460 million in subscription fee to become a member of the New Development Bank (NDB) or BRICS Bank, a new international lender looking to mobilise resources for infrastructure and sustainable development projects.

Some 37 local textile and garment manufacturers have started investing in Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) to establish high-end apparel factories.

While the government is fervently trying out new ways to draw investment to boost economic growth, some state bodies continue to cling on to their customary negligent behaviours, effectively marring all progress.

Australia’s TIC Group had set up a factory in Bangladesh to produce garment hangers with an initial investment of $10 million in the Meghna Industrial Economic Zone at Meghnaghat in Narayanganj in 2018. The facility went into commercial production in February 2019.

Motorcycle manufacturers have alleged that the new definition of completely knocked-down (CKD) components for two-wheelers will discourage local production and impede the industry’s development.

Rupayan Group aims to enhance Bangladesh’s brand in the global real estate sector through Rupayan City Uttara, a premium mega gated community with a wide range of lifestyle solutions.

Bangladesh’s steel export, mainly semi-finished casting products, leaped 82.91 per cent year-on-year during the July-January period of the ongoing fiscal, interestingly coinciding with the ongoing pandemic-induced economic slowdown.