4 companies to invest $50m at Bangabandhu Shilpa Nagar

Four foreign and local companies will invest $50 million collectively at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Chattogram’s Mirsarai area.
19 February 2022, 09:54 AM

EU to support Bangladesh for sustainable LDC graduation: EU envoy

The European Union (EU) will continue providing Bangladesh with its support and assistance to help the south Asian country achieve sustainable graduation from the least developed country (LDC) category.
16 February 2022, 13:25 PM

EU to make $21m climate-smart investment in Bangladesh, South Asia

The European Union (EU) has allocated a fund of $21.5 million to help accelerate climate-smart and inclusive infrastructure investments in Bangladesh and five other South Asian countries.
10 February 2022, 09:56 AM

Scope aims at curbing capital flight: Kamal

Finance Minister AHM Mustafa Kamal yesterday said the government has granted the scope to businesses to invest abroad in order to curb the transfer of money out of the country through illegal channels.
30 January 2022, 18:00 PM

Japanese Economic Zone to go into production next year: envoy

Factories in the Japanese Economic Zone in Araihazar upazila of Narayanganj will go into production next year, said Ito Naoki, Japanese ambassador to Bangladesh.
27 January 2022, 14:06 PM

Investors wary on bank growth

While big US bank bosses were optimistic on the economic outlook on Friday, pointing to an uptick in some lending businesses and a jump in consumer spending, investors were skeptical on the growth outlook for the sector.
15 January 2022, 18:00 PM

Investors pay the price for brokerage houses’ forgery

Amran Hossain, a private service-holder, invested around Tk 8 lakh in the stock market through Dawn Securities in 2009.
9 January 2022, 18:00 PM

JV to invest $100m in hi-tech park

Bangladesh  Cards Ltd, a joint venture between Japanese, Australian and Bangladeshi  investors, is going to invest $100 million in a local hi-tech park to  manufacture high-end technology products, including smart cards and  specialised security items, to cater to the growing domestic and  international markets.
8 January 2022, 18:00 PM

Bangladesh should harness trade potential with Indonesia: FBCCI chief

The government should take initiative to harness the potential of bilateral trade with Indonesia, said Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).
3 January 2022, 12:39 PM

ICB to issue mudaraba sukuk worth Tk 1,000cr

The Investment Corporation of Bangladesh has decided to issue an ICB First Mudaraba Sukuk worth Tk 1,000 crore for 10 years.
27 December 2021, 18:00 PM

Japan business lobbyist backs Myanmar coup, urges investment

A Japanese former politician who campaigned to bring billions of dollars of investment from some of Japans top companies to Myanmar has urged Japan to endorse its military regime, saying the nation’s coup leader has  “grown fantastically as a human being,” while praising his  “democratisation efforts.”
18 December 2021, 18:00 PM

UCB Investment raises funds for 3 banks

UCB Investment has managed to raise funds for three banks by issuing perpetual bonds.
13 December 2021, 18:00 PM

'Ongoing pandemic created potential for production, export of MPPE'

The ongoing Covid-19 pandemic has shed light on the potential of investing in the production and export of medical personal protective equipment (MPPE), analysts said at a webinar today.
13 December 2021, 14:03 PM

GM may invest $4b in electric vehicle plants

General Motors is considering investing more than $4 billion in two Michigan plants to boost its electric vehicle production capacity, according to sources and documents made public on Friday.
11 December 2021, 18:00 PM

Investment proposals soar 50pc despite pandemic

The current financial year’s first three months recorded 46 per cent higher investment proposals, both domestic and foreign, year-on-year in spite of the pandemic, said Bangladesh Investment Development Authority (Bida) yesterday.
11 December 2021, 18:00 PM

Investment proposals nearly 50% higher in current FY's Q1

The current financial year’s first three months recorded 46 per cent higher investment proposals, both domestic and foreign, year-on-year in spite of the pandemic, said Bangladesh Investment Development Authority (Bida) today.
11 December 2021, 12:51 PM

Invest more in Bangladesh

Foreign Minister AK Abdul Momen yesterday urged foreign entrepreneurs to invest more in Bangladesh considering the increased competition amid the fourth industrial revolution.
2 December 2021, 18:00 PM

DP World reiterates commitment to invest $1b

Dubai-based multinational logistics company DP World will invest $1 billion in Bangladesh’s supply chain infrastructure, including ports, rail network and inland container terminals.
30 November 2021, 18:00 PM

IDCOL to generate 300mw solar power by 2024

The Infrastructure Development Company Limited (IDCOL) will finance rooftop solar projects that will generate about 300 megawatts of peak electricity by 2024.
30 November 2021, 09:21 AM

Bangladesh a favourable destination for Turkish investors

Bangladesh has a favourable business environment for Turkish investors thanks to its congenial policy making and regulatory regimes, according to a 14-member delegation of the Turkey-Bangladesh Business Council.
29 November 2021, 18:00 PM