Hospitality sector lost Tk 17,300 crore during pandemic: BIDS survey

The country’s hospitality sector has lost about Tk 17,300 crore in gross value added during the pandemic, according to a survey.
10 April 2022, 13:34 PM

Taskforce needed to realise plastic industry’s potential

The government could form a taskforce to identify the promising plastic sector’s challenges and explore its potentials conforming to environmental standards, suggested Ahmad Kaikaus, principal secretary to the prime minister, yesterday.
9 April 2022, 18:00 PM

Akij sets up its first rooftop solar power plant

Akij Group has set up its first rooftop solar plant with a power generation capacity of 470 kilowatts at Janata Jute Mills in Faridpur’s Boalmari upazila with technical solutions and support of Huawei and Cynergy.
9 April 2022, 18:00 PM

Walton doubles motherboard production

Walton has doubled its motherboard production capacity as the local technology giant looks to become savvier in high-tech and cut reliance on imports for advanced technologies.
9 April 2022, 18:00 PM

NBR unearths Tk 1cr VAT evasion by PHP Float

The National Board of Revenue (NBR) has unearthed more than Tk 1 crore VAT evasion by PHP Float Glass Industries Ltd after poring over the documents filed by the Chattogram-based company for the period from the fiscal year of 2013-14 to 2017-18.
9 April 2022, 18:00 PM

Banglabandha port opens for tourists

Bangladeshi tourists have started crossing the border through the Banglabandha Land Port in Panchagarh, more than two years after their entry through the port was suspended in the wake of Covid-19.
9 April 2022, 18:00 PM

Canada-China firm to invest $5.74m in Bepza EZ

A Canada-China owned company will invest $5.74 million to set up a diversified product manufacturing plant in Bepza Economic Zone.
7 April 2022, 18:00 PM

Walton wins bids to buy European brands

Walton Hi-Tech Industries PLC said today it has won the tender to procure more than 50 years long-established European brands ACC, Zanussi Elettromeccanica (ZEM) and Verdichter (VOE) from Italia Wanbao-ACC.
6 April 2022, 09:26 AM

Chinese firm to invest $12.89m in Mongla EPZ

Chinese company Xihe Textile Technology Bangladesh Ltd is going to set up a garments manufacturing industry in Mongla Export Processing Zone (EPZ) with an investment of $12.89 million.
5 April 2022, 18:00 PM

Govt lifts investment cap on dollar bonds

The government has removed the upper ceiling on investments in two US dollar related bonds so that non-resident Bangladeshis (NRBs) can invest as much as they want in both securities, according to a notification from the Internal Resources Division (IRD).
5 April 2022, 18:00 PM

Paperfly secures Tk 102cr from Indian firm

Logistics-tech company Paperfly has confirmed Tk 102 crore new investment from Ecom Express, one of the leading tech-based e-commerce logistics solutions providers in India, as it looks to digitalise the local courier segment.
5 April 2022, 18:00 PM

Paperfly bags another Tk 102 crore investment

Logistics-tech company Paperfly today confirmed another Tk 102 crore investment from the leading Indian tech-based e-commerce logistics solutions provider, Ecom Express.
5 April 2022, 11:46 AM

Mexico-Bangladesh virtual business platform launched

Mexico-Bangladesh Virtual Business Platform has been launched with an aim to create better opportunities and bring the business community of both the countries to a single platform.
5 April 2022, 09:50 AM

Garment factory workers block road in Ctg for due salaries

Workers of Regent Textile Limited today blocked the road in front of the factory in Boalkhali upazila of Chattogram – demanding their due salaries.
4 April 2022, 07:51 AM

Sewing thread: a new avenue of growth in textile

Hundreds of sewing thread manufacturing units have sprung up in Bangladesh in recent years, allowing the country to nearly attain self-sufficiency in the major garment accessory.
3 April 2022, 18:00 PM

Bangladesh has attractive economic sector for investment: US envoy

Bangladesh has an attractive economic sector for investment, US Ambassador Peter Haas said today.
3 April 2022, 13:45 PM

After LDC graduation ceramic exports to face tough tariffs: Study

Exporters of locally made ceramics will have to endure tough competition after Bangladesh graduates from the least developed country (LDC) status in 2026 as such products will face 12.7 per cent tariff on average when entering international markets, according to a recent study.
2 April 2022, 18:00 PM

BATBC to invest another Tk 574cr in Savar plant

The British American Tobacco Bangladesh Company (BATBC) yesterday decided to invest another Tk 574 crore in its Savar operations to cater to upcoming export opportunities and create contingency capacity.
31 March 2022, 18:00 PM

Demanding arrears, garment workers block Dhaka-Narayanganj link road

Hundreds of workers of Rupashi Garments blocked Dhaka-Narayanganj link road, demanding their due salaries.
31 March 2022, 07:45 AM

Spectrum auction today

A crucial auction for spectrum bands that can support both fourth-generation (4G) and 5G technologies is set to take place in Dhaka today as the government looks to alleviate the sufferings of users stemming from the slower mobile internet speed.
30 March 2022, 18:00 PM