PM calls upon Bangladeshi expatriates in USA for investment

Prime Minister Sheikh Hasina, while speaking at a press conference after a civic reception in New York, urged Bangladeshi expatriates in the USA to take her government’s attractive offers and invest in their motherland.
25 September 2021, 06:56 AM

Walton to become a global brand by next 9 years

With a vision ‘Go Global 2030’, Walton wants to become one of the best global electronics brands by the next nine years, said Walton Hi-Tech Industries’ Managing Director Golam Murshed at a roadshow.
23 September 2021, 18:00 PM

Evergrande founder calls for construction, sales to resume

The head of teetering Chinese developer Evergrande has urged staff to resume construction and sales to deliver properties, state media reported Thursday, as it battles to avoid a collapse many fear could send shockwaves through the world’s number two economy.
23 September 2021, 18:00 PM

BGMEA seeks better cargo-handling services at airport

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday urged the government to improve cargo-handling services at Hazrat Shahjalal International Airport to boost apparel exports.
23 September 2021, 18:00 PM

Sonali chicken a game changer for Joypurhat farmers

The poultry industry in Rajshahi’s Joypurhat district has grown expeditiously over the past two decades thanks to the breakthrough breeding of Sonali chicken, a cross-breed of Rhode Island Red cocks and Fayoumi hens.
23 September 2021, 18:00 PM

Automobile policy hits the road, aims to cut import

Bangladesh will cut its over-reliance on imported vehicles, switch to electric modes of transportation and become a regional hub for automobile manufacturing by 2030 as the government unveiled the country’s first-ever policy to develop the sector.  
23 September 2021, 18:00 PM

Chinese toymaker to invest $6.5m for Dhaka EPZ factory

Chinese toymaker Meigo (Bangladesh) Ltd is going to invest $6.55 million to establish a factory in Dhaka Export Processing Zone. The company will annually produce 9 lakh die-cast, plastic, plush and collectible toys.
22 September 2021, 18:00 PM

Asian investors soothed by Evergrande bond plan

Asian investors trod carefully on Wednesday but nerves appeared to be settled by news that troubled Chinese property giant Evergrande had agreed a plan to repay interest on one of its key bonds, for now avoiding a default that many fear could hammer the domestic and global economy.
22 September 2021, 18:00 PM

Imitation jewellery makes a comeback in Jhenidah

Around 10,000 families in Moheshpur upazila of Khulna’s Jhenaidah district are seeing better days as the local imitation or “city gold” jewellery industry has bounced back from a prolonged period of economic uncertainty due to the ongoing Covid-19 pandemic.
22 September 2021, 18:00 PM

Transport strike called off

Operations at the country’s premier Chattogram sea port have resumed after around 35 hours with a countrywide work abstention enforced by a section of logistics service providers being called off yesterday afternoon.
22 September 2021, 18:00 PM

Foreign funds in stocks drop

The stock market regulator’s initiatives such as roadshows in various countries to bring in investments appear to have produced no significant positive outcome as foreign investors reduced their stakes in the listed companies to book profits.
22 September 2021, 18:00 PM

Foreign JV to build 50MW solar power plant

Two foreign companies yesterday got the government nod to set up a 50-megawatt solar power plant in Khulna’s Terokhada upazila.
22 September 2021, 18:00 PM

Automobile policy introduced to promote local manufacturing

The government has issued a policy which comes with tax and export incentives to encourage entrepreneurs to establish automobile plants here in Bangladesh.
22 September 2021, 15:23 PM

Stop export of soybean meal: feed millers

Feed millers have called upon the government to stop the export of soybean meal, a major ingredient of feed for poultry, fish and cattle, for the sake of the livestock industry in the country.
22 September 2021, 12:16 PM

Transport strike: Few industries using own vehicles to unload goods

Most of the operations at Chittagong port remain suspended for the second consecutive day today, as a faction of owners and workers of goods transport are observing a countrywide 72-hour work abstention since yesterday.
22 September 2021, 07:26 AM

Dairy farming gets costlier

Milk production has turned costlier in the past few months due to soaring prices of animal feed, leaving dairy farmers with little hope of securing expected profits.
21 September 2021, 18:00 PM

Leasing out state jute mills: Ministry vetting 12 proposals

Over a year past shutting down state-run jute mills, the government has made little progress in modernising and reopening them, up until now having merely selected some potential lessee proposals for ministry-level vetting.
21 September 2021, 18:00 PM

Market diversification key to RMG growth

The year 2021 is a significant one for Bangladesh as the country is celebrating its 50th year of independence.
20 September 2021, 18:00 PM

IFC to invest $2.5m in Truck Lagbe

International Finance Corporation (IFC) is going to invest $2.5 million in online platform Truck Lagbe to connect people and corporate customers with truck owners and drivers through an app and a website in Bangladesh.
20 September 2021, 18:00 PM

Puma to open another store in Dhaka's Dhanmondi 27

Just two years after opening its doors for Bangladeshi customers, German sportswear giant Puma is going to expand its reach further in the country.
20 September 2021, 11:35 AM