The board of directors of IFAD Autos has decided to invest Tk 80 crore to acquire 40 per cent shares of IFAD Multi Products Ltd.

The spinners and garment manufacturers have fixed the price of 30-carded yarn at the highest $4.20 per kg for the local markets.

Sylhet division is littered with numerous haors, waterfalls, swamp, hills, and tea gardens that make it an attractive tourist destination.

Spinners have kept yarn prices unchanged since August 10 and there is no scope for a reduction as cotton prices are high in the global market, said Mohammad Ali Khokon, president of Bangladesh Textile Mills Association (BTMA), yesterday.

Garment exporters are feeling the pinch of exorbitant transport fares as the rebound in the shipment of goods thanks to the reopening global economy has raised the demand for trucks and covered vans.

The Banglabandha land port in Rangpur’s Panchagarh district collected a record-high amount of revenue in fiscal 2020-21.

Green Delta Insurance Company has virtually launched an online VAT return processing software automating the whole process and ensuring transparency, convenience and timely processing. 

Haor areas of Sylhet division usually remain inundated for most of the year but there are high grounds where Boro paddy can be grown.

City Group, one of the country’s leading consumer goods processor and manufacturer, is to going to build a hi-tech park investing Tk 5,000 crore to manufacture technology products such as microprocessors, chips, circuits, mobile phones and laptops.

Vaccinating workers is a top priority for the Prime Minister Sheikh Hasina-led government, which expects to start providing garment workers their jabs within one and a half months, Commerce Minister Tipu Munshi said on Wednesday.

The construction of the Bay Terminal, a long-awaited project of the Chittagong port, is gaining momentum after slowing down due to the coronavirus pandemic as the government looks to complete it by 2024.

Russia has expressed interest to buy mangoes from Bangladesh, said the Ministry of Agriculture yesterday.

Habibur Rahman, a Chattogram-based schoolbag manufacturer, suddenly fell into deep financial peril ever since the coronavirus pandemic first reached Bangladesh in March 2020.

A demo-day and closing ceremony of Korea’s six-month-long mentoring programme for five Bangladesh startup teams were held virtually yesterday with the presence of Ambassador Lee Jang-keun and ICT State Minister Zunaid Ahmed Palak.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday requested the Chittagong Port Authority (CPA) to allow the release of imported goods directly from the port instead of private inland container depots (ICDs) to save time and cost.

The International Finance Corporation (IFC) has committed $791 million to support Bangladesh’s businesses amidst the coronavirus pandemic.

Spinners are unwilling to reduce the prices of yarn in local markets even though apparel and terry towel exporters have demanded as much in order to remain competitive at the international level.

Anwar Galvanizing, a listed concern of the Anwar Group of Companies, has decided to double its production capacity within 2022 investing Tk 27 crore.

Japanese Ambassador to Bangladesh Ito Naoki urged the Bangladesh government to provide cash incentives to the foreign investors in the country.

In the context of Covid-19, International Finance Corporation (IFC) will invest in the pharmaceutical industry, including vaccine production in Bangladesh and other South Asian countries.