Govt set to establish new support fund for entrepreneurs The government is going to introduce an alternative loan support model soon replacing the existing equity fund, in an attempt to bring entrepreneurs under a legal framework, officials said. The move comes as the government could neither properly monitor the Equity and Entrepreneurship Fund (EEF) activities […]
Satellite company to get licence Bangladesh Communication Satellite Company Ltd—which is operating Bangabandhu Satellite-1—will get a licence from the telecom regulator to provide satellite services to local and foreign companies for 15 years. “We have decided to award a licence to the satellite company. We will send our recommendation to the government within one week,” […]
Private pension shaping up Finance Minister AMA Muhith will present a detailed outline of a private sector pension scheme in the upcoming budget with a plan to reach one lakh beneficiaries on a test case basis. A finance ministry official said the minister wants to come up with a framework about the scheme that the […]
Potential of wind power May 16, 2018 It is very heartening to know that a recent survey by the American National Renewable Energy Laboratory has found the potential of producing wind power in Bangladesh to be quite bright. It arrived at this conclusion after completion of a wind resource mapping for the country. Based on […]
Efforts on to clear Eid pay on time: BGMEA The government and factory owners are taking steps to ensure timely payment of salaries and festival bonuses of 44 lakh garment workers to avert any unrest ahead of Eid-ul-Fitr. “We are getting ready to clear the payments ahead of Eid like previous years,” said Mahmud Hasan […]
Ecnec approves 10 projects including excavation of 5 Dhaka canals The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved 10 projects amounting to a total cost of Tk3,416 crore, including one to excavate and re-excavate five canals in Dhaka in a bid to reduce water logging. The projects were approved at an […]
Marine survey vessel so far finds 298 fish species in Bay Though the high-tech ocean survey vessel has successfully continued its assessment for the last two seasons, Bangladesh will have to wait for two-three years more to get the reliable data on fish resources in the Bay of Bengal, according to experts, reports UNB. Conducting […]
The file photo shows Bangladeshi volunteers evacuating an injured garment worker after an eight-storey building collapsed in Savar, on the outskirts of Dhaka on April 24, 2013. The government and representatives of factory owners and workers have reached a consensus on raising compensation for workplace death and injury in the labour law. — AFP photo […]
RMG exporters to get more low-cost funds Apparel and textile exporters can now take low-cost loans of up to $25 million from the Export Development Fund after the central bank yesterday increased the limit from $20 million. Members of the Bangladesh Garment Manufacturers and Exporters Association and Bangladesh Textile Mills Association can borrow from the […]
Industries to get 2,000 new gas connections The textile factory owners see an increase in their productivity, as the government has finally decided to allocate 2,000 new industrial gas connections and supply adequate gas to the existing units. The move to allow new industrial gas connections after a seven-year pause comes in light of the […]