Govt brings fresh funds for entrepreneurs Star Business Report The government has introduced an Entrepreneurship Support Fund (ESF) for agro-based industrial, food processing and ICT sectors by abolishing the Equity and Entrepreneurship Fund (EEF), as clients did not pay back loans on time despite enjoying equity at zero interest. The ESF fund would provide eight-year […]
Deal signed for single window to boost trade Star Business Report Some 38 government and private sector agencies yesterday signed a memorandum of understanding to speed up the process of clearing imported and exportable goods under a National Single Window (NSW). The electronic gateway will allow businesses to submit information related to imports and exports […]
Improve infrastructure to woo investors: MCCI Star Business Report Inadequate infrastructure, a lack of confidence in the economy and a shortage of power and energy are major impediments to the country’s growth, said a leading chamber yesterday. “These impediments must be removed to restore the confidence of the foreign investors as well as the country’s […]
ROAD SAFETY DEMO: BGMEA fears shipment slowdown Star Business Report Student demonstration and transport disruption, which partly halted movement of goods-laden trucks, have affected shipments of apparel items, exporters said yesterday. Not only has there been a slowdown in shipments but also suspensions of trips of some important buyers to Dhaka who were scheduled to […]
Single digit interest closer to reality State enterprises promise to keep deposits at 6pc with private banks Star Business Report All state-owned enterprises have promised not to demand more than 6 percent from banks for parking their funds with them with a view to facilitating the long-delayed single digit interest rate for lending. The development […]
India to impose delayed tariffs on some US goods in September Reuters, New Delhi INDIA said on Saturday that delayed higher tariffs against some goods imported from the United States will go into force on September 18. New Delhi, incensed by Washington’s refusal to exempt it from new tariffs, decided in June to raise import […]
China says tariff threat against US ‘justified’ Afp, Singapore China’s foreign minister said Saturday that his country’s threat to impose retaliatory tariffs on $60 billion of American goods in an escalating trade spat was “fully justified”. Beijing threatened Friday to bring in the levies on products ranging from beef to condoms, after US President Donald […]
PHP plans to invest Tk 31,600cr in steel plant Jagaran Chakma PHP Family, a Chittagong-based business group, plans to invest about Tk 31,600 crore to set up an integrated steel plant on 500 acres of land in Mirsarai Economic Zone. All kinds of steel products will be manufactured at the plant, including materials for […]
Solar-powered irrigation improves farming Star Business Report The solar irrigation system holds huge potential in Bangladesh and can provide sustainable solutions without requiring any fuel, reduce carbon emission and save millions in foreign currency, according to Infrastructure Development Company Ltd (IDCOL). IDCOL issued a statement after carrying out an impact assessment on its pilot project […]
Biman to buy 3 Bombardier aircraft Star Business Report State-run Biman Bangladesh Airlines yesterday signed a deal with Canadian Commercial Corporation to buy three 74-seater new Bombardier Q400 turboprop aircraft. The aircraft will be delivered in March, May and June in 2020 under the government-to-government contract, said the Canadian High Commission in Dhaka in a […]