ADB to give $357m to develop two power lines Star Business Report The Asian Development Bank (ADB) has approved an assistance package of over $357 million for a project to develop two power lines to help Bangladesh reach its national goal of ensuring electricity for all by 2021. The investments comprise a $350 million ADB […]
Local pharma market set to hit $5.11b by 2023 Star Business Report Bangladesh’s pharmaceuticals sector will grow 15 percent year-on-year to reach $5.11 billion by 2023, propelled by high investments by local companies as they seek to grab a bigger share of the global market, said a new study yesterday. By 2022, the market size […]
Five eminent persons get Mercantile Bank awards Star Business Report Five personalities were honoured on Saturday with the Mercantile Bank Sommanona- 2018 awards for their outstanding contribution to the country in their respective fields. Commerce Minister Tofail Ahmed handed the awards at a ceremony at Sonargaon hotel in Dhaka. Veteran poet Nirmalendu Goon was awarded […]
Conservation farming on 10pc land can save Tk 1,200cr a year Star Business Report Bangladesh can get 737,000 tonnes of rice and other cereals and save over Tk 1,200 crore a year by adopting a farming system called Conservation Agriculture (CA) on 10 percent of its cultivable land, according to a recent study. Adoption of […]
Bangladesh seeks big Indian investment in 13 sectors Pallab Bhattacharya Bangladesh has identified 13 sectors where it is seeking ‘mega investment’ from India in joint venture projects. The sectors include agro-processing, automobiles, ceramics, chemicals, gems and jewellery, light engineering, ICT, hospital and medical equipment, pharmaceuticals, and textiles. Syed Muazzem Ali, Bangladesh’s high commissioner to […]
16 firms get nod Sohel Parvez The government has given the approval to 16 firms to bring vessels to catch tuna and pelagic fishes beyond the 200-metre depth of the Bay of Bengal and in the international waters, said officials of the Ministry of Fisheries and Livestock. Of the 16, nine got the permission to […]
Bangladesh has stable economic outlook Three rating agencies arrive at same verdict Star Business Report Bangladesh has held on to its stable credit profile from three global rating agencies, in what can be viewed as an endorsement of the way the central bank and the government are steering the economy. For the ninth year in […]
Prefabricated steel to herald a new era Expert says at International Seminer Star Business Report Innovative use of prefabricated steel may help start a new era in Bangladesh’s infrastructure sector, experts said yesterday. Local technology and product of prefabricated steel can bring a significant change in the shape of structures in the country, said […]
Adopt efficient management practices in apparel: PwC Star Business Report The apparel industry in Bangladesh needs to adopt efficient management practices to improve productivity and efficiency to increase its global competitiveness, experts said at a programme yesterday. “The ecosystem needs to undergo a transformation today,” Mamun Rashid, managing partner of PwC Bangladesh, said at […]
UK wants to invest in infrastructure Says British PM’s Trade Envoy to Bangladesh Rushanara Ali Unb, Dhaka The United Kingdom wants to invest in a big way in Bangladesh to help achieve its middle-income country status saying the next generation of British Bangladeshis can make the difference with their cemented ties with Bangladesh, […]