ADB doubles commitment for next three years Rejaul Karim Byron The Asian Development Bank is ready to lend $8.01 billion to Bangladesh over the next three years, almost the double the amount it had committed in the previous three years. Between 2015 and 2017, the Manila-based multilateral lender committed $4.08 billion. The ADB has […]
Apparel to gain from Sino-US trade row Bangladesh will be a China-alternative for US brands: survey Star Business Report The ongoing trade war between the US and China will be beneficial for Bangladesh’s garment sector as the American brands will place more work orders here to branch out their sourcing, according to a new […]
Tk 1 lakh for each project Jagaran Chakma Some 64 projects, many of which are important infrastructure ones, got just Tk 1 lakh each this fiscal year in a bizarre move by the government that has presented its most expansive development budget yet of Tk 1.80 lakh crore. People do not benefit from these […]
Be proud of your garment sector Says outgoing Dutch ambassador Star Business Report Bangladesh should be proud that the country has some of the world’s best garment factories, said the outgoing Dutch ambassador in Bangladesh Leoni Cuelenaere yesterday. Currently, the country has 73 green factories certified by the US Green Building Council and 320 are […]
NBR thwarts solar energy march Sohel Parvez New and ongoing green energy initiatives are set to face spiralling costs in the wake of the shock imposition of value-added tax on the import of solar panels from this fiscal year. The National Board of Revenue has slapped a 5 percent advance income tax (AIT), 5 percent […]
Access to electricity rises to 90pc: BPDB Star Business Report Some 90 percent people in Bangladesh have come under the electricity network, way higher than 47 percent nine years ago, said Bangladesh Power Development Board (BPDB) yesterday. In a statement, the state-run agency said the number of power plants went up to 121 now from […]
Govt to renovate 550 food silos Star Business Report The Executive Committee of the National Economic Council (Ecnec) yesterday approved six projects of Tk 2,920 crore, including one to renovate 550 food silos. Under another project, a new design would be used for a planned permanent exhibition centre in Purbachal to hold the annual Dhaka […]
Singapore keen to invest in financial sector Star Business Report A high-powered business delegation from Singapore yesterday showed keen interest to invest in the banking and financial sector as it offers immense growth potential. “There is business potential for foreign banks in Bangladesh and a few international banks already operate here,” said Teo Siong Seng, […]
Bicycle-rental startup JoBike plans big Muhammad Zahidul Islam Bicycle-rental service JoBike, which would allow riders to rent a bike from one’s smartphone, is set to roll out operations within the next three months at public universities with a view to providing economical and environment-friendly mode of transport for students. Initially, the startup plans to run […]
11 listed firms remain traceless Ahsan Habib Eleven companies listed on the Dhaka Stock Exchange have made off with at least Tk 42.19 crore of investors’ money, in what can be described as a stunning instance of swindling. Neither the capital market regulator nor the DSE has taken any step to trace the companies and […]