BGMEA ELECTION New panel protests attack on leaders Star Business Report Swadhinata Parishad, a candidate panel of the upcoming election of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), staged a protest yesterday alleging an attack on their leaders by supporters of other panels. “Some people from the BGMEA attacked our leaders and officials while […]
14 banks see unusual rise in default loans AKM Zamir Uddin Default loans in 14 banks surged abnormally in 2018 — in a development that will weaken the country’s banking sector further. Experts and bankers attributed the sector’s declining health to the poor lending practices and politically-influenced loans, calling on the government and the central […]
London remains top destination for European tech funding Reuters, London London remained the top destination in Europe for technology investment in 2018, with nearly double the amount being plowed into companies in the British capital than nearest rival Berlin, data showed on Wednesday. Technology companies in London attracted 1.8 billion pounds ($2.3 billion) in venture […]
Bangladesh biggest textile machinery market for China Four-day expo begins in Dhaka Refayet Ullah Mirdha Bangladesh will continue to grow as a major textile machinery market as local textile millers are expanding business riding on higher demand for garment items from international consumers, industry people said yesterday. Local fabrics makers, textile millers, spinners and garment […]
Create more jobs for youths President asks businessmen as DITF kicks off Bss, Dhaka —————- President M Abdul Hamid yesterday urged the business community to come forward to create more job opportunities for the country’s youths. “Thousands of meritorious youths come out successful every year with higher studies…it is urgent to create job opportunities for […]
‘Chinese loan won’t be debt trap for BD’ Five loan deals, three MoUs to be signed during PM’s visit to China, Foreign Minister A Momen tells media Chinese loan will not be a debt trap for Bangladesh as the country examines the feasibility of the loan project cautiously, foreign minister Dr AK Abdul Momen […]
Second LNG terminal to start operations in March Reuters, Singapore/Dhaka January 17, 2019 Bangladesh’s second liquefied natural gas (LNG) terminal is expected to start operations in mid-March though domestic pipeline constraints mean it will be unable to fully supply gas demand to the country’s capital Dhaka. Summit Corp, a subsidiary of Bangladesh’s Summit Holdings, and […]
Govt to go for third submarine cable Robi tests VoLTE service Stat Business Report January 17, 2019 The government has decided to connect Bangladesh with a third submarine cable to meet the demand for rapidly growing data consumption, Telecom and ICT Minister Mustafa Jabbar said yesterday. “More and more new technologies are hitting the market, […]
Star Business Report Plastic goods manufacturers yesterday demanded establishment of a special industrial zone so that they can relocate the unplanned plastic factories that are based in Old Dhaka. At present, there are about 1,200 plastic factories in the oldest part of the capital, most of which are unauthorised, according to industry insiders. “We have […]
Motorbike market to race faster in 2019 Sohel Parvez and Ahsan Habib January 20, 2019 The motorcycle market is set to be around 6 lakh units by the end of 2019 thanks to price cuts, increasing purchasing capacity and thrust for faster mobility. “2018 was a good year for the sector but 2019 will be better,” said […]