BGMEA POLLS: New panel demands election, not selection Star Business Report January 21, 2019 The Swadhinata Parishad, the third panel at the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), has called for an election instead of a selection method for running the trade body for the next two years. In recent years, with mutual understanding […]
$100b garment export possible by 2024 Tipu Munshi says as yarn and fabrics show kicks off Star Business Report January 24, 2019 Bangladesh will be able to export $100 billion worth of garment items by 2024 as the international apparel retailers are placing an increasing number of work orders, said Commerce Minister Tipu Munshi. “By […]
Govt to build 590MW plant in Anwara Star Business Report January 24, 2019 A consortium of Bangladesh and Japan is going to set up a 590-megawatt gas-based power plant at Anwara in Chattogram. The cabinet committee on purchase approved a Power Division’s proposal for the plant at a meeting at the secretariat yesterday, with Finance […]
Locally assembled electric cars to hit streets soon Jagaran Chakma January 24, 2019 Nitol Motors is set to come with a locally-assembled electric vehicle by next year, in yet another big stride for Bangladesh’s fledgling automotive industry. An electric vehicle uses chemical energy stored in rechargeable battery packs instead of fossil fuel to propel it. […]
Japan wants FTA with Bangladesh Says Kamal Star Business Report January 25, 2019 Japan has expressed its interest to sign a free trade agreement with Bangladesh, Finance Minister AHM Mustafa Kamal said yesterday. Hiroyasu Izumi, Japanese ambassador to Bangladesh, showed the willingness when he met with the minister at his secretariat office on Wednesday, according […]
BB to guard against inflation in first half Monetary policy to be announced today AKM Zamir Uddin January 30, 2019 KEY ASPECTS OF MPS Repo, reverse repo rates and CRR to be kept unchanged Prices to be kept in check as inflation may rise Disbursement of quality credit to be ensured to thwart loan scams […]
Food, hospitality expo begins Feb 14 Star Business Desk January 30, 2019 A three-day Food and Hospitality Bangladesh Expo 2019 will be organised in Dhaka starting February 14. Bangladesh International Hospitality Association (BIHA) and Wem Bangladesh Limited under the supervision of Bangladesh Parjatan Corporation will organise the fair at International Convention City Bashundhara. Around 70 […]
Ecnec okays 9 projects worth Tk 16,433cr Star Business Report January 30, 2019 The Ecnec in a meeting yesterday approved nine new and revised projects worth Tk 16,433 crore, with Prime Minister Sheikh Hasina directing that no structure could be built on haors and land which yields three crops a year. The meeting of the […]
Infrastructure loans to be cheaper: AIIB Star Business Report January 30, 2019 Bangladesh’s infrastructure borrowing costs will dip this year as lenders vie for a slice of the vast opportunities that the country’s fast-growing economy is presenting, said the Asian Infrastructure Investment Bank (AIIB) yesterday. The proclamation was made in the lender’s first publication styled […]
BB to crack down on habitual defaulters Wants amendment to laws, will hold meet with bank MDs and experts on Feb 6 AKM Zamir Uddin January 29, 2019 The central bank has moved to reform the existing acts to clamp down on habitual defaulters, whose tendency to go to courts to stall paying back loans […]