GP logs record profit January 29, 2019 Star Business Report Grameenphone logged a record Tk 3,520 crore profit last year, its highest to date, driven by significant growth in voice and data revenue. The profit is 28.47 percent higher than what the largest mobile phone operator in the country posted a year ago. This led […]
EPZ labour law gets final nod from cabinet January 29, 2019 Star Business Report. The cabinet yesterday gave the final approval to amendments to the Bangladesh EPZ Labour Act, which relaxed the labour law for the export processing zones to ensure better rights for workers employed in factories housed inside the special industrial parks. The […]
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$100m BIMSTEC dev fund on the cards FE Report | October 11, 2018 00:00:00 The member states of regional trade bloc BIMSTEC are set to establish a fund for research, planning and financing development projects. At the initial stage, officials have said, the fund styled ‘BIMSTEC Development Fund (BDF)’ will be worth $100 million. The fund […]
Khulna-Mongla rail project under Indian LoC limping Mir Mostafizur Rahaman The slow implementation of the Khulna-Mongla rail connectivity project, one of the top priority schemes under the Indian Line of Credit (LoC), raises concern among the stakeholders. The latest review of the Tk 38 billion (3800 cr) project by both Indian and Bangladesh side […]
Japan’s Sojitz in $500m tie-up with Energypac It eyes investment in energy, infrastructure Jagaran Chakma Sojitz Corporation, one of the leading business groups in Japan, is keen to make massive investment in Bangladesh’s energy and infrastructure sectors and industrial park. It has already teamed up with Energypac Power Generation Ltd, a local conglomerate, and is […]
ECNEC approves record number of projects worth Tk 325.25b Mega fertiliser factory to be set up at Ghorashal FE Report The government approved on Tuesday a record number of 20 development projects at a total cost of Tk 325.25 billion ahead of the national election. Presided over by Prime Minister Sheikh Hasina, the Executive Committee […]
28pc banks not ready to thwart large-scale cyber attacks More than two-thirds of banks faced at least one attack last yr FE Report Some 28 per cent of the banks operating in the country are not prepared to thwart possible large-scale cyber attacks. On the other hand, 34 per cent of the banks are […]
Cambodia raises minimum wage for garment workers by $12 Afp, Phnom Penh Cambodia hiked the monthly minimum wage for garment workers by $12 Friday from the current $170 following an election promise by premier Hun Sen. The country’s $7 billion apparel industry is fuelled by more than 740,000 garment workers, who strongman Hun Sen attempted […]
Post offices to make e-commerce delivery Star Business Report Bangladesh Post Office will deliver parcels for online marketplaces to all parts of the country from now onwards, in a development that can be viewed as a shot in the arm for the e-commerce players. “The post office has the largest delivery platform and e-commerce entrepreneurs […]