Go for rooftop solar panels to raise power output Experts urge factory owners Star Business Report Factories should make the best use of their rooftops by installing solar panels to get power for their own consumption and for the national grid, experts said yesterday. The cost of electricity generation will be much lower than that […]
Apparel benefitting from US-China trade war Refayet Ullah Mirdha Bangladesh’s garment sector is turning into a beneficiary of the US-China trade war as American retailers are placing more work orders, but other sectors, such as jute and leather goods, are yet to see an uptick in fortunes. Though China is by far the world’s biggest […]
Bangladesh, Nepal to work together for power sector development UNB, Kathmandu Bangladesh and Nepal have agreed to enhance trade and investment between the two countries as well as cooperate with each other for the development of the power sector. The consensus came at a bilateral meeting held between Bangladesh Prime Minister Sheikh Hasina and her […]
IT firms seek time to relocate They want to stay in non-commercial areas as tech parks are not ready Star Business Report IT firms yesterday requested the government to allow them to continue their operations in non-commercial areas until the country’s software technology parks are ready. The Bangladesh Association of Software and Information Services (BASIS) […]
Pharma winning global markets Exports cross $100m mark Jagaran Chakma Pharmaceuticals export has crossed $100-million mark for the first time in the country’s history, according to the Export Promotion Bureau. Export earnings from the sector hit $103.46 million in 2017-18, up 16.03 percent from a year ago thanks to improved compliance by the local manufacturers. […]
Nestle, Starbucks wrap up $7.15b licensing deal Reuters, Zurich Nestle and Starbucks said on Tuesday they had concluded their licensing deal for the Swiss food giant to market the US coffee maker’s packaged coffees and teas around the world. The $7.15 billion deal grants Nestle perpetual rights to sell Starbucks products such as Starbucks, Seattle’s […]
Export to cross $60b by 2021: Tofail Star Business Report angladesh’s export figure will cross the $60 billion mark by 2021 thanks to the presence of high quality diversified products in the export basket, Commerce Minister Tofail Ahmed said yesterday. Bangladesh shipped only 25 kinds of products worth Tk 787 crore in 1972, just after […]
Police to get banking license Star Business Report Bangladesh Bank has decided to give approval for one more commercial bank to be set up despite opposition from different corners. The central bank’s board yesterday settled on giving Bangladesh Police Welfare Trust the go-ahead to take required procedural measures to set up the company for the […]
Profits jump before listing, fall afterwards Firms show inflated earnings figures during IPOs Ahsan Habib The earnings of 19 out of the 21 textile companies that got listed on the Dhaka bourse between 2010 and 2015 have fallen sharply from the level shown during the initial public offerings. What is more, four of these companies […]
China’s Foton to assemble vehicles in Bangladesh Star Business Report Foton Motor, a Chinese vehicle manufacturer, will set up a plant in Bangladesh by next year to assemble commercial vehicles, a top official of the company said yesterday. “The market for commercial vehicles in Bangladesh is very potential as the demand is increasing in line […]