Business Desk : Bangladeshi company CartonCraft Limited is going to invest $2.51 million to set up a Packaging & Accessories manufacturing industry in BEPZA Economic Zone (BEPZA EZ). Bangladesh Export Processing Zones Authority (BEPZA) signed an agreement with the company to this effect at BEPZA Complex in the capital on Thursday. Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Syed Mohammad Hasan, Managing Director of CartonCraft Limited signed the agreement on behalf of their respective organizations. BEPZA Executive Chairman...
Day: February 3, 2024
UNB : Three people including a woman were stabbed by a municipal councillor and her followers in Sirajganj’s Kazipur municipal area on Tuesday, police said on Friday. The victims were identified as Abdus Samad, his wife Mina Khatun and brother Saiful Islam. Following the incident, a case was filed at Kazipur police station against four people including councillor Mina Khatun and her husband Zahurul Islam, confirmed Md Shahidul Islam, officer-in-charge (OC) of the station. According to the case statement, municipal...
UNB : A police officer was killed and his colleague was injured in a road accident on the Dhaka-Mymensingh Highway while on their way to Biswa Ijtema, the congregation of the Tableeghi Jamaat, from Manikganj to perform duty early Friday. The deceased Assistant Sub-Inspector (ASI) Hasan was posted at Manikganj district court while injured Sub-Inspector Amir Hamza is posted at the police control room of the police lines. Police said the duo was headed for the Ijtema grounds in Tongi,...
UNB : The government is preparing the next annual budget as contractionary aiming to reduce inflation rate and restore financial stability, according to an official document. The size of the budget is likely to be Tk8.05 lakh crore (8 lakh and 5 thousand crore), and the expenditure growth is being fixed at 8 percent, cutting from 10 to 12 percent of previous years. At the same time, the GDP (gross domestic product) growth target is also being lowered to 6.9...
Business Desk : The interest rate on bank loans in Bangladesh has gone past 12 percent as the reference rate has seen an increase, central bank data showed. The Six-months Moving Average Rate of Treasury bill (SMART), which is used to price the interest rate of loans, stood at 8.68 percent in January and it would be applied to fix the lending rates in February. As a result, customers may see an interest rate of as high as 12.43 percent...
Business Desk : United Power Generation & Distribution Company Ltd, one of the leading private power producers, continued to suffer from declining profits as losses resulting from high borrowing costs and foreign currency transactions are to blame. The listed company said its profit declined to Tk 278 crore in three months to the end of December, down 4 percent from Tk 289 crore a year ago....
Staff Reporter : The Hajj pilgrims are going to get four more days to complete their registrations by February 6...
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