UNB, Dhaka : French Ambassador to Bangladesh Marie Masdupuy on Wednesday said the interim government’s agenda to fight corruption would be a “key enabler” to further enhance trade and investments in Bangladesh, as many were facing hurdles with customs and investment authority. She said French firms were interested in setting up three solar parks in Bangladesh and installing “lightning arresters” in 15 lightning-prone districts in the country France is ready to support Chief Adviser Professor Muhammad Yunus and the Interim...
Business Report : The former president and general secretary of the Bangladesh Jeweller’s Association (Bajus) called for the dissolution of the current board of directors, led by Bashundhara Group Managing Director Sayem Sobhan Anvir, and the appointment of an administrator. They made the call at a press conference held at Baitul Mukarram Market on Wednesday (28 August). During the press conference, former Bajus President Enamul Haque Khan criticised the formation of an election commission, which violated the association’s constitution and...
Business Report : A Chinese company, DC Industry (Bangladesh), is going to invest US$ 5.36 million to set up a “Bag & Wallet” manufacturing plant in BEPZA Economic Zone (BEPZA EZ) at Mirsharai, Chattogram. This foreign owned company will produce 2.5 million pcs of handbags, 1.5 million pcs of backpacks and one million pcs of wallets annually, as 2,990 locals will get jobs in the factory, said a press release of Bangladesh Export Processing Zones Authority (BEPZA) on Wednesday. The...
Business Report : After witnessing a downward trend in the last session, stocks on Wednesday rebounded in the Dhaka and Chittagong stock exchanges as investors remained active on sector-wise issues. After witnessing volatility, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 70.93 points or 1.25 per cent to settle at 5,756.71. Two other indices also ended higher with the DSE 30 Index, comprising blue chips, rose 30.46 points to finish at 2,117.92 and the DSE...
Business Report : The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has provided food items and relief materials to the students for distributing those among the flood-hit people of the country. A delegation of the FBCCI handed over the food items and relief materials to the students at the Teacher-Student Centre (TSC) of Dhaka University (DU) on Tuesday night for distributing those among the flood-affected people in Cumilla, Noakhali, Feni and Chattogram districts. The items include dry foods,...
Business Report : Bangladesh Economic Zones Authority (BEZA) has inked a land lease agreement with Sim Fabrics Limited. .Under the...
Business Report : A group of members of the Bangladesh Jewellers’ Association (Bajus) has demanded dissolution of the existing board and the appointment of an administrator for the association. They also demanded holding an election to choose people in the leadership roles of the Bajus through the votes of the general members. They made the call at a press conference held at its old office at Baitul Mukarram Masjid market in Dhaka on Wednesday. The jewellers came up with the...
Business Report : Former senior District and Sessions Judge Md Ali Akbar has been appointed as a commissioner of the Bangladesh Securities and Exchange Commission (BSEC). Ali Akbar has been appointed as commissioner of the stock market regulator with a four-year term, according to a notification issued by Financial Institutions Division (FID) on Wednesday.His salary and other benefits will be determined by the terms outlined in the employment contract with the government, reads the notification. BSEC’s five-member commission requires a...
Business Report : Beximco Pharmaceuticals Ltd has stated that it is unaware of any specific reasons behind the recent decline...
Business Report : The interim government has decided to sell 52 luxurious cars imported by former members of the now dissolved 12th Jatiya Sangsad, finance and commerce adviser Salehuddin Ahmed said on Wednesday. The cars are yet to be released from ports, the adviser told journalists after a meeting with businessmen at the Bangladesh Secretariat. The government will collect customs tax by selling these cars, which were imported before the ouster of the Awami League-led government earlier this month. The...