Bangladesh

Industry Desk: Primary textile millers yesterday urged the woven and knit garment makers to buy yarn from the local markets by opening back to back letters of credit (LCs) to reduce stockpiling of unsold yarn and to preserve the US dollar in this crisis period.The textile millers also demanded the…

Luxury investment plans Mahfuz Emran: At present, the power generation capacity in the country is 23 thousand 482 MW. The target of increasing it to 111,138 MW in 2050 has been set in the draft of the proposed ‘Integrated Energy and Power Master Plan (IEPMP) 2023’. That is, production capacity…

Staff Correspondent: Prime Minister Sheikh Hasina yesterday said Bangladesh doesn’t want any more conflict rather it wants to improve the quality of people’s lives.“We don’t want any more unrest and conflict. We want to improve the quality of people’s lives. And we always wish it,” she said.In this regard, Sheikh…

Industry Desk: The Japan International Cooperation Agency (JICA) has reported that during the Japanese Fiscal Year 2022, spanning from April 2022 to March 2023, both its commitment and disbursement have reached the second highest levels since its ODA loan support in Bangladesh began in March 1974.For the said FY, JICA…

Staff Correspondent: In an effort to increase the production of Aman paddy, the government has taken a decision to provide Tk 33.20 crore incentive to 4.90 lakh to small and marginal farmers across the country, said the Agriculture Ministry.Under the scheme, a farmer will get five kgs of seeds of…

Staff Correspondent : Four state-owned banks Sonali, Janata, Agrani and Rupali are taking over huge distressed loans of Navana, one of the country’s leading industrial groups, which is on the brink of bankruptcy. The group has such loans to 20 non-banking financial institutions (NBFIs) of around Tk 950 crore.By doing…

2 lakh workers reach Malaysia, 2.25 lakh awaited Industry Desk: Around two lakh Bangladeshi workers have reached Malaysia as of May 26, while the applications of around 2,25,000 new workers are currently undergoing processing.The Bangladesh High Commission in Kuala Lumpur came up with the development through a press release issued…

Industry Desk: China has expressed keen interest in establishing agricultural machinery factories, agro-industrial parks for agricultural processing, and agricultural technology cooperation centers for training scientists and conducting joint research in Bangladesh.China’s ambassador Yao Wen presented these proposals during a meeting with Abdur Razzaque, who is also a presidium member of…

Offer to go abroad spending Tk 7.53 cr Staff Correspondent: A team of 20 officers will go abroad for educational tour and learning flower cultivation. For this, the proposed expenditure is Tk 7.53 crore. Such a proposal is made in the project to set up flower research center. However, the…

Rajshahi Bureau: Experts at a view-sharing meeting unanimously mentioned large-scale promotion of Small and Cottage Enterprise (SME) can be the effective means of bolstering economic conditions besides accelerating the income generation and poverty alleviation in the region.Both public and private banks should disburse more loans among SME entrepreneurs, particularly women…