Bangladesh
Bangladesh
IFC invests $22.7m in BD’s Hamza Textiles
Industry Desk: International Finance Corporation (IFC) has invested $22.7 million in Hamza Textiles Limited (HTL), a dyeing and finishing company of Dulal Brothers Ltd. (DBL) Group here aims to improve global competitiveness for Bangladesh’s ready-made garments (RMG) sector.The financing will help build a new factory with advanced and resource- efficient…
Read More »PM urges countrymen not to waste food
Staff Correspondent: Prime Minister Sheikh Hasina yesterday urged allnot to waste food saying food was being wasted in many countries while manynations were suffering from food shortage.“Don’t waste food,” she said in a virtual address from her officialGanabhaban residence coinciding with the World Food Day stressing the needfor finding ways…
Read More »20 yrs plan to increase gas extraction locally
Staff Correspondent:Keeping 2041 in mind, the state-owned oil and gas exploration company Bapex has undertaken a 20-year future plan for further natural gas extraction to ensure energy security in the country.“The government has decided to dig wells going deep layer as the shallow reserves of many gas fields have dwindled.…
Read More »Asia accounts over half of the global hungry
Industry Report: When you tuck into your next meal, spare a thought for those going hungry on World Food Day across Asia today.Asia accounts for the bulk of people who are undernourished around the world today, with 418 million people making up over half of the hungry mouths worldwide.The majority…
Read More »Local representatives must resist those who inflame violence: Tazul
Staff Correspondent: LGRD Minister Tazul Islam has called on local public representatives to be alert and stand strong against those who would seek to destroy communal harmony.“I am making a call to all public representatives at the city corporation, municipal, upazila parishad, district parishad and union parishad level, and all…
Read More »Bangladesh economy rebound in 2021 by V-Shaped recovery
Industry Desk: Dhaka Chamber of Commerce and Industry(DCCI) has expected that Bangladesh’s economy will rebound in 2021 propelled by V-Shaped recovery.A V-shaped recovery is characterised by a quick and sustained recovery in measures of economic performance after a sharp economic decline.DCCI President Rizwan Rahman said despite COVID-19 stress, Bangladesh has…
Read More »Energy crisis prompts Asia to turn to US
Industry Desk: Asian demand for US oil is rising as the energy crisis boosts prices for other crudes that are priced against the global Brent futures contract.China and other Asian buyers have been snapping up supertankers of American sour crudes for delivery in November and seeking more for December, according…
Read More »Skilled manpower crisis hits industries
No int’l standard training center Golam Mostafa Jibon: Production of industrial sector is being hampered drastically due to lack of skilled and efficient manpower causing a bad impact on the export trading.According to the sources, the industrial sector needs about 23 lakh skilled workers every year. But,such number of skilled…
Read More »13,500 become new millionaires during pandemic in Bangladesh
Staff Correspondent: Some 13,881 people have entered the list of millionaires in Bangladesh over the last one year despite the Covid-19 pandemic, says Bangladesh Bank.According to the latest central bank data, the number is 16% more than the same period of last year.After June last year, the number of millionaire…
Read More »Low-income group affected for commodity price hike
Industry Desk: Milk tea Tk7, black tea Tk6 – says a sign at a tea shop opposite a school in the Eskaton Garden area in the capital.Asked why she has increased the prices, shop owner Jasmine Akhter, 40, promptly replied: “The price of tea leaves has gone up from Tk360…
Read More »
Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
