Corporate
Corporate
Many textile mills in BD investing in synthetic and blended yarns
The rise of MMF Industry Desk: As demand for MMF-based apparel items keeps increasing in the global market, more and more textile mills in Bangladesh are investing in synthetic & blended yarns to support garment makers who look to move up the value chain by making MMF-based, value-added products to…
Read More »Rebased GDP increases per capita income by almost 16pc
Per capita income now $2554 with new base year as 2015-16 Staff Correspondent: Bangladesh’s per capita income has increased to $2554 (USD) from $2227, a jump of nearly 16 percent, thanks to a new base year for calculating the country’s gross domestic product (GDP).The government recently finalized 2015-16 as the…
Read More »Policy support instrumental for renewable energy development: Experts
Staff Correspondent: Speakers at a webinar have urged the government to set the renewable energy as a priority sector to scale up its use saying that policy support is instrumental for its development.“There’re huge potentials for renewable energy, especially solar power, for different sectors, including irrigation, and motor vehicle recharging,”…
Read More »Market capitalization decreased by Tk 22,000cr in October
Staff Correspondent: The country’s stock market witnessed backlash last month. As a result, the market capitalization decreased by Tk 22,019 crore. At the same time, all the price indexes and transactions also decreased.This information has been revealed after the transaction review.According to the data, in the last month of September,…
Read More »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 »Tk 850 cr revolving fund for capital market in the offing
Staff Correspondent: The government has planned to create a Tk 850-crore revolving fund for five years to invest it in the capital market and utilize it during any crisis to keep the market stable.Sources at the finance ministry said the Bangladesh Security and Exchange Commission (BSEC) sent a proposal to…
Read More »Country’s e-commerce turns into digital trap
Golam Mostafa Jibon : As the e-commerce is gaining popularity and dependency across the world, it has now turned into a digital trap for Bangladeshi people due to continuous fraudulent activities by some e-commerce entrepreneurs.Lack of proper monitoring and appropriate law in this regard is the main reason behind the…
Read More »No step to bring back siphoned money
PK Halder scam Golam Mostafa Jibon:Though, the Anti-Corruption Commission (ACC) with the directive of Metropolitan Session Judge and Senior Special Judge Court in Dhaka has issued a notification for attachment of the immovable wealth worth at around Tk 161.58 crore belonging to Proshanta Kumar Halder alias PK Halder, also former…
Read More »Another customer files case against Evaly Chairman, MD
Staff Correspondent: Another customer of e-commerce companyEvaly yesterday filed a case against its chairman Shamima Nasrin and her husbandand company Managing Director (MD) and Chief Executive Officer (CEO) MohammadRassel. One Md Mujahidur Rahman pleaded to accept his case with the court of Dhaka Metropolitan Magistrate Devdas Chandra Adhikari after not…
Read More »Evaly CEO remanded again, wife lands jail
Court Correspondent: A Dhaka Court yesterdayplaced Evaly CEO Mohammad Rassel on a one-day remand in a case filed with Dhanmondi Model Police Station on charge of embezzlement and fraudulence.Additional Chief Metropolitan Magistrate Hasibul Haque passed the order when police produced him before the court after completion of his three-day remand…
Read More »
Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
