Dhaka to host four global tradeshows from January 24

Four international tradeshows will begin on January 24 in Dhaka with participation of nearly 450 companies from more than 24 countries. These tradeshows will be held at International Convention Centre Bashundhara in Dhaka. The 17th edition of GARMENTECH Bangladesh 2018,...

The World Bank has imposed fresh sanctions on SMEC, a company owned by Subana Jurong for improper buddings and kickback. SMEC will no longer be allowed to do development work in Bangladesh, India and Sri Lanka for as long as two and a half years. SMEC subsidiaries are under investigation for misrepresentation in bids put in for aid work. In September the World Bank made an announcement from Washington D. C. concerning the debarring of Melbourne-based SMEC International, along with four of its subsidiaries in Bangladesh, India and Sri Lanka. The company had been under investigation for misconduct in this region. This debarment removes the companies’ eligibility to receive contracts funded by the World Bank, with sanctions ranging from six...

US oil output likely to top Saudis, Russia

US oil production is booming and is forecast to outpace that of heavyweight Saudi Arabia and rival Russia this year, a global energy agency said Friday. The International Energy Agency said in its monthly market report that US oil production,...