Trade

Chinese company to invest $27.8m in BEPZA EZ

Chinese company to invest $27.8m in BEPZA EZ

Dongfang Knitting (BD) Co Ltd is set to invest $27.8 million to set up a sock factory in BEPZA Economic Zone (BEPZA EZ) located at Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN), Mirsharai, Chattogram. Ali Reza Mazid, member (Investment Promotion) of BEPZA, and Fang Zhendong, managing director of D

Visa cards added to product list of Bengal Commercial bank

Visa cards added to product list of Bengal Commercial bank

Bengal Commercial Bank launched multi-currency debit, credit and pre-paid cards with advanced technology under the VISA network on Sunday at the head office of the bank in Dhaka, according to a press release. The 3D secured contactless cards with EMV Chip facility have lucrative offers for differe

Crystal Insurance Company holds its 105th board meeting

Crystal Insurance Company holds its 105th board meeting

The 105th meeting of the board of directors of Crystal Insurance Company Limited was held at the company’s corporate office in the Purana Paltan area of Dhaka on Sunday. Mr. Abdullah Al-Mahmud (Mahin), the chairman of the company, presided over the meeting held in the board room of the compa

Nagad now offers land in Dhaka on transactions

Nagad now offers land in Dhaka on transactions

Following a giveaway of a BMW last year mobile financial service provider Nagad has now come up with a never-seen-before offer for its customers to win land in Dhaka and many other exciting mega gifts worth Tk 200 million on transactions using this MFS. Every year Nagad dangles a plethora of excit


Ireland urged to set up special economic zone in Bangladesh

Ireland urged to set up special economic zone in Bangladesh

Bangladesh proposed that Ireland set up a Special Economic Zone (SEZ) in the country for investment by Irish companies, Prime Minister's Private Industries and Investment Adviser Salman F Rahman said on Monday. A memorandum of understanding (MoU) will also be signed to explore the investment oppor

BJMA seeks 30pc cash subsidy on machinery modernisation

BJMA seeks 30pc cash subsidy on machinery modernisation

The country's private jute millers sought a 30 per cent cash subsidy on machinery modernisation due to outdated units that expired decades ago. As a machine has a lifespan of 10 to 15 years, they claimed that roughly 80 per cent of the machines were purchased prior to independence (60 to 65 years

Gas crunch poised to ease with FSRU operation

Gas crunch poised to ease with FSRU operation

Gas supply across Bangladesh may increase next week as another private-sector floating LNG-regasification unit looks all but ready to resume operation after an overhaul, sources say about a respite from fuel crunch.    Summit LNG Terminal Co Ltd, a subsidiary of Summit Group, is exp

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