A total of 254 industrial establishments have registered with the Bangladesh Investment Development Authority (BIDA) in the past three months through June. Among them, 220 are local enterprises, 19 are foreign-owned firms, and 15 are joint ventures. The combined proposed investments by these esta
The Bay Terminal, the flagship project of Chittagong seaport, will expand to include an oil terminal alongside the three terminals already designated in the master plan. This new addition will enable Bay Terminal to accommodate oil tankers at its fourth terminal, utilising its own jetties. Source
The Ethical Trading Initiative (ETI) -- a UK-based tripartite body championing labour rights in global supply chains -- called on buyers to adjust expectations and purchasing practices to accommodate the exceptional circumstances in Bangladesh caused by the anti-quota movement. Due to the ongoin
Investors are ditching some of this year's favourite trades as a retreat in the glitzy megacaps has snowballed into a multi-pronged selloff that has hit everything from cryptocurrency to gold, and made calling the market's next move ever more complex. Shares on Wall Street on Wednesday suffered th
Problems in the highly competitive US car market including weak prices, high inventories and difficult logistics dented profits and hit shares of automakers Stellantis (STLAM.MI) and Nissan (7201.T) on Thursday, as they scramble to find a fix. Shares in Milan-listed Stellantis were down nearly 9 p
Local administration has extended the ban on netting fish on the Kaptai Lake for 15 days more to boost production. Rangamati Deputy Commissioner Mohammad Mosharraf Hossain Khan said a decision will be taken to lift the ban on August 8. Earlier, the local administration imposed a three-month ban o
The supply of essential commodities including rice, vegetables and spices was seen getting normal at different city markets in the last two days following the extension of curfew that was imposed on July 20 in view to bring widespread violence under control erupted from the student protests from Ju
Dhaka Regency Hotel & Resort has announced its exclusive wedding offers for the upcoming wedding season. The hotel offers a variety of wedding packages that cater to all kinds of weddings, from intimate gatherings to grand celebrations, according to a media release. Couples can choose from
IFIC Bank PLC has launched 'IFIC Islamic,' a shariah-compliant full range of Islamic banking services, aiming to offer comprehensive Islamic financial solutions alongside its conventional banking services. The official inauguration of 'IFIC Islamic' took place on Thursday, July 25, 2024, at the mu
Bangladesh Bank on Wednesday lent banks and financial institutions (FIs) around Tk 250 billion, the central bank said in a press release on Thursday. The move comes as banks and FIs faced huge cash withdrawals on the reopening day following five days of closures and internet interruptions. Sharia
