Newsletter-Vol 1-2019

COVID-19: COLLISION RISK AT CHITTAGONG PORT, BANGLADESH The width of the navigational channel of the Karnaphuli river varies from place to place. The propelling distance from the pilot ground at the outer anchorage to the main jetties of Chittagong port is approximately 11 nautical miles. In...

Special law to use underground space

[Source: http://www.tduk.org] [Source: the Financial Express BD] A move is underway to formulate a special law to use underground space going far below existing buildings for establishing subway network in and around Dhaka city. Sources said Bangladesh Bridge Authority (BBA) has taken the move as it has...

BIDA makes three more additions to its One-Stop Service portal

Investors seeking to do business in Bangladesh can now avail three more public services at the One-Stop Service (OSS) portal in the website of Bangladesh Investment Development Authority (BIDA). Previously, 18 information-related services were available, including 14 of the BIDA and ones of the Registrar of...

government is amending the BIDA Act 2016.

According to the draft act, individual or sole investment may also be allowed in state-owned entities. But the existing BIDA Act-2016 restricts individual or sole investment in the government entities. The BIDA just allows partnership investment in state entities and their adjoining unused land. The authorities...

Chinese firm to invest $300m to set up plasma fractionation plant

The good news on the economic front has started to roll in once again, with the latest being China-based Oryx Biotech's announcement to invest $300 million to set up a plasma fractionation plant in Bangladesh. The company yesterday inked the tripartite agreement with Summit Technopolis, a...

Govt set to approve new entry-exit point today

The government is set to approve today (Monday) a new entry and exit point for Bangladesh and Nepal's goods transit through railways, officials have said. Under the new arrangement, Rohanpur railway station in Chapainawabganj district will be added as another entry and exit point apart...

NRBs can now park their funds in FDR, DPS

Non-resident Bangladeshis (NRBs) can now keep their funds in the form of Fixed Deposit Receipts (FDR) and Deposit Plus Schemes (DPS) with local lenders following a central bank directive yesterday. Earlier, the NRBs were allowed to open savings or current accounts with banks but did...

All England Commercial Cases, Law Reports added to our library collection

Rahman's Chambers is delighted to announce that it added All England Commercial Cases, Law Reports to its library collections. This extremely important publication of LexisNexis will significantly help improving the quality of our legal research. All England Commercial Cases Volume Set 1999 All England Commercial Cases...

Chinese Yabang set to invest $300m

China's Yabang Group is set to invest $300 million in establishing textile and chemical industries in Bangladesh's economic zone, a top official said. The leading Chinese dye and paint manufacturer will establish industrial units on 100 acres at Bangabandhu Sheikh Mujib Shilpanagar (BSMSN), a flagship project...
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