Genex Infosys makes an agreement with Edotco to offer IOT services

July 13, 2021 | | Commercial, Investment

Summary:    Genex Infosys has entered into a three-year agreement with Edotco Bangladesh Company to arrange for 360-degree internet of things (IOT)-based security solutions, including monitoring and theft protection. This service agreement is estimated to produce approximately BDT240mn in revenue per year upon full rollout, added the disclosure. Content: Genex Infosys is a part of the IPE Group UK, a leading outsourcing provider of customer... Read More

ICC WSF announces chain expansion of the certificate of origin accreditation

June 20, 2021 | | Commercial, International

Summary:   The Bandar Abbas Chamber (Iran), Los Angeles Area Chamber (United States), sixteen New Zealand Chambers, and thirty-one Irish Chamber now will benefit from the use of ICC’s internationally-recognized Certificate of origin (CO) label with their newly established International status as accredited members of the Certificate of origin chain which was virtually approved by forty-seven CO experts from thirty-two countries... Read More

High Court Division Of The Supreme Court Of Bangladesh Determined Jurisdictional Court For Cases Regarding Article 138 Of The Negotiable Instruments Act 1881

March 31, 2021 | | Commercial

Summary: The Hon'ble High Court Division of the Supreme Court of Bangladesh has published circular no- 02-2021 dated 08-03-2021 determining the jurisdictional court for cases under article 138 of the Negotiable Instruments Act 1881. This concerns the landmark judgment in the last check case dated 18.10.2020. The judgment of the Hon'ble High Court ended the long-running discriminatory provisions in the... Read More

ICC published A Guide to Arbitration in the UAE

October 13, 2020 | | Commercial, International

Over the past ten to fifteen years, the UAE has moved to the forefront of arbitration in the MENA, having built a modern state-of-the-art arbitration infrastructure.  To consolidate its position as a leading arbitration hub, the UAE has seen the adoption of the Federal Arbitration Law, which entered into effect on 16 June 2018. This publication aims to shed light... Read More

Boeing Board Accused in Lawsuit of Lax Oversight During 737 MAX Crisis

September 28, 2020 | | Commercial, International

[ Source: The Wall Street Journal] Boeing Co. BA +7.23% ’s board is accused of failing to properly oversee management’s responses to two fatal 737 MAX crashes and the plane’s safety problems in a shareholders’ lawsuit that cites internal company documents. The suit, filed earlier this month in a Delaware state court, claims former Chief Executive Dennis Muilenburg misled what the plaintiffs portray as a... Read More

The British retail giant Debenhams filed for bankruptcy, which has about $69 million liabilities to its 35 Bangladeshi suppliers.

August 31, 2020 | | Commercial, International

Bangladesh's apparel exporters are updating the list of orders cancelled by western buyers amid the Covid-19 pandemic, after the US government assured them assistance in realising dues from American buyers. The assurance came at a virtual meeting of the United States-Bangladesh Trade and Investment Cooperation Forum Agreement Council on Wednesday. Responding to a query on Saturday, Bangladesh Garment Manufacturers and Exporters... Read More

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

August 12, 2020 | | Commercial

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 company of Summit Group, and the Bangladesh Hi-Tech Park Authority (BHTPA) for the country's... Read More

Govt set to approve new entry-exit point today

August 11, 2020 | | Commercial, International

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 from the exiting six such transit stations. Nepal will use the Singhabad railway station of Malda... Read More

Experts favour unity among RMG sector players

July 1, 2020 | | Commercial

Experts in a webinar on Monday urged garments owners and entrepreneurs in the ready-made garment (RMG) sector to forge unity among themselves at this hard time of the fast spread of Covid-19 pandemic throughout the globe. The webinar on Problems in Trade and Supply Chain was organised by Bangladesh International Arbitration Centre (BIAC). The webinar was aimed to discuss the possible... Read More

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