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 of the Bangladesh Economic Zones Authority (BEZA). "We've received an investment proposal from Yabang Investment... Read More
India has excluded Bangladesh from the trade restrictions imposed lately on the countries sharing land border with it. As per an order, any bidder from countries sharing land border with India will need registration and permission from several agencies to bid in any procurement whether of goods, services or works (including turnkey projects). Political and security clearance from the Ministries of... Read More
TThe Climate Pledge Fund, started with $2 billion in funding from Amazon, will support the development of sustainable technologies and services that will enable Amazon and other companies to meet The Climate Pledge—a commitment to be net zero carbon by 2040. Last year, Amazon and Global Optimism co-founded The Climate Pledge, a commitment to reach the Paris Agreement 10 years... Read More
The government of Bangladesh has prepared a dredging master plan to dig a total of 10,000 km of rivers to enhance their navigability facilitating water transportation. State minister for shipping Khalid Mahmud Chowdhury said about 178 rivers will be dredged in the next five years. Bangladesh Inland Water Transport Authority (BIWTA) and Bangladesh Water Development Board will jointly dredge the rivers... Read More
Dredging at Karnaphuli River, where the Chittagong seaport is situated, is seriously hampered due to the presence of huge plastic materials, including plastic bottles and polythene bags, in the riverbed. The ongoing capital dredging work is thus facing massive disruption, which the Chittagong port officials find as a threat to the navigation of large vessels. Port officials are now maintaining a... Read More
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
