Safety Garments Bangladesh Co Ltd, a Chinese company, is set to invest $12.25 million in the Mongla Export Processing Zone (Mongla EPZ) to establish a high-end garments manufacturing industry.

He will succeed Erik Aas, who is stepping down after nine years at the helm

The election took place during BAPI's 54th annual general meeting on March 15, according to a press release. 

Plan also in place to consider cotton as an agricultural product

He will buy 5.93 lakh shares from a sponsor of the same company

Sri Lanka has expressed its willingness to invest in joint ventures in Bangladesh, particularly in synthetic fabric manufacturing, which holds significant potential for investors from both nations, Sri Lankan High Commissioner to Bangladesh Dharmapala Weerakkody said yesterday.

The Bangladesh Bank has embarked on a series of banking reforms with quiet determination. Most recently, it has tightened regulations regarding dividend payouts by scheduled banks, exemplifying the strategy of seizing low-hanging fruit in the pursuit of structural reforms.

The decision follows a visit by several top Chinese solar panel manufacturers in December to explore investment opportunities after Chief Adviser Professor Muhammad Yunus invited Chinese firms to relocate their manufacturing plants

The expansion is expected to enhance production efficiency and meet the growing demand for home appliances in Bangladesh.

The electronics and home appliance sector in Bangladesh is facing one of its most challenging periods in recent years due to inflation, currency devaluation and declining consumer spending on non-essential items.

Owners of private inland container depots (ICDs) have revised tariffs for three types of services related to handling containers to and from Patenga Container Terminal, a privately operated terminal of Chattogram port.

Banks in Bangladesh saw slower deposit growth last year mainly due to high inflation, the people’s confidence crisis regarding some banks and a crackdown on money laundering, according to officials of the country’s central bank.

The Bangladesh Bank (BB) yesterday extended an additional Tk 2,500 crore in emergency liquidity support to Social Islami Bank and First Security Islami Bank without any security to help them address financial crises.

A majority of banks in the country will likely be unable to pay dividends after the Bangladesh Bank tightened the relevant rules through a notice today

The tax will now be 5% from the earlier 10%

Doreen’s share price falls

No worker will be terminated before the Eid festival, according to a tripartite meeting held Wednesday

The DSEX rose 0.27% to 5,230 points as of 11:28am

In order to reform the insurance sector, it is important to strengthen the Insurance Development and Regulatory Authority (Idra), according to Idra Chairman M Aslam Alam.

The government yesterday received a huge response from investors centring its initiative to raise Tk 3,000 crore through sukuk, a Shariah-compliant bond, to fund the construction of bridges to connect rural roads.