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BD having Malaysia’s Proton eyes car plant

Malaysian automobile company Perusahaan Otomobil Nasional Sdn Bhd, widely known as Proton, hopes to open a production plant in Bangladesh soon, creating employment opportunities for Bangladeshis. Former Malaysian prime minister and newly-appointed Chairman of Proton Mahathir Mohamad disclosed the information at a meeting with Prime Minister Sheikh Hasina in Kuala Lumpur yesterday. Mahathir was making […]

Apparel exports to US divert from Bangladesh

Bangladeshi apparel products are losing edge in the US market to its competitors namely Vietnam, Cambodia, India and Indonesia, as buyers cut back their orders over safety and compliance issues imposed after Rana Plaza tragedy and Tazreen Fashions fire incident. The declining trend is apprehended to be continued in the months to come unless measures […]

President wants more Bangladeshi products in China

President Abdul Hamid on Saturday sought further concession for the access of Bangladesh products to China and greater Chinese investment in Bangladesh, aiming to address the trade imbalance between the two countries. The President said this in a bilateral meeting with his Chinese counterpart Xi Jinping held at the Great Hall of the People. “We’re […]

Savjhibhai Dholakia: India’s most Generous Boss

Savjhibhai Dholakia’s extraordinary gesture of generosity is making other bosses look very bad. The diamond merchant from Surat in Gujarat has given 1,200 of his workers new cars, two-bedroom flats and jewelry as a Diwali bonus. “We gave apartments to 207 employees, cars to 491 and jewellery to 500 employees. This is not a big […]

Bangladesh hopeful about UAE’s manpower recruitment

The government looks very optimistic about the resumption of manpower recruitment from Bangladesh by the United Arab Emirates (UAE) withdrawing its all restrictions in this regard and signing fresh deals. Bangladesh has already got a positive signal from the UAE, the second largest manpower destination for Bangladesh after the Saudi Arabia with around 10 lakh […]

Frozen food sector target not fulfilled

The country’s frozen food sector, which is contributing a lot to earn foreign currencies, has experienced a shortfall in meeting revenue earning target during the first two months of the current fiscal year. After a robust growth in revenue earning during last fiscal year (2013-2014), the industry is now passing through a critical time as […]

Malaysian car manufacturer keen to invest in Bangladesh

Local business conglomerate PHP group will be the local partner of the joint venture of the automobile plant in Bangladesh A worker cleans the Proton Savvy, manufactured by Malaysia’s Perusahaan Otomobil National Sdn Bhd, during the opening ceremony for Proton’s first showroom in Jakarta Photo- Reuters Malaysian renowned automobile company Perusahaan Otomobil Nasional Sdn Bhd, […]

Shohoz makes your traveling easier is a website initiated to help people traveling in various long distance routes of Bangladesh. Buying a bus ticket is never easy you have to go to the bus counter and wait for your term in the queue. Moreover traffic situation in Dhaka may cause you more trouble, it may require one or two […]

Chicken farming makes many poor households money-makers in Rajshahi region

Jamila Begum, 35, wife of a day-laborer, Mominul Islam, is now at the threshold of eradicating her long-lasting poverty through household-based chicken rearing through modern method. Jamila, mother of three daughters and a son and a resident of Bargachhi village under Paba upazila of the district, embarked on the mission of achieving self reliance early […]

Cotton production touches record level

The country produced a record of 144,616 bales of cotton in the just concluded fiscal year (FY), 2013-14, marking a growth of 12 per cent as against the previous fiscal. In fiscal 2012-13, the total cotton production was about 129,000 bales from 39,756 hectares of land. Some 41,498 hectares of land were brought under cotton […]

‘Bangladesh allows tax-free food transport to Tripura’

The Bangladesh government has allowed tax-free food transport to Indian state Tripura. “We have been informed that the Bangladesh government will not charge anything for transshipment and transportation of rice through its port and roads for Tripura as a goodwill gesture,” said a senior official of the state administration. The Bangladesh government has waived the […]

Demand for cotton will remain stable in the country

Demand for cotton will remain stable in the country as Indian and Chinese investors are relocating their textile companies to Bangladesh, the Economist Intelligence Unit (EIU) said. Low costs will offer incentives for companies to relocate to Bangladesh, it said. Cotton consumption in Bangladesh moves largely in tandem with activity in the textile sector, which […]

Commercial Banks return to profits

Operating profits for most banks rose in the first half of the year due to the return of normalcy on the political front after a turbulent year. Primary figures from 15 commercial banks yesterday showed that their profits between January and June increased 10 percent year-on-year to Tk 3,731 crore. By and large, bankers credited […]

Swaraj to take Bangladesh’s internet with her

Indian External Affairs Minister Sushma Swaraj has arrived in Dhaka on 25 June. During this official tour the marking of land, Teesta Water deal, India-Bangladesh rail transport, Multi Entry Visa and Work Permit issues are set to be discussed and hopefully resolved. In the meantime, a contract to export bandwidth has been signed. After her […]

BTCL to get ITC licence to sell internet bandwidth

The countrys telecom regulator is going to issue another licence in International Terrestrial Cable (ITC) category to make competitive the business of bandwidth. The licence will be issued to the Bangladesh Telecommunication Company Ltd (BTCL) subject to payment of application and licence fees in future and without payment of performance bank guarantee money, according to […]