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Honda to produce motorbikes in Bangladesh from next year

Industries minister Amir Hossain Amu inaugurates the ground breaking ceremony of a motorcycle manufacturing plant of Japanese Honda Motor Company at privately-owned Abdul Monem Economic Zone at Gazaria in Munshiganj on Sunday. — New Age photo Industries minister Amir Hossain Amu on Sunday laid the foundation stone of a motorcycle manufacturing plant of Japanese Honda […]

Buoyed by higher shipments of apparel items, Bangladesh’s exports to the UK are on the rise although British consumers have been hit hard by rising inflation amid Brexit pressure. The UK’s key inflation rate hit its highest for more than five years in September, driven up by increases in transport and food prices. The Consumer […]

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Bangladesh needs to increase allocation for infrastructure development by more than 3.5 times from its current annual spending of $3.5 billion if it wants to benefit from regional and international connectivity, experts said yesterday. The idea that only the government should develop and maintain the infrastructure needs to be changed. “The private sector should also […]

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Accord on Fire and Building Safety, the legally binding initiative to ensure safe workplaces for readymade garment factory workers, will continue beyond its May 2018 deadline as the local regulatory body is not ready yet in Bangladesh. It said on Thursday that it would continue operations until the local regulatory body demonstrated ‘full capacity to […]

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About 92.50 percent of the people in Bangladesh are using mobile phones, indicating the breakneck speed at which the country is nearing the Digital Bangladesh goals. Some 95.90 percent of the people in urban areas are using mobile phones and 91.20 percent in rural areas, according to the Household Income and Expenditure Survey 2016, which […]

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In a rare move the government on Wednesday approved a proposal that would enable Akij Group to invest $20 million in Malaysia. The cabinet committee on economic affairs on the day at a meeting, presided over by finance minister AMA Muhith, approved the proposal put forward by the Financial Institutions Division to open the overseas […]

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The Asian Development Bank (ADB) has passed a $1.2 billion financing scheme for the second phase upgradation of the Dhaka-Northwest international trade corridor in Bangladesh. “Bangladesh has good prospects of becoming a regional trade hub, if the country’s transport infrastructure can be improved to bring down transport costs and make the sector more competitive,” Dong […]

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The prices of onion increased by more than 50 per cent within a month and it was retailing at Tk 65-Tk 75 a kilogram in the city markets due to off-season supply shortage in the country and the main import market in India. Traders said that prices of onion increased by Tk 10 a kg […]

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A combo of internet photos shows cotton waste (left) and terry towel (right). Country’s specialised textile industries, including terry towel manufacturering units, have been facing problem in meeting export orders due to an acute shortage of raw materials as cotton and garment wastes are being smuggled out and exported to India, industry people said. Country’s […]

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Food inflation increased 55 basis points in September to hit 7.87 percent — the highest in 38 months — on the back of the massive production loss of the staple rice. In recent months, rice prices rose to record highs, reflecting the dwindling supplies following flood-induced losses to the main boro crop coupled with reduced […]

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Sonali Bank has decided to waive interest of Tk 129 crore on more than Tk 360 crore loan of Alltex Group owned by former lawmaker and Awami League leader Afsar Uddin Ahmad. The board of the state-run lender, which is struggling to reduce its nearly 30 percent bad loans, made the decision in favour of […]

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Digital money transferring service Xoom, a PayPal service, was launched in Bangladesh on Thursday. The prime minister’s ICT adviser Sajeeb Wazed Joy inaugurated its operations for Bangladeshis at PayPal+Xoom and Freelancer Conference in Dhaka. Joy, who was a chief guest at programme, said, “The Bangladesh expatriates have been sending their remittances through various channels at […]

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