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  Nine listed companies raised about Tk 865 crore, including premiums, through rights shares this year, which is 63 percent lower than last year. The companies issued 49.79 crore rights shares to raise the amount, according to data from the Dhaka Stock Exchange. The fall in capital raised through rights shares was mainly due to […]

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BGMEA decides over compliance failure Refayet Ullah Mirdha The trade body of garment makers has planned to cancel membership of 850 non-compliant industrial units — 600 in this month and the rest in February, said a leader of the platform. These units had failed to conform to labour and safety standards despite repeated reminders from […]

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By Alex Renton in Dhaka Dhaka’s leather business is booming, yet 90% of workers die before 50 and the industry causes pollution on a major scale The smell catches you from blocks away: a throat-tightening mix of bad egg, rotten meat and acrid ammonia. Among the rickshaws, barefoot men push carts piled with grey-blue skins. In […]

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India has sought Bangladesh’s permission to allow exports by Indian companies operating in its country through the North-Eastern region besides earmarking land for setting up India-specific Special Economic Zones (SEZs) there. North-East Region may serve as a gate-way for exporting goods from Bangladesh, especially, to Indian market and can help in giving a push to […]

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This high yielding China-origin variety of orange has seen successful cultivation at Agriculture Research Station in Khagrachhari Sadar upazila, thanks to the initiative of five researchers of Bangladesh Agriculture Research Institute.Photo: STARKafil Mahmud, Khagrachhari A newly introduced high-yielding variety of orange has seen successful cultivation in the district, following research by Bangladesh Agriculture Research Institute […]

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Hit by hartal, top business body urges opposition The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) yesterday urged the BNP-led alliance to withdraw the eight-hour hartal called for today and proposed holding dialogues to resolve political issues. “Please find alternatives [to hartal] to carry out your political movement. Do not call hartal for […]

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L-R: A man carries a solar panel to install it at a rural home. People install a solar panel, which is a great source of power in off-grid areas. Photo: Grameen ShaktiStar Business Desk Grameen Shakti (GS) has reached the landmark of the installation of one million solar home systems in the country’s rural areas […]

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A high-level meeting will be held on Sunday to decide the fate of pre-shipment inspection (PSI) as its timeframe expires at the end of this month. Chairman of the National Board of Revenue Md Ghulam Hussain called the meeting to discuss the matter with all the customs commissioners. Contacted, a customs commissioner said they will […]

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DCCI conference stresses efforts from all sectors Asif Ibrahim, second from right, outgoing president of Dhaka Chamber of Commerce and Industry (DCCI); speaks at the conclusion of a conference on “Positioning Bangladesh: branding for business” at Sonargaon Hotel in Dhaka yesterday. AKM Fahim Mashroor, president of BASIS; MA Sabur Khan, newly elected president of DCCI; […]

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A mobile court in Chittagong yesterday fined Lucky Enterprise and Bismillah Marine Store on Batali Road in Chittagong for refilling and selling fire extinguishers without proper approval. A mobile court in Chittagong yesterday fined two makers of fire extinguisher and equipment Tk 1.05 lakh each for refilling and selling the devices without getting proper approval […]

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Mozena advises Bangladesh to fix workplace safety problems to obtain duty-free privileges from US Star Business Report US Ambassador Dan Mozena yesterday advised Bangladesh to fix workplace safety and labour rights problems immediately — to obtain duty-free privileges from his country. The Tazreen fire that killed more than 100 workers was a call to action, […]

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US Secretary of Labour Hilda L Solis on Friday assured that her department was ready to help Bangladesh with technical assistance and expertise in the readymade garment sector. “The US Department of Labor stands ready to help, with technical assistance and expertise, to work with the government of Bangladesh to ensure that this horrific tragedy […]

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