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Deltaport to invest $21.6m in BEPZA Economic Zone footwear plant

Deltaport Footwear Limited, a venture backed by Italian and Irish investors, has signed a land lease agreement with the Bangladesh Export Processing Zones Authority (BEPZA) to establish a footwear manufacturing plant at the BEPZA Economic Zone in Mirsharai, Chattogram.The company will invest US$21.6 million to manufacture a wide range of...

Syngenta hosts tree plantation awareness programme

In observance of World Environment Day 2026, Syngenta Bangladesh organised a tree plantation awareness programme and distributed saplings among school students in Rupganj, Narayanganj, recently under its 'SynGreen: Planting for a Greener Tomorrow' initiative.The programme brought together the company's Country Leadership Team (CLT), school authorities, teachers, and students. The initiative...

Gold heads for worst quarter in 13 years

Gold edged higher from a near seven-month low on Tuesday but remained on track for its worst quarterly performance since the second quarter of 2013, as the dollar remained firm amid expectations of US interest rate hikes, reports Reuters.Spot gold inched up 0.4 per cent at $4,031.29 per ounce, as...

Hormuz disruption to stall 2026 LNG trade, demand to rise by 2050, says Shell

LONDON/SINGAPORE, June 30 (Reuters): Shipping disruptions in the Strait of Hormuz due to the Iran war could keep global liquefied natural gas trade flat this year if flows return to normal in the next three months, Shell said on Tuesday, though it expects growth to resume in 2027 and demand...

Oil set for steepest quarterly loss since 2020

Oil prices were heading on Tuesday for their biggest quarterly loss since the COVID-19 pandemic in early 2020, with investors eyeing potential US-Iran talks in Doha amid a strained interim ceasefire in the four-month-old war, reports Reuters.Brent August crude futures , which expire on Tuesday, were up 0.22 per cent,...

Adani Ports to sell 49pc stake in Indian port to MSC for $1.4b

India's Adani Ports and Special Economic Zone said on Tuesday that Switzerland's MSC Group will acquire a 49 per cent stake in its Vizhinjam port for $1.4 billion, in what it said is the largest foreign private investment in domestic port infrastructure, reports Reuters.MSC, the world's largest container shipping company,...