BD emerges major market for textile, RMG machinery
Bangladesh has now emerged one of the potential markets for global textile and garment machinery manufacturers thanks to rising demands for locally made apparel items across the world.The local spinners, weavers and readymade garment (RMG) makers have been investing billions of dollars in setting up new factories and expanding their...
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BD seeks to boost trade ties with Australia
Bangladesh will seek Australian cooperation in exploring natural gas, coal and other sectors during a trade conference in Sydney in April, officials said.The Bangladesh embassy in Canberra has informed commerce ministry of an 'Australia-Bangladesh Trade Conference 2019' from April 16 to 18 in the Australian financial capital of Sydney.To this...
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BIDA urges China to invest more in Bangladesh
The executive chairman of Bangladesh Investment Development Authority (BIDA) on Wednesday urged a Chinese delegation to invest more in the country considering its congenial environment."Bangladesh is one of the fastest growing economies in the world, where foreigners can invest without hesitation," BIDA Executive Chairman Kazi M. Aminul Islam told the...
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SDF to launch $10m MSME funding in BD
The SAARC Develop-ment Fund (SDF) is going to launch a $10 million Micro, Small and Medium Enterprise (MSME) funding scheme in Bangladesh.The project is aimed at boosting job creation, raising income and increasing investments in human capital, a statement said on Wednesday, reports BSS.The MSME funding scheme comes under the...
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News Briefs-(10-1-2019)
Bill Gates seeks to invest in PakistanThe Pakistan Tehreek-i-Insaf (PTI) official Twitter account on Tuesday announced Bill Gates' interest "to invest in the IT sector" which he had reportedly communicated in a letter written to Prime Minister Imran Khan. According to the tweet: "The letter also stated that Bill and...
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EU may clear steel import curb after Trump tariffs
BRUSSELS, Jan 09 (Reuters): European Union countries are expected to next week approve a scheme to limit imports of steel into the bloc following US President Donald Trump's imposition of tariffs on steel and aluminum entering the United States (US).The vote on Jan 16 would put in place an effective...
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Musk opens Tesla Shanghai plant
SHANGHAI, Jan 09 (AFP): Tesla boss Elon Musk has presided over the ground-breaking for a Shanghai factory that will allow the electric-car manufacturer to dodge the China-US tariff crossfire.Opening of the $5.0 billion project will also allow the electric car-maker sell directly to the world's biggest market for 'green' vehicles.The...
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Indian rupee rebounds
MUMBAI, Jan 09 (PTI): The rupee recovered seven paise to 70.14 against the US dollar in early trade on Wednesday on fresh selling of the American currency by exporters and banks amid early gains in domestic equities.Forex dealers said weakness in the dollar against some currencies overseas supported the domestic...
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16th Dhaka International Textile and Garment Machinery Exhibition 2019
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Shafiul Islam Mohiuddin addressing the inaugural ceremony of the 16th Dhaka International Textile and Garment Machinery Exhibition (DTG) 2019 in the city on Wednesday — FE Photo
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'Rupantor' at Mendibag in Sylhet
Head of Sales of DBL Ceramics Mohammod Khourshed Alam attending the inauguration of the company's exclusive dealer outlet named 'Rupantor' at Mendibag in Sylhet recently with eminent personalities of the city present
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