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Bay Terminal to expand with new oil terminal

CHATTOGRAM, July 25: The Bay Terminal, the flagship project of Chittagong seaport, will expand to include an oil terminal alongside the three terminals already designated in the master plan.This new addition will enable Bay Terminal to accommodate oil tankers at its fourth terminal, utilising its own jetties.Sources said the Master...

BIDA witnesses surge in investment proposals

A total of 254 industrial establishments have registered with the Bangladesh Investment Development Authority (BIDA) in the past three months through June. Among them, 220 are local enterprises, 19 are foreign-owned firms, and 15 are joint ventures. The combined proposed investments by these establishments reached Tk 773.64 billion in the...

Social Islami Bank waives late fee for credit card dues

Social Islami Bank PLC has waived late payment fee for its customers who could not make their installment payments for credit cards and investments due to the current situation. The customers can now pay such dues by July 31, 2024 without any late fees, the bank said in a statement.The...

Nestle, Unilever sales disappoint as consumers still wary of high prices

Nestle and Unilever may be raising prices more slowly but it has not been enough to win back some cost-conscious customers, with the consumer goods giants delivering disappointing first-half sales growth on Thursday, reports Reuters.Shares of Dove soap maker Unilever rose 5 per cent as it nonetheless maintained its annual...

SHAHJALAL ISLAMI BANK BOARD MEETING HELD -

The 382nd meeting of the Board of Directors of Shahjalal Islami Bank PLC was held at its Corporate Head Office on Wednesday, with its Chairman A K Azad in the chair. The Board approved a number of investment proposals. Vice-Chairmen of the Board Mohammed Younus and Mohiuddin Ahmed, Directors, and...

World's richest 1pc gained $40t in a decade: Oxfam

PARIS, July 25 (AFP): The world's richest one per cent increased their fortunes by a total of $42 trillion over the past decade, Oxfam said Thursday, ahead of a G20 summit in Brazil where taxing the super-rich tops the agenda.Despite this windfall, taxes on the rich had plummeted to "historic...

Foxconn to invest $138m for new business HQs in China

BEIJING, July 25 (Reuters): Taiwan's Foxconn, the world's largest contract electronics maker and Apple's biggest iPhone assembler, said on Wednesday it plans to invest 1 billion yuan ($137.5 million) to construct a new business headquarters in Zhengzhou, China.Foxconn, formally called Hon Hai Precision Industry Co Ltd, signed a contract with...

UK govt launches flagship green energy plan

LONDON, July 25 (Reuters): Britain's new Labour government launched its flagship green energy infrastructure plan on Tuesday, announcing a multi-billion-pound partnership with the business arm of the royal family to develop offshore wind farms.UK Prime Minister Keir Starmer is establishing a publicly owned body called Great British Energy to spearhead...

Japan to resume funding for stalled projects in Sri Lanka

COLOMBO, July 25 (Reuters): Japan will resume funding for all stalled projects in Sri Lanka, Tokyo's envoy there said on Wednesday, the first such announcement since the island nation finalised a $10 billion restructuring deal with its official creditors.A total of 11 projects will restart, and bring in $1.1 billion...

Myanmar tycoon steps down from Singapore-listed business

SINGAPORE, July 25 (AFP): A Myanmar tycoon being questioned by junta authorities in his home country has stepped down as chairman of his Singapore-listed conglomerate, the company said.Serge Pun, one of Myanmar's richest individuals, was stepping down as executive chairman and director of Yoma Strategic Holdings Ltd "with immediate effect",...

Shoplifting surges 30pc in England

LONDON, July 25 (Reuters): Shoplifting offences in England and Wales increased 30 per cent in the year ending March 2024 to the highest level in 20 years, official data showed on Wednesday.The Office for National Statistics (ONS) said there were 443,995 shoplifting offences recorded by the police over the year,...