TAU Investment Management LLC, a New York-based growth-equity venture investment firm is currently in the process of raising a US$1.0 billion for modernisation of the garment and textiles industries in Bangladesh, Indonesia, Cambodia, Vietnam China and, to lesser extend, in Turkey. The fund is backed by the Soros family, Yahoo co-founder Jerry Yang and the Global […]
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Uttara Finance & Investments Ltd BDT 5,100cr scam: UTTARAFIN

1 crore =10 million & 1 EUR = BDT 102.67 Loan applications to financial institutions in Bangladesh require five layers of scrutiny before being approved, usually. The Uttara Finance and Investment Limited, a non-bank financial institution and publicly traded company in Bangladesh under the Dhaka Stock Exchange (DSE) trading code UTTARAFIN did not followed any of the […]
EUR 550 million dredging deal with Luxembourg-based company
The Luxembourg-based dredging company Jan De Nul Group (JDN) signed a Joint-Venture agreement with the Payra Port Authority (PPA) of Bangladesh on the on 11 December 2017 for the Payra Deep-sea Port dredging project, valued EUR 550 million setting up a Jan De Nul Group’s subsidiary the Payra Dredging Company Limited (PDCL) under the Public-Private […]
Maternity Benefits in Bangladesh

Women, performing manual and physical (other than intellectual, administrative, supervisory or managerial) labour in Bangladesh are entitled to 16 weeks of Maternity Benefits. The terms and conditions of employment, including the Maternity Benefits, of the female staff at the intellectual, administrative, supervisory or managerial positions should be regulated in the employment contract. In the latter half of […]
Sourcing from Bangladesh is expected to be 9% higher

Bangladesh is likely to lose about $2.7 billion in export earnings every year once it graduates from the Least Developed Country (LDC) bracket. Upon graduation from the LDC status, exports will be subjected to 6.7 percent additional tariff as duty-free and quota-free benefits from different countries and trading partners will be withdrawn, according to a […]