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Delays and delivery default risks unavoidable

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Since beginning of the global COVID crisis Bangladesh enforced multiple local, regional and national lockdowns with various level of intensity and effectiveness. The Ready-Made-Garments (RMG) industry, backbone of the Bangladesh’s economy contributing up-to 80% of the country’s export, however, remained unaffected from lockdowns fearing worst economic consequence with social and political risks in case millions […]

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Venami shrimp farming begins in Bangladesh

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Farming of ‘banned’ high-yield species of Venami shrimp has began in Bangladesh. The test run of the project is being implemented by a Khulna based private company and a Shatkhira based NGO together by importing eight hundred thousand Venami shrimp fry from Thailand. The government of Bangladesh issued special permission for cultivation of Venami shrimp […]

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Gas reserve potential left unexplored in Bangladesh

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Bangladesh, globally hailed as a potential gas basin, has long been in the grip of an acute gas crisis thanks to lack of gas exploration initiatives, said experts. In the past 12 years, only 18 exploration wells have been dug with the discovery of four gas fields, according to the Bangladesh Oil, Gas and Mineral Corporation, […]

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Facts Check: Power Generation in Bangladesh

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by Prof. Badrul Imam* Bangladesh now has a power generation capacity in excess of 21,000 MW. On the other hand, power demand and generation in mid-February this year were in the range of 9,000 MW, less than half of the overall capacity. Even last summer the peak demand and generation hardly reached 12,000 MW. Considering […]

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Japan fails to secure VAT Exemption for JICA funded project in Bangladesh

Japan government’s hard fought prestigious Matarbari Power Plant Project in Bangladesh is in a dilemma over exemption of Value Added Tax (VAT) for the construction of the Matarbari coal-fired power plant. The two year long stand-off between Japan and Bangldesh could not be resolved as both sides remains firm in their position. Japan wishes not to be discriminated and […]

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Alibaba and Amazon to build network in Bangladesh

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The postal division is going to collaborate with global e-commerce giants Alibaba and Amazon to deliver their products across Bangladesh, reports the Daily Star. A pilot project will be launched within a short time, said Tarana Halim, state minister for telecom and postal division, after a meeting with the postal department yesterday at her office. […]

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Some Recommendations on Overcoming the Crisis in the Leather Industry

by Mr. Mosharraf Hossain Bhuiyan* Ambassador of Bangladesh to Germany Jute was the main cash crop of East Pakistan (present day Bangladesh) during the Pakistan period. Jute and jute products were the main exports of Pakistan – sixty-five percent of the country’s national income originated from the agricultural sector. The presence and position of tea and leather […]

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Production at risk as AnnonTex fails rescheduling EUR 374 million default loans

AnonTex Group fails to reschedule it’s defaulted loans amounting BDT 3,742 crore or ca. EUR 374 million as the central bank of Bangladesh, the Bangladesh Bank (BB) rejects it’s application, reports the daily Dhaka Tribune. AnonTex Group’s house bank the state-run Janata has been extra-ordinary generous to this particular client fully supporting and pleading for […]

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Municipal Waste Water Treatment Project in Bangladesh

Brief Project Description (4 main components) – In order to participate in any of the components please feel free to contact us! It is not expected that a single company offers all the components. Therefore, various companies should be assigned for various parts of the Project based on their expertise and skills. Fair competition should […]

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Another $25m IFC loan to a Bangladeshi company PRAN

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International Finance Corporation (IFC), the private sector development arm of the World Bank Group, has provided yet another $25 million loan to Pran-RFL Group for expansion of one of it’s concern’s capacity for manufacturing ‘affordable and quality food products’. The six-year loan with a two-year grace period for fruit and vegetable processor Mymensingh Agro is to […]

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Another $25m IFC loan to a Bangladeshi company PRAN

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International Finance Corporation (IFC), the private sector development arm of the World Bank Group, has provided yet another $25 million loan […]

Korean Export Processing Zone at serious risk

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Instead of handing over the Korean Export Processing Zone (KEPZ) to the investor, the government of Bangladesh plans to take back […]

Dhaka needs to remove its rocky anti-FDI atmosphere

Korean Ambassador to Bangladesh Lee Yun-young

Korean Ambassador to Bangladesh Mr. Lee Yun-young has said Bangladesh should come out from protectionism and open up its market […]

‘Welfare Associations’ to negotiate for rights at Bangladesh EPZ

The Government of Bangladesh today approved, in principle, draft of a labour law for Export Processing Zones (EPZ) with the provision […]

Return of GSP seems far off – a lot more must be done

Bangladesh’s progress in implementation of the National Tripartite Plan of Action on Fire Safety and Structural Integrity (the Action Plan) which provides a […]

Bangladesh halts shutdown of “unsafe” factories

The Bangladeshi government is refusing to shut down garment factories declared unsafe, following a row with independent inspectors over the […]