News

The Bangladesh Telecommunication Regulatory Commission (BTRC) is planning to allocate 450 MHz spectrum to the country’s mobile operators in next two years, a BTRC official revealed this in a virtual public hearing on Sunday.

DBL Group, one of the leading exporters, is going to invest $650 million to set up 10 manufacturing units for textiles, ceramics, and sanitary ware at the Sreehatta Economic Zone in Moulvibazar.

The country’s apex trade body has suggested that the government should extend the scope of investment abroad by Bangladeshi-origin firms and companies.

The dispute between spinners and garment manufacturers was resolved after the two sides fixed the price of the widely consumed 30-carded yarn at a maximum of $4.20 per kilogram.

The Banglabandha land port in Rangpur’s Panchagarh district collected a record-high amount of revenue in fiscal 2020-21.

The state-owned banks will focus on disbursing more loans in small and medium enterprises (SMEs) and cottage, micro, small and medium enterprises (CMSMEs), settling more money court cases to improve the investment capacity in productive sectors.

The top 10 companies grabbed 22.36 per cent of the turnover posted by the Dhaka Stock Exchange (DSE) in last week.

Garment exporters are feeling the pinch of exorbitant transport fares as the rebound in the shipment of goods thanks to the reopening global economy has raised the demand for trucks and covered vans.

Spinners have kept yarn prices unchanged since August 10 and there is no scope for a reduction as cotton prices are high in the global market, said Mohammad Ali Khokon, president of Bangladesh Textile Mills Association (BTMA), yesterday.

Essential commodities such as edible oil, wheat and sugar have become costlier in Bangladesh as their prices rose in the international markets because of the supply crunch and increased shipping costs, hitting the pocketbooks of consumers.