Bangladesh

http://www.newagebd.com/2009/dec/10/busi.html#9 Korean co to invest $1.40m in CEPZ Bangladesh Sangbad Sangstha . Dhaka A Korean company will set up a printing and accessory manufacturing industry in the Chittagong Export Processing Zone. Bestec Accessories Limited, a 100 per cent foreign-owned company, will invest $1.408 million in setting up their unit and will produce printing and accessory items. The company will create jobs for 210 Bangladeshi and four foreign nationals. An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority and Bestec Accessories Limited in BEPZA Complex recently. BEPZA member (investment promotion) Md Moyjuddin Ahmed and Bestec director Seung Chul Kim signed ... Read Full Story

Khaleda Warns Govt Against Entering Into Secret Deal , Leader of the Opposition in Parliament and BNP Chairperson Khaleda Zia Tuesday urged the government to arrange debates on issues of national interest in parliament instead of entering into any secret deal. “We’ll extend cooperation in making the parliament effective,” she said with a note of warning that they would wedge mass movement if any decision is taken harming the national interest or against the interest of the people. Addressing the BNP’s 5th National Council in the premises of Bangabandhu International Conference Center, Khaleda said: “We never ever entered into any deal compromising on the ... Read Full Story

http://www.thedailystar.net/newDesign/news-details.php?nid=116947 Set up industries outside Dhaka, get low-interest loan, PM asks entrepreneurs Staff Correspondent Prime Minister Sheikh Hasina yesterday said the government would disburse bank loan to the entrepreneurs at low interest rate if they set up their industries at district and upazila level to reduce the burden on Dhaka city. She asked the entrepreneurs to take their investment out of Dhaka so that it helps power decentralisation. “I will ask the finance minister and Bangladesh Bank governor to provide special facilities to those who invest at district and upazila level,” Hasina said this at the inauguration of the two-day long SME Financing Fair ... Read Full Story

http://www.thedailystar.net/newDesign/news-details.php?nid=116824 Cotton joins hybrid race Supreme Seed, Lal Teer market two varieties: HSC-4 and DM-1 Sohel Parvez Textile industry is poised for a stronger backward linkage as farmers have started growing cotton through hybrid seeds that promise higher yield and better earnings than those from traditional high-yielding variety (HYV) seeds, stakeholders said yesterday. “The hybrid variety performs well. I am hopeful about better crop,” Md Golam Sorowar, a cotton grower at Daulatpur of Kushtia district, told The Daily Star by phone. Sorowar, who has planted hybrid seeds on one acre of land, expects around 15 maunds of cotton per bigha (33 decimal). “By using ... Read Full Story

http://nation.ittefaq.com/issues/2009/12/08/news0240.htm Rajshahi BSCIC becomes profitable concern BSS, Rajshahi Most of the industrial units in the Bangladesh Small and Cottage Industries Corporation (BSCIC) here has become profitable over the last couple of years. Officials told BSS that more than 100 units of BSCIC were declared sick and laid off about 18 to 20 years back but the number at present came down to below 10 because of an rising trend in production and marketing of goods. Local entrepreneurs have been showing much interest in restarting the sick industries and operating their business successfully after transferring the ownership. Some of them are also trying to get ... Read Full Story