South Asia Investor Review is a blog by Riaz Haq focused on reporting, analyzing and discussing the economy and the financial markets of countries in South Asia, including India, Pakistan, Bangladesh and Sri Lanka. It is designed to help...
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South Asia Investor Review is a blog by Riaz Haq focused on reporting, analyzing and discussing the economy and the financial markets of countries in South Asia, including India, Pakistan, Bangladesh and Sri Lanka. It is designed to help international investors looking to learn about investing in South Asia. Riaz has another blog called Haq's Musings at http://riazhaq.blogspot.com
http://www.thedailystar.net/newDesign/news-details.php?nid=123176
Paint makers continue double-digit growth
Competition is expected to intensify as RAK Group plans to enter market
Sajjadur Rahman
Bangladesh’s paint industry has been growing at a double-digit rate for the past several years riding on the increasing demand from the construction sector, market players said.
A recent study reveals its market size based on demand is estimated at Tk 1,000 crore and domestic production... Read Full Story
http://www.thedailystar.net/newDesign/news-details.php?nid=119537
Local firms seek to shore up foothold in tyre business
A salesman arranges locally made tyres at a shop in Dhaka. Bangladesh is missing out on opportunities to tap the rising local demand for tyres in absence of large manufacturers here.Photo: STAR
Sajjadur Rahman
Local manufacturers are coming up to tap growing opportunities in tyre business that now depends heavily on imports.
Husain Tyre, which started production... Read Full Story
http://www.theindependent-bd.com/details.php?nid=154916
Int’l tender for Sonadia deep sea port design proposed
DEEPAK ACHARJEE
The government plans to invite international tender to appoint a consulting firm by January next for preparing a detail design of the proposed deep seaport at Sonadia Island to be built at a cost of Tk 15,000 crore.
The shipping ministry yesterday formed an eight-member high powered committee headed by Commodore Riaz Uddin Ahmed, chairman of the Chittagong... Read Full Story
http://www.theindependent-bd.com/details.php?nid=154531
Local shipbuilding sector to save foreign currencies
ECONOMIC REPORTER
Minister for Shipping Shajahan Khan on Saturday said country would save huge foreign currencies, as a local shipbuilding company Western Marine Limited, was building a Ro-Ro ferry for the first time in Bangladesh.
Terming this a milestone for domestic ship building industry, the minister said the country had to procure such kind of vessel from Europe in the... Read Full Story
http://www.thefinancialexpress-bd.com/more.php?news_id=91457
Kaliakoir Hi-tech Park to be ready next month
Construction of basic infrastructure for the Hi-tech IT Park at Kaliakoir in Gazipur district will be completed by next month, reports BSS.
A project involving Tk 270 million (27 crore) has been undertaken by the government for this purpose, to be completed by March this year, said State Minister for Science and Information and Communication Technology Architect Yafesh Osman in... Read Full Story
http://www.thedailystar.net/newDesign/news-details.php?nid=117084
FARR Ceramics sets foot in Argentina
Next shipment in March
Sajjadur Rahman
A local ceramics manufacturer has entered Argentina with exports after shoring up its foothold in Europe.
FARR Ceramics Ltd has recently exported ceramics worth Tk 1.6 crore to the South American country. The company has also bagged Tk 5 crore orders from the country and will ship by March.
“We are exploring new markets on our own. We don’t... Read Full Story
http://www.newagebd.com/2009/dec/28/busi.html#2
Nasir Glass goes for massive expansion
Citi arranges Tk 170 crore loan
A file photo of Nasir Glass shows the aerial view of its factory in Gazipur.
Business Desk
Citibank, NA, Dhaka branch on Sunday announced that it had successfully arranged syndicated facility of Tk 170 crore ($24.6m) to provide financing for Nasir Glassware and Tube Industries Limited, a sister concern of Nasir Group.
This five-year term loan facility will be... Read Full Story
Former army officers Mohiuddin Ahmed and Faruque Rahman, sentenced to death for the 1975 murder of Bangabandhu Sheikh Mujibur Rahman, have filed petitions for review of the Supreme Court judgment that rejected their appeals in November.
Continued here:
Mohiuddin, Faruque submit review petitions too Read Full Story
http://www.thedailystar.net/newDesign/news-details.php?nid=117685
Metro Spinning plans for ’slab yarn’ production
Star Business Report
Metro Spinning, a concern of Maksons Group, plans to import 20 slab yarn machines from India in two phases to produce specialised yarn, as part of the company’s effort to diversify products.
The equipment that makes specialised yarn for both knit and woven fabrics will be installed at a cost of $2.30 lakh (Tk 1.58 crore).
Metro Spinning made the plan... Read Full Story
http://nation.ittefaq.com/issues/2009/11/18/news0891.htm
IBBL trains employees of Nigerian bank
Business Report
The valedictory session of a week long “Pre-Launching Manpower Development Programme” organised by Islami Bank Bangladesh Ltd was held on Sunday at the conference hall of its training and research academy.
Prof. Abu Nasser Muhammad Abduz Zaher, Chairman, Board of Directors of Islami Bank Bangladesh Ltd. was present in the function as Chief Guest. Presided over by M... Read Full Story
