Business & Economy
0 1 min read

Chinese firm to invest $10.73m in Bepza economic zone

block
admin

Business Desk :
Join Win (Bangladesh) Company Ltd, a Chinese factory, plans to invest $10.73 million to set up a shoe accessories manufacturing industry in Bepza Economic Zone.
The company will set up a ‘fully modern automated factory’ to annually produce seven million pairs of different shoe accessory items, such as polyurethane (PU) insole, PU midsole, PU outsole and rubber outsole insole.

The items will be produced for different global brands, including Nike, Adidas, Puma and Caterpillar, according to the officials of Bangladesh Export Processing Zones Authority (BEPZA). The factory will create employment opportunities for 900 Bangladeshi nationals, according to Bepza.

block
Related

Oil falls as global backdrop outweighs Saudi output cut

Reuters, New York :Oil prices edged lower early on Tuesday, coming off gains made the previous day as concerns about the global economic backdrop outweighed supply worries raised when Saudi Arabia announced its biggest output cut in years.Brent crude futures slipped 27 cents to $76.44 a barrel by 0411 GMT. The U.S. West Texas Intermediate crude fell 33 cents to $71.82 a barrel. Brent had gained as much as $2.60 on Monday and U.S. crude as much as $3.30 after...

Project Management Institute South Asia holds 1st PMRC

Business Desk :Project Management Institute South Asia held the 9th edition of the flagship event Project Management Regional Conference (PMRC) in collaboration with the PMI Bangladesh Chapter.The PMRC saw an impressive turnout of 450 project professionals at the Sheraton Hotel in Dhaka, reads a press release. The conference brought together project managers, industry experts and professionals from across the South Asia region to share insights, network and learn from each other with a keen focus on inculcating a resilient approach...

Bangladesh exports fish and fish products to over 50 countries

Business Desk :Fisheries and Livestock Minister SM Rezaul Karim has said Bangladesh is now exporting fish and fish-made products to over 50 countries across the world.The minister gave the information while responding to a query at the question-answer session tabled in the Jatiya Sangsad on Monday with Speaker Dr Shirin Sharmin Chaudhury in the chair.In 2021-22 fiscal, he said, the country earned Taka 51.92 billion in foreign currency by exporting a total of 74,042.67 tonnes of fish and fish-made products,...