Golam Moin Uddin & AKM Moinuddin Dhaka – Getting engaged very closely with Bangladesh, China sees an investment potential of around US$ 42 billion in the coming years though it is likely to come up with some $25 billion for…
Category: Industry
Galaxy Note recall, Hyundai strike hit South Korea’s growth
Seoul (AP/UNB) — South Korea’s third-quarter growth slipped to its lowest level in more than a year in the first indication of the growing impact of Samsung Galaxy Note 7 recalls on the broader economy.
Workers block Dhaka-Tangail highway for an hour
Gazipur – Readymade garment workers blocked Dhaka-Tangail highway for about an hour following rumour of the death of a fellow worker in a road accident in Konabari area of the city on Sunday morning, UNB news agency reported.
AT&T buying HBO, CNN owner Time Warner for $85.4 bn
New York (AP/UNB) — AT&T is buying Time Warner, the owner of the Warner Bros. movie studio as well as HBO and CNN, for $85.4 billion in a deal that could shake up the media landscape. The acquisition would combine…
Teijin wins ecobalance award for customer benefit model
Teijin has been honored with the EcoBalance Award for Best Business Practices at the 12th Biennial International Conference on EcoBalance in Kyoto for its Customer Benefit Model.
Tannery relocation to Savar must by Dec 30: Amu
Savar: Industries Minister Amir Hossain Amu on Sunday said the gas and power connections to Hazaribagh tannery industries will be snapped if those are not relocated to Savar from the capital by December 30 next. UNB News Agency Reported.
Xi unveils over US$ 24bn investment in Bangladesh
Dhaka – Bangladesh and China on Friday signed loans and investment deals worth over US$ 24 billion with Chinese President Xi Jinping saying the Bangladesh-China relations are now at ‘new historical’ turning point and heading towards a ‘promising future’. The…
Note 7 recall costing Samsung at least $5.3 billion
South Korea (AP/UNB) — Samsung Electronics said Friday that the discontinuation of the Galaxy Note 7 would cost the company about $3 billion during the current and next quarters, bringing the total cost of the recall to at least $5.3…
Samsung halts sales of Galaxy Note 7 after new troubles
San Francisco (AP/UNB) — Samsung said it is halting sales of the star-crossed Galaxy Note 7 smartphone after a spate of fires involving new devices that were supposed to be safe replacements for recalled models. Separately, South Korean safety authorities…
Samsung reportedly just stopped production on Galaxy Note 7
Samsung has temporarily halted production of the Galaxy Note 7 smartphone, reports South Korean news agency Yonhap, citing a source.
Industrial accidents in BD another sign of inequality
Bangladesh, once dismissed as a “basket case” for development, has made remarkable progress in many aspects of human and economic development in the last couple of decades.The people of Bangladesh are a key element in this remarkable advancement. They work…
Another Tampaco fire victim expires, death toll now 35
Dhaka – Another young man who suffered burn injuries in the fire at the factory of ‘Tampaco Foils Ltd’ in Tongi BSCIC Industrial area on September 10 died at a city hospital on Tuesday, raising the death toll in the…
France becomes first country to ban plastic cups and plates
(CNN)France has become the first country in the world to ban disposable plastic cups and plates. A new French law will require all disposable tableware to be made from 50% biologically-sourced materials that can be composted at home by January…
Tampaco boiler blast victim dies; death toll 34
Dhaka – Another man who suffered serious burn injuries at ‘Tampaco Foils’ factory fire in Tongi BSCIC Industrial area of Gazipur on Saturday died at a private clinic in the capital on Tuesday night, raising the death toll in the…
BD factory owner sued as boiler blast death toll rises
More than 30 workers have died after an explosion and fire engulfed a factory that produces packing for brands like Nestle. The father of one of the victims has filed suit against the building owner for manslaughter.
Gazipur RMG boiler blast kills 26 people, injures 47
Gazipur – A boiler explosion at a readymade garment factory near Tongi BSCIC Railway Station in Gazipur, about 25 kilometres north of capital Dhaka killed 26 persons on Friday night and Saturday morning. The death of 16 injured on Saturday raised the death…
HC orders drug recall of 34 pharmaceutical manufacturers
Dhaka – The High Court on Monday ordered 20 pharmaceutical companies and 14 other antibiotics manufacturers to stop production and supply as well as withdraw all of their medicines which have been found to be of low quality. An HC…
FBCCI demands arrest of those behind Khaled killing
Dhaka – The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Tuesday demanded immediate arrest and exemplary punishment of the perpetrators involved in disappearance and subsequent killing of businessman Md Hassan Khaled, UNB news agency reported.
Solar Impulse 2 leaves Egypt for final leg of world tour
The first solar-powered plane to circle the world took off from Cairo on Sunday for Abu Dhabi, in the final leg of its journey. Swiss pilot Bertrand Piccard was behind the controls of Solar Impulse 2, which can fly for…
SC orders Hazaribagh tanners to pay Tk 10,000 fine each daily
Dhaka – The Supreme Court on Monday ordered each of the 154 tannery owners at Hazaribagh to pay the government Tk 10,000 per day as fine for not relocating their factories to the Tannery Estate in Savar within the given…
Employees give CEO a new car after he shared the wealth
Seattle (AP/UNB) — The employees of a company whose boss gave them a well-publicized big raise have bought him a new Tesla.
Rosatom Eyes Global Wind Power Business
Russian nuclear giant – ROSATOM State Corporation is finally set to expand their business in wind power sector. Earlier ROSATOM established a company- OTEK back in 2013 to develop non-nuclear energy projects in Russia.
Finalists announced for South Australia’s low carbon challenge
TEN finalists have been announced for South Australia’s Low Carbon Entrepreneur Prize as part of a push for the state’s capital Adelaide to become the world’s first carbon neutral city. The finalists will each receive AU$10,000 form a total prize…
Doing well by doing good
Ethiopis Tafara Washington, DC – Two years ago, Tesla CEO Elon Musk decided to open access to his company’s patents to anyone – a move that ran completely counter to traditional competitive behavior. Why would a company give away its…
Apparels and textiles federations object to rise in source-tax
The top five federations of the apparels and textiles sector on Saturday reiterated a call to incorporate their proposals including reducing source tax on export items in the proposed budget to help grow the textiles and readymade garment sectors in…
Tarana says no fingerprint stored during SIM re-registration
Dhaka – Fingerprints were taken during the SIM re-registration under biometric method just for the online verification of the information stored in the national identity (NID) server, said State Minister for Posts and Telecommunications Tarana Halim on Sunday. “The fingerprints…
World Bank’s global growth forecast down to 2.4 percent
Dhaka-The World Bank is downgrading its 2016 global growth forecast by nearly a fifth, to 2.4 percent from the 2.9 percent pace projected in January.
SC upholds verdict for demolishing BGMEA building
The Supreme Court (SC) today upheld a High Court order that asked for demolishing the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) headquarters building in Hatirjheel area in the capital, declaring it as illegal.
Armenian NPP ready for modernization
News Desk The life extension project at Armenian NPP Unit 2 is going full tilt with Rosatom’s involvement. At a meeting held in late April, the project steering committee discussed results of the technical audit that involved systems and individual…
Historic May Day being observed across Bangladesh
Dhaka – The historic May Day is being observed in bangladesh and many other countries of the globe on Sunday with a fresh vow to establish the rights of workers. May Day, also known as International Workers’ Solidarity Day, commemorates…