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economy

BEZA seeks funding for spl economic zone

The Bangladesh Economic Zone Authority (BEZA) has sought funding from the finance division of the Bangladeshi government to set up a special economic zone at Anwara upazilla in the port city of Chittagong to attract Chinese investment. gov1The BEZA has recently sent a proposal to the finance ministry seeking over 420 crore taka interest free fund for acquisition of land for the Chinese Economic and Industrial Zone (CEIZ).
Paban Chowdhury, BEZA executive chairman, told Xinhua: "We have sent a letter req...

India to export cotton fabrics to Bangladesh

The Cotton Textiles Exports Promotion Council (TEXPROCIL) has welcomed the inclusion of exports of cotton fabrics – both woven and knitted - to Bangladesh and Sri Lanka under the Merchandise Exports from India Scheme (MEIS) vide Public Notice No. 27 dated July 14, 2015 issued by the Director General of Foreign Trade (DGFT). [caption id="attachment_18353" align="alignright" width="432"]R.K.Dalmia – Chairman – TEXPROCIL R.K.Dalmia – Chairman – TEXPROCIL[/caption] This is a very positive step taken by the Governm...

Utilization of dairy industry waste products

Milk, which is one of the chief sources of calcium, is highly nutritious and constitutes a part of our daily diet in some form or the other. The main constituents of milk are water, proteins, lipids, carbohydrates, vitamins and minerals, which are essential for growth and development. Milk also contains various biologically active compounds such as caseins and whey proteins. Of the total whey solids, it is estimated that about 75% is lactose. Milk is available as full cream, skim, lactose-free and fat free milk. Condensed and evaporated milk, which can be pasteurized util...
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RMG export growth to new markets declines

According to sources, the FE says, Bangladeshi apparel is losing out in emerging markets to competitors like Vietnam, Cambodia, India and Pakistan, as many buyers cut back orders due to political unrest, safety and other compliance issues in the country.According to a report in Bangladesh’s Financial Express (FE) this morning, the country’s ready-made garments (RMG) exports to non-traditional markets have recorded just marginal growth in the fiscal year just ended (2014-15). Insiders are said to consider this alarming news for the country’s apparel sector. rmg

Lafarge merges with Holcim

LafargeHolcim yesterday (July 15, 2015) officially launched the new Group around the world and announced key elements of its ambitions for the future. Following the successful completion of the merger between Lafarge and Holcim and the listing of the new LafargeHolcim shares in Zurich and Paris, the new Group will now work towards creating the highest performing company in the building materials industry. LafargeHolcim CEO Eric Olsen says: “Now as LafargeHolcim, we will step into LSC Logothe next phase of our transformation to become the leader in eve...

EU parliament backs reform of carbon market

The European Parliament approved plans to overhaul the Europe Union’s carbon market, a key part of strategies to curb the EU’s global-warming emissions. Under reforms due to take effect in 2019, the Emissions Trading System (ETS) will set aside a portion of carbon credits if the surplus of emission allowances on the market exceeds a certain threshold, reports AFP. carbon marketThe reserve will then be put back onto the market if prices recover. The Market Stability Reserve (MSR) “is a crucial building block to help ensure that CO2 (car...
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