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Deal signed for safe, environmentally sound ship recycling

Thanking the Government of Norway for their generous contribution, Mr. Lim said, “The continuation of this project will greatly enhance national capacities for Bangladesh for safe and environmentally sound recycling of ships.

The success of this Phase III of the project will be seen in the crucial technical assistance role that will support the goals of Bangladesh to establish a facility for treatment, storage and disposal of hazardous wastes and ultimately support its aim to accede to the Hong Kong Convention.” The Hong Kong Convention ...

GE selected to develop power plant in BD

In its continued efforts to provide the most advanced energy solutions to Bangladesh, GE Power (NYSE: GE) today announced that it has been selected by Unique Group, to develop the 600 megawatt (MW) natural gas based combined cycle power plant at Meghnaghat, near Dhaka, Bangladesh. Unique Meghnaghat Power Limited (UMPL) will be executing the project. The power plant will produce power equivalent to the electricity needed to supply about 700,000 homes in the region.

BD, Trafigura abandon LNG supply deal

Bangladesh and Swiss trader Trafigura have abandoned the preliminary deal for the supply of 200,000 Mcf/day of regasified LNG following delays in agreeing the terms of the SPA, including the LNG specification and the location for any potential dispute settlement, a senior Bangladesh official said late last week. Bangladesh was seeking to settle any potential dispute at the Bangladesh International LNGArbitration Center but Trafigura preferred Singapore, state-owned Rupantarita Prakrtitik Gas Company Ltd.'s Managing Director Mohammed Q...

Pathao to launch mobile wallet next year

Pathao, a ride-hailing app in Bangladesh, plans to launch its own mobile wallet next year to reduce consumer reliance on cash payments. “Payments is a big challenge. Bangladesh is a cash-based economy and most of the transactions Bitcoinhappen over cash,” Pathao’s CEO and co-founder, Hussain Elius, told CNBC’s “Street Signs” last week. “However, we are very excited to move into the e-transaction space and just next year, we are launching our own wallet,” he said, adding that switching to e-payments would take time as people are “s...

Azim Group Global Steel launched

Azim Group, a multi-national garments holding company based in Bangladesh, recently has launched an enterprise- ‘Global Steel and Engineering Limited’ at Shailabil, Paruhala, Dhamrai, Dhaka. With the launch of the enterprise, Azim group sets its footprint into the steel industry. Azim Group is one of the pioneers in garments industry of Bangladesh. It has been exporting readymade garments to various markets of the world including USA, Europe, South America, Russia, Japan, China and Australia. AMI_6898To step into anothe...
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