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Showing content with the highest reputation since 07/14/2020 in all areas

  1. 2 points
    Bangladesh bringing high-speed internet to remote islands via Bangabandhu Satellite Shamim Ahamed, bdnews24.com Published: 08 Aug 2020 03:24 AM BdST Updated: 08 Aug 2020 03:24 AM BdST Bangladesh Communication Satellite Company Limited or BCSCL has begun work to bring high-speed internet through Bangabandhu Satellite to 31 remote islands where it is difficult to give connections through cable or expand network. The state company’s Chairman Shahjahan Mahmood told bdnews24.com that they connected 20 of the islands via the first satellite of the country under a Tk 400 million project that is expected to be completed this year. Hamed Hasan Muhammad Mohiuddin, the project’s director, said 11 of the islands are situated in Bhola, eight in Chandpur, seven in Patuakhali, and one each in Pirojpur, Barishal and Noakhali. Saint Martin’s Island in Cox’s Bazar will also get internet access under the project for emergency reasons though it has mobile internet facilities The authorities are setting up around five Very Small Aperture Terminals or VSATs in each of the islands for connections with 10 Mbps download speed and 4 Mbps upload speed. The schools and government offices on the islands were being given WiFi connections. More than 300,000 people will get the services once the project is completed. It began in March 2019. Mohiuddin said the project emphasises telemedicine and education. “We’ve achieved success after giving connections experimentally,” he said. BCSCL began operating with its own earnings through the satellite two years after it was launched into space in May 2018. As many as 35 private TV stations are using the satellite for broadcast. It is also used for direct-to-home television services. https://bdnews24.com/business/2020/08/08/bangladesh-bringing-high-speed-internet-to-remote-islands-via-bangabandhu-satellite
  2. 1 point
    Japan to give $3.2b in loans for 7 dev projects Staff Correspondent | Published: 20:12, Aug 12,2020 Dhaka and Tokyo on Wednesday signed a loan agreement worth $3.2 billion under the official development assistance of Japan to implement seven development projects in Bangladesh. Economic Relations Division secretary Fatima Yasmin and Japan ambassador to Bangladesh Ito Naoki signed the exchange of notes of the 41st ODA of Japan to Bangladesh at the ERD conference room in Dhaka. The loan package comprises assistance for seven projects amounting to 338.247 billion Japanese yen (approximately $3.2 billion), the largest-ever loan package since the inception of ODA in 1974, said a press release issued by the Japan embassy. The repayment period for the loan is 20 years after the grace period of 10 years, it said. The interest rate for the loan is 0.65 per cent while the interest rate for the part related to payments to consultants is 0.01 per cent a year. The 41st exchange of notes cover the projects that include Jamuna Railway Bridge Construction Project (II), Hazrat Shahjalal International Airport Expansion Project (II), Dhaka Mass Rapid Transit Development Project (IV), Dhaka Mass Rapid Transit Development Project (Line 5 Northern Route), Chattogram – Cox’s Bazar Highway Improvement Project, Food Value Chain Improvement Project and Urban Development and City Governance Project. Based on the exchange of notes, JICA Bangladesh Office chief representative Hayakawa Yuho and Farida signed a relevant loan agreement on the occasion. Japan has been the single largest development partner of Bangladesh since 2012 and total amount of its financial assistance has now reached $22 billion (commitment base). According to the release, Japan has provided around $13 million so far as the emergency-support to tackle COVID-19 in Bangladesh through international organisations, as well as provided PPE to hospitals through JICA. Japan and Bangladesh on July 16 also signed the exchange of notes on Japanese Grant aid ‘Economic and Social Development Programme’(around $10 million) for procuring medical equipment, including CT Scanner and X-ray Machine, to combat the novel coronavirus outbreak. On August 5, both countries signed exchange of notes of the COVID-19 Crisis Response Emergency Support Loan worth around $331 million, which is the first budget support from Japan to Bangladesh. The purpose of the financial assistance is to provide funding for additional financial expenditure by Bangladesh to implement the economic stimulus package, said the press release. https://www.newagebd.net/article/113323/japan-to-give-32b-in-loans-for-7-dev-projects
  3. 1 point
    This is a very good news for our country. We should gradually move to hi tech industries.
  4. 1 point
    12:00 AM, August 12, 2020 / LAST MODIFIED: 02:03 AM, August 12, 2020 Chinese firm to invest $300m to set up plasma fractionation plant Star Business Report The good news on the economic front has started to roll in once again, with the latest being China-based Oryx Biotech's announcement to invest $300 million to set up a plasma fractionation plant in Bangladesh. The company yesterday inked the tripartite agreement with Summit Technopolis, a company of Summit Group, and the Bangladesh Hi-Tech Park Authority (BHTPA) for the country's first biotech investment at a programme at the ICT Division in Dhaka. Oryx will set up the plasma fractionation plant on 25 acres of land and building provided by Summit Technopolis to produce plasma derivatives, also known as life-saving therapeutics and other related products. With a need for plasma in the potential treatment of the COVID-19, this is a timely investment for Bangladesh's healthcare research and service sectors, Summit Group said in a press release. It is expected that about 2,000 high-valued science graduates will be employed to produce therapeutics such as albumin, immunoglobulin and coagulation factor VIII. The plasma fractionation project will open a new horizon in Bangladesh's development, said Muhammed Aziz Khan, founder chairman of Summit Group. Oryx will now invest $10 million, said Zunaid Ahmed Palak, state minister for ICT, in a press release. The plant would have a capacity to process 1,200 tonnes of plasma annually and will be connected with 20 plasma collection centres. Patients from all over the world rely on plasma protein therapies to treat rare, chronic diseases, said Oryx Biotech on its website. Plasma often is referred to as the gift of life because it is the essential starting material needed to manufacture therapies that help thousands of people worldwide with rare, chronic diseases to live healthier, productive and fulfilling lives. Summit Technopolis is the concessionaire for developing infrastructure for a hi-tech industry comprising of information technology, IT-enabled services, bio-tech, non-polluting manufacturing assembly lines and precision engineering companies on 91 acres area in the Bangabandhu Hi-Tech City in Kaliakoir. Spanning more than 355 acres, the Bangabandhu Hi-Tech City is the first and largest high-tech park in Bangladesh. So far, 37 companies have been allocated land and five companies have already started production. Nasrul Hamid, state minister for power and energy; NM Zeaul Alam, senior secretary of the ICT Division; Hosne Ara Begum, managing director of BHTPA; and Kazi Shakil, chairman of Oryx Biotech, were present. The ceremony was virtually attended by Khan; Summit Group Vice-chairmen Jafer Ummeed Khan, Latif Khan and Farid Khan; and directors Ayesha Aziz Khan, Azeeza Aziz Khan, Fadiah Khan and Salman Khan. https://www.thedailystar.net/business/news/chinese-firm-invest-300m-set-plasma-fractionation-plant-1943661
  5. 1 point
    Major projects such as the construction of a third terminal Hazrat Shahjalal International Airport are in full swing even though some workers were infected with the coronavirus. Photo: Asif Mahmud Ove
  6. 1 point
    The construction yard of Padma Bridge in Munshiganj has collapsed. Already, 35 roadway slabs, 15 railway girders and 10 support pipes of the bridge have been destroyed. On Friday (July 31) afternoon, about 200 feet of defense wall was lost in the Padma. In the presence of officials from the contractor company China Major Bridge Company and the bridge authority, an attempt was made to remove the cranes urgently to protect these assets. But it was not possible. The severity of the erosion is so high that even the cranes are quickly removed if there is a risk of sinking in the reverse Padma. One by one, the valuable materials of the Padma Bridge preserved in the yard are disappearing in front of our eyes. Dewan Abdul Quader, executive engineer of the Padma Bridge, told Sangbad that the intensity of the Padma current is so high that nothing can be done in this situation. The demolition is underway in the southeastern part of the yard.
  7. 1 point
    Great wall motors are better than tata, they probably around a similar price as well. It makes me feel sick Indian bullying bd and having to see rubbish Indian products littered in bd.
  8. 1 point
    Bangladesh to export cashew nuts to UAE In 2010, India became the first country to import raw cashew nuts from Bangladesh Chattogram's GreenGrain Cashew Processing Industry signed a deal for exporting cashew nuts to the UAE. As Agriculture Minister Abdur Razzak visited GreenGrain Cashew's factory on Sunday, its owner Shakil Ahmed handed over a copy of the agreement paper to him. The company made a deal of exporting 3,500 kilograms of nuts with SG International, Dubai, on January 24 this year. In 2010, India became the first country to import raw cashew nuts from Bangladesh, said Shakil.
  9. 1 point
    07:16 PM, July 13, 2020 / LAST MODIFIED: 08:23 PM, July 13, 2020 Pineapple chips in Rangamati hills: An experiment with bright prospects Anvil Chakma Pineapple chips are now being processed experimentally for the first time in Naniarchar upazila of Rangamati, a region famous for cultivation of the juicy fruit. No chemicals are added to the fruit to produce the chips. Photo: Anvil Chakma Soon it may be time to try pineapple chips, made in Bangladesh! Pineapple chips are now being processed experimentally for the first time in Naniarchar upazila of Rangamati, a region famous for cultivation of the juicy fruit. Different varieties of pineapples are cultivated in the local hills. Among those, 'Honey Queen' is a famous one. It looks beautiful and tastes delicious, and has been considered for this experimental project by the Department of Agricultural Extension. Soon it may be time to try pineapple chips, made in Bangladesh! Photo: Anvil Chakma DAE's 'Development of Nutrition through Year-round Fruit Production' project is producing the chips at a fruit processing centre in the upazila's Dak Bungalow area. Every year, a large quantity of pineapple is cultivated in the district and supplied across the country after meeting the local demand. Still, some fruits rot and are wasted if those are not sold in time, as pineapple has a short shelf life, local cultivators said. There has long been demand for processing pineapple to produce chips and juice to prevent wastage, promote diversity in the fruit's commercial prospect, and round the year consumption. In Rangamati, pineapple is cultivated across 2,130 hectares of land with a production target of 55,835 tonnes. The fruit is cultivated on 1,200 hectares of land in Naniarchar upazila alone. Therefore, Naniarchar Horticulture Centre took the initiative to prevent wastage of the crop and help farmers get better return from their produce, said Mohammad Shafiqul Islam, deputy director of the horticulture centre. The chips processing factory has been launched on a trial basis with the aim of processing pineapple and selling it all year round and thereby benefiting the farmers, the official said. No chemicals are added to the fruit to produce the chips, he added. The chips processing factory has been launched on a trial basis with the aim of processing pineapple and selling it all year round and thereby benefiting the farmers. Photo: Anvil Chakma "Having a pineapple chips factory in our district is good news for farmers like us. Hopefully the concerned authorities will buy pineapple from our gardens to make these chips and ensure fair price for our produce," said Sushanta Chakma, a pineapple farmer in Burighat area of the upazila. The pineapple factory has been opened in Naniarchar as a pilot project and exhibition centre and not for commercial production. Since there is huge production of pineapple in this area, the government as well as individuals have taken initiative to open such chips factory here, said Mehdi Masud, director of the project. If successful, the product will be marketed commercially across the country, he added. https://www.thedailystar.net/pineapple-chips-in-rangamati-hills-experiment-bright-prospects-1929753
  10. 1 point
    12:00 AM, July 13, 2020 / LAST MODIFIED: 03:08 AM, July 13, 2020 Walton compressors hit Turkish market Star Business Report Walton has expanded its export basket further as the local electronics giant started shipments of made in Bangladesh compressors for refrigerators and air conditioners to Turkey. "We aim to export one million units of compressors to some African, Middle East countries and Turkey by 2021," said Meer Muzahedin Islam, chief executive officer of Walton Compressor. The number would hit five million by 2025, as some more export destinations will be explored by the time, he said. "The company was busy producing compressors for the local market until last year. Now we are trying to serve the foreign nations, as we have already increased our capacity to produce four million compressors a year." On July 7, the compressors were sent to Turkish company Kargi, which imports, exports and markets hi-tech spare parts for domestic and industrial products throughout Turkey and also abroad, especially in Europe. Walton's International Business Unit President Edward Kim and Kargi's Managing Director Emin Kargi signed a deal in this regard, making the Turkish brand a distributor of Walton products in the transcontinental Eurasian nation. "The initiative will pave the way for the expansion of our compressor market not only in Turkey but also across Europe as Turkey is being known as the business hub of Eurasia," said Kim. Walton is also working to produce a new series of compressors equipped with latest technologies, Islam said. "The commercial production of that series will increase the present export volumes of Walton compressors by several times." Commerce Minister Tipu Munshi inaugurated Walton's compressor export through a virtual press conference, arranged by the local brand at its corporate headquarters in the capital. Walton now has presence in over 20 countries around the world. https://www.thedailystar.net/business/news/walton-compressors-hit-turkish-market-1929565
  11. 0 points
    The Padma bridge project used to run round the clock but now only the day shift is working so it will be nearly impossible to complete the project in time by June 2021. https://www.dhakatribune.com/bangladesh/2020/06/11/budget-fy21-fund-cuts-in-mega-projects-due-to-covid-19-pandemic
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