Singapore sovereign wealth fund GIC will invest $240 million in Arctic Green Energy to support the renewable energy firm’s expansion in Asia and Europe, the companies said on Monday.

Some 338 factories are running their operations across the country during the 14-day strict lockdown that began on July 23, according to the Industrial Police.

Despite nine years of work and expenditure of nearly Tk 500 crore, the construction of the Central Effluent Treatment Plant in the Savar Tannery Industrial Estate (STIE) has not been completed.

Around 34,000 temporary and substitute workers of state-run jute mills shut down in July last year have been living a miserable life as they are yet to get their dues.

Ford Motor said on Friday it was recalling about 775,000 Ford Explorer SUVs worldwide for a steering issue linked to reports of six injuries in North America. 

Suzuki Motor Corp will enter the electric vehicle (EV) market by 2025 starting in its stronghold market India, Nikkei reported on Monday.

Johnson & Johnson is exploring a plan to offload liabilities from widespread Baby Powder litigation into a newly created business that would then seek bankruptcy protection, according to seven people familiar with the matter. 

In light of the recent fire at the Hashem Foods factory in Narayanganj, where 52 workers tragically lost their lives, the Bangladesh Agro-Processors’ Association (BAPA) has issued directives to its members regarding safety measures that could help prevent such disasters.

The government should encourage micro, small and medium enterprises to take on appropriate climate mitigation and adaptation measures, said the International Chamber of Commerce Bangladesh (ICCB).

As much as $844 million is owed in wages and severance pay to garment workers in Bangladesh since the beginning of the pandemic, a new report of the Clean Clothes Campaign (CCC) said.

Chinese company Vanessa Enterprise Ltd has signed a $41.77 million deal with Bangladesh Export Processing Zones Authority (Bepza) to produce ladies intimate garments accessories in Ishwardi EPZ in Pabna.

Sewtech Fashion of India yesterday signed an agreement with Bangladesh Export Processing Zones Authority (Bepza) to invest $9.26 million in establishing a readymade garments manufacturing factory in Chattogram Export Processing Zone. 

Balikandi of Moulvibazar sadar upazila has a long history of being a hub for leather trade in the greater Sylhet division. Even a few years ago, hundreds of people were making a living out of it.

International retailers and brands are putting on hold work orders placed with many factories amidst the uncertainty over whether garment factories will be allowed to run during the upcoming 14-day lockdown beginning July 23, said exporters.

Workers of a garment factory blocked a road in Gazipur yesterday morning, demanding their pending salaries and other dues ahead of Eid-ul-Azha.

Pran Agro has achieved financial closure of a Tk 2,100 million ($25 million) non-convertible, redeemable bond, with credit guarantee from GuarantCo and fully subscribed by MetLife Bangladesh.  

Tea garden owners in Bangladesh have urged the government to keep the industry out of the purview of the strict nationwide lockdown beginning on July 23.

Bangladesh Textile Mills Association (BTMA) yesterday strongly denounced rumours regarding safety compliance in the country’s textile industry.

The Federation of Bangladesh Chambers of Commerce and Industry said if factories processing food and other essentials remain shut amid Covid restrictions, consumers will ultimately have to suffer due to price hike resulting from a disruption in the supply chain.

The Federation of Bangladesh Chambers of Commerce and Industry (FBBCI) today said consumers will suffer due to price spiral resulting from disruption in the supply chain if factories processing food and other essentials remain shut as part of restrictions to contain spread of Covid-19.