Bangladesh needs to have the appropriate policy for intellectual property (IP) protection, the legal framework of which is still incomplete, to encourage innovation and attract foreign investment, experts said yesterday.

Another privately built jetty has come to the aid of the Chattogram port as it allowed the country’s largest seaport to use the facility to berth bulk vessels carrying heavy items.

A recent unusual price hike of the Beacon Pharmaceuticals stock prompted the company to inform investors on July 28 that it had no undisclosed information that could have instigated the rise.

The Bangladesh Bank should raise the cash reserve ratio to mop up excess liquidity from the banking system, said the Centre for Policy Dialogue yesterday as it put forward a set of proposals for the effective implementation of the monetary policy.

Exports declined in July as reduced working days for Eid-ul-Azha and coronavirus containment measures affected the production and shipment of most of the items, including clothing, the main foreign currency earner.

Factory activity in India bounced back in July as demand surged both at home and abroad, prompting companies to create new jobs for the first time since the onset of the pandemic, a private sector survey showed on Monday.

Golden Harvest Group has recently witnessed the appointment of its new deputy managing director (DMD). 

Britain’s factories reported a further slowing of growth in July - although it was still one of the fastest paces on record - as they struggled with staff shortages and supply chain problems caused by the Covid-19 pandemic, a survey showed on Monday. 

Financial institution Mashreq of the United Arab Emirates (UAE) has named Kazi Ziaul Islam as its chief country representative of Mashreq Bangladesh. 

Britain’s SSE on Monday agreed to sell its entire 33.3 per cent stake in Scotia Gas Networks (SGN) for 1.225 billion pounds ($1.70 billion) as the power producer sharpens its focus on renewables and low-carbon electricity.

The number of tenders invited through the e-GP portal crossed 5 lakh yesterday having a total value of about Tk 5,10,499 crore. 

Trade through the Banglabandha land port resumed on Saturday after remaining suspended for 12 days marking Eid-ul-Azha.   

Bangladesh has sought US investments in oil and gas exploration, particularly at offshore sites.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has called upon the government to allow them to reopen all types of factories for the sake of investment, employment and smooth supply chain.

The number of broadband internet connections has surpassed the 1 crore mark in June for the first time as a vast number of people now rely on the internet due to the pandemic which propelled work from home practices and remote learning.

Experts yesterday emphasised sustainable and efficient river dredging and its proper maintenance to improve the country’s inland waterways to propel industrial and socio-economic development.

Tax collection bounced back in Bangladesh in the last fiscal year to grow at the sharpest pace in 10 years, riding on increased imports and an uptick in receipts of value-added tax.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has called upon the government to allow them to reopen all types of industries and factories for the sake of investment, employment and to maintain the supply chain.

The government has decided to keep all the export-oriented factories and industries open from August 1 amid the ongoing strict lockdown which started from July 23.

Samsung Electronics’ net profits surged more than 70 per cent in the second quarter thanks to higher memory chip prices fuelled by pandemic-led demand, the South Korean tech giant reported Thursday.