Bangladesh's Corporate World

 Beximco Limited's corporate director Beximco Holdings announced to buy 3 crore shares worth around Tk500 crore of the company at the current market rate at Dhaka Stock Exchange (DSE), according to an announcement. As per the announcement, the corporate director will buy 3.42% shares of Beximco Ltd within the next 30 days. Beximco Ltd has been in the textile business. Mohammad Asad Ullah, company secretary of Beximco Limited, told The Business Standard, it is a strategic decision of the holding company to buy the shares.But he did not elaborate on the strategic plan. As the decision was revealed on the DSE website, Beximco shares – driven by a keen interest of the investors – topped the turnover chart with Tk161.78 crore trading at DSE Tuesday. The trading amounted to 12% of the total DSE turnover on that day. But the share price fell 0.57% and closed at Tk174.60 at the end of the Tuesday trading session at DSE. As per the annual report of the 2019-20 fiscal year, Beximco Holdings ...

Bangladesh is in talks with Saudi energy company ACWA Power to develop a large solar project which would supply Southeast Asian nations with one gigawatt of electricity as it shifts towards more clean energy sources, said Salman F Rahman, MP, the private sector industry and investment adviser to the prime minister. The country is also engaging in early talks with ACWA Power, in which the Saudi sovereign wealth fund PIF holds a 44% stake, about a potential green hydrogen project, Salman F Rahman, MP, told Arab News. "We have been talking with ACWA power for solar. In fact, ACWA power people were there in Bangladesh recently and they met our ministry of energy and they are negotiating a large solar project, a one gigawatt solar project. So, that is under negotiation," he said. "We hope to conclude it soon and they will be signing an agreement pretty soon," he added. Bangladesh has an installed capacity of 2.4 gigawatt, Rahman added, and the country needs more energy t...

 Prime Minister's Private Industry and Investment Adviser Salman F Rahman said that the blue economy is a new potential sector for investment in Bangladesh and it is possible to export billion dollars from this sector in the next few years. The Adviser said this while addressing a workshop as the chief guest titled "Blue Economy and Course of Actions" held at the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) office. Salman advised the FBCCI and BIDA to work together to find out why the progress of the once emerging sector, the shipbuilding industry has slowed down, and thus to fix the policy strategy. In addition, he said deep sea fishing trawlers or ships can be built under both domestic and foreign ownership. However, in this case, it is necessary to amend the policy of the Ministry of Fisheries and Livestock. Speaking as the special guest at the workshop, Deputy Minister for Water Resources AKM Enamul Hoque Shameem said that along with the plan to ...