Bangladesh advances further in logistics competence

Bangladesh has demonstrated further progress in the logistics sector, advancing two positions to claim 33rd place among the 50 most promising emerging logistics markets worldwide, according to the 2024 Agility Emerging Markets Logistics Index. This positive development is attributed to the country’s performance in domestic logistics opportunities, digital readiness, and business fundamentals. The gain follows a four-position improvement achieved in the previous year’s index, where Bangladesh reached the 35th position. Half of the 830 industry professionals surveyed for the 2024 Agility Emerging Markets Logistics Index expect a global recession in the coming year – down from nearly 70% a year ago. Bangladesh also climbed 12 positions in the World Bank’s Logistics Performance Index 2023, ranking 88th out of 139 countries, compared to 100th in 2018. This further underscores the country’s ongoing efforts to improve its logistics sector.

Source: https://www.tbsnews.net/economy/bangladesh-advances-further-logistics-competence-788506

 ACI invests $20m in fruit-juice production with Danish firm

A joint venture between business conglomerate ACI Limited and Danish juice giant CO-RO has established a fruit drink factory with a $20 million investment and aims to gradually expand their footprint in the country’s beverage industry. Established in 1942, CO-RO has been refreshing and delighting international markets for over 50 years, particularly it boasts robust positions across the Middle East, Asia, Europe, and Africa. Today CO-RO brands have consumers in over 80 markets. ACI Limited is also listed on the country’s stock market, with its shares closing at Tk188.50 each on Tuesday at the Dhaka Stock Exchange.

Source: https://www.tbsnews.net/economy/aci-invests-20m-fruit-juice-production-danish-firm-788542

 BIDA to integrate 150 more services into OSS by March

The Bangladesh Investment Development Authority (BIDA) aims to integrate 150 more investment-related services into its virtual One Stop Services (OSS) by March. The investment promotion agency has already incorporated 112 services onto the platform, with the goal of enhancing the investment climate in the country. During a progress meeting at the BIDA headquarters, Biniyog Bhaban, in Agargaon, on Wednesday, BIDA Executive Chairman Lokman Hossain Miah emphasised the development of the OSS platform as a single point of entry for investors in the country. Presently, BIDA offers 112 investment services from 37 departments through the BIDA OSS platform.

Source: https://today.thefinancialexpress.com.bd/trade-market/bida-to-integrate-150-more-services-into-oss-by-mar-1707326593