Payra port’s first terminal likely to open by October

The Payra sea port’s first terminal is expected to be up and running by October, facilitating transport of goods from mother vessels and speeding up operations in the country’s third major seaport. The terminal, built on the banks of the Rabnabad channel, will have the capacity to simultaneously load three 200-metre-long mother vessels. The 650-metre main terminal will have a 3.25 lakh square metre backup yard and a 10,000 square metre container freight station facility. Two more terminals are also under construction. With Belgian company Jan De Nul completing capital dredging on the country’s deepest channel in March this year, mother vessels began using the jetty at the Payra thermal power plant adjacent to the Payra port. Another 1.12km bridge is also being constructed over the Andharmanik river, Rahman said, adding that work on a six-lane 6.35-km road was also proceeding rapidly. Till August, Payra Port Authority earned Tk 913.19 crore in revenues from 339 foreign commercial ships and 1,459 domestic lighterage vessels using the port’s under-construction facilities.

Source: https://www.thedailystar.net/business/economy/industries/ports-and-shipping/news/payra-ports-first-terminal-likely-open-october-3416496

Bangladesh’s RMG export potential to EU $60b by 2030

In FY23, Bangladesh’s exports to the world market were more than $55 billion, where RMG’s share was $47 billion and non-RMG’s share was $8.5 billion. Bangladesh has the potential to increase its export earnings to $22.5 billion from major non-RMG products to the European Union by enhancing its supply-side capacity, suggests a study. Additionally, earnings from ready-made garment exports could rise up to $60 billion to the EU market through the diversification of garment items, according to the study of the Research and Policy Integration for Development Bangladesh (RAPID). In FY23, Bangladesh’s exports to the world market were more than $55 billion, where RMG’s share was $47 billion and non-RMG’s share was $8.5 billion. Currently, Bangladesh exports more than 400 types of products to around 200 countries. The estimations indicate that the top 45 major products have the potential to range from $8.5 billion to $22.5 billion in the EU market.

Source: https://www.tbsnews.net/economy/rmg/bangladeshs-rmg-export-potential-eu-60b-2030-698818

BRAC Bank launched first female-only scholarship – ‘Aporajeyo TARA’

BRAC Bank has launched the first female-only scholarship – ‘Aporajeyo TARA’ – for students of Dhaka University and BRAC University. The inaugural ceremony of ‘Aporajeyo TARA’ for the students of Dhaka University was held at the Faculty of Business Studies on Sunday. Fatima Yasmin, senior secretary at the Ministry of Finance, attended the ceremony as the chief guest. Prof Dr Md Akhtaruzzaman, vice chancellor, University of Dhaka; Selim RF Hussain, managing director and CEO, BRAC Bank; Dr Muhammad Abdul Moyeen, dean, Faculty of Business Studies, University of Dhaka; were present.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/brac-bank-launched-first-female-only-scholarship-aporajeyo-tara-1694453907