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Europe panicked over India’s pharma export curbs

India’s top pharmaceuticals export group said the government’s curbs on some drug exports amid the spreading coronavirus outbreak has caused panic in Europe and will “severely impact” businesses in the sector. India, the world’s main supplier of generic drugs, has restricted the export of 26 active pharmaceutical ingredients (APIs) and the medicines made from them, in a move seen aimed at tackling possible domestic shortages of medicine during the outbreak, reports Reuters, New Delhi.

Women entrepreneurs in producing jute products

Bangladesh has taken a lead in women empowerment in South Asia as they are showing their competence and courage in starting new jute ventures, contributing to bringing a positive change in society. “It gives me an immense pleasure whenever I see satisfaction in the eyes of my international buyers,” said Afsoma Asif, a middle-aged women entrepreneur who manufactures and exports diversified jute products. jute goodsSoma, who achieved Outstanding Business Woman Award for her innovation in making various diversified jute ...

Saudi-bound passengers to get refund

Biman Bangladesh Airlines will refund to its passengers who, bought tickets for traveling to Saudi Arabia for performing Umrah or tourism purposes, as the Saudi government has imposed a temporary ban on Umrah pilgrims and tourists to stop the spread of coronavirus in the Kingdom. bimanIf the passengers want to travel to Saudi Arabia after withdrawal of the ban, they would be able to get seats, subject to availability, said a Biman press release on Thursday, reports BSS. However, the passengers who have work permits or employmen...

GE selected to develop power plant in BD

In its continued efforts to provide the most advanced energy solutions to Bangladesh, GE Power (NYSE: GE) today announced that it has been selected by Unique Group, to develop the 600 megawatt (MW) natural gas based combined cycle power plant at Meghnaghat, near Dhaka, Bangladesh. Unique Meghnaghat Power Limited (UMPL) will be executing the project. The power plant will produce power equivalent to the electricity needed to supply about 700,000 homes in the region.

ADB approves $ 500 for BD power plant

The Asian Development Bank's (ADB) Board of Directors has approved a $500 million loan to develop a state-of-the-art 800 megawatt (MW) power plant in Khulna, Bangladesh, along with associated connections to natural gas and power transmission facilities. "In the face of rising demand for energy in a growing economy, the Rupsha power plant will be the first of its kind in Bangladesh, vastly increasing the availability of efficient and cleaner adb1energy," ADB Energy Specialist Aziz Yusupov was quoted as saying in a statement received on...