Sunday, November 18, 2018 | ePaper

Honda to start producing motorbikes in BD this year

  • Print
Business Desk :
The Japanese Honda Motor Company is going to manufacture motorcycles in Bangladesh this year as the company's concern "Bangladesh Honda Private Limited" is setting up a motorcycle assembling and manufacturing plant in the country.
This was disclosed at a meeting between Industries Minister Amir Hossain Amu and a delegation from Bangladesh Honda Private Limited at the Industries Ministry in the city, said a press release.
Among others, Industries Secretary Muhammad Abdullah, Chief Operating Officer of the Honda Motor Company Limited Noriaki Abe, director of the Asia and Oceania Region of Honda Motor Akira Murayama and Managing Director of the Bangladesh Honda Private Limited Yuichiro Ishii were present in the meeting.
The meeting discussed various issues, including policy supports for the development of motorcycle industry and spare parts production for motor cycles.
In his speech, Amir Hossain Amu said the government is providing special focus on modern technology based industrialization through providing all sorts of policy supports to build manufacturing industries.
So, the motor cycle industries are also getting all facilities, including tax benefit, in the country, he added.
The minister said the spare parts for motor cycles will be produced through joint investment or Industries Ministry operated factories.
Japanese Honda Motor Company started its operation through opening a joint venture company with the state-owned Bangladesh Steel and Engineering Corporation (BSEC) called 'Bangladesh Honda Private Limited'.

More News For this Category

M Hares Ahmed, Managing Director of RR-Imperial Electricals Limited (a Bangladesh-India joint venture electric wires and cable manufacturering industry), inaugurating its 15th display center at city's Uttara area recently. Mahboob Hossain Mridah, Director, Abu Rayhan Rasel, Dhaka Divisional In-Charge and Md. Yusuf Ali, DGM (Marketing & Sales) of the company were also present.

M Hares Ahmed, Managing Director of RR-Imperial Electricals Limited (a Bangladesh-India joint venture electric wires and cable manufacturering industry), inaugurating its 15th display center at city's Uttara area recently. Mahboob Hossain Mridah, Director, Abu Rayhan Rasel, Dhaka Divisional In-Charge and Md. Yusuf Ali, DGM (Marketing & Sales) of the company were also present.

.

Malaysia's FDI rises to $150b in Q3

Xinhua, Kuala Lumpur :Malaysia's foreign direct investment (FDI) increased to 614.7 billion ringgit (146.6 billion U.S. dollars) in the third quarter, from 590.3 billion ringgit in the second quarter,

Paris, Berlin agree on future eurozone budget

AFP, Paris :France and Germany have agreed on the broad outlines of a proposed eurozone budget which they will present to EU finance ministers in Brussels on Monday, a

ECB sees 'no reason' for eurozone slowdown

AFP, Frankfurt :European Central Bank President Mario Draghi said Friday he saw "no reason" why growth in the eurozone should wither, minimising a sharp slowdown in the third quarter."There

Rajesh Surana, CEO of LafargeHolcim Bangladesh, receiving the Highest Taxpayer Award in the cement manufacturing category in 2017-18 from the State Minister for Finance and Planning M A Mannan at Sonargaon Hotel in the city recently. Md. Mosharraf Hossain Bhuiyan, NBR Chairman and Iqbal Chowdhury, CFO of the company were also present.

Rajesh Surana, CEO of LafargeHolcim Bangladesh, receiving the Highest Taxpayer Award in the cement manufacturing category in 2017-18 from the State Minister for Finance and Planning M A Mannan at Sonargaon Hotel in the city recently. Md. Mosharraf Hossain Bhuiyan, NBR Chairman and Iqbal Chowdhury, CFO of the company were also present.

.

Khairul Bashar Abu Taher Mohammed, CEO of MTB Capital Limited (MTBCL) and Dr. Ali Afzal, Chairman of Krishibid Feed Limited, exchanging an agreement signing document at the Bank's head office in the city recently. Under the deal, MTBCL will act as the Issue Manager and Corporate Adviser for capital raising and Initial Public Offering (IPO) of Krishibid Feed Limited. Top officials from respective organizations were also present.

Khairul Bashar Abu Taher Mohammed, CEO of MTB Capital Limited (MTBCL) and Dr. Ali Afzal, Chairman of Krishibid Feed Limited, exchanging an agreement signing document at the Bank's head office in the city recently. Under the deal, MTBCL will act as the Issue Manager and Corporate Adviser for capital raising and Initial Public Offering (IPO) of Krishibid Feed Limited. Top officials from respective organizations were also present.

.

Giant chinese Conglomerate CITIC keen to finance billions

Giant chinese Conglomerate CITIC keen to finance billions

Business Desk :CITIC Construction Co. Ltd., a construction and engineering subsidiary of CITIC Group, a Chinese state owned conglomerate is coming to Bangladesh with a strong interest of giant

US, China hold security talks amid trade tensions

AP, Washington :Even as the United States and China butt heads over trade, their top diplomats and defense chiefs were meeting in Washington on Friday, looking to tamp down

Walton exports fridges to Yemen

Business Desk :Export markets of the Bangladesh's multinational electronics brand 'Walton` have been expanding very rapidly. Recently, a Middle East country 'Yemen' was enlisted in the list of importing

Syed Faridul Islam, DMD and Chief Risk Officer of Prime Bank Limited and A Dasgupta, CEO of LIC Bangladesh Limited, exchanging an agreement signing document for pan-country collection at the Bank's head office in the city recently. Under the deal, LIC Bangladesh Ltd will be able to better manage their pan country receivables from their customers. Top officials from the organizations were also present.

Syed Faridul Islam, DMD and Chief Risk Officer of Prime Bank Limited and A Dasgupta, CEO of LIC Bangladesh Limited, exchanging an agreement signing document for pan-country collection at the Bank's head office in the city recently. Under the deal, LIC Bangladesh Ltd will be able to better manage their pan country receivables from their customers. Top officials from the organizations were also present.

.