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Business

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Ecolet to invest $16m for LED plant in Mirsarai BEPZA zone
Business

Ecolet to invest $16m for LED plant in Mirsarai BEPZA zone

Ecolet Private Limited has signed an agreement with BEPZA to establish a 16 million US dollar 100 percent export-oriented LED manufacturing plant. The factory will be located in the BEPZA Economic Zone in Mirsarai, Chattogram, creating jobs for at least 306 Bangladeshi nationals.

Global Gold Prices Fall as US Rate Hike Expectations Grow
Business

Global Gold Prices Fall as US Rate Hike Expectations Grow

Global gold prices experienced a notable decline on Friday morning as market participants weighed economic data and shifting monetary policy expectations. Spot gold and US gold futures both retreated amid rising probabilities of interest rate adjustments.

Jalil Textile Mills Land Handed Over to Bangladesh Army
Business

Jalil Textile Mills Land Handed Over to Bangladesh Army

An agreement was signed on August 27, 2026, to transfer 54.99 acres of land belonging to Jalil Textile Mills Limited to the Bangladesh Army. The property, formerly under the Bangladesh Textile Mills Corporation, will be utilized for the expansion of the Bangladesh Ordnance Factory.

Rivian CFO Claire McDonough Resigns Ahead of GE Vernova Move
Business

Rivian CFO Claire McDonough Resigns Ahead of GE Vernova Move

Rivian Chief Financial Officer Claire McDonough is stepping down from her role at the electric vehicle maker by the end of October 2026. Derek Mulvey will take over the financial leadership position on an interim basis as McDonough transitions to a new role at GE Vernova.

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