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Shein Plans HK$13.86bn Hong Kong IPO for September
Business

Shein Plans HK$13.86bn Hong Kong IPO for September

Fast-fashion giant Shein plans to raise up to HK$13.86bn through a Hong Kong stock market initial public offering. The upcoming offering is being backed by major Wall Street investment firms including Goldman Sachs, Morgan Stanley and JP Morgan.

Pubali Bank Disputes NBR Claim Over Excess VAT Interest Demand
Business

Pubali Bank Disputes NBR Claim Over Excess VAT Interest Demand

Pubali Bank has formally contested a multi-crore interest claim levied by the National Board of Revenue concerning previously settled value-added tax payments. The financial institution addressed a letter to the NBR's VAT Policy member requesting a full reconsideration.

Gas Supply Resumes From Excelerate LNG Terminal Amid Load Shedding
Business

Gas Supply Resumes From Excelerate LNG Terminal Amid Load Shedding

Excelerate Energy has resumed gas pipeline supplies from its Maheshkhali floating LNG terminal following a three-day shutdown caused by a fire incident. However, ongoing electricity load shedding continues across the country due to reduced coal-based power generation and significant gas shortages.

Bangladesh Plans Fleet Expansion and New Direct Flights to New York
Business

Bangladesh Plans Fleet Expansion and New Direct Flights to New York

Civil Aviation and Tourism Minister M. Rashiduzzaman Millat outlined major future flight plans, aircraft leasing strategies, and airport developments during his first working day briefing in Dhaka. Key initiatives include leasing ten aircraft, expanding runway infrastructure, and targeting a January launch for New York flights.

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