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News Snippets
Monthly business magazine
Japan invests USD
330m in Summit
Power
Japan’s largest energy
company JERA Co. Inc.
recently acquired a 22%
stake in Summit Power
International Limited,
for USD 330 million. The
investment has been finalized
within only four months of
7
News Snippets
Cotton import to rise in Bangladesh
Due to the USA-China trade war, China became very expensive for western
garment retailers and brands hence they are coming back to Bangladesh
with a lot of work orders, as a result, Bangladesh’s cotton consumption will
continue to grow. Bangladesh imported 226,000 bales of cotton each year
between 2015 and 2017 but the quantity tripled to 785,000 bales in 2018. Last
year Bangladesh imported 8.26 million bales of cotton worth US$ 3 billion
out of which 11 percent from the USA.
signing the memorandum
of understanding (MoU)
between JERA and Summit
in Tokyo. JERA will strive to
increase the corporate value of
Summit through the efficient
construction and operation of
its power generation facilities.
Japan-Bangladesh
JV Hospital about to
launch
Japanese health service
provider SHIP Healthcare
Holdings and a Bangladeshi
organization Aichi Medical
Group almost completed a
650-beds joint venture multispecialized
Japan East-West
Medical College Hospital at
Ashulia, Dhaka investing US$
65 million. Japanese Doctors,
nurses and hospital managers
will work in the hospital in the
first phase as trainers to train
local resources aiming to place
the high quality of service. The
hospital will introduce artificial
intelligence technologies for
diagnostic purposes in the near
future.
december, 2019
Monthly business magazine