Staff Reporter

The government yesterday signed a Memorandum of Understanding (MOU) for modernisation of the Mongla Port, with a view to making it a regional shipping hub.
The deal with a Singapore company is one of the biggest direct foreign investment (FDI) agreements signed so far.
David Wignall, Managing Director of David Wignall Associates of Singapore and Commodore M Farooque BN, Chairman of Mongla Port Authority signed the MoU worth Tk 21 thousand crore on behalf of their respective sides.
Shipping Minister Shajahan Khan was present as chief guest. [Read more]