Bangladesh’s investors have a good prospect in the growing infrastructure sector of Rwanda, one of the promising countries in Africa, said a business leader yesterday.

Tax Commissioner Md Iqbal Hossain and Additional Tax Commissioner Mohammad Mahmuduzzaman have been elected president and secretary general respectively of BCS Taxation Association for a two-year term.

The government is keen to open Ramgarh land port in Khagrachhari by 2023 in order to boost trade with north-eastern states of India, according to officials of the Bangladesh Land Port Authority (BLPA).

Bangladesh is now seeking more cotton from the US to diversify the destinations from where the country sources the natural fibre in this current world of intense competition.

The International Finance Corporation (IFC) has planned to invest $5 billion in diversified sectors in Bangladesh such as light engineering, economic zones, financial and capital markets, and growth-enabling sustainable infrastructure in the next five years.

Grameenphone aims to realise the full potential of the fourth-generation (4G) technology as the super-fast mobile telephony can support customers in their digitalisation journey, said Jorgen C Arentz Rostrup, chairman of the largest mobile phone operator in Bangladesh.

The country’s four mobile operators, including state-owned Teletalk, are participating in a spectrum auction scheduled to be held on March 31, having already submitted earnest money with Bangladesh Telecommunication Regulatory Commission (BTRC).

The National Board of Revenue (NBR) has exempted elevator assemblers from paying value-added tax (VAT) for three more years until June 30, 2025, to encourage the growth of domestic manufacturing capacities.

The ever popular peanut has maintained a steady uptick in consumption for many years now, turning it into a major cash crop for local growers, especially those in char areas along Jamuna River in Tangail.

Bangladesh has continued to witness a rise in the number of broadband connections with the severity of the pandemic waning remarkably while mobile operators have been losing internet subscribers in recent months.

The value added tax (VAT) on beauty parlour services will not be reduced in the upcoming national budget, announced National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem yesterday.

The value-added tax (VAT) on beauty parlour services would not be reduced in the upcoming national budget, Abu Hena Md Rahmatul Munim, chairman of the National Board of Revenue (NBR), said today.

South Korea is looking at bringing in investments of major Korean brands like Samsung, Hyundai and Daewoo to Bangladesh in the areas of construction, engineering, electronics and automobiles as Bangladesh is improving associated environments and expanding the market base.

Wall Street stormed back this week after absorbing a long-awaited rate hike from the Federal Reserve, leaving investors to determine whether stocks are set for a sustained rebound or more turbulence.

Kuakata, a town in Kalapara upazila of Patuakhali, has become a hotbed for tourism once again as visitors are flocking to the popular seaside destination for much-needed rest and relaxation amid the receding coronavirus crisis.

A good number of old and new garment factories are now seeking membership of RMG Sustainability Council (RSC) as the audit standard of this tripartite platform is very high.

State-owned Bangladesh Shipping Corp is seeking $22.4 million from its insurer for a cargo ship hit by a missile in March, government officials with knowledge of the talks said, in the first major marine insurance claim from the conflict in Ukraine.

The Bangladesh Economic Zones Authority (Beza) is set to sign a deal with Bangladesh Special Economic Zone Ltd today for faster completion of the economic zone for Japanese investors on the occasion of the 50th anniversary of diplomatic relations between the two nations.

Robi posted 3 per cent rise in its earnings in the financial year ended on December 2021, said the second largest mobile phone operator in a disclosure yesterday.

The establishment of the diplomatic mission of Romania in Dhaka will foster trade and investment between the two countries and pave the way for exporting skilled workforce to the European nation, speakers said yesterday.