The Bangladesh Investment Development Authority (Bida) will recommend formulating adequate policy measures for non-performing loan (NPL) resolution and NPL market creation to the government as it would lead to more foreign direct investment.

Bangladesh will lose one of the most promising apparel export destinations if various Russian lenders are excluded from the SWIFT messaging system in response to the country’s invasion of Ukraine, entrepreneurs warned.

The implementation of the government’s plan to bring about large-scale industrialisation is in the slow lane as only two state-run economic zones are currently ready for setting up factories although Bangladesh set out nearly seven years ago to establish them.

The construction of the cargo vehicles terminal at the Benapole Port has begun as the government looks to improve the capacity of the largest land port in South Asia.

Mobile users in Bangladesh are suffering from slower data speed despite the launch of fourth-generation (4G) technology four years ago, as operators have failed to ensure the minimum internet speed set by the regulator.

Although five years have passed since the Bangladesh Small and Cottage Industries Corporation (BSCIC) made plans to establish an industrial park for automobile and light engineering industries in Jashore, the agency is yet to finalise the exact location for the project.

The size of the economy matters. The size of the domestic market, popularly known as the “scale effect” in growth theory, has a strong bearing on the paths of industrialisation of an economy.

Most listed companies in Bangladesh do not post their quarterly financial reports within 48 hours of securing approval from their boards as they take advantage of the lack of specific regulations in this regard, according to experts.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) yesterday urged the country’s revenue authority to avoid imposing any supplementary duty on locally produced goods in the next fiscal year.

Without big data, you are blind and deaf and in the middle of a freeway.

The development of 1,000 acres of land in Araihazar of Narayanganj has been completed for Japanese investors, Finance Minister AHM Mustafa Kamal said today.

The owners of hotels, motels, resorts and guesthouses in Bangladesh yesterday demanded tax waivers on the goods imported and services rendered by their businesses in order to develop the local tourism sector and attract more foreign travellers.

After repeated revision of deadlines and costs, the long-awaited Joydevpur-Elenga Highway project is finally nearing completion and even at a slightly lower expenditure.

Investment needs to focus on the lowest-cost, lowest-carbon oil and gas resources, UAE Industry Minister Sultan al-Jaber said at the Munich Security Conference, the state news agency WAM reported on Saturday.

The National Board of Revenue (NBR) has extended its income tax exemption facility to foreigners working at the elevated expressway being constructed under a public-private partnership.

South Korea is keen to invest in Bangladesh’s garment and other major sectors as it looks to elevate the bilateral relations to a new height, said South Korean Ambassador Lee Jang-Keun yesterday.

The construction of the country’s first industrial park for electrical and light engineering product manufacturers in Munshiganj is set to be complete in June.

Global ports and terminal operator APM Terminals, a subsidiary of Danish shipping company AP Moller Maersk, has expressed interest in developing and operating the under-construction Patenga Container Terminal of the Chattogram port.

Businesses yesterday urged the government to hold comprehensive discussions with trade bodies before finalising the newly drafted income tax law.

The government’s move to include city corporations in the approval process for construction in Dhaka directly contradicts its effort to improve the ease of doing business in Bangladesh, according to various realtors.