Young people in Bangladesh are increasingly joining the country’s largely untapped tourism sector on completion of the tertiary-level education instead of running after government and private jobs.

Amran Hossain, a private service-holder, invested around Tk 8 lakh in the stock market through Dawn Securities in 2009.

The country’s lone state-run distillery Carew & Company (Bangladesh) is planning to double alcohol production through an automation project and go for market expansion observing a recent hike in sales.

The conventional textbook approach of export-led growth models rooted in export-oriented manufacturing and climbing up the value chain has been the canonical models for growth for the East Asian countries (e.g., Japan, S. Korea, Taiwan, and China). This model is widely advocated for other developing countries for both enhancing growth and reduction of poverty.

Bangladesh  Cards Ltd, a joint venture between Japanese, Australian and Bangladeshi  investors, is going to invest $100 million in a local hi-tech park to  manufacture high-end technology products, including smart cards and  specialised security items, to cater to the growing domestic and  international markets.

No  new dyeing factory was set up in Bangladesh last year although the  segment is crucial to supporting the roaring apparel sector looking to  double its exports.

The spinning sector in Bangladesh witnessed a major jump in investment last year as entrepreneurs set up 26 new mills to meet rising demand despite uncertainty in the global apparel supply chain owing to the pandemic.

Tesla said Sunday it delivered nearly one million vehicles in 2021, almost twice as many as in the previous year, results that were better than expected despite global supply challenges.

Only 37 per cent of 62.77 lakh registered taxpayers filed income tax returns until January 2, the last day for filing income and wealth statements by individuals, according to the National Board of Revenue (NBR).

Revenue collection grew 11 per cent year-on-year in November powered by the revival of economic activities and higher income tax payments by individuals ahead of the return submission deadline.

The government should take initiative to harness the potential of bilateral trade with Indonesia, said Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

A newly built service jetty, overflow yard and a modern swimming complex were opened at Chittagong port yesterday.

Implementation and monitoring should be emphasised in the national chemical management guideline for textile and garment industry in Bangladesh to realise optimum export, suggested experts yesterday.

Business leaders yesterday sought the prime minister’s attention to save the ailing non-textile factories, which are struggling to stay afloat owing to the ongoing financial crisis.

The year 2021 started with a hope to overcome the crisis caused by the coronavirus pandemic and rebuild the industry. With many momentous changes that happened throughout the year, it was a year of challenges and turnaround, yet a significant moment to transit to the next phase of development.

Business leaders today sought the prime minister’s attention to save the ailing non-textile factories, which are struggling to stay afloat owing to the ongoing financial crisis.

Bangladesh’s premier seaport in Chattogram handled record number of containers in 2021 and also posted over 13 per cent year-on-year growth in container handling.

Manufacturing activity in China edged up in December, official data showed Friday, beating expectations as the price of commodities eased and despite sporadic closures due to Covid outbreaks.

Today is the last day for submission of tax returns although the deadline was two days back on Friday, December 31, 2020, which being a weekend had prompted the National Board of Revenue to shift the cut-off day to a workday.

Mongla Export Processing Zone (EPZ) has opened a dormitory for female workers, the first such facility in the country’s eight manufacturing enclaves, to solve their accommodation problems.