Deals inked for $2.66b Japanese loans

Japan will provide $2.66 billion to Bangladesh to support construction of two major mega projects, including building of Dhaka’s first underground metro rail project, said a statement from the finance ministry.
22 November 2021, 18:00 PM

Bangladesh could capture $1.2b of recycled textile industry

Bangladesh has the potential to produce $1.2 billion worth of recycled textile and garment items as the country has a big production base for cotton fibre clothing items, according to a recent study by the Global Fashion Agenda (GFA) and McKinsey & Company.
22 November 2021, 18:00 PM

‘UN wants to follow RMG's example to improve work environment in industries’

The United Nations wants to work with the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) to improve the working environment of the industries in the country.
22 November 2021, 13:31 PM

Voice-activated car turns heads

PHP Automobiles, the local distributor for Malaysian automaker Proton Holdings Berhad, yesterday rolled out the Proton X70 SUV, the first voice-activated car in Bangladesh.
21 November 2021, 18:00 PM

‘Business-friendly environment will help in attracting FDI’

Creating a business-friendly environment as well as simplification of the investment process would help in bringing foreign direct investment, speakers say at a programme.
21 November 2021, 12:22 PM

Govt aims for major reforms to boost tax receipts

The government plans to merge development and revenue budgets, amend income tax laws and establish a procurement authority in the next three years as part of a set of reforms aimed at boosting revenue collection and ensuring transparency in expenditure.
20 November 2021, 18:00 PM

Chattogram Port: Phantom export raises alarm

Cybercriminals breached the “secure” NBR server to falsely show export of goods worth around Tk 12.78 crore.
18 November 2021, 18:00 PM

Registration a must for tour operators

The Jatiya Sangsad yesterday passed a bill to make it mandatory for tour operators and guides to get registered.
18 November 2021, 18:00 PM

Realtors hope for good response

Real estate companies are hoping for a good response from buyers at a four-day housing fair that kicked off in Chattogram yesterday as apartment sales in the port city gained momentum in line with the waning of the coronavirus pandemic.
18 November 2021, 18:00 PM

Bepza seeks more South Korean investment

The Bangladesh Export Processing Zones Authority (Bepza) has sought more South Korean investment in export processing zones in the country.
18 November 2021, 12:49 PM

'Bangladesh should negotiate at WTO for duty privilege extension'

Bangladesh should negotiate in the upcoming 12th World Trade Organisation (WTO) Ministerial Conference (MC-12) for the extension of the duty privilege after graduation from the list of Least Developed Countries (LDCs) in 2026, a noted economist said today.
18 November 2021, 09:51 AM

NBR names 9 highest VAT payer firms

The National Board of Revenue (NBR) today named nine firms for payment of highest amount of Value Added Tax (VAT) nationally in respective sectors for the fiscal year 2019-20 in an effort to encourage businesses to deposit the indirect tax paid by consumers properly to the state coffer.
17 November 2021, 13:14 PM

Ease of doing business will help Bangladesh attract more foreign investment: Ficci

Increasing comparative facilities for the investors and improvement in the ease of doing business will help Bangladesh attract expected foreign direct investment in different sectors, according to Foreign Investors' Chamber of Commerce and Industry (Ficci).
17 November 2021, 10:27 AM

Real estate fair kicks off in Ctg tomorrow

A four-day housing fair, styled “REHAB Chattogram Fair 2021”, will begin tomorrow at the Radisson Blu Chattogram Bay View hotel in the port city.
16 November 2021, 18:00 PM

Proposed EU move could strip garment shipment of duty benefit

A measure proposed by the European Union may affect Bangladesh’s robust apparel shipment to the bloc even if the country is awarded the Generalised System of Preferences (GSP) Plus status after its graduation to a developing nation.
16 November 2021, 18:00 PM

Listed pharmas post higher profits as demand picks up

Almost all listed pharmaceutical companies in Bangladesh logged higher profits in July to September thanks to higher sales as people shook off coronavirus fears to avail treatments and the lower cost of bank finances.
14 November 2021, 18:00 PM

'Software firms connecting people with global value chain'

The country’s software companies are connecting people in Bangladesh with the global value chain especially through microfinance clients, analysts said at a seminar today.
14 November 2021, 13:17 PM

Musk sells nearly $7b worth of Tesla shares this week

Tesla CEO Elon Musk offloaded a combined $6.9 billion worth of shares in the electric car company this week, taking advantage of a meteoric rally that vaulted the firm’s value to over $1 trillion.
13 November 2021, 18:00 PM

Bangladesh offers best incentives for investors

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged French investors to take note of Bangladesh as an ideal destination for relocating industries.
13 November 2021, 18:00 PM

Rod prices go through the roof

Rod prices in Bangladesh hit Tk 80,700 per tonne because of the persistent high prices of raw materials globally, supply constraints, and the latest hike in fuel prices locally, official figures showed on Friday.
13 November 2021, 18:00 PM