Renewable energy conference begins in Dhaka tomorrow A three-day conference and exposition on renewable energy will begin at the Senate Building of the University of Dhaka tomorrow. The “National Renewable Energy Conference & Green Expo-2018” aims to cut reliance on non-renewable sources of energy and make Bangladesh energy autarky. The Institute of Energy of the […]
More export items to get cash incentive The government has expanded the list of exporters eligible for cash incentive by granting the facility to some nontraditional goods in order to boost overseas shipments. The finance ministry awarded 15 percent cash incentive to accumulator battery, shoe, and goods made of coconut fibre, and 10 percent to […]
Int’l trade to be more dynamic Bangladesh Bank is set to upgrade the Bangladesh Automated Clearing House (BACH) in a bid to help businesspeople settle their local export- and import-related transactions in a day instead of existing 7-10 days. The upgraded version, which will be called BACH II, is scheduled to go live on May […]
India-Thailand difference delaying FTA under BIMSTEC Difference between India and Thailand over market access is one of the main reasons why the FTA under BIMSTEC remained stalled during last couple of years. While India has demanded easing of rules for its professionals, Thailand has asked for relaxation in the foreign investment rules in multibrand retail […]
Ctg port expansion on unused railway lands can ease congestion: CMCCI The ongoing congestion in the major Chittagong Port could greatly be eased with the port\’s expansion on 65 acres of unused lands now lying under the control of the Bangladesh Railway (BR). The Chittagong Metropolitan Chamber of Commerce and Industry (CMCCI) highlighted such a […]
MRP project outlives tenure for drawbacks Cost more than doubles for deadline failures, may stand in way of e-passport introduction. Government passport authority feels it difficult to wrap up the long-drawn-out machine-readable passport (MRP) project for its insufficient delivery capacity, though the MRPs will be redundant pieces of travel document shortly. Another scheme, in the […]
Govt lowers source tax to 0.7pc for all sectors The government has reduced income tax at source to 0.70 per cent for all the export-oriented sectors, except jute and jute goods sector, which has been enjoying 0.60 per cent tax rate. The source tax for the export industries was increased to 1.0 per cent from […]
Talks on for gas pipeline from Chittagong to Tripura: Pradhan Agartala, Aug 7 () The Ministry of Petroleum and Natural Gas has taken up with Bangladesh for laying a pipeline for carrying natural gas from Chittagong to Tripura to meet the crisis of cooking gas (LPG) in the North-eastern region, Oil Minister Dharmendra Pradhan said today. “We are laying a pipeline for transportation of diesel […]
Tesco faces record $5.6b equal pay claim Supermarket group Tesco is facing a potential bill of up to 4 billion pounds ($5.6 billion) to bring the wages of its female employees into line with men, according to the law firm pursuing Britain’s largest equal pay claim. Tesco is Britain’s biggest retailer and its largest private […]
Paramount to build 200MW plant Paramount BTrac Energy Consortium is going to set up a 200-megawatt power plant in Sirajganj. The cabinet committee on purchase approved the associated Power Division proposal yesterday. The proposal says the government would purchase electricity at Tk 19.96 per kW/h from the diesel-based power plant. The tenure of the plant […]