Foreign investors want to buy 25pc stake in DSE Three separate consortiums from China and India have showed interest in acquiring 45 crore shares or 25 percent ownership of the Dhaka Stock Exchange and becoming a strategic partner of the premier bourse. The DSE has a total of 180 crore shares, the face value of […]
Duty benefit won’t vanish overnight Duty-free and quota-free access for Bangladesh’s exports will not come to a screeching halt the moment the country graduates from the least developed country bracket, said an expert yesterday. “There is hope,” said Zahid Hussain, lead economist of the World Bank’s Dhaka office, at a session on Bangladesh’s transition from […]
China’s waste import ban upends global recycling industry Nations scrambling to find new places for growing piles of recyclables while some Chinese recycling companies have laid off staff or shut down, BEIJING (AFP) – For years China was the world’s top destination for recyclable trash, but a ban on certain imports has left nations scrambling […]
Bangladesh seeks duty-free access for RMG to Russia Commerce minister Tofail Ahmed speaks with visiting deputy agriculture minister of Russia Levin Sergey Lvovich at Bangladesh Secretariat on Sunday. — PDI photo Commerce minister Tofail Ahmed on Sunday sought duty- free market access of all Bangladeshi export products, including readymade garments, to Russia to increase trade […]
City Group gets licence to set up economic zone City Group got a licence from Bangladesh Economic Zones Authority (Beza) yesterday to set up “City Economic Zone Limited” on 77.96 acres of land in Narayanganj’s Rupganj. The group has already opened letters of credit to import machinery for three industrial units inside the zone, according […]
Bepza summit for global investors today Bangladesh Export Processing Zones Authority (Bepza) is set to organise “Bepza International Investors Summit 2018” today highlighting its contribution to the economy in the past nine years. The summit will shed light on its achievements in investment, export and employment generation, said a Bepza statement yesterday. Prime Minister Sheikh […]
VAT online project’s tenure extended to December 2020 The tenure of VAT online project has been extended by two years to December 2020 in line with the deferment of the new VAT law. The Executive Committee of the National Economic Council (Ecnec) yesterday approved the project’s second revision where its expenditure has also been increased […]
Rights gr blames ‘manipulation’ as onion prices double in a year The prices of onion have edged down, but the near-indispensable cooking ingredient in Bangladeshi households is still selling at double the price it was in the same period last year. On Saturday, the local variety of onion was selling at Tk 70 to 75 […]
Major safety concerns still remain unresolved in many RMG units Major life-threatening safety concerns still remain outstanding in many garment factories inspected by the western retailers’ platform — Accord — although 80 per cent of identified safety flaws have so far been fixed. In its quarterly progress update till October 01, the Accord said inadequate […]
Customs intelligence fears rise in false declarations The Customs Intelligence and Investigation Directorate (CIID) warned of an increase in false declarations due to an order of the National Board of Revenue on the assessment of duty of imported packaged goods like cosmetics and perfumes. The NBR at the end of last year directed field offices […]