Prospect for country’s leather industry Prime Minister Sheikh Hasina’s announcement that her government has a plan to set up two more leather industrial estates –one each in Rajshahi and Chittagong–reflects the importance the government attaches to the development of the industry. The plan is indeed big in that the country is eying to earn $5.0 […]
Inexperienced Sikder Group wants Iconic Tower project: Muhith Local Sikder Group, which has no experience of constructing higher than four-storey buildings, has showed interest in erecting the proposed 142-storied Iconic Tower worth $1 billion, said Finance Minister AMA Muhith. Only two entities — Sikder Group and KPC Group of Companies — took part in the […]
Sweater exports on the rise Sweater shipment from Bangladesh is on the rise thanks to competitive pricing and longer winters in the Western world as a result of climate change, exporters said. Bangladesh exported sweaters worth $3.37 billion in fiscal 2016-17, up 5.64 percent year-on-year, according to data from the Export Promotion Bureau. Even three […]
Diversify exports, bring in more FDI Bangladesh must put serious effort in finding ways to diversify exports and attract more foreign direct investment to sustain its “very admirable and amazing” economic growth, says the European Union (EU). Bangladesh has maintained 7 percent growth over the last couple of years, it said. “It’s still a challenge […]
Build Laldia terminal in shortest possible time Shortest possible construction time and use of modern equipment for an output of international standard should be the prime criteria for selecting a private entity to build a multipurpose terminal in Laldia, Patenga. This is to ease the pressure on the Chittagong port which is already facing vessel […]
Give supporting documents for VAT exemption The National Board of Revenue has asked Premier Bank to furnish documents in favour of its sale of products and services totalling Tk 5,483 crore that have been claimed to be exempt from value-added tax. In the letter on January 29 from NBR’s field office, Large Taxpayers Unit, the […]
BUILD elects Mahbubul Alam as chairman. CHITTAGONG, Feb 6: Chittagong Chamber of Commerce and Industry President Mahbubul Alam has been elected trustee board Chairman of the Business Initiative Leading Development (BUILD). He has replaced Nihad Kabir, President of the Metropolitan Chamber of Commerce and Industry. The BUILD is a public-private dialogue platform that works closely […]
Norway to set up 800MW solar power plant in Chandpur A total of 3,002 acres of land will be required for setting up the power plant I Scatec Solar, a Norwegian power producing company, will set up an 800MW solar power plant in Chandpur at $1.0 billion. I Scatec Solar and Bangladesh Economic Zones Authority […]
SME policy draft gathers dust on MoI backburner A high priority to small and medium enterprise (SME) for Bangladesh’s economic development virtually loses much of its importance as the final draft SME policy remained shelved, sources said. They pointed out that the final draft of the SME policy was completed in mid-2016 and supposed to […]
Bangladesh among top 5 growth achievers of 45 LDCs in 2017: Unctad The United Nations Conference on Trade and Development (Unctad) has said only five countries, including Bangladesh of the 45 least developed countries (LDCs), achieved economic growth at 7 percent or higher in 2017. The four other countries are Djibouti (+7pc), Ethiopia (+8.5pc), Myanmar […]