A customer browses through different denim products, at the two-day Bangladesh Denim Expo at International Convention City Bashundhara in Dhaka yesterday. Photo: Star At least six new denim mills will come into operation in Bangladesh in the next two years with an investment of $100 million. The increasing demand for denim fabrics from garment makers […]
MA Mannan, state minister for finance and planning, attends a roundtable on the export potential of Bangladesh at Prothom Alo office in Dhaka yesterday. BGMEA Exporters yesterday demanded long-term and stable tax and energy polices such that they can make their future investment plans accordingly. “We need a long-term roadmap from the government on taxes […]
The National Board of Revenue is set to waive the import duty and taxes on electronic cash registers (ECRs) in a bid to encourage retailers to buy the sales data recording devices and ensure compliance in value-added tax collection. However, the zero-duty import benefit will be applicable for those importers who will bring in fiscal […]
The government yesterday honoured 131 exporters with CIP (commercially important person) cards for their extraordinary performance in 2014. The commerce ministry and the Export Promotion Bureau also awarded CIP cards to 33 business-persons from different business chambers and trade bodies under the ex-officio category. Commerce Minister Tofail Ahmed handed the CIP cards at a ceremony held at […]
Bangladeshi entrepreneurs in the power, energy and bridges sectors can access low-cost funds for up to 20 years thanks to a new credit from the World Bank. The funds became available after the government signed two agreements with the Washington-based lender involving $457 million yesterday. Of the amount, $357 million will be used to help […]
From left, Lee George Lam, vice chairman of UN ESCAP Business Advisory Council (EBAC); Mahbubur Rahman, chairman; Hongjoo Hahm, deputy executive secretary of UN ESCAP, and Marc Proksch, chief for investment and enterprise development section of Trade, Investment and Innovation Division at UN ESCAP, attend the 13th meeting of EBAC at UN ESCAP office in […]
It has been around 17 months that the government halted issuing and renewing internet service providers’ licences, creating a lot of mishmash in the business. Some leading internet companies said they are losing a considerable amount of business as corporate offices are discontinuing contracts for this halt. A senior executive of a leading internet service provider […]
The country’s IT industry would generate revenue worth around $1.1 billion this year and it has a fivefold growth prospect to reach around $4.8 billion by 2025. The information was revealed yesterday in the whitepaper titled “Betting on the future-the Bangladesh IT/ITES industry is poised for growth”, prepared by the Everest Group with the cooperation […]
Europe’s economic recovery is gathering steam, with eurozone unemployment falling to its lowest level since January 2009 and inflation picking up, official figures showed Thursday. The EU’s official statistics agency announced that the jobless rate in the single currency area fell to 8.8 percent in October, with inflation rising to 1.5 percent. The positive data […]
4cr internet users in Bangladesh: Google Google yesterday said the number of active internet users in Bangladesh stands at 4 crore with 35 percent using it every day. However, Bangladesh Telecommunication Regulatory Commission in its monthly report stated that there were 7.92 crore internet users as of September. Officials of the technology giant disclosed the […]