NBR forms body to frame investor-friendly policies The revenue authority has formed a panel aiming to frame investment-friendly fiscal measures and improve the business climate to attract both foreign and domestic investors. Termed as the Investment Promotion Team (IPT), the 21-member panel comprises representatives from investment promotion agencies and trade bodies, according to a notification […]
Govt to build flats for poor people in Ctg CHATTOGRAM, May 2: The government is going to construct nearly three thousand flats for the floating people in Chattogram. The Ministry of Housing and Public Works will construct the flats on 13 acres of land in Bakolia Char area in the city. Twelve 14-storey towers will […]
Bangladesh a key source market for medical tourism There are some countries which largely depend on Bangladesh for medical tourists and selling health service related equipment, experts said yesterday. To cash in on the growing demand from Bangladesh’s rising mid-income people, some hospitals of India, Thailand, Singapore and Malaysia have either opened their liaison offices […]
Focus on organic products to grab share in $90b global mkt Businesses should focus on value-added organic products to get a sizeable share in the US$90 billion global green food market, sector experts said at a seminar on Tuesday. Considering the growing demand for organic foods and products, the government should also review its agricultural […]
WB to give $110m aid for sustainable enterprises The World Bank will provide $110 million assistance for Bangladesh to implement the Sustainable Enterprise Project (SEP) which will help some 20,000 microenterprises adopt environmentally-friendly practices, reports BSS The project covers manufacturing and agribusiness sectors, including leather, mini textiles, light engineering, plastic, food processing, metal products, livestock, […]
90pc of furniture demand met locally Local furniture makers are meeting 90 percent of the domestic demand, market players said yesterday. “Presently Bangladesh’s market size is around Tk 18,000 crore, of which only 10 percent is being imported,” KM Akhtaruzzaman, chairman of Akhtar Group, told reporters at a briefing at the office of the Export […]
$5b flies out as remittance annually: Muhith As much as $5 billion is sent out of Bangladesh every year by foreign nationals working mostly in the export-oriented garment industry, said Finance Minister AMA Muhith. “This $5 billion is taken mostly by Indians, Sri Lankans and nationals from our neighbourhood,” he said at a discussion on […]
Finance Minister AMA Muhith speaks at a pre-budget discussion at the Bangabandhu International Conference Centre in Dhaka yesterday. Md Mosharraf Hossain Bhuiyan, chairman of the NBR, Golam Sarwar, editor of the Daily Samakal, Abul Kasem Khan, president of the DCCI, and AB Mirza Azizul Islam, a former caretaker government adviser, are also seen. Photo: Star […]
China approves US$1b loan for Sri Lanka expressway COLOMBO: China has approved a US$1 billion loan to revive a long-delayed expressway in central Sri Lanka, the island’s government said on Monday (May 14).Construction of the first phase of the road linking the capital Colombo with the hill resort of Kandy had been delayed for more […]
Employers face dearth of qualified employees: MCCI Employers are not getting the supply of adequate quality manpower although thousands of people join the country’s workforce every year, speakers said yesterday. The industrial sector does not get the required number of skilled people because of the mismatch between education and industry requirement, said Nihad Kabir, president […]