BD loses $6.5b to urban pollution a year, says WB FE Report Bangladesh loses about US$ 6.5 billion due to pollution and environmental degradation in its urban areas every year, according to a World Bank (WB) report. The amount is equivalent to 3.4 per cent of the country’s Gross Domestic Product (GDP) in 2015, […]
Rich in Bangladesh rising faster than anywhere Star Business Report Bangladesh has topped the list of countries that saw the quickest growth in the number of ultra-wealthy people between 2012 and 2017, according to a new report from New York-based research firm Wealth-X. The number of ultra-high net-worth (UHNW) individuals in Bangladesh rose by 17.3 percent during […]
Source tax on export proceeds brought down Star Business Report The National Board of Revenue (NBR) has reduced withholding tax on the total proceeds from exports for all items to 0.6 percent in the face of demands from entrepreneurs, particularly apparel makers. Exporters, except jute goods makers, paid 0.7 percent withholding tax on their proceeds […]
IDB promoting innovation, says its president The development bank opens Dhaka office today Star Business Report Islamic Development Bank (IDB) has been promoting and supporting science, technology and innovation as part of an initiative to implement its vision to help people through investment in enterprise development. The Jeddah-based multilateral lender made the disclosure yesterday at […]
Amazon, Walmart to enter Bangladesh in two years Local e-commerce leaders seek protection to offset risk of losing business Star Business Report American e-commerce giant Amazon and retail heavyweight Walmart will start operations in Bangladesh within a couple of years as the global companies are increasingly making foray into the market, said a Bangladeshi entrepreneur […]
Private sector can help improve infrastructure: IDB president Star Business Report Islamic Development Bank President Bandar Hajjar yesterday stressed the importance of the private sector to improve the basic infrastructure in its member countries and achieve the Sustainable Development Goals (SDGs). Fifty-seven member countries of the IDB require $1 trillion per annum to achieve the […]
No VAT on computer parts at trading stage: NBR Star Business Report The revenue authority has withdrawn value-added tax (VAT) on computer parts and accessories at the trading stage to help consumers enjoy low prices. The move comes three months after the imposition of a 15 percent VAT on parts and accessories of computers at […]
Private sector can help improve infrastructure: IDB president Star Business Report Islamic Development Bank President Bandar Hajjar yesterday stressed the importance of the private sector to improve the basic infrastructure in its member countries and achieve the Sustainable Development Goals (SDGs). Fifty-seven member countries of the IDB require $1 trillion per annum to achieve the […]
No gain from going green RMG exporters don’t get price benefit for environment-friendly production Star Business Report Bangladesh’s garment exporters are now regretting for establishing green factories as they are not getting the benefits of the huge investment they made to make their industrial units environment-friendly. “The cost of setting up a garment unit went […]
India’s rupee hits record low against dollar Afp, Mumbai India’s rupee hit a new record low of 72 to the dollar on Thursday as emerging market currencies suffered more losses. The under-pressure currency of Asia’s third-largest economy slid to 72.12 to the greenback in afternoon trade. The rupee has steadily fallen by about 10 percent […]