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The National Board of Revenue has formed a committee to review policies on the existing tax exemptions which are offered for industrial growth in the country and outcomes of the facilities. The revenue board on February 5 formed the committee led by NBR tax policy member Sams Uddin Ahmed. The …
Read More »Price of broiler chickens shoots up
The price of broiler chickens soared to Tk 230 a kilogram while beef and eggs became costlier on the kitchen markets in the capital Dhaka over the week ending Friday. Broiler chickens and eggs continued becoming costlier in the city for the past three weeks. Retailers said that farm owners …
Read More »‘Don’t make goods pricier during Ramadan’
Businesses should not raise prices of goods disproportionately during the holy month of Ramadan, Information Minister Hasan Mahmud said today. All countries of the world decrease prices of goods when there is a festival, but the opposite happens in Bangladesh, he said. “I request you (businesses) all, please keep prices …
Read More »Only 3.6% SME stimulus loans provided in Ctg
Small-scale enterprises of Chattogram are facing a crisis of capital in operating their business while banks have disbursed only 3.6 per cent of the loans allotted under a government stimulus package for cottage, micro, small and medium enterprises. Many enterprises have complained to trade bodies and the Bangladesh Small and …
Read More »Indian data center Major Yotta to invest over 2000C to build hyperscale Data Center Park in Dhaka
Yotta Data Services – the data center and cloud services arm of India’s Business Conglomerate Hiranandani Group and the operator of Asia’s largest Uptime Institute Gold Operations-certified Tier IV data center – has announced an investment of over Tk2000 crore ($150 million) to develop a Hyperscale Data Center Park in …
Read More »Eswatini seeks promotion of trade and business with Bangladesh
State Minister for Foreign Affairs Md. Shahriar Alam, who is on a two-day bilateral official visit to Eswatini, held bilateral discussions with Eswatinian Minister of Commerce, Industry and Trade Mr. Manqoba Khumalo at Mdzimba Conference Center in Mbabane on Tuesday (Feb 7), reveals a press release of the Ministry of …
Read More »Cross-border e-com market: Thrust on tackling hurdles to grab huge potential
Multiple barriers in business operation compelled many of the cross-border e-commerce (CBEC) entrepreneurs to choose other countries as favourable investment destinations, said insiders. More than 50 entrepreneurs have already shifted their investment to other countries, including the UAE, due to their smooth policy support, payment facility and technical benefits for …
Read More »Banking diploma must for bank officers’ promotion
The Bangladesh Bank on Wednesday made it mandatory for bank officials to obtain a banking diploma to be eligible for promotion to senior officer position and above. The central bank issued a circular in this regard on the day with the aim of increasing the bank officials’ skills and efficiency. …
Read More »Bangladesh’s RMG exports to US cross $10b in 2022
Bangladesh’s apparel and textile exports to the United States crossed $10 billion in 2022 amid global economic volatility as the US shifted a good chunk of its business from China. According to the latest US Department of Commerce’s Office of Textiles and Apparel data released on Tuesday, the US apparel …
Read More »15% spice demand met thru imports
Bangladesh has to rely on imports to meet about 15 per cent of the demand of the spice market, which highlighted the foreign currencies the country has to spend to bring in the items as well as the potential for local production. The country produces 49.30 lakh tonnes of spices …
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