Current News

Bangladesh government has sought a revision to the power purchase agreement it signed with Adani Power Ltd for importing electricity from its thermal power plant in Jharkhand of India. Bangladesh Power Development Board, the government agency tasked with overseeing the development of the country’s power sector, has already sent a …

The HSBC-AUW School of Apparel and Retail Management would not only prepare female leaders required for the country’s apparel sector but would also help replace thousands of foreigners employed in the mid- and top levels of factories, discussants said recently. The school, in collaboration with the industry and academia of …

The government’s decision to increase the power tariff twice last month has created undue pressure on small industries that are unable to keep up with rapidly rising production costs, according to various businesspeople. Customers will now end up bearing the brunt of the higher costs of goods sold, they said. …

Bangladesh has built a solid partnership with European Union in the recent past and there are areas and opportunities to invest here, said Charles Whiteley, ambassador and head of delegation of the European Union (EU) to Bangladesh. During a visit to LafargeHolcim Bangladesh’s plant in Chhatak of Sunamganj recently, he …

The government should take proper, visible and fast actions to ensure good governance in the banking sector, said economists at a discussion. They spoke at the unveiling of the fourth edition of Banking Almanac, a source of information on financial institutions in the country, in the capital on Saturday. The …

The government is considering introducing a unified tax collection system at certain rates on total income of an individual or company instead of the existing system. The National Board of Revenue (NBR) has been asked to prepare a draft concept paper in this regard, officials said. The National Committee for …

The country is contemplating revoking the requisite for fumigating cotton imported from the United States following a recommendation by officials after a field-level inspection. To this end, the Agriculture Ministry has sought the Commerce Ministry’s steps to urgently exclude such a provision from the Import Policy Order 2021-2024, sources said. …

The manufacturers of the garment accessories and packaging sector demanded the extension of the issuance and renewal of all licenses by at least three or five years to move a step ahead in terms of ease of doing business. They also said that the packaging and accessories factories need nearly …

The shipment of plastic products rose 41 per cent year-on-year to $100.17 million in the first six months of the current financial year as orders surged following the post-pandemic recovery and manufacturers made a foray into new export destinations, official figures showed. The earnings compared to $71.06 million in the …

The year 2022 had been a good year for Bangladesh’s two local airlines thanks to increased flow of travellers after the authorities lifted pandemic-related restrictions. The operators said the rise in passengers helped them narrow down severe losses they had suffered because of the halt in carrying passengers. And if …