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Although the tea industry in Bangladesh has made significant advancements, tea plantation workers continue to be underpaid – a challenge that remains overlooked by the industry and the government, experts said at a dialogue on Wednesday. They also said that all stakeholders had to step forward to improve the living …
Read More »25,000 shrimp and prawn farmers’ productivity increased under ‘SAFETI’ project
The Safe Aqua Farming for Economic and Trade Improvement (SAFETI) project in Bangladesh was a six-year project funded by the US Department of Agriculture (USDA). Its mission was to increase agricultural productivity by improving the production and management of hatcheries and farms in the shrimp and prawn value chains to …
Read More »Bangladesh still top exporter of denim to the US
Despite a slowdown in the US caused by declining consumer demand, Bangladesh is still the number one exporter of denim garments to the US. Data from the Office of Textiles and Apparel (Otexa) of the Commerce Department show that Bangladesh exported denim apparel to the North American country worth $738.70 …
Read More »Accelerating Asia invests in Bangladeshi startup Hishabee
International early-stage VC fund, Accelerating Asia has announced its latest round of investments on Tuesday, with ten new companies joining Cohort 7 of the flagship program, which includes Bangladesh-based startup Hishabee. Hishabee, is a Bangladesh-based startup that helps small businesses reduce bottlenecks, lower overheads and open revenue streams by providing …
Read More »Government extends renewal period of import-export licences
The Ministry of Commerce on Wednesday approved the extension of renewal period of existing licenses or registrations of the importers and exporters for enhancing ease of doing business. In a circular issued by the ministry on the day, the validity of the existing import registration certificate (IRC) and export registration …
Read More »Submission of online income tax returns crosses 1 lakh
The submission of income tax returns through electronic method or online today crossed the milestone of 1 lakh, thanks to the huge interest created among the valued taxpayers on such method. The revenue board informed us that the taxpayers are now very much interested in paying taxes online as the …
Read More »No bank allowed to file cheque dishonour case: HC
The High Court (HC) came up with an order, saying no bank or financial institute will be allowed to file cheque dishonour case while recovering loan. A single judge bench of Justice Md Ashraful Kamal passed the order, allowing an appeal of a customer, who has been convicted and sentenced …
Read More »Ceramic sector reels from gas crisis, supplementary duty
The growing ceramic sector that made a sustainable footing in local market based on three key elements – availability of gas, cheap labour and tariff advantage – are now struggling to keep up its rising trend. The industry people have said that the availability of low-cost energy which was one …
Read More »Wealth tax receipts fail to chase rise in number of wealthy
The National Board of Revenue has been struggling to boost the wealth tax or surcharge over the years, although the number of wealthy people is rising in the country, an NBR official said. The NBR introduced the tax in the financial year 2011-2012 with the aim of reducing tax burden …
Read More »Banks thrive on fees but core business suffers
Most of the listed banks in Bangladesh logged higher profits in the January to September period of 2022 on the back of increased incomes from commissions and fees whereas their core business suffered from the slowdown in the economy. Despite a lower turnover in the stock market owing to the …
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