Welcome to Business Outlook
US President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added that any agreement with China cannot be a “50-50” deal. In an interview with Fox News Channel recorded last week and aired …
Read More »Tax holiday creates 29,000 jobs in 46 yrs
The existing tax holiday facility is inadequate to attract investments and generate employment optimally, speakers said Sunday. They said restrictions on the sector selection, complex procedures and mistrust between policy makers and investors are the major reasons behind this. Non-traditional sectors such as leather, plastic, and light engineering are not …
Read More »Govt mulls rice export to ensure fair price
Finance Minister AHM Mustafa Kamal yesterday said the government would take all measures to export rice, even if it means compensating for losses exporters might incur in the process, to ensure fair prices for farmers. Farmers are complaining that low demand for paddy in the market resulted from high production …
Read More »Six TV channels ink deal to use Bangabandhu satellite
Six private television channels yesterday entered into agreements with Bangladesh Communication Satellite Company Ltd (BCSCL) to air programmes through the Bangabandhu Satellite–1. The deals were signed at a programme at the InterContinental Dhaka hotel where the first anniversary of the successful launch of Bangladesh’s first satellite was celebrated. Deepto TV, …
Read More »Vietnam salt farmers battered by imports, climate
The salt farmers of Hon Khoi rise before dawn as they have for generations, fanning out across shallow seawater pools in southern Vietnam to harvest the precious mineral, hoping for a better season than the last. The work is punishing and the incomes unstable, subject to seesawing demand swayed by …
Read More »Huawei founder says growth “may slow, but only slightly” after US restrictions
Huawei Technologies’ founder and chief executive Ren Zhengfei said on Saturday the growth of the Chinese tech giant “may slow, but only slightly” due to recent US restrictions. In remarks to the Japanese press by Nikkei Asian Review, Ren reiterated that the Chinese telecom equipment maker has not violated any …
Read More »Modi’s jobs deficit: J&J’s largest India plant idle 3 years after completion
It was supposed to be Johnson & Johnson’s biggest manufacturing plant in India. It was to eventually employ at least 1,500 people and help bring development to a rural area near Hyderabad in southern India. Yet, three years after the US healthcare company completed construction of production facilities for cosmetics …
Read More »special arm at NBR planned to check mis-invoicing: Kamal
Finance minister AHM Mustafa Kamal now plans to set up a special cell at the National Board of Revenue (NBR) to check money laundering through over and under-invoicing. “…to check over pricing and under pricing, we will set up a PSI (pre-shipment inspection)-like cell at the revenue office,” the minister …
Read More »Tax Receipts in 9 Months: Tk 50,500cr short of target
Revenue collection is poised to fall short of target by a big margin this fiscal year, with receipts growing the lowest in five years in the first nine months due to sluggish collection of customs tariff and value-added tax. Between July last year and March this year, the National Board …
Read More »Huawei: Rags to riches story, or Chinese Trojan horse?
Chinese army technician Ren Zhengfei founded Huawei with just $5,000 in seed money, according to company lore, but 32 years later it is at the centre of a titanic tug-of-war between the United States and China for world technological supremacy.
Read More »