Real-Estate & Infrastructure

The Bangladesh high commissioner to Malaysia has highlighted the remarkable digital transformation of Bangladesh and underlined the importance of establishing institutional linkages to promote greater bilateral collaboration in ICT and digital economy. ‘We are determined to work closely with Malaysia to find ways and means to establish Bangladesh-Malaysia Digital Economy …

Experts at a webinar on Monday said that income tax, value added tax (VAT), and customs management system of the National Board of Revenue (NBR) need to be more taxpayer-friendly. Speedy completion of various automation activities of the NBR and better coordination among the three departments should be focused in …

The world must cut greenhouse gas emissions by at least a quarter before the end of this decade to achieve carbon neutrality by 2050. Progress needed toward such a major shift will inevitably impose short-term economic costs, though these are dwarfed by the innumerable long-term benefits of slowing climate change. …

With 173 green factories accredited by the US Green Building Council’s (USGBC) Leadership in Energy and Environmental Design (Leed), Bangladesh currently leads the globe in the RMG industry’s progress towards being green. Even while they may cost more to set up initially, these green factories help save operational expenses dramatically …

The new repo rate — the interest rate at which banks borrow short-term funds — from the central bank was implemented on Sunday. With this, Bangladesh Bank changed its policy or repo rate for the third time in just four months. The central bank said this was done to control …

Private sector credit growth rose to 14.07 percent year-on-year in August mainly driven by a strong US dollar against the local currency Taka, suggests the latest data from Bangladesh Bank. This growth is 3.5-year high and is very close to Bangladesh Bank’s private growth credit target of 14.10 percent for …

The government has issued Light Engineering Industry Development Policy 2022, setting an action plan with a timeframe to ensure developed infrastructure, industrial park, easy financing and industrial incentives for the sector in 2022-2027. The industries ministry on September 29 issued the policy through a gazette notification saying that the policy …

One of the Rampal power plant’s two units was inaugurated last month but it still requires some machinery to practically start running. Moreover, a lack of synchronisation has led to the government incurring extra costs in the form of demurrage being paid to ships which have already arrived with coal …

The World Bank has announced $530 million in supplemental funding for Ukraine to enable it to ‘meet urgent needs created by Russia’s invasion.’ The support, in the form of a new loan from the International Bank for Reconstruction and Development, is being guaranteed by Britain to the tune of $500 …

The number of Bangladeshi workers who headed to the Middle East countries in search of jobs surged 177 per cent year-on-year in the first eight months of 2022, official figures showed. The opening of the doors following the recovery of the oil-rich nations from the coronavirus pandemic and a higher …