Real-Estate & Infrastructure

Stakeholders including experts on industries and economists underscored the need for diversifying export products to ease dependency on the garment industry and achieve industrial sustainability while economic challenges persist. They also emphasised enhancing workers’ skills, productivity and handling challenges through collective efforts. The observations came at a seminar titled, “Global …

Bangladesh’s economy was beset by enormous challenges in 2023, including soaring inflation and depleting forex reserves, but optimism is in the air with the beginning of the new year as some key indicators are showing signs of improvement. Bangladeshis faced the double whammy of runaway inflation and skyrocketing prices of …

In a significant move towards aligning domestic fuel prices with international benchmarks, the government is set to introduce an automated dynamic fuel-pricing formula this month. This initiative follows a recommendation from the International Monetary Fund (IMF) to align domestic fuel tariffs with international market rates. State Minister for Power and …

The jewellery industry in Bangladesh has apparently remained largely dependent on unauthorised channels for sourcing gold although there is no direct government bar on importing the precious metal. Industry insiders said the taxes on legally importing gold were high, which was the main reason companies felt more comfortable sourcing gold …

The recently passed Income Tax Bill 2023 on Sunday, includes various changes for individuals, businesses, and corporations. Tax returns have been simplified for everyone. Currently, 29 different types of documentation must be submitted when filing a company’s tax return. It is being reduced to 12. Apart from individuals, all other …

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) yesterday gave away Tk 1.42 crore among 142 small traders whose businesses in the capital’s Bangabazar have been severely affected by a devastating fire on April 4. Each businessman received Tk 1 lakh. MCCI President Md Saiful Islam handed over the …

The cost of the Padma Multipurpose Bridge’s construction has increased by Tk 2,412 crore while its completion deadline has been extended by one year till June 2024. The Executive Committee of the National Economic Council (Ecnec) yesterday approved the project’s third revision with Prime Minister Sheikh Hasina in the chair …

The business sector in Bangladesh has been going through severe challenges for the past four years, which, for many, have been the toughest period in decades, with the coronavirus pandemic being the dominant factor in the early part before the Russia-Ukraine war broke out. Today, we are running the fifth …

Dhaka Chamber of Commerce & Industry (DCCI) on Sunday requested Bangladesh Bank to extend support for Bangabazar fire victims, noting that thousands of small and micro businesses of the Bangabazar clothing market have lost their shops with all belongings and valuables in the devastating fire that damaged the entire market …

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has announced a Tk 1 crore donation to rehabilitate traders affected by the recent fire at Bangabazar Market. FBCCI President Md Jashim Uddin made the announcement while visiting the Bangabazar area on Sunday afternoon. He also urged all in the country’s …