Real-Estate & Infrastructure

The Cabinet Committee on Government Purchase (CCGP) approved on Thursday four separate procurement proposals in the road transport, shipping and housing and public works sectors. The approvals were given from the 12th meeting of the CCGP in this year held virtually with Finance Minister AM Mustafa Kamal in the chair. …

The implementation of a fully automated customs process has been delayed due to the absence of an updated policy framework, said customs officials. They said that customs modernisation was the key to facilitating cross-border trade and investment and reducing risk of duty evasion, but it was challenging to get the …

The National Board of Revenue (NBR) has made electronic payment mandatory for all types of taxes in order to ensure real-time receipt and improve government’s overall cash flow. Officials at the tax administration said until now taxpayers have to pay up to Tk 500,000 through automated challan (A-Challan) or e-payment. …

Bangladesh is expecting to achieve a major breakthrough in the free-trade negotiation with the Eurasian Economic Union (EAEU) scheduled to be held in Dhaka late this month. Signing a free-trade agreement (FTA) will top the agenda of the second meeting of the Joint Working Group (JWG) of Bangladesh and the …

The SME Foundation in partnership with the International Trade Centre has launched SheTrades Bangladesh Hub to address the barriers women face to access economic opportunities. The hub was launched at an event in the capital on March 15, according to a press release. This is the 13th hub under the …

In a first for Bangladesh, a consignment of watermelon has been shipped to Malaysia through Chattogram port by Sattar International, a vegetable exporter based in the port city. The consignment of more than 13 tonnes of watermelon and 5 tonnes of tomato had reached a private inland container depot last …

Electric vehicles (EVs), including plug-in hybrids, will one day dominate the automobile market in Bangladesh as the demand for cars run on alternative fuel is slowly gaining ground, according to importers and distributors. Around 20 EVs of global automotive brands such as Tesla and Porsche have been registered with the …

After completion of the capital dredging of the Karnaphuli River, the shipping cost has come down as 10-metre draft vessels can now berth at the Chittagong port. FE Earlier, lighter ships used to transport goods to and from larger vessels anchored at the outer anchorage of the port, increasing the …

The government’s tax revenue earnings from the Dhaka Stock Exchange decreased by 17.22 per cent or Tk 3.42 crore in February, compared with that of January of the current financial year, as turnover decreased significantly amid confidence crisis among investors. In February of the current financial year, tax revenue from …

ACI Limited, one of the biggest conglomerates in Bangladesh, is set to expand its footprint in the country’s marine engine business segment in order to capture a piece of a market that is growing 12 per cent annually. Chinese engines dominate the $61-million market in Bangladesh with a 33 per …