Welcome to Business Outlook
The Bangladesh government is determined to end all problems related to shrimp production and its exportation, Fisheries and Livestock Minister SM Rezaul Karim has said. “These problems at shrimp hatcheries will eventually be resolved as the Bangladesh government is giving utmost importance to the development of the fisheries sector,” the …
Read More »Railway project in Cox’s Bazar to be delayed by two more years
The much-awaited fast-track Dohazari-Cox’s Bazar-Ghundum railway project is set to be delayed by two more years as Bangladesh Railway (BR) has sought time extension up to June 2024, officials said on Saturday. Currently, the project execution deadline is in June 2022. The government in the meantime has extended the ongoing …
Read More »Tax breaks for fish processing: minister
Bangladesh Fisheries Development Corporation (BFDC) is establishing a world-class dry fish processing industry in Cox’s Bazar, said Fisheries and Livestock Minister SM Rezaul Karim yesterday. The government will extend tax exemption benefits to the businesses that will import machinery or take initiatives to set up such industries in the country, …
Read More »Flower growers eye higher sales ahead of festivals
Flower growers look to turn around from the pandemic-induced losses by making higher sales as demand is rising ahead of Valentine’s Day, Pahela Falgun, the first day of the spring season, and International Mother Language Day. For example, farmers in Jhenaidah say they will sell flowers worth Tk 3.5 crore …
Read More »Bangladeshi entities receive highest awards in SAFA competition
Bangladeshi entities have received the highest number of awards in SAFA (South Asian Federation of Accountants) Best Presented Annual Report Awards, Integrated Reporting Awards and SAARC Anniversary Awards for Corporate Governance Disclosure 2020 competition. They have received a total of 21 awards out of 58 distributed among the SAARC countries, …
Read More »Even government entities press NBR for tax exemption: NBR Chairman
Chairman of National Revenue Board (NBR) Abu Hena Md. Rahmatul Muneem on Tuesday said lack of self-motivation to pay tax exists in the country and even government entities are seeking tax exemption. He urged the government entities to start a culture of paying tax from self-responsibility to the state instead …
Read More »ILDTS policy to see drastic changes
Bangladesh Telecommunication Regulatory Commission (BTRC) is going to bring drastic changes in the International Long Distance Telecommunications Services (ILDTS) policy in a bid to introduce a unified licensing system for enhancing the quality of services at low costs, reducing the operating expenses and boosting the efficiency of operators. The telecom …
Read More »BB asks banks to cut tax on service value of non-resident nationals
Bangladesh Bank has directed the banks to deduct tax at a fixed rate from the income of a non-resident person or organization for outward remittance in exchange of service. The central bank’s instruction was accompanied with a letter containing instructions of the National Board of Revenue (NBR) to cut tax …
Read More »MoU signed for sending workers to Greece
The Greece government has assured Bangladesh of providing job facilities to 4,000 new workers annually, as the two countries signed a Memorandum of Understanding (MoU). Through the MoU, overseas workers will get the new window for employment opportunities in Greece every year, according to a press release issued today. Expatriates …
Read More »bKash fetches freelancer’s remittance in seconds
bKash has given the country’s burgeoning freelancer community reason to cheer as they can now receive payments through the mobile financial service (MFS) provider within a few seconds. bKash has already signed a deal with Payoneer, an online payment gateway service provider that allows users to send or receive payments …
Read More »