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Bangladesh is now ready to receive foreign investment, said president of the Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) Md Jashim Uddin. He also said that while the whole world was weathering a turbulent economic situation, it also impacted Bangladesh like other countries of the world. “However, despite …

BGMEA President Faruque Hassan has met with Bangladesh Ambassador to France Khondker M Talha at the embassy in Paris to discuss ways to strengthen trade ties with France. They had discussions about issues pertaining to the RMG industry of Bangladesh including its current and upcoming challenges, particularly how Bangladesh could …

The necessity of obtaining the many licences and certificates for a business and frequent renewals are badly hurting the local entrepreneurs and investors, businesses said yesterday. The business organisations have to renew many certificates every year, which is particularly problematic for small-scale industrial units, said Md Saiful Islam, president of …

Inflation or prices of many products, including essential commodities, will come down if the same happens in international markets or if import duties are adjusted, not if interest rates are hiked, said FBCCI President Md Jashim Uddin yesterday. “If the interest rate is increased, will people buy less? Already people …

Russia and Ukraine have become major sources of wheat for Bangladesh after India’s ban of its shipment, thanks to a United Nations and Turkey brokered grain deal that allowed moving the cereal from Ukraine over the Black Sea. Importers said they started importing wheat from both countries a couple of …

Mustard cultivation has exceeded the target in the current season thanks to a record hike in edible oil prices on the local market in recent months. Cultivation Expands Farmers have cultivated the crop on 7.97 lakh hectares, far surpassing the targeted area of 6.7 lakh hectares, according to the Department …

The government has received $476 million as the first tranche of a new loan programme of the International Monetary Fund (IMF). IMF Conditions As usual, the IMF loan programme has attached reforms in major economic areas for which the government needs to fulfill 45 conditions to get the entire amount …

Deputy Minister for Water Resources AKM Enamul Haque Shamim on Thursday said the government is putting its best efforts to help the farmers of the haor areas so that they could harvest their Boro crops timely. “The government at the directives of Prime Minister Sheikh Hasina is working relentlessly to …

State Minister for ICT Zunaid Ahmed Palak has urged Japanese IT entrepreneurs to invest more in Bangladesh, taking the opportunity of the country’s “competitive strengths and policy incentives”, reports UNB. He was speaking at the webinar “Investment Opportunities in Hi-Tech Parks in Bangladesh” hosted by the Embassy of Bangladesh in …

The National Board of Revenue has formed a committee to review policies on the existing tax exemptions which are offered for industrial growth in the country and outcomes of the facilities. The revenue board on February 5 formed the committee led by NBR tax policy member Sams Uddin Ahmed. The …