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Two vessels, JS URAGA (Mine Sweeper Tender) and JS AWAJI (Mine Sweeper Ocean) of the Japan Maritime Self-Defense Force (JMSDF) arrived at Chattogram Port on Sunday for a goodwill port visit. They will stay in Chattogram till 11 April 2023. Captain NAKAI Eiichi, Commander, Minesweeper Division One, and his officers …
Read More »Export competitiveness project still in slow lane after 6 years
The commerce ministry’s Export Competitiveness for Jobs (EC4J) project, which aims to expand Bangladesh’s export basket, has once again failed to meet its deadline and become costlier due to slow implementation. The Tk 941 crore project has seen only 25 per cent progress following its previous six-year completion schedule, according …
Read More »Tax policy fails to attain goal of employment
Tax policy support for engaging physically challenged people and transgender community members in mainstream economy has failed to attain its objective. Experts, businesses and transgender community leaders suggested reforming the conditions of hiring from the communities by introducing several slabs from 1 per cent to 5 per cent and urged …
Read More »Roads ending golden days of boat trade
Anyone in their forties with experience of visiting the countryside might recall the ways they travelled from one place to another. In the absence of proper rural road infrastructure, boats were one of the main modes of transport for people, whether they wanted to visit relatives living in another village …
Read More »Experts suggest budget reforms for higher tax revenue
Experts on Tuesday emphasized the need for measures to enhance tax revenue, commence automation of tax collection, generate employment, reduce inflation and ensure policy predictability in the upcoming budget. They also stressed the need for expanding the tax net, revisiting corporate tax, containing tax evasion, and rethinking the formulation of …
Read More »Petrobangla working to end foreign company’s monopoly in pre-paid gas metering system
Petrobangla has initiated a move to bring an end to the existing monopoly of a particular foreign company in its pre-paid gas metering system. “We’ve already received the government’s policy approval to allow battery-run pre-paid gas meter,” Petrobangla Chairman Zanendra Nath Sarker told UNB recently. According to official sources, a …
Read More »Kuakata sees drastic fall in tourists for Ramadan
The number of tourists flocking to Kuakata Beach has fallen drastically since the middle of March, forcing hotel and motel owners to offer up to 50 per cent discounts on rents in a desperate bid to attract holidaymakers and cut losses. Motaleb Sharif, general secretary of the Kuakata Hotel-Motel Owners …
Read More »Govt committed to make best business friendly rules, regulations: Law Minister
Law Minister Anisul Huq today said that the government is committed to make the best possible business-friendly rules and regulations. “Through alternative dispute resolution mechanism, we can get faster access to justice. Government is committed to make best possible business friendly rules and regulations. Arbitration Act 2001 may be revisited,” …
Read More »Arbitration act should be reviewed to attract more FDI: businesses
Businesses on Sunday said that the Arbitration Act should be reviewed for quick dispute settlement to promote ease of doing business so that foreign investors become confident to invest more in Bangladesh. At a seminar on revisiting Arbitration Act 2001 for promoting FDI in Bangladesh, arranged by the Dhaka Chamber …
Read More »Upcoming budget will not be over-ambitious
The budget for the upcoming fiscal year of 2023-24 will not be over-ambitious considering the global economic crisis and instability, said Planning Minister MA Mannan. “Bangladesh’s economy is quite stable now but there is no scope to become complacent due to ongoing global geo-economic challenges.” He made the comments at …
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