Real-Estate & Infrastructure

The government today launched the Central Complain Management System (CCMS) platform to check digital cheating in e-commerce. Commerce Minister Tipu Munshi formally inaugurated the CCMS platform as the chief guest at a function held at the Ministry of Commerce conference room at Bangladesh Secretariat here today. State Minister for ICT …

Businesses in Bangladesh have to wait more than six months to get necessary approvals for starting their ventures in the country while investors in Vietnam get the approvals within only 35 days, Bangladesh Investment Development Authority executive chairman Lokman Hossain Miah said on Sunday. Mentioning the situation as one of …

The National Board of Revenue plans to bring more export-oriented sectors under the bonded warehouse privilege so that entrepreneurs can import raw materials duty-free, said its chief yesterday. “Upon completion of the present bond automation project, it will be feasible to expand it. If the facility is extended before the …

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 …

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 …

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 …

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 …

Multiple barriers in business operation compelled many of the cross-border e-commerce (CBEC) entrepreneurs to choose other countries as favourable investment destinations, said insiders. More than 50 entrepreneurs have already shifted their investment to other countries, including the UAE, due to their smooth policy support, payment facility and technical benefits for …

Tea garden owners in Bangladesh that play an exemplary role in the industry and thereby further the country’s economy will now be recognised for their efforts, according to a gazette notification from the commerce ministry. As per the “National Tea Award Policy 2022” announced on January 25, the awards will …

The price of mild steel (MS) rod may soon cross Tk 1 lakh per tonne as production costs have risen due to a recent hike in fuel and energy prices amid the ongoing US dollar crisis, according to industry people. “Around 90 per cent of the scrap steel used is …