Business

Finance minister clarifies govt’s stance on savings certificates, agri loans

Finance Minister AHM Mustafa Kamal has addressed two critical issues - savings certificates and agricultural loans at the parliamentary session on Monday.He was responding to questions raised by opposition member of Parliament Mosiur Rahman Ranga during the session, which was chaired by Speaker Dr. ...

Business

BD Innovation Runway in Europe to redefine ‘Made in Bangladesh’

The 1st ever Bangladesh Innovation Runway will be held in Amsterdam, Netherlands, on 4th September. Pacific Jeans will present the innovation runway during the ‘Best of Bangladesh’, a 2-day event organized by Bangladesh Apparel Exchange (BAE)and supported by Bangladesh Embassy in the Net...

Business

Biman concludes Hajj activities

Biman Bangladesh Airlines Successfully Completes 2023 Hajj Program, Transporting Thousands of Pilgrims Safely"Biman Bangladesh Airlines celebrated the successful completion of its 2023 Hajj program on Thursday. The last post-Hajj dedicated flight (3612) landed at Hazrat Shahjalal International ...

Business

SME Foundation empowers entrepreneurs with ‘Kaizen’ implementation

The SME Foundation celebrated a momentous event where they highlighted their remarkable support for 62 organizations and nearly 400 entrepreneurs in implementing 'Kaizen' to enhance productivity and product quality on Monday. Moreover, the foundation successfully raised awareness among ...

Business

Penalties for companies not depositing dividends in CMSF: BSEC Chairman

In a bid to strengthen the capital market and ensure investor protection, Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubaiyat-ul-Islam asserted that companies failing to deposit distributed dividends to the Capital Market Stabilization Fund (CMSF) will face penalt...

Business

Grameen Bank launches Nationwide Tree Plantation Prog

Grameen Bank, in alignment with Prime Minister’s efforts to combat climate change and honoring Bangabandhu’s affinity for trees, has commenced a tree plantation program aiming to plant 200 million trees across Bangladesh in 2023. The program was inaugurated at the bank's head of...

Business

BGMEA proposes 0.5pc source tax for next 5yrs

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has demanded that the government make the tax at source on the RMG sector at the 0.5 percent from the existing 1.0 per cent."If the government makes the tax at source at 0.5 percent, then, entrepreneurs can confidently under...

Business

US-Bangla Airlines offers tour package to Bangkok

US-Bangla Airlines announces attractive travel packages for Bangladeshi tourists to one of the world’s most tourist-friendly destinations and modern and natural wonders Bangkok, the capital of Thailand. US-Bangla Airlines has announced a two-night, three-day Bangkok travel package for a m...

Business

MCCI pledges to work for rehab of Bangabazar traders

Metropolitan Chamber of Commerce and Industries (MCCI) has expressed its commitment to work for taking back the losing Bangabazar traders, hit by recent fire, to their  previous position.MCCI President made the commitment on Wednesday while addressing a ceremony, organized by the MCCI to distri...

Business

BIDA to provide coordinated ‘One Stop Service’ to ease business

The investors will have to be given coordinated One Stop Service (OSS) services from a lone platform so that they can avail every sorts of services related to investment through easy access, said Executive Chairman of BIDA, Lokman Hossain Mia.He said the OSS of the Bangladesh Investment Development ...

Business

Transform research into technology

Agriculture Minister Dr. Abdur Razzak has instructed the scientists at Bangladesh Jute Research Institute (BJRI) to transform their research into technology."If you can’t make it commercial then research will have no value. That is your challenge. The whole nation is looking forward to ju...

Business

We can boost economic ties with dev partners for prosperous future: Jashim

FBCCI President Jashim Uddin said, "We're seeing increasing opportunities for investment and trade. I am confident that by working together, we can continue to strengthen our economic ties and create a more prosperous future for our nations".He was addressing an Iftar and Doa mahfil on...

Business

Janata Exchange Co plans to open agency operations with central bank of Italy

Janata Exchange Company, SRL, a subsidiary company of the country’s leading state owned commercial bank, Janata Bank Limited, is planning to open agency operations with the central bank of Italy.  A four member delegation of Janata Bank, led by its CEO and Managing Director, Abdus Salam A...

Business

FBCCI urges traders, manufacturers to keep commodity market stable during Ramadan

FBCCI, the Apex trade organization of the country has urged the retailers and wholesale traders, manufacturers, importers, and market committees to keep the essential commodity market stable during Ramadan. FBCCI made this call during a discussion meeting with the retailers and wholesale trader...

Business

Simplification, automation and reforms of taxation system underscored

Business leaders urge for simplification of taxation system and tax reforms for facilitating the private sector to grow so that they can compete in the international market. They said Bangladesh’s economy is quite stable now but there is no scope of being reluctant due to global geo-econo...

Business

‘Govt to generate internal resource to raise tax GDP ratio’

"According to the Vision Plan 2041, the Government has set a target of raising the tax GDP ratio to 21.9%. The National Board of Revenue has set a target of raising the tax GDP ratio from 7.8% to 9.5% by 2026 through collecting additional revenue of Tk 2.34 lakh crore, although this target is d...

Business

Rights bodies for specific taxes and raising tobacco prices in next budget

In the upcoming national FY 2023-24 budget, the government must introduce a tier-based specific supplementary duty to raise the prices of cigarettes. The demand has been voiced by research and advocacy organization PROGGA (Knowledge for Progress) and Anti-Tobacco Media Alliance (ATMA) during a ...

Business

‘Collaborative approach needed to build sustainable supply chain’ BGMEA President tells Sustainable Apparel Forum

The issue of responsible business and sustainable trade should not be confined to the manufacturer’s level, said Faruque Hassan, President of BGMEA.“Because manufacturers are a part of the supply chain and very individuals within the supply chain has their own roles and responsibility. S...

Business

Kay Kraft opens its first ‘Experience Centre’ in Dhaka, showcases Eid collections

Country’ renowned fashion brand ‘Kay Kraft’ has formally inaugurated its first ‘Experience Center’ at Adabor Ring Road, Mohammadpur in the capital on Saturday.  Marking the opening of this mega outlet, Kay Kraft has displayed its latest and trendy fashion ware, des...

Business

Country to have electric trucks, Cargo vehicles soon

Trucks and cargo vehicles will also be upgraded into the electric segment soon. We will also bring electric trucks and cargo vehicles to our local market. This will reduce dependence on diesel, petrol, and at the same time it will also reduce maintenance cost as these vehicles can be charged like mo...